Cash and Inventory Management

This comprehensive course is designed to equip participants with the knowledge and skills necessary to effectively manage cash and inventory within their organizations. In today's fast-paced business environment, efficient cash and inventory management is crucial for ensuring the availability and optimal utilization of assets while meeting the needs of the business units. Throughout this intensive program, we will explore inventory principles, applications, and accounting systems, providing practical insights into inventory management activities.

Participants will learn how to track inventory schedules using automated information systems, record inventory movements, and update inventory control systems. Additionally, we will delve into cost analysis, pipeline inventory evaluation, and various techniques to minimize inventory levels. Moreover, the course will cover inventory control techniques, such as stock monitoring, optimization, and the establishment of optimum inventory levels through modeling and analysis. Lastly, participants will gain insights into managing the integration and consolidation of multiple interrelated inventory and procurement projects. 

• Apply inventory principles, applications, and accounting systems in inventory management activities.
• Ensure that assets are available and are effectively utilized, maintained, and managed to meet BU needs.
• Track inventory schedules by using automated information systems, record inventory movement, and update the inventory control system information.
• Determine total cost of inventory, analyze total inventory in pipeline and recommend ways to minimize level such as Just -IN- time techniques or other relevant methods.
• Monitor stock levels of supplies and materials and identify deviations in inventory movement.
• Apply inventory control techniques to optimize stock levels.
• Build models to set optimum inventory levels and determine re-order levels based on environmental factors.
• Manage the integration/consolidation of multiple interrelated inventory and procurement projects.