The Inventory & Stock Control Management Training Course for Managers covers a wide range of topics designed to provide a holistic understanding of inventory operations and best practices in stock control.

Fundamentals of Inventory & Stock Management

Overview of inventory management and its role in organizational success
Classification of inventory types: raw materials, WIP, finished goods, and MRO items
Key inventory management concepts: EOQ, lead time, and reorder points

Demand Forecasting and Stock Planning

Understanding demand patterns and seasonality
Techniques for accurate demand forecasting
Safety stock and buffer stock management for risk mitigation

Warehouse Operations and Stock Control

Warehouse layout optimization for efficiency and safety
Stock identification, labeling, and coding methods (FIFO, LIFO, FEFO)
Cycle counting, periodic audits, and minimizing stock discrepancies
Handling perishable, hazardous, or high-value inventory

Inventory Valuation and Cost Control

Methods of inventory valuation: FIFO, LIFO, and weighted average
Identifying carrying costs, ordering costs, and shortage costs
Techniques for reducing inventory costs without affecting service levels

Technology and Automation in Inventory Management

Role of ERP systems and inventory management software
Barcode, RFID, and automated data collection solutions
Real-time tracking and inventory analytics for decision-making

Performance Measurement and Continuous Improvement

Key Performance Indicators (KPIs) for inventory and stock control
Techniques for minimizing waste, shrinkage, and obsolescence
Aligning stock management with overall business strategies

By the end of this course, participants will have the tools and knowledge to design and implement efficient inventory and stock control systems that enhance operational performance and drive business growth.

Inventory & Stock Control Management Training Course for Managers in Abu Dhabi

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