The objective of inventory management is to ensure a continuous supply of materials for production and operations. Given that inventory often represents a significant portion of a company's current assets, inventory-related issues can lead to substantial financial losses. This Coventry Academy training course explores the intricacies of inventory control, a subset of inventory management focused on minimizing total inventory costs while maximizing timely product availability for customers. Despite its critical importance, inventory management is frequently misunderstood, and managers often overlook the direct impact it has on overall business performance.
By the end of this Coventry Academy training course, participants will be able to:
This Coventry Academy training course is suitable to a wide range of professionals but will greatly benefit:
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