Professional Certificate in AM Inventory Management Best Practices
-- viewing nowThe Professional Certificate in AM Inventory Management Best Practices course is a comprehensive program designed to enhance your skills in inventory management, with a focus on Asset Management (AM). This course is crucial in today's industry due to the increasing demand for professionals who can effectively manage and optimize inventory, thereby reducing costs and improving operational efficiency.
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Course Details
• Introduction to AM Inventory Management: Understanding the fundamentals of Asset Management (AM) Inventory Management, its importance, and benefits. • Types of Inventory: Distinguishing between various inventory types such as raw materials, work-in-progress, finished goods, and MRO (Maintenance, Repair, and Operations) supplies. • Inventory Management Techniques: Exploring methods like Just-In-Time (JIT), Economic Order Quantity (EOQ), and First-In-First-Out (FIFO) to optimize inventory levels. • Inventory Records and Systems: Learning about inventory record-keeping, barcodes, RFID, and other tracking systems. • Inventory Control: Managing inventory control policies, such as safety stock levels and reorder points. • Supplier Management: Developing strategies for supplier evaluation, selection, and relationship management. • Inventory Valuation: Understanding various inventory valuation methods like FIFO, LIFO, and weighted average. • Inventory Performance Metrics: Measuring inventory performance using metrics such as inventory turnover, stockout rate, and carrying cost. • AM Inventory Management Software: Familiarizing with software solutions for inventory management and their implementation.
Career Path
Entry Requirements
- Basic understanding of the subject matter
- Proficiency in English language
- Computer and internet access
- Basic computer skills
- Dedication to complete the course
No prior formal qualifications required. Course designed for accessibility.
Course Status
This course provides practical knowledge and skills for professional development. It is:
- Not accredited by a recognized body
- Not regulated by an authorized institution
- Complementary to formal qualifications
You'll receive a certificate of completion upon successfully finishing the course.
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