IOSS is an Internationally accredited provider of versatile Industrial & Non-Industrial training and consultancy services offering high quality, practical support to our clients. Our training courses are designed based on local and international standards delivering industry best practices to our delegates.
The goal of IOSS training courses is to ensure that all individuals reach a certain level of competence to work more safely on-site, reducing the risk to themselves and others.
Procurement, Supply Chain Management Training courses are designed to meet the requirements of modern industries and to provide knowledge and skills for understanding and preventing hazards in various fields.
The courses are interactive and can be delivered in the language of your choice. Practical exercises and course materials are provided in accordance with special training requirements. Content can be localized to reflect the country or region in which the workforce will operate.
Participants must successfully complete a training course and assessment to ensure that they reach the required level of competence. Successful participants will then receive a certificate.
- Reason for holding stock.
- Difference Between Stock Recording and Stock Control.
- Accurate Stock Records.
- Main Definitions; Balance sheet, Profit and Loss Account; Cash Flow.
- Ratios of Profitability, liquidity and investment.
- KPIs.
- Reasons for stock valuation.
- Cost of holding materials: Damage, Deterioration, Loss of value: Obsolescence and Redundancy, Fraud, Storage, Security, Insurance, Depreciation
- Opportunity cost of stockholding
- Overheads and use of space.
- Cost of acquiring inventory.
- When and how much to order
- Forecasting future demands
- Pareto analysis and ABC classification of inventory.
- MRP and MRP II.
- Just in time and Kanban systems.
- Consignment stocking and Vendor Managed Inventory (VMI).
- Advance Warehouse Management;
- System Integration
- Features
- Stocktaking vs Cycle Counting: understanding the difference.
- Types of cycle counting.
- Periodic stocktaking main points.
- Preservation materials of Oil & Gas Industry- Best Practices
- Stock materials preservation.
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location IOSS/Client Venue
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Validity N/A
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Duration 3 DAYS
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Language English, Russian, Azerbaijani
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Partipicants min 5 - max 15
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Training Method Classroom
