Stock, Inventory, Demand, Chain Management Course

Significance of the module on Stock, Inventory, and demand chain management for the Bagicha Channel Partners.

• Its simplicity to unravel the meaning of stock and inventory to even a common person with no management degree.
• The importance of stock on a given day of the month, opening stock, closing stock, goods sold, goods returned, and the relationship between them.
• FIFO: What comes first in stock goes out first
• Importance of using FIFO in inventory value calculation
• Demand chain management: how much to stock, when to order and how much to order, the delivery time of the goods, receiving of goods documentation
• Types of payment terms in retail business and benefits of each payment type
• Forecasting demand(sales) in an area
• Size of the sales team to manage sales
• Frequency of placing order