Very good course and would highly recommend. Will send others from my organisation. Michael Plant | Ungerer Ltd | Effective Stock Control

Effective Stock Control

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A two day course

Intended for personnel concerned with the control of stocks in retail, manufacturing, distribution or service environments. Material planners, analysts, buyers, production controllers, stores and warehouse personnel and manufacturing managers, will all benefit from the content of this course.

Some experience within the stock control function is desirable but not essential.

Outcomes

To demonstrate the importance of effective stock control to any business and its influence on service levels, working capital, cash flow, liquidity, efficiency, and profitability. To examine in depth the theories behind the wide range of stock control techniques available and their practical application in the workplace.

To provide a better understanding and appreciation of stock control computer systems (MRP/ERP) and the way in which data is processed. Equally provide an insight into how stock control formulae work and the benefits of adjusting them to suit your organisation. Attendees will be provided with an MS Excel spreadsheet containing the formulas, calculations and worked examples upon completion of the course. Expertise in Excel is not necessary.

Please see course overview below or click 'Download Course Details' for a PDF of full course information.

Fee | £695.00 + VAT

Fee includes all tuition, comprehensive course notes and information hand-outs, morning and afternoon refreshments and lunch.

Dates | Two day course

Next course :

Wednesday 27th and Thursday 28th February 2019

Venue:

Doncaster Racecourse Exhibition and Conference Centre, Leger Way, Doncaster DN2 6BB

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Course Overview

Basic Prerequisites : Security, Accurate Stock Records and Effective Stock Control

Financial Considerations : Impact of Good Stock Control, Cash Flow, KPI's, Stock Turn

Stockholding Costs : Evaluating, Controlling and Reducing

When to Order : Re-Order Levels, Safety Stock

How Much To Order : Economic Order Quantity, EOQ Formula

Forecasting Future Demands : Variations and Ratios, Exponential Smoothing

Stock Control Systems : Quantity & Time Systems, MRP, Min-Max

MRP/ERP

Stocktaking : Methods and Choices

Surplus, Obsolete and Redundant Stocks : Dealing with 'SLOB' stocks

We provide training to large, medium and small organisations in both the public and private sector.

  • BAE Systems
  • Everest
  • Eurotunnel
  • Nestle
  • Met Office
  • Mitsubishi
  • Quorn
  • Toyota
  • Unipart Rail
  • Virgin Trains
  • Sony