Includes;

• The importance of effective stock control

• The role of stock controller

• Planning procurement strategy

• Managing stock - Supply & demand

• Product segmentation & identifying core range

• Setting stock levels

• Calculating stock days & average costs

• Working out the cost of holding stock

• Ways to reduce slow & non- moving stock

• Making a profit - Setting selling prices

• Negotiating skills

• Communication

• Basic principles of merchandising

• Reducing shrink

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Students on this course will gain a solid understanding of the "what, why & how" of  efficient stock control.

 

The course will not only provide clarity on some of the terminology surrounding the role of stock controller, but also explore ways to improve cash flow and reduce working capital.

 

Delegates will come away with a clear understanding of the effects of both over and under stocking, and how stock affects profitability and cash flow

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The course also includes inter-active sessions on negotiating from a position, and how to neutralise manipulative negotiation tactics

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The course is ideally suited to Stock Controllers, Assistant Managers, Branch Managers and anyone with an interest in procurement.

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Learning Format: Classroom based or Webinar

Duration: 1 - 2 day options