Professional Certificate in Production Inventory Management Techniques
-- ViewingNowThe Professional Certificate in Production Inventory Management Techniques is a comprehensive course designed to provide learners with essential skills for career advancement in inventory management. This program focuses on the importance of inventory management in manufacturing and production processes, teaching learners how to maintain optimal inventory levels, reduce costs, and improve efficiency.
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โข Introduction to Production Inventory Management: Understanding the basics and importance of production inventory management techniques.
โข Demand Forecasting: Utilizing historical data and statistical methods to predict future demand.
โข Safety Stock Management: Calculating and maintaining safety stock levels to prevent stockouts.
โข Material Requirements Planning (MRP): Implementing MRP systems to manage material requirements and production scheduling.
โข Just-In-Time (JIT) Inventory: Applying JIT principles to reduce inventory costs and improve efficiency.
โข Vendor Managed Inventory (VMI): Outsourcing inventory management to suppliers for better supply chain collaboration.
โข Inventory Control Techniques: Utilizing ABC analysis, continuous review systems, and reorder point strategies.
โข Lean Inventory Management: Implementing lean principles to eliminate waste and optimize inventory levels.
โข Inventory Performance Metrics: Measuring and tracking inventory performance using key metrics such as inventory turnover, stockout rate, and carrying cost.
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