Shortages in raw material inputs can result in costly production delays, risking sales. It is an intermediate step in a process that begins with the procurement of raw materials and transporting them to manufacturing facilities finished products are then stored (or “warehoused”) as inventory until logistics networks deliver them to end users and consumers.īecause it sits in the middle of the supply chain, inventory and warehouse management requires close attention to both supply and demand sides of the business. Inventory is a key part of the broader area of supply chain management, which is the entire system of moving products from suppliers to end-users and consumers.
Because these goods and materials represent major drivers of business costs as well as revenues, the timely and cost-effective management of inventory is very important to the ultimate profitability of any business that sells physical goods. Just share your details and we will reach out to you for a FREE session.Inventory refers to the stock of finished goods a company sells, as well as the raw materials it has on hand to produce them. In order to be eligible for entrance, scholarship, or graduation awards, a student must be enrolled at a minimum of 60 percent of the course load 40 percent for students with approved permanent disability status 12 credits minimum per term for graduation.įor more information on this course, you can get in touch with Manya Education for a detailed discussion and understanding of requirements. Students will be notified of results in the fall of their second year of study. Read moreīCIT scholarships are awarded to students who achieved the highest average in the first year of their program while maintaining a course load of 100 percent. In order to be eligible for entrance, scholarship, or graduation a. Graduates have the opportunity to continue their studies to complete a master's degree or to enter the workforce in a managerial role.īCIT Business Administration students learn to: Build a business case using research, Manage budgets, resources, and operations, Develop new products and services, Lead teams and manage employees, Analyze internal and external environmental business factors and Use quantitative and qualitative processes to make business decisions.īCIT scholarships are awarded to students who achieved the highest average in the first year of their program while maintaining a course load of 100 percent.
You will gain practical business skills at a master's level that can be applied across multiple industries. With the BCIT Graduate Certificate in Business Administration, you can start your MBA at BCIT and complete your master's degree at a reputable institution abroad.
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