"You can't sell from an empty wagon" is a common saying that explains why having too much inventory is often seen as a good thing. It means the company won't run out of anything. But what about the products that have been sitting in the warehouse for a long time? Has anyone thought about how much it really costs to worry about running out of stock?
Supply Chain Management is about improving how suppliers, producers, and customers work together. It needs to be well organized to succeed in today's global economy. Products and services come from all over the world, and managing this can be complicated if not done properly.
Our Certified in Production and Inventory Management (CPIM)™ Certification also covers Inventory Management, as many companies have too much inventory.
With Supply Chain Management, your company and employees can save money, work more efficiently, and make customers happier. This E-course will teach your employees how Supply Chain Management can benefit almost any business.
Keeping too much inventory costs a lot more than occasionally not having something in stock. It's important to find a balance between having enough stock and selling it quickly. Good inventory managers know what sells well and plan when to reorder to avoid running out while keeping turnover high.
E-Course Duration: 20 to 25 Hours
