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Course Description

The procurement process is laborious, costly, and time-consuming. Some inventory items hold more value and contribute more to profits than others. So how can you prioritize the items with the greatest overall impact on inventory cost? In this lesson, you will use ABC Analysis to distinguish the few most critical items in your inventory from the many trivial components that don't hold as much value. You will walk through the steps of the ABC Analysis to assign an A, B, or C value to inventory items. Using that categorization, you will begin to explore effective buying strategies that are best suited for each category.

Benefits to the Learner

  • Execute an ABC analysis to differentiate your inventory
  • Distinguish which items in your inventory are worth more time and resources
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Type
self-paced (non-instructor led)
Dates
Jun 11, 2022 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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