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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โข Inventory Management Fundamentals
โข Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
โข Retail Inventory Strategies: Just-In-Time (JIT) and Safety Stock Management
โข Inventory Control Techniques: ABC Analysis, Economic Order Quantity (EOQ), and Reorder Point System
โข Inventory Valuation Methods: FIFO, LIFO, and Weighted Average
โข Retail Inventory Accuracy and Cycle Counting
โข Inventory Performance Metrics: Stock Turnover, Inventory Days of Supply, and Gross Margin Return on Investment (GMROI)
โข Implementing Inventory Management Systems in Retail
โข Case Studies in Retail Inventory Management
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