Certificate in Inventory Control Essentials for Manufacturing
-- ViewingNowThe Certificate in Inventory Control Essentials for Manufacturing is a comprehensive course designed to equip learners with the critical skills necessary for success in inventory management within the manufacturing industry. This program emphasizes the importance of effective inventory control in enhancing operational efficiency, reducing costs, and improving overall business performance.
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โข Introduction to Inventory Control: Basics of inventory management, importance of inventory control, types of inventory.
โข Inventory Control Objectives: Setting inventory control objectives, understanding service level agreements, inventory accuracy.
โข Inventory Management Techniques: Economic Order Quantity (EOQ), Just-In-Time (JIT) inventory, safety stock.
โข Inventory Valuation: Periodic and perpetual inventory systems, weighted average and specific identification methods.
โข Inventory Costs: Carrying costs, ordering costs, stockout costs.
โข Physical Inventory Counts: Preparing for physical counts, cycle counting, perpetual vs. periodic inventory counts.
โข Inventory Systems and Technology: Warehouse Management Systems (WMS), Inventory Management Software (IMS), barcode scanning technology.
โข Supplier Relationship Management: Building strong supplier relationships, negotiating contracts, supplier performance metrics.
โข Inventory Control Policies and Procedures: Developing and implementing inventory control policies, monitoring and improving procedures.
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