Effective Store Management and Stock Control
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Effective Store Management and Stock Control Course
Introduction:
Stock control, also referred to as inventory control, is the process of managing and tracking the quantity of stock available at any given time. It encompasses all items used in the production of goods or provision of services, ranging from raw materials to finished products.
The primary objective of stock control is to minimize stock levels and associated costs, while ensuring that the organization maintains sufficient inventory to meet customer demands. While this may seem straightforward, it becomes complex due to fluctuations in demand, some of which can be predicted while others cannot.
Course Objectives:
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.
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.
Course Outlines:
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.
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
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.
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
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.