Inventory Control - Mastering The Essentials For Beginners

What you'll learn
Identified inventory management challenges
Recognized inefficient inventory practices
Understand inventory's impact on cash flow
Applied ABC classification using the 80/20 rule
Developed category-specific strategies
Understand the roles and types of inventory
Apply modern inventory management methods such as JIT, EOQ, and ABC
Leverage technology to automate and streamline inventory control
Utilize metrics to measure efficiency (GMROI and Turnover)
Requirements
No prior experience needed.
Description
Transform your inventory management with practical, proven strategies that boost your bottom line! This course equips small business owners with simple yet powerful techniques to classify inventory, analyze turnover, and calculate optimal stock levels-all without complex spreadsheets or expensive software.This comprehensive course empowers business leaders, managers, and entrepreneurs to take complete control of their inventory operations and transform them into engines of profitability. Participants will explore the core principles of inventory management, from identifying inefficiencies and minimizing waste to optimizing turnover and maintaining financial health. Through practical lessons and real-world examples, the course guides learners in applying proven strategies such as ABC classification and the 80/20 rule to prioritize high-impact inventory categories and streamline decision-making.Learners will also examine the critical relationship between inventory and cash flow, discovering how to balance stock levels to maximize liquidity and customer satisfaction. Each module builds on the last, leading participants through data-driven methods for forecasting, categorizing, and developing category-specific strategies tailored to their unique business needs.By the end of this course, participants will have a clear understanding of how to transform stagnant stock into strategic assets, leverage technology for visibility and accuracy, and implement preventive measures that keep operations running smoothly. Your Inventory Journey equips you with the confidence, tools, and mindset to lead inventory operations that drive growth, sustainability, and long-term success.
Small businesses,Young adults looking for a career move
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