Professional Certificate in AM Inventory Management Best Practices
-- ViewingNowThe 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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⢠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.
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