Mastering Inventory Management
Mastering Inventory Management
Master inventory management to boost efficiency and accuracy in your business! Learn key concepts like inventory types, valuation methods (FIFO, LIFO, Weighted Average), stocktaking, and turnover ratios. You'll also explore Just-in-Time (JIT) systems and fraud prevention strategies. Ideal for business owners aiming to streamline inventory processes and improve financial control.
Course Curriculum
Introduction to the course
Introduction To The Course
Section 1. Introduction to Inventory Management
Lesson 1 - Introduction to Inventory Management
Section 2. Inventory Valuation and Costing
Lesson 2 - Inventory Valuation Methods
Lesson 3 - Inventory Costing vs. Market Value
Section 3. Inventory Tracking and Recordkeeping
Lesson 4 - Inventory Tracking and Recordkeeping
Lesson 5 - Inventory Write-downs and Obsolescence
Section 4. Stock Management Practices
Lesson 6 - Stocktaking Procedures
Lesson 7 - Inventory Turnover Ratios
Section 5. Advanced Inventory Management Strategies
Lesson 8 - Just-in-Time (JIT) Inventory Management
Lesson 9 - Inventory Fraud Risks and Controls
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