Professional Certificate in Stock Management: Essentials for Success
-- ViewingNowThe Professional Certificate in Stock Management: Essentials for Success is a comprehensive course designed to equip learners with critical skills for career advancement in inventory management. This program emphasizes the importance of effective stock management in various industries, from manufacturing to retail, where inventory control plays a crucial role in business success.
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โข Introduction to Stock Management: Understanding the Basics (stock management, inventory control, supply chain management)
โข Types of Stock: Raw Materials, Work-in-Progress, Finished Goods, Maintenance, Repair and Operational Spares (RM, WIP, FG, MRO)
โข Inventory Management Techniques: First-In-First-Out (FIFO), Last-In-First-Out (LIFO), Average Cost (AVCO)
โข Inventory Control Systems: Periodic System, Perpetual Inventory System, Just-In-Time (JIT)
โข Stock Valuation Methods: Base Stock System, Reorder Point System, Economic Order Quantity (EOQ)
โข Supplier Relationship Management: Building Strong Partnerships, Negotiation Skills, Supplier Evaluation
โข Demand Forecasting: Historical Data Analysis, Quantitative Methods, Qualitative Methods
โข Warehouse Management: Layout Design, Material Handling Equipment, Inventory Storage Techniques
โข Technology in Stock Management: Inventory Management Software, Barcode Systems, RFID Technology
โข Stock Management Best Practices: Continuous Improvement, Performance Metrics, Risk Management
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