Executive Development Programme in Stock Control for Managers
-- ViewingNowThe Executive Development Programme in Stock Control for Managers is a certificate course designed to enhance the skills of professionals in inventory management. This programme emphasizes the importance of effective stock control in organizational success, particularly in reducing costs and improving efficiency.
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โข Introduction to Stock Control: Understanding the fundamentals of inventory management, stock control policies, and the role of a manager in implementing effective stock control strategies.
โข Types of Stock: Classifying different types of inventory (e.g., raw materials, work-in-progress, finished goods, and MRO items), their specific stock control requirements, and best practices for managing each.
โข Inventory Valuation Methods: Exploring various inventory valuation techniques (e.g., FIFO, LIFO, and weighted average) and their impact on financial statements.
โข Demand Forecasting: Applying statistical methods and techniques to predict future demand, enabling accurate inventory planning.
โข Safety Stock Management: Determining optimal safety stock levels, understanding the importance of buffer stocks, and implementing strategies to minimize stockouts.
โข ABC Analysis: Implementing the ABC analysis method to categorize inventory items based on their importance, enabling targeted stock control efforts.
โข Inventory Cost Reduction: Identifying and implementing cost reduction strategies, such as reducing lead times, improving order quantities, and minimizing handling costs.
โข Supplier Relationship Management: Building and maintaining strong relationships with suppliers, including negotiating contracts and evaluating supplier performance.
โข Technology in Stock Control: Leveraging inventory management software and tools to automate and streamline stock control processes, enhance data accuracy, and support decision-making.
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