After completing this learning module, learners will be able to name and affect the ways inventory can affect their social enterprise's bottom line.
To help achieve this learning goal, learners will…
Understand and be able to explain the following key points…
The purpose for carrying inventory
Key inventory indicators
Inventory carrying costs
What are SKUs
Types of inventory
Be able to use the following skills, tools, processes, procedures…
Work with suppliers to optimize your investment
The benefits of standardization
Quantity discounts – are they worth it
Actually do the following tasks…
Measure you inventory turn over rate
Calculate when you should make the items or buy the items
Conduct an ABC analysis
Conduct a daily cycle count
Set a reorder point
By completing/passing this course, you will attain the certificate Course Completion Badge
Last Updated: February 15, 2019
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