Certificate in Inventory for Small Business
-- ViewingNowThe Certificate in Inventory for Small Business course is a powerful learning program designed for current or aspiring small business owners. This course emphasizes the importance of effective inventory management, a crucial aspect that can significantly impact a small business's profitability and success.
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โข Understanding Inventory for Small Business
โข Types of Inventory: Raw Materials, WIP, Finished Goods
โข Inventory Management Techniques: FIFO, LIFO, and Average Cost
โข Importance of Inventory Accuracy and Cycle Counting
โข Inventory Control Systems: Manual vs. Computerized
โข Inventory Valuation and Cost of Goods Sold (COGS)
โข ABC Analysis and Inventory Categorization
โข Demand Forecasting and Inventory Planning
โข Establishing Reorder Points and Safety Stock Levels
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