Réf: SC03-MOD02

Mission & Objectives of Stock Management

  • Duration in hours: 1 x 4h
  • Module level: Foundation
320 €

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. 

  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

Definition of the Supply Chain & Introduction to Material Management
SC03MOD01

Definition of the Supply Chain & Introduction to Material Management

Overview: It is interesting to compare the Supply Chains of a...

Stock Control Activities
SC03MOD03

Stock Control Activities

Overview: This module is a very detailed study of all tools,...

Stock Analysis and Optimization
SC03MOD04

Stock Analysis and Optimization

Overview: After the review of the Stock Control processes, this module...

Physical Stock Management
SC03MOD05

Physical Stock Management

Overview: This module is the last of the Material Management course...