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Stock Management
The Stock Management course provides students with the knowledge and skills to efficiently manage inventory and stock within a business setting. The course focuses on ensuring optimal stock levels, minimizing waste, and improving overall supply chain operations.
Key areas covered include:
- Inventory Control: Understanding different inventory management techniques, such as Just-in-Time (JIT), First-In-First-Out (FIFO), and Last-In-First-Out (LIFO) to ensure accurate stock levels.
- Stock Monitoring: Learning how to track inventory movement, conduct stock audits, and manage stock levels using manual or automated systems.
- Demand Forecasting: Gaining skills in predicting stock needs based on historical data, market trends, and sales patterns to avoid stockouts or overstocking.
- Supply Chain Management: Exploring the relationship between suppliers, storage, and distribution, and how to streamline processes for efficiency and cost savings.
- Warehouse Management: Understanding how to organize and manage warehouse operations, including layout planning, stock placement, and safety procedures.
By the end of the course, students will be able to manage stock levels effectively, reduce costs associated with excess or insufficient stock, and support smooth business operations. This course is ideal for warehouse managers, inventory specialists, and business owners looking to improve their stock control processes.