Global Certificate in Inventory Tracking & Management
-- ViewingNowThe Global Certificate in Inventory Tracking & Management is a comprehensive course designed to equip learners with essential skills for career advancement in inventory management. This course emphasizes the importance of effective inventory tracking, control, and management in various industries, including manufacturing, retail, and e-commerce.
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โข Inventory Tracking Fundamentals
โข Types of Inventory: Raw Materials, WIP, and Finished Goods
โข Inventory Management Techniques: FIFO, LIFO, and WAC
โข Inventory Control Systems: Barcodes, RFID, and EDI
โข Inventory Cost Analysis: Carrying Costs and Ordering Costs
โข Inventory Optimization: Economic Order Quantity (EOQ) and Reorder Point
โข Inventory Valuation: Weighted Average, Specific Identification, and Standard Cost
โข Inventory Performance Metrics: Stock Turnover, Inventory Days of Supply, and Fill Rate
โข Inventory Planning and Forecasting: Demand Planning, Sales and Operations Planning (S&OP), and Material Requirements Planning (MRP)
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