Stock Control

The aim of stock control is to ensure stock levels remain accurate and there is sufficient stock available to meet its own needs and those of consumers. Key focus should be placed on this activity to ensure stocks are not too high, to minimise waste and to optimise the overall cost of the holding stock.

Having too high or too low a stock can be harmful; too high a stock level represent money tied up and can impact on cash flow whereas too low stocks could result in not being able to satisfy order demand.

The main approaches to achieving timely deliveries of products and services

CPD 2This module examines the factors required to achieve timely deliveries of products and services. The first topic leads you through expediting and problem-solving processes and communication techniques, while the second focuses on forecasting approaches.

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