Attention Stock Controllers and Retail Managers! Get ready to transform your approach to stock management and retail operations with this powerful training course!
In this learning pathway, you will develop the skills to manage stock effectively and maintain profitability by processing invoices and monitoring sales for issues like negative GP, conducting regular stocktakes and using automated ordering tools, maintaining accurate product data and supplier updates while reviewing category performance and correcting negative stock, running monthly updates to manage dead stock and set order thresholds, and analysing GP%, pricing, and seasonal trends while managing special cases such as hire products and overdue laybys.
Divided into Daily, Weekly and Monthly suggested tasks, each module includes written materials and video demonstrations. Handy links that you may wish to save and refer to later are also highlighted.
If you'd like to complete the full learning pathway and receive a Certificate of Completion, we recommend accessing our Learning Pathway collection, ensure you fill in the form!
Stock Control Best Practice Learning Pathway
Simply enter your email address, wait for your verification code to arrive and enter the code to to gain access.
Or, if you'd like to take your own learning journey, simply click the relevant topic(s) below.
Module 1 - Daily Stock Control Best Practice
This module covers:
- Processing invoices in Minfos
- Analysing 300 & 301 General sales and checking for negative Gross Profit (GP) products
- Conducting regular stocktakes
- Using Minfos Order Generation for automated ordering
Module 2 - Weekly Stock Control Best Practice
This module covers:
- The Minfos Product Catalogue
- Wholesaler and Direct Supplier updates
- Reviewing General or Unused Category
- Reviewing your Sales by Range (Category sales) Reports
- Managing and Correcting Negative Stock on Hand (SOH)
- Reviewing Stock Out Reports
Module 3 - Monthly Stock Control Best Practice
This module covers:
- Running monthly wholesaler updates
- Reviewing and actioning MNPN Merges
- Identifying and managing dead stock
- Setting up Minimum Order Thresholds (MOT's)
- Managing monthly or seasonal order generation
- Reviewing GP% and pricing
- Reviewing products on hire
- Checking overdue laybys