Training Course in Practical Skills for Clearing Idle Stock
1Summary
Idle stock rarely announces itself — it just sits there, quietly eating up warehouse space and tying up money that could be working elsewhere in the business. By the time someone notices, the cost has usually been accumulating for months.
This Arab British Fellowship Training Academy course equips warehouse and store professionals with advanced, practical experience in managing stock, running annual and semi-annual inventory counts, working with suppliers, and applying the accounting and logistics skills needed to identify idle stock early and clear it efficiently.
2Objectives and target group
Who should attend?
- Accountants working in the storage department.
- Storage department supervisors.
- Warehouse and store managers.
- Store keepers in companies.
- Staff involved in inventory counting and calculation.
- Institute and economics-faculty graduates looking to build practical work skills.
By the end of the course, participants will be able to:
- Organise a warehouse or store properly and maintain safety within it.
- Monitor warehouse activity and measure its performance.
- Recognise the causes and types of stock accumulation, and apply proven practices for reducing idle stock and unneeded materials.
- Understand the concept, objectives and types of inventory counting.
- Dispose of idle goods effectively, and analyse and design warehouse layouts.
3Course Content
Module 1: Understanding Stock Accumulation Before It Becomes a Problem
- Cases and patterns of commodity-stock accumulation.
- The concepts and objectives of the basic functions linked to stock accumulation.
- The concept of stock accumulation, its causes, and the different types of idle stock.
Module 2: Preventing and Treating Idle Stock
- Preventive solutions: avoiding the stock-accumulation phenomenon in the first place.
- Remedial solutions: practical methods for disposing of idle stock.
- Managing safety stock alongside idle-goods disposal.
Module 3: Running the Count and Reading the Warehouse
- The most effective methods for conducting inventory counts.
- Applying international specifications within the warehouse.
- Advanced methods in transport and storage operations.
Module 4: Warehouse Management and Supplier Coordination
- The most effective warehouse-management methods overall.
- The best approaches for linking different warehouse units together.
- Working with suppliers as part of managing and reducing idle stock.