Global Certificate in Inventory Analysis Techniques: Smart Solutions
-- ViewingNowThe Global Certificate in Inventory Analysis Techniques: Smart Solutions is a comprehensive course that equips learners with essential skills for career advancement in inventory management. This program emphasizes the importance of data-driven decision-making, teaching learners how to analyze inventory data and apply smart solutions to optimize inventory levels, reduce costs, and improve operational efficiency.
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โข Inventory Management Fundamentals
โข Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
โข Inventory Analysis Techniques: ABC Analysis, Economic Order Quantity (EOQ), and Reorder Point Analysis
โข Inventory Valuation Methods: FIFO, LIFO, and Weighted Average
โข Inventory Control Systems: Manual and Computerized Systems
โข Inventory Costs: Carrying Costs and Ordering Costs
โข Inventory Performance Metrics: Inventory Turnover, Stockout Rates, and Days Inventory Outstanding (DIO)
โข Smart Inventory Solutions: Just-In-Time (JIT), Vendor-Managed Inventory (VMI), and Consignment Inventory
โข Inventory Forecasting Techniques: Trend Analysis, Seasonal Index, and Exponential Smoothing
โข Case Studies: Real-World Inventory Management Scenarios
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