Inventory Management in Retail Operations
( 25 Modules )

Module #1
Introduction to Inventory Management
Overview of inventory management, its importance in retail operations, and key concepts

Module #2
Inventory Management Objectives
Understanding inventory management goals, including maximizing profitability, minimizing stockouts, and optimizing inventory levels

Module #3
Types of Inventory
Classification of inventory, including raw materials, work-in-progress, finished goods, and merchandise

Module #4
Inventory Costs
Understanding the different types of costs associated with inventory, including holding costs, ordering costs, and shortage costs

Module #5
Inventory Management Techniques
Overview of popular inventory management techniques, including Just-In-Time (JIT), Vendor-Managed Inventory (VMI), and Drop Shipping

Module #6
ABC Analysis
Classifying inventory items based on their importance and value, using the ABC Analysis framework

Module #7
Inventory Forecasting
Introduction to inventory forecasting, including techniques for predicting demand and managing uncertainty

Module #8
Inventory Control Systems
Overview of inventory control systems, including manual and automated systems

Module #9
Stock Counting and Cycle Counting
Conducting physical inventory counts and cycle counts to ensure accuracy and identify discrepancies

Module #10
Inventory Management Software
Exploring inventory management software solutions, including features and benefits

Module #11
Supplier Management
Building relationships with suppliers, negotiating prices, and managing inventory from vendor partners

Module #12
Warehouse Management
Optimizing warehouse operations, including layout, storage, and picking strategies

Module #13
Inventory Optimization
Using data analysis and mathematical models to optimize inventory levels and reduce waste

Module #14
Stockout and Overstock Management
Managing stockouts and overstock situations, including strategies for replenishment and markdowns

Module #15
Inventory Risk Management
Identifying and mitigating risks associated with inventory management, including supply chain disruptions and product Obsolescence

Module #16
Inventory Analytics
Using data analytics to gain insights into inventory performance and inform decision-making

Module #17
Inventory Reporting and Metrics
Defining and tracking key performance indicators (KPIs) for inventory management, including inventory turnover and fill rates

Module #18
Inventory Management in Omnichannel Retailing
Managing inventory across multiple sales channels, including e-commerce, brick-and-mortar, and mobile commerce

Module #19
Inventory Management for Seasonal Products
Managing inventory for seasonal or fashion products, including strategies for managing peak demand and clearance sales

Module #20
Inventory Management for Perishable Products
Managing inventory for perishable products, including strategies for managing shelf life and expiration dates

Module #21
Inventory Management for Global Supply Chains
Managing inventory across international borders, including strategies for managing tariffs, customs, and logistics

Module #22
Best Practices for Inventory Management
Implementing best practices for inventory management, including continuous improvement and employee training

Module #23
Common Inventory Management Mistakes
Avoiding common mistakes in inventory management, including poor forecasting and inadequate reporting

Module #24
Inventory Management Case Studies
Real-world examples of successful inventory management strategies and implementations

Module #25
Course Wrap-Up & Conclusion
Planning next steps in Inventory Management in Retail Operations career

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Inventory Management in Retail Operations ( 25 Modules )

Inventory Management in Retail Operations
( 25 Modules )