Certificate in Smart Inventory Management Best Practices
-- ViewingNowThe Certificate in Smart Inventory Management Best Practices is a comprehensive course designed to enhance your expertise in modern inventory management. This program emphasizes the importance of efficient inventory systems in driving business growth and profitability.
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โข Inventory Management Foundations
โข Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
โข Inventory Valuation Methods: FIFO, LIFO, and Weighted Average
โข Smart Inventory Strategies: Just-In-Time (JIT) and Material Requirements Planning (MRP)
โข Inventory Control Techniques: Safety Stock, Reorder Point, and Economic Order Quantity (EOQ)
โข Implementing an Inventory Management System
โข Inventory Performance Metrics and KPIs
โข Supplier Relationship Management and Negotiation
โข Continuous Inventory Improvement and Best Practices
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