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