Business Inventory Control
What you'll learn
- Learn inventory control concept
- Learn component of inventory control
- Inventory audits and cycle counts
- Factors leading to inventory inefficiencies
- Operational challenges in inventory management
- Lean about inventory health
- Inventory turnover as indicator of inventory health
- Good inventory control practices
- No requirements
Inventory control is very important part of organization role in ensuring that their inventory is controlled and management successfully in their business operations, the need for successful inventory control is very important for the health of the business. It is very important for companies to deeply understand the inventory control and management concept, and understand why and when to avoid holding inventories in the organization.
Good companies are very serious with their inventory control systems, any companies that want to be a market leader cannot joke with their inventory control and management systems because a lot of the firms don't take serious control about their inventory and its affect them in the long around, it better for management to see inventory issues as a very important one and management it a such.
We all must understand the components that constitute the inventory control such as ordering cost and carry cost that play a very significant role in the organisation and their inventory cost. Firms must also understand the inventory control audits and cycles counts to ensure a very good and successful inventory.
Having a good inventory health in the firm is very important, some of the key factors to be considered to avoid inventory mismatch such as system issues, system discipline etc.
Who this course is for:
- everybody, students, entrepreneurs, business people, managers, companies, marketers, researchers,consultants,business moguls etc
My education is centered on business and marketing, I have studied with Chartered Institute of Marketing ( C.I.M-UK) from certificate in marketing, advance certificate in marketing to post graduate diploma in marketing. I proceeded to do master of business administration from central university graduate business school.
I have eighteen years of practical working experience with reputable organisations. The names of these previous organisations I have worked with are Central university Lecturer, Platinum Impex limited, Regional sales/marketing officer, sales/marketing executive, Laine Services Limited. Strict marketing research services chief executive officer/consultant,etc. Iam currently self employed, working as chief executive officer/ consultant of Strict Consult.
I believe in ardent entrepreneurship and always prepare to help business start-up voluntary. In this twenty first century, the customer is king, and every business or student need to understand the customer centric regime. you need the right education and training to understand the customer and deliver to his satisfaction. If you satisfy the customer consistently he will pay your organisation with his loyalty.