Almost all organizations have stocks of one kind or another. Clearly any organization that can achieve the right levels of stock will reduce their costs and thereby increase profits. In order to do this organizations need to forecast how much stock is required and must also carry safety stocks to ensure no stock outs. As some stock are more important than others, the use of stock classification systems assist in determining priorities. Although not all organizations are in the manufacturing sector, almost all buyers will at some point purchase from manufacturers and so understanding inventory management from a manufacturing perspective is important. Once stock is purchased, it must be stored and managed utilizing a number of principles to ensure stocks are received, stored, issued and accounted for throughout the Inventory Life Cycle.
Participants in this five (5)-module course will learn the purpose of maintaining inventory, approaches to determine appropriate levels, and methods of physical control.
Inventory Managers, Inventory Supervisors, Inventory Clerks, Buyers, Warehouse personnel, MRO stores Personnel
Related Procurement and Supply programmes:
- 18 Contact Hours
- Champs Fleurs, San Fernando, Trincity
- All information is subject to change.
- It is advisable to confirm all information before registering.
- Registration for all Corporate Training Courses can be done at any of our four (4) campus locations.
- Payment of fees can be made by linx, credit card or cheque as SBCS implemented a CASH FREE policy.
- An administration fee of one hundred and fifty dollars ($150.00) is payable on all registrations except Seminars. There is no administration fee in respect to Seminars.
- A late fee of twenty five dollars ($25.00) will apply on registrations within one (1) week of commencement of class.
- A Certificate of Participation is awarded to each participant upon satisfying one hundred percent (100%) attendance of classes and/or any exam or course work assigned by the lecturer.