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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