It is often Stocktake alone that is the focus in stock control; however inventory movement is constant in any organisation from cleaning materials, stationery, tea, coffee and milk to every raw material or packaging required. Consequently much can go wrong! To prevent losses it is imperative that each person in the organisation is aware of the potential loss that could occur and how to prevent it.
Read, Write & Understand English
Have an understanding of the concept of stock control
English
Course is facilitated by a competent subject matter trainer, who utilises a combination of the following techniques to ensure that the session is practical and experiential: Discussion; Role Play; Exercises & Case Studies; Videos/DVD’s; Games, Slide Shows & Written Questions.
1 Day
Module 1 | What does this mean? Purpose When does it Start? Buying Decision Making / Ordering Process: (Goods, Raw Materials, Services, Machinery/Assets) Processes including Waste Recording and Audits Paper Trail Stocktake (Plan, Train, Count, Audit, Record, Valuation) |
Module 2 | Why should stock be controlled? Types of Stock |
Module 3 | Where does it reflect on a Business Balance Sheet? Asset Loss |
Module 4 | What does this directly reflect on? Profitability Loss Control, Over/understock (Tax) “Sweat the asset” Stock turn |
Module 5 | Which role players are involved? Control Methods Access |
Module 6 | Warehousing Space Signage Layout Model stocks Access control Bin Cards Sheets LIFO/FIFO |
Module 7 | Recycling |