Professional Certificate in Inventory Management: Retail Essentials
-- ViewingNowThe Professional Certificate in Inventory Management: Retail Essentials is a comprehensive course designed to equip learners with the essential skills required to excel in the retail industry. This certification program focuses on the importance of inventory management, a critical aspect of retail operations that can significantly impact a business's profitability and success.
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• Inventory Management Fundamentals
• Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
• Retail Inventory Strategies: Just-In-Time (JIT) and Safety Stock Management
• Inventory Control Techniques: ABC Analysis, Economic Order Quantity (EOQ), and Reorder Point System
• Inventory Valuation Methods: FIFO, LIFO, and Weighted Average
• Retail Inventory Accuracy and Cycle Counting
• Inventory Performance Metrics: Stock Turnover, Inventory Days of Supply, and Gross Margin Return on Investment (GMROI)
• Implementing Inventory Management Systems in Retail
• Case Studies in Retail Inventory Management
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