Advanced Certificate in The Essentials of Inventory Management
-- ViewingNowThe Advanced Certificate in The Essentials of Inventory Management is a comprehensive course designed to enhance your expertise in inventory management. This program is crucial in today's industry due to the increasing demand for professionals who can effectively manage and optimize inventory, a key component of supply chain management.
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โข Inventory Management Fundamentals
โข Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
โข Inventory Valuation Methods: FIFO, LIFO, and Weighted Average
โข Inventory Control Systems: Barcodes, RFID, and EDI
โข Demand Forecasting and Inventory Planning
โข Safety Stock and Reorder Point Management
โข Inventory Performance Metrics: Inventory Turnover, Stockout Rate, and Carrying Cost
โข Supplier Relationship Management and Inventory
โข Advanced Inventory Management Technologies: AI, ML, and IoT
โข Case Studies: Implementing Inventory Management Strategies in Real-World Scenarios
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