An entity’s success can be greatly affected by the efficiency of its stores operations; efficient stores management can save money, help retain customers and maintain continuous operations; but stores mismanagement can lose an enterprise money, customers and production. A stores manager must be able to manage stores, stockyards and inventory; and plan, organize and coordinate inventory work; and train, supervise and control stores personnel. This course was designed to enhance skills and competence of store managers and those whose responsibility of controlling it for how to carry our stores management and stock control tasks effectively and professionally
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
Min-Max Planning
Min-Max Planning Report Parameter Options
How Min-Max Planning Replenishment Quantities Are Calculated
How Rounding the Reorder Quantity Affects Min-Max Planning Reorder Calculations
How Specifying the Fixed Lot Multiple Affects Min-Max Planning Reorder Calculations
Set Up Min-Max Planning
Min-Max Sourcing Types
Calculate the Min-Max Quantities of an Item Automatically
Example of Min-Max Planning with Process Manufacturing and Co-Products
Min-Max Movement Request Process Flow
FAQs for Inventory Replenishment
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.
Data and documentation, data safety, computer systems and backups.
Data and documentation, data safety, computer systems and backups.
Cost of Inventories
Costs of Purchase
Costs of Conversion
Exclusions from the Cost of Inventories
Cost Formulas
Techniques for the Measurement of Cost
Net Realizable Value
Valuation of inventory methodology.
Plan stores and stockyard, heating for ensuring efficiency of movement stores maintenance
Understand how better visibility of inventory and demand can reduce total inventory
Understand how inventory management works with other functional groups in a company
Explain the key roles and responsibilities for managing inventory at distribution center (DCs)
Understand how better visibility of inventory and demand can reduce total inventory
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