Prevention of Stock Deterioration and Obsolescence in the Stores and Warehouse

At the end of the workshop, the participant will be able to:

· Improve management of Obsolescence reaching from receiving products to storage and delivering

· See that movement to the end-user adds value

· Professionally manage the stock deterioration and obsolescence and help you to reduce cost, improve customer satisfaction and increase safety and productivity.

· Understand the appropriate Inventory methods to be applied

CONTENT:

· What does Obsolescence mean and how is it created?

· Reducing of Product Damage at Your Warehouse and stores

· Establishing Stock Control

· Examples of the effects of Obsolescence in the stores and warehouses

· Provision of Security in stores and warehouses

· Stock reconciliations discrepancies

· Surplus and obsolescent stock

· Understanding and analyzing costs and effects of Obsolescence

· Minimizing internal and external theft

· Inspections and risk assessment

· Warehouse Management

FOR WHOM:

Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.