Stock Taking and Stock Reconciliation

Efficient stock control will ensure that capital is not tied up unnecessarily and can mean that the production process is protected when there are problems in the supply chain. This workshop will provide participants the best practice in stock taking and stock reconciliation.

CONTENT

Stock Control

- Stock storing cost

- Out of stock cost

- Just in time stock management

Stock Receiving

- Checking documentation

- Off loading

- Checking condition of stock before off loading

- Updating system

Stock Issuing

- Picking

- Checking

- Delivering

- Reconciling

Stock Taking

- Stock taking

- Documentation

- Stock counting and control

Stock Reconciliation

- Identification and classification

- Stock costing

- Stock reconciliation

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.