Professional Certificate in AM Inventory Management Best Practices

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The 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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AboutThisCourse

Throughout this course, you will gain essential knowledge and skills in inventory strategy, demand forecasting, supply chain management, and data analysis. You will learn how to apply these best practices in real-world scenarios, making you a valuable asset in any AM or supply chain-focused role. By completing this course, you will be equipped with the necessary tools and strategies to advance your career in inventory management, providing you with a competitive edge in the job market and enabling you to make a significant impact in your organization.

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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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EntryRequirements

  • BasicUnderstandingSubject
  • ProficiencyEnglish
  • ComputerInternetAccess
  • BasicComputerSkills
  • DedicationCompleteCourse

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  • NotAccreditedRecognized
  • NotRegulatedAuthorized
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CourseFee

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FastTrack GBP £149
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AcceleratedLearningPath
  • ThreeFourHoursPerWeek
  • EarlyCertificateDelivery
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StandardMode GBP £99
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FlexibleLearningPace
  • TwoThreeHoursPerWeek
  • RegularCertificateDelivery
  • OpenEnrollmentStartAnytime
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  • DigitalCertificate
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PROFESSIONAL CERTIFICATE IN AM INVENTORY MANAGEMENT BEST PRACTICES
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UK School of Management (UKSM)
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05 May 2025
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