Course description
Stock control, otherwise known as inventory control, is used to show how much stock you have at any one time and how you keep track of it. It applies to every item you use to produce a product or service, from raw materials to finished goods.
The purpose of stock control is to minimize stocks and the costs of holding stocks while ensuring that firms have sufficient stocks to meet customer needs. This proposition may sound simple, but it is complicated by fluctuations in demand; only some of which may be predictable.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
Effective Store Management and Stock Control training course, is ideal for :
- Warehouse management personnel.
- Stock control staff.
- Staff responsible for supply chain performance.
Outcome / Qualification etc.
Effective Store Management and Stock Control training course, benefits the organization in the following ways;
- Effectively manage warehouse operations.
- Achieve maximum performance in stores management.
- Apply advanced principles of supply chain management.
- Scientific stock control, it reduces losses due to accumulation of inventories.
- Efficient store issues, it reduces downtime in production and increases profit.
- Periodic reviews, it detects obsolete and non-moving items and helps the firm to get rid of unproductive inventory.
- Follow up with purchase; it helps to avoid stock-outs and the production losses.
- Paper records keeping, it provides an exact picture of inventory in-store to higher management.
Training Course Content
Day 1
Managing the Stores Operation
- Functions of a modern warehouse.
- Streamlining the flow of material.
- Utilizing warehouse management systems.
- Measuring warehouse performance.
- Effective utilization of bar coding.
- Employing the latest technology- radio frequency identification.
Day 2
Stock Identification and Recording Procedures
- Receipts and issues of stock
- Order quantities and rules
- Stocktaking and different types of stockholding
- Safety stock
- Obsolescence and write-offs - methods and procedures for disposal of surplus and unserviceable items
Day 3
Managing the stock Control Function
- Effective strategies for stock control.
- Utilizing consignment stock.
- Moving to supplier managed stock.
- Lessons from the Japanese-just in time stock.
- Reducing excess and obsolete stock.
- Measuring stock control performance.
Day 4
Advanced Supply Chain Management
- Creating a world-class supply chain.
- The importance of organizational structure.
- Building agility into the supply chain.
- Fostering adaptability in the supply chain.
- Measuring supply chain performance.
- Leading a supply chain turnaround.
Inventory Improvements and the Supply Chain
- The supply chain and the theory of constraints
- Supply chain process mapping
- Saw tooth curve
- Using the Economic Order Quantity (EOQ) graph to find improvements
- Inventory in the distribution network
Day 5
Motivating and Coaching Stores and stock Personnel
- Theories of motivation.
- The manager’s role in motivating people.
- Developing your coaching skills.
- Creating a positive work environment.
- Obtaining the benefits of delegation.
- Working with poor performers.
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...