Certificate in Inventory Control for Schools
-- ViewingNowThe Certificate in Inventory Control for Schools is a comprehensive course designed to equip learners with critical skills for inventory management in educational institutions. This program underscores the importance of effective inventory control in ensuring the smooth operation of schools, colleges, and universities.
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โข Types of Inventory (Raw materials, Work-in-progress, Finished goods, Maintenance, Repair and Operational supplies)
โข Inventory Management Techniques (First-In-First-Out, Last-In-First-Out, Just-In-Time)
โข Inventory Valuation Methods (Fixed Asset Accounting, Standard Cost Accounting, Weighted Average Cost, Specific Identification)
โข Inventory Control Systems
โข Demand Forecasting (Quantitative and Qualitative methods)
โข Inventory Costs (Ordering costs, Holding costs, Stockout costs)
โข Physical Inventory (Methods, Procedures, and Controls)
โข ABC Analysis (Classification of Inventory)
โข Inventory Performance Metrics (Inventory Turnover, Days Inventory Outstanding, Stockout Rate, Carrying Cost)
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