Stock Control and Stock Counts

Stock is money sitting on shelves. Too much of it wastes cash and space; too little of it stops workshops, sites and shops from working. Stock controllers make sure the business has what it needs, when it needs it, and that the records can be trusted. This course teaches you how stock records work, how stock is valued, how to work out reorder points, minimum and maximum levels and order quantities, how to classify stock with ABC analysis, how to spot slow-moving and obsolete stock, how to plan and run full counts and cycle counts, and how to calculate, investigate and report variances. Examples come from South African hardware stores, mine and workshop stores, plant hire companies and distributors, and every calculation is shown step by step. The course is fully online and self-paced. Each lesson has a short activity in your workbook. You finish with a practical task and a final assessment, and you receive a MetaCo Certificate of Completion that you can add to your CV.