Stock Management Course

Course overview currently unavailable.

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

Course content currently unavailable.