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• Essential calculations (EOQ) Economic Order Quantity
Course Content
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• Inventory importance as part of the balance sheet
• Inventory responsibilities and management
• Inventory categories and types
• Determining inventory levels
• Essential calculations (EOQ) Economic Order Quantity
• The 80/20 rule (ABC analysis)
• Inventory management, safety and cost reduction
• Ways of handling the idle inventory
• Methods of calculating the inventory
• Prevention concept of controlling the inventory
Inventory Control and Costing
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