RETIC3: RETAIL (SF): INVENTORY CONTROL L3 (APPLY DIGITAL STRATEGY IN INVENTORY CONTROL)
RETAIL (SF): INVENTORY CONTROL L3 (APPLY DIGITAL STRATEGY IN INVENTORY CONTROL)
Course Duration
Mode of Assessment
Written Assessment, Case Study
Who Should Attend
- Trainees who have interest in setting up their own business, especially in the retail industry.
- Current retail business owners who want to enhance their knowledge and skills.
- Mid-life PMEs who want to own their own business and have a career change.
Course Overview
The Retail sector is a competitive and fast-paced environment. Stock control is an important process for inventory control procedures for receipt, verification and dispatch of merchandise received from suppliers, Maintaining the correct inventory level to meet customer orders, and ensuring that out-of-stock situations do not occur are challenges. Thus, effective inventory control is one of the key elements underpinning the success of any Retail outlet.
Course Schedule
Next available schedule
Course Objectives
Upon completing this course, participants will be able to:
- Align stock plans in accordance with organisational stock control procedures and systems
- Monitor movement of stocks according to stock plans
- Keep accurate documentation on stock inventories
- Analyse sales figures and stock counts to adjust stock reorder levels accurately
- Recommend ways to improve stock turnover rate and reduce stock-on-hand
- Implement contingency plans with regards to stock delivery times
Pre-requisites
The admission requirements are:
- Read, write, and speak English at WPL Level 4
- Manipulate numbers at WPN Level 4
Course Outline
Learning Unit 1: Supervise and Monitor Stock Receipt
Supervise and monitor stock receipt as per stock plans in alignment with organisational stock control procedures and systems.
Learning Unit 2: Supervise and Monitor Stock Movements
Supervise and monitor stock movements by ensuring stock control processes and documentation.
Learning Unit 3: Review and improve stock levels
Review stock levels by evaluating sales and stock counts and improve stock levels by recommendations and contingency planning.
Certificate Obtained and Conferred by
- Upon meeting the attendance and assessment(s) criteria, participants will be awarded with a digital Statement of Attainment (SOA), accredited by SkillsFuture Singapore. SOA will be reflected as [RET-INM-3001-1.1].
- Certificate of completion from NTUC LearningHub
Upon meeting at least 75% attendance and passing the assessment(s), participants will receive a Certificate of Completion from NTUC LearningHub.
Additional Details
Medium of Instruction: English
Trainer to trainee ratio: 1:20
Mode of Delivery: Physical class
Price
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Course Fee and Government Subsidies |
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Individual Sponsored |
Company Sponsored |
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Non-SME |
SME |
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Before GST |
After GST |
Before GST |
After GST |
Before GST |
After GST |
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Full Course Fee |
$450.00 |
$490.50 |
$450.00 |
$490.50 |
$450.00 |
$490.50 |
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For Singapore Citizens aged 39 years and below |
$135.00 |
$147.15 |
$135.00 |
$147.15 |
$45.00 |
$57.15 |
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For Singapore Citizens aged 40 years and above |
$45.00 |
$57.15 |
$45.00 |
$57.15 |
$45.00 |
$57.15 |
Funding Eligibility Criteria
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Individual Sponsored Trainee |
Company Sponsored Trainee |
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Remarks
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Individual Sponsored Trainee |
Company Sponsored Trainee |
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SkillsFuture Credit:
UTAP:
PSEA:
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Absentee Payroll (AP) Funding:
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Terms & Conditions apply. NTUC LearningHub reserves the right to make changes or improvements to any of the products described in this document without prior notice.
Prices are subject to other LHUB miscellaneous fees.
| Batch ID | Course Period | Course Title | Funding Available |
Duration (Hours) |
Session (Hours) |
Venue | Available Seats |
Online Payment |
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