Methodologies of Analyzing & Controlling Stocks: Inventory Control

Code : 5/10

Why Attend This Training Course?

Stock control, otherwise known as inventory control, is used to show how much stock you have at any one time, and how you keep track of it. It applies to every item you use to produce a product or service, from raw materials to finished goods. It covers stock at every stage of the production process, from purchase and delivery to using and re-ordering the stock. Efficient stock control allows you to have the right amount of stock in the right place at the right time. It ensures that capital is not tied up unnecessarily, and protects production if problems arise with the supply chain. This Course explains different stock control methods, shows you how to set one up and tells you where to find more information.

What Is The Training Course Methodology?

ACAD Corp’s methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as Theoretical Lectures, Workshops, Open discussion to exchange opinions and experiences, Scenarios, innovative thinking brainstorming and teamwork, Role-play and simulation, and Audiovisual tools and materials. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets. Training material will be presented in English and Arabic.

Who Should Attend This Training Course?

This training course is designed for Marketing Managers or Directors, Account Managers, Brand Managers, Sales Managers or Directors, Public Relations (PR) Professionals, Business Development, Managers, and Business Owners

What Is The Training Course Objectives?

  • Fully comprehend the selection and analysing tools and techniques
  • Understand the means of suppliers to increase the efficacy of the purchasing process
  • Articulate unique rules and regulations to select suitable purchase resources – suppliers

What Is The Training Course Curriculum?

Methods of Searching for Purchase Resources: An Overview
  • Identify project needs from raw materials and equipment: Commodities/services
  • Search for different substitutions that could satisfy the needs
  • Collection of data about reliable suppliers
  • Resources of information about items and suppliers
Special Policy to Select the suitable Purchase Resources
  • One source purchasing policy
  • Many source purchasing policy
  • Local and external suppliers purchasing policy
  • Direct product purchasing policy
  • Case study 
Evaluation of Purchasing Resources (Suppliers)
  • Essential considerations in supplier evaluation (purchasing resource)
  • Main policies to favour any of suppliers
  • Standards of proper supplier selection 
  • System of qualifying suppliers
Types of Business and Size: Pervious Experience
  • Status of upon implementation contracts
  • Technical evaluation of supplier
  • Technical body
  • Workshops aftermarket service
Technical Support from Foreign Companies: Affiliations and Partnerships
  • Financial evaluation of suppliers
  • Official capacity of suppliers
  • Accredited distributor
  • Case study
 Suppliers Performance Evaluation
  • Basis of supplier’s performance evaluation
  • Quantitative methods of supplier’s evaluation 
  • Purchasing systems and suppliers evaluation
  • Identical purchased items system with the required specification
  • Suppliers qualifying system
  • Control system on items and work quality
  • Check, inspection damaged registering and waste procedures
  • Practical application

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