Professional Certificate in Inventory Control for Dealerships
-- ViewingNowThe Professional Certificate in Inventory Control for Dealerships is a comprehensive course designed to provide learners with the essential skills needed to excel in inventory management within the dealership industry. This course highlights the importance of effective inventory control in enhancing profitability, improving customer service, and reducing waste.
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โข Introduction to Inventory Control: Basics of inventory management, importance of inventory control, types of inventory systems.
โข Inventory Control Policies: Setting up inventory control policies, reorder point calculation, safety stock determination.
โข Inventory Management Techniques: Just-In-Time (JIT) inventory, Economic Order Quantity (EOQ) model, ABC analysis.
โข Inventory Accounting: Cost flow assumptions, periodic and perpetual inventory systems, inventory valuation methods.
โข Inventory Software and Tools: Overview of inventory management software, implementation strategies, integration with dealership systems.
โข Inventory Performance Metrics: Common inventory metrics, tracking and analyzing inventory performance, setting performance goals.
โข Supplier Relationship Management: Building strong supplier relationships, negotiating contracts, managing lead times.
โข Inventory Control for Dealerships: Unique considerations for inventory control in dealerships, managing multiple product lines, forecasting demand.
โข Inventory Control Best Practices: Implementing industry best practices, continuous improvement strategies, legal and regulatory considerations.
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