Stock Management

This course is accredited by the Services Seta and material covers unit standards 13945 at NQF level 4 worth 2 credits.

COURSE OUTLINE:

Upon completing the course, learner should be able to:

1. Apply the management of stock and fixed assets in a business unit

1 Differentiate between fixed assets and stock in a business unit

1.1 The concepts of fixed assets and stock

1.2 The different fixed assets in a business unit

1.3 Stock in a business unit

1.4 Office stationery as stock

1.5 The problems that occur if there is insufficient stock

1.6 Problems if a business unit has too much stock

2. The influence that stock management can have on the profitability of a business

2.1 The need for stock control

2.2 Two different ways of managing stock

-Pareto’s Law

-Just In Time

2.3 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

2.4 The rate of stock turnover for a business unit

2.5 Economic Ordering Quantity Model (EOQ)

2.6 Managing Office Stationery as “stock” in a business unit

3 .The management of fixed assets in a business unit

3.1 The fixed assets in a business unit

3.2 The asset register for a business unit

3.3 The valuation of assets in a business unit

3.4 Reasons for depreciation

4 .Apply the basic principles of stock and fixed asset management to a business unit

4.1 The risk associated with the management of stock in a business unit

4.2 The risk associated with the management of fixed assets in a business unit

4.3 Plan to minimise the risk associated with fixed assets in a business unit

Contact Details

Contact Person: 

Julius Matose

Need more info?: 

Contact: Imsimbi Training
Course Details

Unit Standard: 

13945

NQF Level: 

Level 4

Credits: 

2

Course Duration: 

1 Day

Cost: 

R2,550 (Excl. VAT)

Course fee Includes: 

Training Materials