Solving the Problems of the Non-Moving Stock

To provide participants with the required knowledge and skills which enables them to deal with non-moving stock problems effectively?

CONTENT

Stock and Storage Definition and Importance

Cost of Handling Stock
Investment Cost

Carrying Cost

Methods of Stock Control

Quantity Method

Value Method

Stock-taking Method

Stock Turnover Method

Reasons of Creating Non-Moving Stock

Not to buy accurately

Non-Availability of Adequate Handling System

How to Avoid Non-Moving Stock

To buy accurately

Availability of Adequate Handling System

How to get Rid of Non-Moving Stock

To be used within the organization

To be sold

To give to others as gift

FOR WHOM:

Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.