Inventory chain management online course
Days Inventory Outstanding (DIO) is normally the metric associated with this area but because inventory can be a mixture of physical stock and subjective work in progress the metric has become outdated.
This course questions whether any organisation needs stock at all and delivers some of the solutions to holding stock, whilst recognising some pitfalls of such a policy. The financial supply chain in the inventory section is broken into two sections, one for stock and one for work in progress.
Price: £35 + VAT
What you will gain
This course will assist people in understanding how to make the processes more efficient with regard to stock and reduce system orientated issues regarding work in progress.
By the end of this course, you will have a greater understanding of:
- the way Just in Time (JIT) is one of several methods can enhance your cash flow
- why stock could become a liability
- how to manage work in progress and stock in a proactive manner
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