Professional Certificate in Inventory Management: TOC Best Practices
-- ViewingNowThe Professional Certificate in Inventory Management: TOC Best Practices is a comprehensive course that equips learners with essential skills for career advancement in inventory management. This certificate course emphasizes the Theory of Constraints (TOC) best practices, a powerful management paradigm that can significantly improve organizational performance.
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โข Unit 1: Introduction to Inventory Management
โข Unit 2: Types of Inventory: Raw Materials, WIP, and Finished Goods
โข Unit 3: Inventory Management Best Practices
โข Unit 4: Inventory Valuation Methods (FIFO, LIFO, Weighted Average)
โข Unit 5: Inventory Control Techniques (ABC Analysis, Reorder Point System)
โข Unit 6: Demand Forecasting and Inventory Planning
โข Unit 7: Physical Inventory Management and Cycle Counting
โข Unit 8: Inventory Performance Metrics (Inventory Turnover, Stockout Rate)
โข Unit 9: Supplier Relationship Management and Vendor-Managed Inventory
โข Unit 10: Technology in Inventory Management (WMS, ERP, IoT)
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