On completion of this course, learners will be able to:
1. Use different methods of stock valuation to manage stocks and costs related to stocks
2. Recognise the need for forecasting in determining the right quantity
3. Apply different methods of reordering inventory
4. Recognize the need for safety stock and its impact on service level
5. Use stock classification and stock coding to monitor and control inventory levels and inventory costs
6. Recognise the different methods used to plan and control stocks in manufacturing organisations
7. Recognise the principles of warehouse or stores location and layout whilst applying proper stock flow, rotation and recording.
- Teacher: Brandon Greaves