Certificate Inventory Basics for Beginners
-- viewing nowThe Certificate Inventory Basics for Beginners course is a critical foundational program for those interested in supply chain management and logistics. This certificate course focuses on teaching the fundamentals of inventory management, an essential skill in various industries such as manufacturing, retail, and e-commerce.
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Course Details
• Introduction to Inventory Management
• Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
• Basic Inventory Math: Calculating Inventory Turnover, Stockouts, and Overstock
• Inventory Control Systems: Periodic and Perpetual Inventory
• ABC Analysis: Prioritizing Inventory Items
• Inventory Valuation Methods: FIFO, LIFO, and Weighted Average
• Physical Inventory Counts: Processes and Best Practices
• Technology in Inventory Management: Barcodes, RFID, and Inventory Management Software
• Continuous Inventory Improvement: KPIs, VAVE, and Lean Practices
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