Computerized Inventory Policy and Management

Name: Computerized Inventory Policy and Management
Brand: Educa PHAROS
SKU: AFO018221
Availability: InStock

Industry-Specific

Digital Skills

Other Sectors

Duration

40 hours

PRESENTATION

Training in Computerized Inventory Policy and Management is a comprehensive and essential training program designed to provide participants with in-depth, practical knowledge about the effective management of inventories and stock levels in the contemporary business environment. Inventory management plays a critical role in the success of any company, as it directly influences the customer satisfaction, operating costs, and profitability. This training covers all the essential aspects of inventory management, from the basics to the implementation of advanced IT systems.

Objectives

Understanding the key principles of the inventory management and its importance in business operations.
Develop calculation skills inventory levels, manage orders, and conduct inventory counts.
Become familiar with the costs related to supply and storage.
Mastering the computerized management inventory management and its practical application.

Syllabus

TEACHING UNIT 1. INVENTORY MANAGEMENT 1. Objectives of inventory management. 2. Types of inventory. 3. Types of warehouse replenishment. 4. Calculating inventory levels. 5. Basic parameters. 6. Forecasted demand. 7. Order management. 8. Inventory valuation. 9. Warehouse reports. 10. Warehouse accounting. 11. Reports and forms. 12. Key factors in inventory management. TEACHING UNIT 2. COSTS 1. Procurement costs. 2. Storage costs. TEACHING UNIT 3. INVENTORIES 1. Concept and types of inventories. 2. Conducting inventories: methods and documents. 3. Inventory Valuation. TEACHING UNIT 4. PROCUREMENT FACTORS 1. Factors to Consider in Inventory Management. 2. Cost Representation. 3. Wilson’s Model: Economic Order Quantity and Minimum Total Cost. 4. Inventory Management with Stockouts. 5. Cost Function for Uniform Replenishment. 6. Issues in Inventory Management. TEACHING UNIT 5. INVENTORY MANAGEMENT SYSTEMS 1. Time-Based Scheduling for Instant Replenishment. 2. Replenishment by level and reorder point. 3. Economic order quantity system. 4. Uniform replenishment system. 5. Values to be determined for controlling inventory in a warehouse. 6. Graphical representation of inventory management. 7. Ratios for inventory control. 8. Information Technology in Inventory Management. TEACHING UNIT 6. COMPUTERIZED MANAGEMENT 1. The Need for Management. 2. Accounting Requirements. 3. Planning. 4. Challenges: Time/Labor. 5. Management Information Systems. 6. Examples of computerized management and planning. TEACHING UNIT 7. MASTER FILES. 1. Internal. 2. External. TEACHING UNIT 8. FORECASTING AND PLANNING 1. Purchasing, sales, and inventory statistics. 2. Planning budgets. 3. Financial and commercial ratios. 4. Cost analysis. 5. Financial feasibility.

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Are the Educa PHAROS courses eligible for credit?

Many courses can be credited toward the master's programs at Structuralia.

Facts about our area

+ 1.483

Hours

+88.999

Minutes

264

Courses

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Why is Educa PHAROS the best solution?

Educa PHAROS is a next-generation training model that places a company’s human capital at the forefront. Through a platform that adapts to each company’s corporate identity and offers a total of more than 900 courses, it provides tailored training for each organization. The unlimited flat-rate plan provides each company with the number of courses that best suits its needs, as well as the ability to determine which employees will have access.