Certificate in Retail Inventory Management: Inventory Control
-- ViewingNowThe Certificate in Retail Inventory Management: Inventory Control is a comprehensive course designed to empower learners with essential skills for success in inventory management. This program highlights the importance of effective inventory control in retail, teaching learners how to maintain optimal stock levels, reduce costs, and improve customer satisfaction.
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โข Inventory Management Fundamentals
โข Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
โข Inventory Control Techniques: FIFO, LIFO, and ABC Analysis
โข Demand Forecasting and Inventory Planning
โข Inventory Valuation Methods: Average Cost, Specific Identification, and Weighted Average Cost
โข Physical Inventory Management and Cycle Counts
โข Inventory Management Software and Tools
โข Inventory Performance Metrics: Stock Turnover, Inventory Days of Supply, and Carrying Cost
โข Supplier Relationship Management and Negotiation Strategies
โข Case Studies and Real-World Inventory Management Scenarios
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