Date : 26 November 2026 - 26 November 2026
Venue : Online
Description :
OVERVIEW
Stock/Inventory is an idle stock of physical goods or materials that contain economic value, and are held in various forms by an organization in its custody awaiting packing, processing, transformation, use or sale in a future point of time. Inventory management is the practice of controlling the flow of goods and materials through a business. The goal of inventory management is to ensure there’s always enough stock available to fulfil customer orders while minimising the risks and costs of holding inventory. Successful inventory management oversees the entire movement of goods, from purchasing right through to sale. Effective control measures and regular inventory audits ensure you always have the right quantities of items in the right place ready to meet demand. This course is suitable for staff of all grades that require knowledge and skills in Inventory Control and Management.
OBJECTIVES
- Understand the use of inventory throughout the supply chain
- Plan, design and manage overall warehouse operation.
- Compute the optimum ordering quantity and determine safety stocks and reorder points
- Schedule stock counts, improve inventory record accuracy, and find ways to reduce inventories
- Identify techniques to reduce inventory cost
COURSE OUTLINE
Module 1: Inventory & Storage management
1.1 Objectives of Inventory Management
1.2 The importance of Inventory Management
1.3 Effective Store/Warehouse Operations
Module 2: Inventory Control
2.1 Inventory movement operations
2.2 Carrying Cost, FIFO
2.3 Methods to Manage the level of Stock
Module 3: Stock Taking
3.1 Methods of Stock Taking
3.2 Discrepancies & Rectifications
3.3 Inventory Inefficiency Factors
Module 4: Inventory Cost
4.1 Factors Affecting Inventory Operations
4.2 Techniques to reduce Inventory Cost
4.3 How to manage stock effectively
Module 5: Case Study & Group work
Standard Rate
RM972.00 nett per person inclusive of 8% service tax
FOR FURTHER INFORMATION, PLEASE CONTACT ASIA EXECUTIVE PROGRAMS SDN. BHD.
019-237 4779 or 011-1223 8729