1 Day Principles of Buying & Purchasing
This course will add profit to your business through effective stock turn.
Course Overview
This course is designed to help anybody involved in stock control & purchasing gain a better understanding of how to be effective in their role, particularly if they are in a branch that has a problem with margin or slow / non-moving stock, as it offers tips and practical solutions on how to be more profitable whilst adding value to the supply chain.
Objectives
To give a solid understanding of the “what, why and how” of efficient stock control for those new to the role, and to give a better understanding to those already in it.
Course Content
• The importance of effective stock control, including the cost of holding stock, and how stock levels affect working capital, cash flow and branch profitability.
• Supply & Demand: Managing stock, basic forecasting, setting & controlling stock levels, building in “Safety Stock” and calculating “Stock days”.
• Making a profit: Setting selling prices, mark up, margin and break-even point.
• Negotiating and communicating along the supply chain.
• Basic Merchandising: Positioning of stock, safe & efficient layout, managing promotions and “passive” selling.
• Practical tips & solutions to problems caused by any of the above.
The price of each day course is £230.00 + VAT, the price below is inclusive of VAT.