Global Certificate in Retail Inventory Planning Strategies
-- ViewingNowThe Global Certificate in Retail Inventory Planning Strategies is a comprehensive course designed to develop and enhance the skills of inventory planning professionals. This certification is crucial in today's retail landscape, where efficient inventory management is key to business success and customer satisfaction.
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โข Introduction to Retail Inventory Planning: Defining key terms, understanding the importance of inventory planning, and exploring the retail industry
โข Demand Forecasting: Analyzing historical sales data, identifying trends and seasonality, and predicting future demand
โข Inventory Management Techniques: Exploring various inventory management methods, such as Just-In-Time (JIT), Economic Order Quantity (EOQ), and Reorder Point (ROP)
โข Supply Chain Management: Understanding the flow of goods from suppliers to customers, including transportation, warehousing, and order fulfillment
โข Technology in Inventory Planning: Leveraging inventory management software, barcode scanning, and automation for efficient planning
โข Inventory Control and Stock Optimization: Minimizing stockouts, excess inventory, and reducing costs through effective inventory control
โข Performance Metrics and Analytics: Measuring inventory performance using key metrics, such as inventory turnover, stockout rates, and gross margin return on investment (GMROI)
โข Collaborative Planning, Forecasting, and Replenishment (CPFR): Building partnerships with suppliers, distributors, and retailers to improve forecasting and inventory management
โข Risk Management and Contingency Planning: Identifying and mitigating risks, such as supply chain disruptions, and developing contingency plans
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