Stores management and stock control pdf
Stores management and stock controlWhat is inventory control? At first glance, inventory control and inventory management seem similar. Although these two terms are often used interchangeably, they actually deal with different aspects of inventory optimization. Inventory control involves warehouse management. This includes:. The goal of inventory control procedures is to maximize profits with minimum inventory investment, without impacting customer satisfaction levels.
Inventory planning and control Interview Questions And Answers
Stock control and inventory
If you are student or Lecturer in business management courses at diploma and degree you will find these materials very useful in your career. You can have a copy of the specially prepared notes and sample revision questions. Please contact me. This Course provides an overview of the storage and supply of materials, from the elementary principles and simplest methods to the most sophisticated automated operations. This course deals with provision of materials for all kinds of organizations — industrial, trading and service enterprises.
Stock control, otherwise known as inventory control , is used to show how much stock you have at any one time, and how you keep track of it. It applies to every item you use to produce a product or service, from raw materials to finished goods. It covers stock at every stage of the production process, from purchase and delivery to using and re-ordering the stock. Efficient stock control allows you to have the right amount of stock in the right place at the right time. It ensures that capital is not tied up unnecessarily, and protects production if problems arise with the supply chain. This guide explains different stock control methods, shows you how to set one up and tells you where to find more information.
Identification of Materials
All organisations, national and international, local and regional, need to have their stocks and inventory well managed, cared for and efficiently organised. Therefore somebody with the training, skills and knowledge to manage inventory professionally - as provided by this Program - will be able to secure a good job and become a valuable member of the organisation. Related, wider and higher studies are offered by CIC in purchasing, logistics and supply chain management and administration, and related subjects, and provide routes to studies in related and similar areas of study. You are welcome to ask the College for advice, and of course you can see details of these Programmes on this website. The Study Period is one year 12 months but this is flexible; the Diploma can be completed in a shorter period, or you can take longer if necessary.