Managers in some companies do not often understand the link between good inventory management and the profitability of the businesses they operate. Inventory management starts with sound procurement decisions and ends with the final sale or disposal of stock. Managers must be able to distinguish between the most profitable products that significantly impact the bottom line and those that are slow-moving and tie up much needed cash. In today’s environment, poor inventory decisions can threaten the very survival of many businesses.
- Types of Inventory
- Inventory Techniques
- Inventory Processes – Incoming & Outgoing
- Inventory Best Practices
- Inventory Analysis
- Inventory Control
- Inventory Management Systems – Manual vs Software
- Expenses and Margins
- Customer Service Satisfaction & Handling Complaints fees Returns
The participant would be able to effectively use Inventory Best Practices to improve business efficiency and effectiveness and improve customer satisfaction.
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