Inventory and Stock Control Management is critical in operations as inventory is a current asset to a firm. Carrying inventory comes with a certain degree of risk. This risk is a component of the cost of carrying an inventory. When a company stocks items in the warehouse, there is always the risk that the items may fall in real value during the period they are stored. If a company stored parts for their work centers or equipment, the parts in the warehouse could be worth far less than the price that was originally paid, and any losses, excess, obsolete, and mismanaged inventory means a reduction in the company equity.
This training course on Inventory and Stock Control Management focuses on the techniques when companies are looking to reduce warehousing costs in a sustainable way.
Day 1
Day 2
Key Components to Understanding Effective Inventory Control
Day 3
Inventory Mechanics, Methods, and Systems
Day 4
Establishing Stock Control
Day 5
Understanding Inventory Strategies
Inventory Improvements
