Stock Management & Visibility

Unlock the secrets to efficient stock management and enhanced visibility in your retail operations. This training program is designed to identify and simplify processes to equip retail professionals with the strategies and techniques to optimise inventory control, minimise stockouts, and maximise cashflow & overall retail performance.

Topics Covered:

1. Inventory Optimisation:

• Analysing stock levels, turnover rates, and sales data to optimize inventory.

• Implementing forecasting techniques to meet customer demand and reduce stockouts.

• Applying just-in-time inventory management principles to streamline operations.

2. Demand Planning and Forecasting:

• Leveraging historical data and market trends to forecast demand accurately.

• Developing demand planning strategies to align inventory with customer expectations.

• Implementing inventory replenishment techniques to maintain optimal stock levels.

3. Enhanced Stock Visibility:

• Implementing technology solutions to improve real-time stock visibility.

• Leveraging data analytics and reporting tools for better stock monitoring.

• Applying RFID and barcode systems to enhance stock tracking and accuracy.

4. Efficient Stock Management Processes:

• Establishing robust stock management processes, including receiving, storage, and fulfillment.

• Implementing efficient stock counting and reconciliation procedures.

• Optimising stock rotation and reducing inventory carrying costs.

Learning Outcomes:

• Gain a deep understanding of stock management and visibility strategies in retail.

• Learn techniques to optimise inventory control and reduce stock-related challenges.

• Develop methods to improve visibility into stock levels and demand patterns.

• Cultivate a data-driven approach to inventory management for better decision-making.

• Improve retail performance through efficient stock management practices.