Inventory Management: Types, Functions, Nature and Auditing
- 4.1
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Brief Introduction
The participants will learn the types of inventory, its functions, demand nature and inventory auditing methods.Description
The participants will be able to
Learn a unique way of defining inventory using the left-hand rule.
Master the types of inventory such as Raw Material, Work-In-Process, Finished Goods, MRO and Distribution Inventory.
Understand the inventory functions such as Safety Stock, Cycle Stock, Anticipation Inventory and Hedge Inventory.
Differentiate the Independent Demand from Dependent Demand.
The two method of Inventory Auditing such as Periodic and Perpetual.
Understand the inventory basics required for Certified in Production and Inventory Management (CPIM) and Certified Supply Chain Professional (CSCP) of APICS, USA and Certifications from Chartered Institute of Procurement and Supply (CIPS), UK.
Requirements
- Requirements
- NA
Venkadesh Narayanan
4.1 Raiting
Inventory Management: Types, Functions, Nature and Auditing
- 4.1
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The participants will learn the types of inventory, its functions, demand nature and inventory auditing methods. The participants will be able to...
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