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Homepage › Industry and Science Courses › Logistics and Transport Courses › Supply Chain Courses

Effective Stock Control

in Purchasing Management Services (England)

Classes Course

Place:

York

Price:

£635 + VAT

Duration:

3 Days

Start:

01/03/2009 other dates
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Course objectives:

To highlight the importance of effective stock control and its influence on working capital, cash flow and company profitability. To examine the theory behind the full range of stock control techniques available and the practical application of these techniques.

Purchasing Management Services

Established in 1977, PMS has over 30 years of top class training, is an internationally renowned training organisation specialising in the professional development of supply and materials management p...

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Course details

Type Course Duration 3 Days
Method / place Contact course provider Classes in York where
Suitability Personnel concerned with the control of stocks including stock controllers, buyers, stores managers, works managers and production controllers. Experience within the Stock Control Function is desirable
Course objectives To highlight the importance of effective stock control and its influence on working capital, cash flow and company profitability. To examine the theory behind the full range of stock control techniques available and the practical application of these techniques.
Price £635 + VAT
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Course programme

Effective Stock Control
Effective Stock Control
Course Content
Financial Considerations
The Effect of Stock Control on Working Capital / Cash Flow / Return on Investment / Liquidity and Company Profitability.

Coding and Classification
Review of Stocks / Characteristics / Available Classification Systems.

How Much To Order
Cost of Holding Stock / Cost of Ordering / Economic Order Quantity Theory / Effect of Discounts.

Forecasting Future Demands
Explosion Routines / Demand Patterns / Trends / Seasonal Effects / Moving Averages / Exponential Smoothing.

When to Order
Safety Stocks / Standard Deviations / Re-Order Level / Service Factor.

Computers
Applications / Alternative Systems / Benefits / Pitfalls / Programmable Calculators.

M.R.P.
Integrated Database / Netting / Ordering / Breakdown / Just-in-Time / Zero Defects.

Systems of Stock Control
Fixed Order Quantity Systems / Periodic Review Systems / ABC Analysis / Differential Stock Control / Consignment Stock / Lineside Bins / Kanban.

Stocktaking
Reasons / Periodic / Continuous / Treatment of Discrepancies.

Obsolete, Redundant and Surplus Stocks
Identification / Disposal.
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Venues and dates



Where York
When Start: 01/03/2009 Finish: 03/03/2009 See calendar
 
Where York
When Start: 07/06/2009 Finish: 09/06/2009 See calendar
 
Where York
When Start: 08/09/2009 Finish: 10/09/2009 See calendar
 
Where York
When Start: 22/11/2009 Finish: 24/11/2009 See calendar
 
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On Purchasing Management Services

Provider description
Established in 1977, PMS has over 30 years of top class training, is an internationally renowned training organisation specialising in the professional development of supply and materials management personnel. Our longevity and proven track record is substantiated by the number of leading organisations that use us, though we also regularly cater for small and medium size enterprises. Examples of our client base are shown on the Client list and include both private and public organisations across all business sectors.

We offer a range of top class courses dealing with the key elements essential to supply and materials management professionals.

Delegates are able to attend our open courses at York and interact with other supply professionals or we can provide in-company training based on our standard course content or bespoke training tailored to a client's specification.

We have provided in-company training for example to RS Components, JCB, BAE Systems, Polypipe Building Products, Black & Decker (Czech Republic), the RNLI, Arriva Trains (Northern), Network Rail, British American Tobacco (Russia), Philips and Water Services (Northern Ireland).

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