Procurement and MaterialsMaterials Management and Inventory Control
This course covers the practical management of materials from receipt through storage to issue, with a strong focus on inventory accuracy, stock control methods and warehouse discipline. Delegates work through demand forecasting, reorder point calculations, stock take procedures and slow moving stock strategies applicable to manufacturing, mining and public sector stores. Emphasis is placed on reducing stockouts and excess inventory simultaneously.
Course objectives
- Apply ABC and other classification methods to prioritise inventory control effort
- Calculate reorder points, safety stock and economic order quantities accurately
- Design receiving, put away and issue procedures that protect stock integrity
- Plan and execute physical stock counts and reconcile variances correctly
- Identify and action slow moving, obsolete and excess inventory
Who should attend
- Stores and warehouse managers and supervisors
- Inventory planners and materials controllers
- Procurement staff responsible for stock replenishment
- Operations and maintenance staff managing spares inventory
- Finance staff involved in stock valuation and reconciliation
Course outline
- 01Materials management fundamentals and the inventory cycle
- 02Inventory classification, ABC analysis and control policies
- 03Demand forecasting, reorder points and safety stock calculation
- 04Warehouse layout, receiving, put away and issue procedures
- 05Stock take planning, cycle counting and variance reconciliation
- 06Managing slow moving, obsolete and excess inventory
Scheduled sessions
| Dates | Venue | Format | Price | Register |
|---|---|---|---|---|
| 4 to 6 April 2027 | Accra, Ghana | Classroom | R11,995 per delegate | Register Now |
| 14 to 16 April 2027 | Online, Online | Online | R6,500 per delegate | Register Now |
| 8 to 10 August 2027 | Dar es Salaam, Tanzania | Classroom | R11,995 per delegate | Register Now |