Certificate in Inventory Basics: Foundations
-- ViewingNowThe Certificate in Inventory Basics: Foundations is a comprehensive course designed to provide learners with fundamental knowledge and skills in inventory management. This course emphasizes the importance of inventory control in business operations, highlighting its crucial role in cost reduction, customer satisfaction, and overall profitability.
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โข Introduction to Inventory Management: Basics of inventory, types of inventory, and the importance of inventory management.
โข Inventory Record Keeping: Techniques for effective inventory record keeping, including manual and computerized systems.
โข Inventory Control Systems: Overview of different inventory control systems, including periodic and perpetual systems.
โข Forecasting and Demand Management: Techniques for demand forecasting, including historical data analysis and trend projection.
โข Inventory Valuation: Methods for inventory valuation, including FIFO, LIFO, and weighted average.
โข Purchasing and Supplier Management: Best practices for purchasing and supplier management, including vendor selection and negotiation.
โข Inventory Storage and Warehousing: Strategies for inventory storage and warehousing, including layout, organization, and safety.
โข Inventory Costs and Budgeting: Understanding of inventory costs, including carrying costs, ordering costs, and budgeting for inventory management.
โข Inventory Analysis and Improvement: Techniques for inventory analysis and continuous improvement, including cycle counting and ABC analysis.
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