Cambridge
Academy
In London

Course Duration: Five Training Days

Course Language: Arabic or English

Include:

Scientific material with TAB

Workshops

Reception and farewell at the airport

Daily lunch

Introduction

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.

Effective Store Management and Stock Control training course looks at efficient management of the movement and storage of goods and material, including when to order and store goods to meet operational requirements, how to inspect and receive goods in order to have a balanced flow of stores, and managing stock recording, stock control, and stocktaking.

 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.

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.

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 Outline

unite1:

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.

unite2:

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

unite3:

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.

unite4:

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

unite5:

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.