Mission & Objectives of Stock Management

Overview: The simple argument that a rupture of material's availability can have a tremendous cost compared to the price of the equipment itself justifies the accumulation of stocks. With the time, it represents a huge money immobilization. This is particularly true when the Lead Time to supply these equipment is significant in remote areas.
The Mission and Objectives of the Stock Management is however to control the level of Stocks in order to increase their efficiency in terms of Finance and Material availability.
This module explains how, with the right organization and the right tools, Stock Management optimizes the Stocks level and increases the Supply Chain efficiency.

Audience: Actors of the Supply Chain: Stock Controllers, Cost Controllers, Buyers, Logisticians but also members of the technical departments: Technical Administrators and members of the Duet.

Deliverables: Upon completion of this module the Trainees will have a throughout understanding of the Stock Management.
Trainees will have learnt the mission and objectives of Stock Management and understood how to fill this mission and to reach the objectives. 

Certificate: The training will be completed by an online test on EvalBox. Upon completion of the training, including the test, participants will be awarded a Certificate of Attendance issued by Adinergy.

1. Objectives, Procedures and Definitions: The "4 Right" objectives leading to Stock Optimization - Stock Management Procedures.

2. Organizational Structure and Actors: The various interfaces of Stock Control - DUET and TRIPLET - Job Descriptions.
3. The Stock Management Digital Tools: The ERP: Supply Chain Management Tool - Review of the main ERPs.

Associated modules