Executive Development Programme in Building Smarter Inventory
-- ViewingNowThe Executive Development Programme in Building Smarter Inventory is a certificate course designed to empower professionals with the skills to optimize inventory management in today's data-driven world. This program is crucial for professionals seeking to advance their careers in supply chain, logistics, operations, or procurement management.
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โข Inventory Management Foundation: Understanding the basics of inventory management, including key terms, concepts, and best practices.
โข Demand Forecasting: Utilizing historical data and market trends to predict future demand and optimize inventory levels.
โข Supplier Relationship Management: Building and maintaining strong relationships with suppliers to ensure timely delivery and competitive pricing.
โข Inventory Optimization Techniques: Implementing advanced techniques such as safety stock calculation, economic order quantity (EOQ), and continuous inventory review.
โข Technology in Inventory Management: Exploring the latest technologies and tools used in inventory management, including inventory management software, RFID, and barcode scanning.
โข Supply Chain Visibility: Gaining real-time visibility into the supply chain to improve decision making and reduce risk.
โข Inventory Performance Metrics: Measuring inventory performance using key metrics such as inventory turnover, stockout rate, and carrying cost.
โข Building a Culture of Continuous Improvement: Creating a culture that supports continuous improvement and innovation in inventory management.
โข Change Management in Inventory Management: Implementing change management best practices to ensure successful adoption of new inventory management processes and technologies.
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