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Stock Taking, Valuation and Stock Recording

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On-Site / Training

Details

Participants will learn how the stock taking, Valuation and stock recording function affect and contributes to both the profitability and efficiency of an organization and the importance of controlling inventory. Participants are made to know the significant investment stock represents and the necessity for strict control and techniques for the efficient Stock taking, Valuation and stock recording are explained along with emphasis on practical issues such as security, stock accuracy, optimizing the use of space, reducing surplus and obsolete stock and stocktaking.

Outline

Stock Accuracy / Stock Recording

· Necessity for Accuracy

· Causes of Stock Errors

· Getting Stock Accuracy

· Receipts & Issues Procedures

· Data Collection, Capture, Transfer and Bar Coding.

 

Stores/Warehouse Planning and Design

· Layout Planning, Receipts and Issues

· Optimizing the Efficiency of the Storage Area

· Storage Equipment and Materials Handling Equipment.

 

Order Picking & Stock Issues

· Stock Retrieval

· Improving Speed & Accuracy

· Order Picking Methods

· Random & Combined Stock Location Systems.

 

Stocktaking

· Purpose

· Periodic Stocktaking or Cycle Stocktaking

· Treatment of Discrepancies

· Surplus, Obsolete and Redundant (‘SLOB’) Stock

· Reducing ‘SLOB’ Stock.

 

Measuring Performance in stock taking, Valuation and Stock recording

· Key Performance Indicators (KPI’s)

· What should be measured?

 

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.

 

Speaker/s

A distinguished team of facilitators who are eminently qualified professionals has been assembled to lead discussions in course of the workshop.

Special Offer

5% discount for 3-5 participants and 10% discount for 6 and above number of participants from the same organization for the same course.
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Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.

We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.

We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.

Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.

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