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.
- 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
- Inventory register
- Inventory adjustments
- Inventory transfer
- Inventory management transactions
- Inventory management reports
- PFM Consultants
- GRP Consultants
- Business Analysts
- Civil Servants
Chart of Accounts
The Chart of Accounts (COA) Course is designed to help government financial managers explore the fundamental design criteria for creating a modern and effective COA. Through this course, participants will learn how a well-designed COA can streamline reporting, provide global visibility and improve compliance.
Purchasing encompasses all activities related to the acquisition of goods, services, and works. A good purchasing and public procurement system ensures that the needs of the end-users in organizations are met while maximizing value-for-money.
Budgeting and Appropriations
Executing a fiscal budget is a crucial responsibility of any government. To ensure that spending stays within the approved limits, various budget controls are put in place during the budget execution phase. The Budgeting and Appropriations course trains government officials in these vital expenditure controls.