Overview
Effective management of stores and inventory control is critical for the smooth functioning of an organization’s supply chain. It is essential to achieve a constant and efficient flow of products and services, which can pose significant challenges in terms of processes, organization, and cost. The FreeBalance Stores and Inventory Management course is designed to equip individuals with the essential tools and knowledge needed to run efficient, robust, and adaptable warehouse and inventory operations in public sector organizations.
Course Objectives
- Understand the importance of inventory and its role in service delivery
- Examine the most appropriate method for managing an item
- Understand the value chain in inventory management
- Apply best practices to optimize investments in inventory
- Examine appropriate inventory management techniques for each type of item
Course Content
- Inventory register
- Inventory adjustments
- Inventory transfer
- Inventory management transactions
- Inventory management reports
Target Audience
- PFM Consultants
- GRP Consultants
- Business Analysts
- Civil Servants
- Policymakers
- Auditors
- Resellers
Dates | On Demand |
---|---|
Length | 0.5 days |
Pace | Self Paced |
Fees | $50 (Introductory Price) |
Language | English |
Related Courses
Expenditure Management
Expenditure refers to the payment of a sum of money by an organization, arising from a valid commitment or obligation.
Treasury Management
Government Treasury Management helps the spending units set payment priorities. The Treasury updates bank balances through the bank statement, which includes daily revenue collections. Based on the liquidity available, the Treasury can decide which payments to release and which payments to delay.
Fixed Assets Management
The Fixed Assets Management module supports fixed asset accounting, depreciation, custody transactions and asset transfer management. Effective asset management provides real benefits and cost savings to public sector organizations.