Strategic Stores and Inventory Management

Course Overview:

• The management of stock items is an essential component to the running of every profitable and efficient organisation.
• Stocks represent a large percentage of the organisation's working capital and its effective management will result in elimination of waste and eventually result in high profitability to the organisation.

Course Objectives:
Participants will at the end of the Training, be able to:

• Learn how, where and when to order and store goods so as to meet operational requirements.
• Efficiently inspect, receive and issue goods, in order to make available a balanced flow of stores.
• Keep up with the modern techniques of stock recording, stock control and stocktaking.
• Understand how to manage reverse logistics.
• Health and safety issues in stores
• Value Addition in Stores

Course Content

• Strategic issues in stores and inventory management
• Development of stores management objectives, policies and procedures
• The concept of customer service levels
• Inventory analysis in stores management
• Determination of stock levels and economic order quantities
• Stock taking procedures Accounting for stocks using different valuation methods
• Financial implications of stores and inventory management
• Understand how to manage reverse logistics.
• Health and safety issues in stores
• Value Addition in Stores

At your request we can also design and run customised programmes at your workplace and any location of your choice.