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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⢠Inventory Management Fundamentals
⢠Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
⢠Inventory Control Techniques: FIFO, LIFO, and ABC Analysis
⢠Demand Forecasting and Inventory Planning
⢠Inventory Valuation Methods: Average Cost, Specific Identification, and Weighted Average Cost
⢠Physical Inventory Management and Cycle Counts
⢠Inventory Management Software and Tools
⢠Inventory Performance Metrics: Stock Turnover, Inventory Days of Supply, and Carrying Cost
⢠Supplier Relationship Management and Negotiation Strategies
⢠Case Studies and Real-World Inventory Management Scenarios
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