Certificate in Inventory Management: Stock Control Techniques

Name: Certificate in Inventory Management: Stock Control Techniques
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The Certificate in Inventory Management: Stock Control Techniques course is a comprehensive program designed to equip learners with essential skills for career advancement in inventory management. This course emphasizes the importance of effective stock control techniques, which are crucial in any industry that deals with physical goods.

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AboutThisCourse

In today's fast-paced business environment, companies are seeking professionals who can efficiently manage their inventory and reduce costs. This course is designed to meet that industry demand, providing learners with an in-depth understanding of inventory management principles, demand forecasting, and the use of technology in managing inventory. Upon completion, learners will be able to analyze and control stock levels, implement effective inventory management strategies, and use data to make informed decisions. These skills are not only important for inventory management roles but are also highly valued in supply chain management, operations management, and other related fields.

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CourseDetails

• Inventory Management Fundamentals
• Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
• Stock Control Techniques: Economic Order Quantity (EOQ), Reorder Point System, and Just-In-Time (JIT)
• Inventory Valuation Methods: FIFO, LIFO, and Weighted Average Cost
• Inventory Accuracy and Cycle Counting
• Inventory Performance Metrics: Inventory Turnover, Stockout Rate, and Carrying Cost
• Inventory Management Software and Tools
• Inventory Management Best Practices and Strategies
• Case Studies: Real-World Inventory Management Scenarios

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EntryRequirements

BasicUnderstandingSubject
ProficiencyEnglish
ComputerInternetAccess
BasicComputerSkills
DedicationCompleteCourse

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FastTrack GBP £140

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AcceleratedLearningPath

ThreeFourHoursPerWeek
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StandardMode GBP £90

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FlexibleLearningPace

TwoThreeHoursPerWeek
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CERTIFICATE IN INVENTORY MANAGEMENT: STOCK CONTROL TECHNIQUES

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London College of Foreign Trade (LCFT)

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05 May 2025

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