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ADVANCED STOCK MANAGEMENT
Category
BUSINESS
Subcategory
Finance & Accounting
Code
FIN045
Training Objectives
Enable participants to better manage the balance between needs and resources in order to avoid stock-outs and overstocking.
Training Program
Theme 1: Nature and importance of stocks
Theme 2: Basic information management: items and coding system
Theme 3: Stock control process
Theme 4: Stock analysis: ABC classification – 80/20 rule
Theme 5: Physical organization principles for warehouses
Theme 6: Warehouse management system
Theme 7: Various forecasting methods
Theme 8: Orlicky’s principles
Theme 9: Stock optimization – Wilson formula
Theme 10: How to avoid stock-outs: safety stocks
Theme 11: Various replenishment methods
Theme 12: Performance indicators
Theme 13: Implementation plan
