Stock and Fixed Asset Management

There is a significant cost to carrying excess stock, which is often misunderstood or simply mismanaged.

Effective stock and asset management will have a very direct and positive effect on cash flow and profitability.

 WHO SHOULD ATTEND

• All supply chain staff
• Business owners
• Non-financial managers

  HOW YOU WILL BENEFIT

• Differentiate between the different types of assets within the business unit
• Gain insight into how to maintain a balance between too much and too little stock
• Identify which type of stock is prone to theft and how to put systems in place to minimise this
• Understand how effective stock management impacts the profitability and returns
• Implement an inventory management system
• Calculate stock turn and its impact on your bottom line
• Assess the value of assets and calculate depreciation correctly
• Develop a Risk Management programme appropriate for your business

 WHAT WILL BE COVERED

• Differentiating between fixed assets and stock in a business unit
• Principles of stock and fixed asset management
• Identifying problems arising from too little or too much stock
• Why stock control is so critical
• Risks associated with stock management
• The importance of quality, quantity, time, price and source in managing stock
• Calculating stock turn for a business unit
• Asset registers, valuation of assets and principles of depreciation
• Risks associated with fixed asset management and how to minimise them

 You can view all our courses HERE