Global Certificate in Inventory Control for Enhanced Productivity
-- ViewingNowThe Global Certificate in Inventory Control for Enhanced Productivity course is a comprehensive program designed to provide learners with the essential skills necessary for success in inventory management. This course focuses on the importance of effective inventory control in enhancing productivity, reducing costs, and improving overall business performance.
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โข Introduction to Inventory Control: Understanding the basics, importance, and objectives of inventory control.
โข Types of Inventory: Raw materials, work-in-progress, finished goods, and maintenance, repair, and operating supplies (MRO).
โข Inventory Management Techniques: Economic Order Quantity (EOQ), Just-In-Time (JIT), Material Requirements Planning (MRP), and Lean Inventory Management.
โข Inventory Valuation Methods: Last In, First Out (LIFO), First In, First Out (FIFO), and Average Cost.
โข Inventory Control Systems: Manual, automated, and hybrid systems, including barcodes, RFID, and ERP systems.
โข Inventory Performance Metrics: Inventory turnover, stockout rate, holding costs, and service level.
โข Supplier Relationship Management: Building strong relationships, supplier evaluation, and vendor-managed inventory (VMI).
โข Inventory Forecasting and Planning: Demand forecasting, safety stock calculation, and inventory review methods.
โข Inventory Control Best Practices: Cycle counting, continuous improvement, and implementing a robust inventory control policy.
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