STORES MANAGEMENT & STOCK (INVENTORY) CONTROL

STUDY AND CAREER DEVELOPMENT   

All organisations, national and international, local and regional, need to have their stocks and inventory well managed, cared for and efficiently organized.  All company owners and executives know that their stores and inventory can represent a high proportion of the organisation’s assets and that without good inventory management the organization will suffer.  Therefore somebody with the training, skills and knowledge to manage inventory professionally – as provided by this Program – will be able to secure a good job and become a valuable member of the organisation.

SUMMARY OF MAJOR TOPICS COVERED INCLUDE:

• The stores function in an enterprise and its main activities.
• The need for efficient management of stores.
• The principles of management: recruiting, training, controlling, motivating stores personnel.
• Attributes and abilities looked for in stores/inventory staff.
• Health and safety, and accident prevention in stores, stockyards and warehouses.
• Staff and managerial responsibilities for safety; protective clothing, safety equipment.
• Storehouse buildings: factors regarding their location, design and layout.
• Considerations regarding floors, entrances and exits, and sub-stores.
• Planning in stores and stockyards, heating, ensuring efficiency of movement, stores maintenance.
• Stockyards: materials, location, design, layout, through flow, protection of stored items.
• Manual and powered stores equipment, materials handling, training of staff.
• Storage, measuring and general stores equipment.
• Facilitating orders and movement of stocks out of the stores.
• Order picking, packaging, avoiding damages, the use of pallets and racks.
• Protection of stock against loss and damage, causes of spoilage, how to overcome these problems.
• Storehouse and stockyard security, control over keys, prevention of theft and pilfering.
• Fire prevention, fire drills and fire-fighting equipment.
• Ordering stock items, documentation and planning.
• Stock items, inventory identification, codes, creating and understanding coding systems.
• Stock records: their contents and uses, importance of accuracy.
• Statistics and reports; the role and management of the stores office.
• Procedures for stock receipts and issues, coordination with other departments; packing, dispatch.
• Setting stock levels, reorder levels, factors in levels set; costs, ABC, EOQ, forecasting.
• Stocktaking: reasons and purposes, procedures, spot checks, stock valuation, inspections.
• Obsolete and obsolescent stock, disposal of unwanted goods.
• Data and documentation, data safety, computer systems and backups