Stock Management – 1 DAY
This course is accredited by the Services Seta and material covers unit standards 13945 at NQF level 4 worth 2 credits.
COURSE OUTLINE
Upon completing this course, the learner should be able to:
Apply the management of stock and fixed assets in a business unit
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Differentiate between fixed assets and stock in a business unit
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The concepts of fixed assets and stock
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The different fixed assets in a business unit
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Stock in a business unit
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Office stationery as stock
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The problems that occur if there is insufficient stock
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Problems if a business unit has too much stock
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The influence that stock management can have on the profitability of a business
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The need for stock control
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Two different ways of managing stock
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Pareto’s Law
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Just In Time
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The importance of quality, quantity, time, price and source in managing stock Internal control system to safeguard stock
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Quality, quantity, time, price and source: Good storekeeping and materials handling
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The rate of stock turnover for a business unit
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Economic Ordering Quantity Model (EOQ)
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Managing Office Stationery as “stock” in a business unit
The management of fixed assets in a business unit
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The fixed assets in a business unit
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The asset register for a business unit
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The valuation of assets in a business unit
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Reasons for depreciation
Apply the basic principles of stock and fixed asset management to a business unit
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The risk associated with the management of stock in a business unit
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The risk associated with the management of fixed assets in a business unit
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Plan to minimise the risk associated with fixed assets in a business unit