Stock Taking, Valuation and Stock Recording Workshop

OBJECTIVE:
Participants will learn how the stock taking, Valuation and stock recording function affect and contributes to both the profitability and efficiency of an organization and the importance of controlling inventory. Participants are made to know the significant investment stock represents and the necessity for strict control and techniques for the efficient Stock taking, Valuation and stock recording are explained along with emphasis on practical issues such as security, stock accuracy, optimizing the use of space, reducing surplus and obsolete stock and stocktaking.

CONTENT:
Stock Accuracy / Stock Recording
· Necessity for Accuracy
· Causes of Stock Errors
· Getting Stock Accuracy
· Receipts & Issues Procedures
· Data Collection, Capture, Transfer and Bar Coding.

Stores/Warehouse Planning and Design
· Layout Planning, Receipts and Issues
· Optimizing the Efficiency of the Storage Area
· Storage Equipment and Materials Handling Equipment.

Order Picking & Stock Issues
· Stock Retrieval
· Improving Speed & Accuracy
· Order Picking Methods
· Random & Combined Stock Location Systems.

Stocktaking
· Purpose
· Periodic Stocktaking or Cycle Stocktaking
· Treatment of Discrepancies
· Surplus, Obsolete and Redundant (‘SLOB’) Stock
· Reducing ‘SLOB’ Stock.

Measuring Performance in stock taking, Valuation and Stock recording
· Key Performance Indicators (KPI’s)
· What should be measured?

FOR WHOM:
Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.
Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.
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DATE:

1ST BATCH: 7th – 10th Apr,                   2026    

2ND BATCH: 28th – 31st Jul,                    2026

3RD BATCH: 24th – 27th Nov,                2026