Inventory Management, Simplified Costing, Capital Budgeting and Cost Analysis Postgraduate Course

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Course description Duration:5 DaysThis Course is Designed For: Chartered Accountants; Certified Accountants; Licensed Accountants; Cost Accountants; Management Accountants; Organisational Decision-makers; Inventory Managers; Quality Managers; Pricing Specialists; Balanced Scorecard Specialists; Senior Managers; Product Managers; Operational Directors; Profit Centre Managers; Budget Specialists; Strategic Managers.Course Contents, Concepts and IssuesPart 1: Inventory Management and Safety Stock  Inventory Management in Retail Organizations; Costs Associated with Goods for Sale; Management of Inventory Costs; The First Step in Managing Goods for Sale; Basic EOQ Assumptions; EOQ Formula; Ordering and Carrying Costs Illustrated; Ordering Points; Ordering Points Illustrated; Inventory Management and Safety Stock; Safety Stock Computation Illustration.Part 2: Costing Methods Estimating Inventory-Related Relevant Costs; Carrying Costs; Opportunity Costs; Cost of a Prediction Error; Just-in-Time Purchasing; Relevant Costs in JIT Purchasing; Relationship between Carrying and Ordering Costs Illustrated; Analysis of Alternative Purchasing Policies Illustrated; JIT Purchasing and Supply-Chain Analysis; Supplier Evaluation Illustrated;