Asset & Inventory Management Training.

Inventory management, or inventory control, is an attempt to balance inventory needs and requirements with minimize costs resulting from obtaining and holding inventory. There are several schools of thought that view inventory its function differently. These will be addressed in this course, but first we present a foundation to facilitate understanding of inventory and its function.

The course provides an outline on the importance of an effective inventory management system. Inventory is looked terms of the overall cash flow of a business entity. The course also looks at methods of applying an effective management system and more current approaches to inventory management.
Preamble. Asset Management
Good asset management is critical in projects and programs. Significant assets are infrastructure assets with long and enormous capital outlay that are vital to providing a foundation for economic activity.
Since the promulgation of the Public Finance Management Act (PFMA), Act No.1 of 1999 and as part of the move proper management and recording of assets a strategy was adopted to gradually enable entities to comply therewith

No. of Days:	5
Total Hours:	40