Objective: Learn how to manage inventory efficiently.
- Inventory Management Principles
- Stock levels and demand.
- Inventory Control Techniques
- FIFO, LIFO, FEFO
- Stock Replenishment Methods
- Reorder points and safety stock.
- Inventory Accuracy
- Cycle counting and stock audits.
- Inventory KPIs
- Turnover, shrinkage, accuracy
Activity: Perform inventory classification and control exercise
