Executive Development Programme in Retail Inventory Planning: Inventory Control
-- ViewingNowThe Executive Development Programme in Retail Inventory Planning: Inventory Control certificate course is a comprehensive program designed to equip learners with critical skills in retail inventory management. This course emphasizes the importance of effective inventory control in driving business success, satisfying customer needs, and improving profitability.
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โข Introduction to Retail Inventory Planning: Understanding the basics of inventory planning, its importance, and the role of inventory control in retail organizations.
โข Demand Forecasting: Techniques for accurate demand forecasting, analyzing historical sales data, and identifying trends to make informed inventory decisions.
โข Inventory Management Principles: Key principles of inventory management, including safety stock calculation, reorder point determination, and lead time management.
โข Inventory Control Techniques: Exploring various inventory control techniques, such as FIFO, LIFO, and ABC analysis, to optimize inventory management.
โข Retail Inventory Planning Software: Overview of popular inventory planning software, their features, and how to choose the right solution for your organization.
โข Inventory Performance Metrics: Measuring inventory performance using key metrics, such as inventory turnover, stockout rate, and gross margin return on investment (GMROI).
โข Supplier Relationship Management: Building strong relationships with suppliers, negotiating contracts, and ensuring timely delivery of goods.
โข Inventory Auditing and Reconciliation: Processes for conducting regular inventory audits, reconciling inventory records, and identifying discrepancies.
โข Seasonal Inventory Planning: Strategies for managing seasonal inventory, adjusting forecasts, and planning for promotional events.
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