INTRODUCTION FOR MANAGING RETAIL STOCK OPERATION
The objective of this training is to bring awareness and know how on how to avoid stock lost during retail operation.
COURSE OBJECTIVES
- Understand the key principle of stock operation
- Identify action plan to prevent stock lost
- Understand the impact of stock lost in overall company operation
WHO MUST ATTEND
All employees involve in retail or front line operation dealing with stock and inventory records
COURSE CONTENT
Module 1 – Inventory and Stock Key Principles
- Stock and Inventory meaning
- Key Principles of Retail Stock Operation
Module 2 – Stock Receiving and Issuing
- Process of receiving stock
- Location rules
- Recording of records
- Issuing best practices
- Case study
Module 3 – Stock Management in Retails
- Stocking policies and method
- Best Practices to avoid excessive stock
- Cycle counting and stock taking
- Shrinkage monitoring
- Case study
Module 4 – Risk Management
- Main reason for inventory loss in retails
- Security system
- Risk identification and action
- Case study
Module 5 – Developing Procedures and Working Instruction (Day 2)
- What is SOP and Working Instruction
- Developing working instruction for retails operation
- Workshop on working instruction
