Executive Development Programme in Inventory Control and Planning
-- ViewingNowThe Executive Development Programme in Inventory Control and Planning is a certificate course designed to provide learners with critical skills in inventory management. This programme emphasizes the importance of effective inventory control in enhancing organizational performance, reducing costs, and improving customer satisfaction.
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⢠Inventory Management Overview
⢠Types of Inventory: Raw Materials, Work-in-Progress, Finished Goods
⢠Inventory Control Techniques: FIFO, LIFO, ABC Analysis
⢠Inventory Planning and Forecasting: Demand Analysis, Safety Stock, Reorder Point
⢠Lean Inventory Management: Just-In-Time, Kanban, Continuous Improvement
⢠Inventory Costs: Carrying Costs, Ordering Costs, Stockout Costs
⢠Technology in Inventory Control: Warehouse Management Systems, Barcodes, RFID
⢠Performance Metrics: Inventory Turnover, Days Inventory Outstanding, Stockout Rate
⢠Inventory Strategy: New Product Introduction, Product Phase-Out, Supply Chain Collaboration
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