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Imsimbi Training proudly presents

Stock Management – 1 DAY

 

Imsimbi Training is a fully accredited training provider with the Services Seta, number 2147, as well as a Level 2 Contributor BBBEE company.

 

This course is accredited by the Services Seta and material covers unit standards 13945 at NQF level 4 worth 2 credits.

 

COURSE OUTLINE

Upon completing this course, the learner should be able to:

Apply the management of stock and fixed assets in a business unit

  • Differentiate between fixed assets and stock in a business unit
    • The concepts of fixed assets and stock
    • The different fixed assets in a business unit
    • Stock in a business unit
    • Office stationery as stock
    • The problems that occur if there is insufficient stock
    • Problems if a business unit has too much stock

The influence that stock management can have on the profitability of a business

  • The need for stock control
  • Two different ways of managing stock
    • Pareto’s Law
    • Just In Time
  • The importance of quality, quantity, time, price and source in managing stock Internal control system to safeguard stock
    • Quality, quantity, time, price and source: Good storekeeping and materials handling
  • The rate of stock turnover for a business unit
  • Economic Ordering Quantity Model (EOQ)
  • Managing Office Stationery as “stock” in a business unit

The management of fixed assets in a business unit

  • The fixed assets in a business unit
  • The asset register for a business unit
  • The valuation of assets in a business unit
  • Reasons for depreciation

Apply the basic principles of stock and fixed asset management to a business unit

  • The risk associated with the management of stock in a business unit
  • The risk associated with the management of fixed assets in a business unit
  • Plan to minimise the risk associated with fixed assets in a business unit

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