Professional Certificate in Inventory & Business Impact
-- ViewingNowThe Professional Certificate in Inventory & Business Impact is a comprehensive course designed to enhance your understanding of inventory management and its impact on business success. This program is crucial in today's competitive industry, where effective inventory control is key to improving operational efficiency, reducing costs, and maximizing profitability.
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โข Understanding Inventory Management: An Overview
โข Types of Inventory: Raw Materials, WIP, and Finished Goods
โข Inventory Control Techniques: FIFO, LIFO, and ABC Analysis
โข Inventory Valuation Methods: Average Cost, Specific Identification, and Standard Cost
โข Demand Forecasting and Inventory Planning
โข Technology in Inventory Management: ERP, WMS, and IoT
โข Inventory Metrics: Stock Turnover, Carrying Cost, and Service Levels
โข Inventory Optimization Techniques: Safety Stock and Reorder Point Analysis
โข Supply Chain Management and Inventory Control
โข Business Impact of Inventory Management: Cash Flow, Customer Service, and Competitive Advantage
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