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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.
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.