Certificate in Inventory Management Fundamentals
-- ViewingNowThe Certificate in Inventory Management Fundamentals is a comprehensive course designed to equip learners with the essential skills necessary for success in inventory management. This program focuses on the importance of effective inventory management in various industries, addressing key concepts such as demand forecasting, supply chain management, and inventory control techniques.
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⢠Inventory Management Basics
⢠Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
⢠Inventory Control Techniques: FIFO, LIFO, and ABC Analysis
⢠Inventory Valuation Methods: Average Cost, Specific Cost, and Standard Cost
⢠Demand Forecasting and Inventory Planning
⢠Implementing an Inventory Management System
⢠Inventory Performance Metrics: Turnover, Stockout Rates, and Carrying Costs
⢠Supplier Relationship Management and Negotiation
⢠Physical Inventory Management and Cycle Counting
Note: These units are proposed as a general guideline for a Certificate in Inventory Management Fundamentals. The actual curriculum may vary depending on the institution providing the course.
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