INVENTORY AND STORE MANAGEMENT

Introduction

Stock control procedure and system as well as the store administrative functions will indefinitely affect the economy of an organization. This program highlights the importance of managing the stores effectively.

Course Duration

2 Days.

Objectives

• Develop skills in the field of control for various functions and responsibilities in the stores organization.
• Further understand the activities and operations of an efficient store.
• Learn the different techniques used to control stock while maintaining a high standard of safety and hygiene in the store.

Who Should Attend

Inventory Controllers, Store Managers and Officers who are interested to
acquire knowledge and skills in controlling the store activities and operations, will find te program useful and beneficial.

Encik Ahmad Saffian currently runs his own consultancy firm. A member of the Chartered Institute of Purchasing & Supply, he also lectures for the Malaysian Institute of Purchasing & Materials Management's Joint Certificate Program with the Chartered Institute of Purchasing & Supply, U.K. He has conducted a series of in-house programs for several multinationals including a long term stint in training staff of Petronas in Stores, Purchasing & Material Management. He also heads the professional team in reviewing and rewriting Pertonas Carigali Sdn Bhd's purchasing and materials management policies and procedures.

Contents

Stock Functions & Organization

Stock Identification & Vocabulary

• Types of Stock
  
• Advantages of an identification system

Stock Control & Administration

• Assessment of items to be held in stock
  
• Significance of acquisition cost

Provisioning of Establishment & Authorized Holdings

• Requisition stage
  
• Preparations and issuing stage
  
• Documentation stage

Procedure Involving the Receiving of Materials from Suppliers

Principles & Procedures of Stocktaking

• Stocktaking instructions
  
• Stocktaking arrangements
  
• Treatment of discrepancies

Physical Aspects of Storekeeping

• Store layout
  
• Importance of suitable building

Some Special Types of Stock

Assessing the Performance & Efficiency in the Stores Department

• Methods of evaluation
  
• Survey methods of evaluation