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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⢠Inventory Tracking Fundamentals
⢠Types of Inventory: Raw Materials, WIP, and Finished Goods
⢠Inventory Management Techniques: FIFO, LIFO, and WAC
⢠Inventory Control Systems: Barcodes, RFID, and EDI
⢠Inventory Cost Analysis: Carrying Costs and Ordering Costs
⢠Inventory Optimization: Economic Order Quantity (EOQ) and Reorder Point
⢠Inventory Valuation: Weighted Average, Specific Identification, and Standard Cost
⢠Inventory Performance Metrics: Stock Turnover, Inventory Days of Supply, and Fill Rate
⢠Inventory Planning and Forecasting: Demand Planning, Sales and Operations Planning (S&OP), and Material Requirements Planning (MRP)
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