Managing Stock & Controlling Shrink
Location: Virtual The comprehensive course provides delegates with an understanding of how stock affects profitability, and how to calculate the most economic levels to hold on the ground
Course Type
Regional
Learning format
Virtual
Date & Time
4th June 2026
9:30 - 16:30
Course duration
1 day
Course overview:
The comprehensive course provides delegates with an understanding of how stock
affects profitability, and how to calculate the most economic levels to hold on the ground. It also focuses on
the root causes of shrink and how to combat them - this being your quickest route to improving bottom
line profit.
Who Would Benefit:
Branch Managers, Assistant Managers, Procurement Staff, Stock Controllers, Team Leaders,
Yard Supervisors and Security Staff.
Objectives:
. Understand the cost of holding stock and how slow-moving products affect our profitability
. Understand the principles of forecasting to set min/max levels correctly
. Understand how every member of staff can make a huge difference to profitability
. Galvanise staff into pro-actively addressing any slow-moving stock issues
. Gain commitment from delegates to pro-actively reduce damages, shrink & waste
Course Content:
. Overview of general procurement strategy from supplier selection to stock build
. Product segmentation & identifying ''core range'' by value, criticality & usage
. Consumption & replenishment rates
. Setting minimum & maximum stock levels & the concept of safety stock
. Understanding break-even point, stock days and the cost of holding stock
. How to go through the ''Five R'' process to reduce slow moving lines
. Understanding the cost of shrink, damage & waste
. Root causes of shrink, areas at risk, and practical ways to control it
. Store walks & product storage
. Precautions & everyday measures to ensure safety & security
. Increasing average ticket value through zonal merchandising
How to Register
Please login to book your place or contact Suzanne Millward [email protected] 07562954496
The cost of the course is £300 + VAT
Cancellation Policy:
We regret that cancellations cannot be refunded after 14 days prior to the event, although delegate names may be substituted at any time.
Registration
Registration is closed.