Integrate stocktaking and discrepancy resolution with demand forecasting and production planning.
Physical Stocktaking Techniques and Resolving Inventory Discrepancies
Turn stocktaking and discrepancy resolution from a stated policy into a practice your organisation can evidence.
Course Overview
Single sourcing on stocktaking and discrepancy resolution looks efficient until the day it is not. Inventory tied up in discrepancy resolution is capital the organisation cannot use elsewhere. Discussion is anchored to worked examples of the wider procurement and supply operations agenda rather than to abstract argument. Practitioner evidence points the same way: stocktaking and discrepancy resolution improves fastest where responsibility for it is named and owned. The level assumes working familiarity with the supply function but no prior formal training in this aspect of procurement and supply operations. Progress on discrepancy resolution is usually lost in the gap between approval and execution. The programme builds the judgement to know which parts of stocktaking and discrepancy resolution to standardise and which to leave flexible. The course sets out a working method for discrepancy resolution that participants can apply the week they return. The final session converts the week's work on the practice within procurement and supply operations into commitments with owners and dates.
Expected Learning Outcomes
Prepare a short, evidence-based briefing on discrepancy resolution for senior management.
Compare the organisation's handling of stocktaking and discrepancy resolution with recognised practice, and close the material gaps.
Integrate discrepancy resolution into existing management routines rather than running it separately.
Design receiving, storage and picking flows supporting stocktaking and discrepancy resolution.
Negotiate payment terms on discrepancy resolution that improve cash without damaging supply.
Measure procurement performance on stocktaking and discrepancy resolution beyond savings claimed.
Who Should Attend
Finance staff reviewing spend and working capital in stocktaking and discrepancy resolution.
Internal auditors examining controls over discrepancy resolution.
Managers of multi-site operations seeking consistency in stocktaking and discrepancy resolution.
Logistics and distribution staff moving material in discrepancy resolution.
Procurement and category managers responsible for stocktaking and discrepancy resolution.
Team leaders and supervisors who put discrepancy resolution into practice day to day.
Course Modules
Stocktaking and discrepancy resolution: sourcing strategy and market approach
2 sessions · 8 pointsSession 1The approval control on stocktaking and discrepancy resolution that prevents fraud
- Estimate the resource stocktaking and discrepancy resolution requires to run as designed.
- Build the competence framework that supports discrepancy resolution.
- Review whether stocktaking and discrepancy resolution is aligned with the objectives of the supply function.
- Identify single points of dependency in discrepancy resolution and reduce them.
Session 2Proving the savings claimed on discrepancy resolution were real
- Identify slow-moving and obsolete stock inside stocktaking and discrepancy resolution and decide its fate.
- Agree the escalation route when supply of discrepancy resolution is disrupted.
- Build the internal briefing that explains stocktaking and discrepancy resolution to those affected.
- Agree the smallest change to discrepancy resolution that would be visibly useful.
Discrepancy resolution: continuity, risk and single points of failure
2 sessions · 8 pointsSession 1Building the method for discrepancy resolution step by step
- Agree the indicators that will show whether stocktaking and discrepancy resolution is improving.
- Set the consequence for failing service levels on discrepancy resolution, and apply it.
- Apply ethical and environmental criteria to supplier selection in stocktaking and discrepancy resolution.
- Calculate reorder point and safety stock for each item in discrepancy resolution.
Session 2Documentation and customs treatment for discrepancy resolution
- Set the stock count cycle for stocktaking and discrepancy resolution and act on discrepancies.
- Map the physical flow of discrepancy resolution through receiving, storage and dispatch.
- Agree what will be standardised in stocktaking and discrepancy resolution and what will not.
- Verify segregation between requisition, approval and receipt in discrepancy resolution.
Discrepancy resolution: supplier evaluation, award and contract terms
2 sessions · 8 pointsSession 1The paperwork for discrepancy resolution that is actually needed
- Draft the minimum viable sourcing procedure for stocktaking and discrepancy resolution.
- Review whether inventory policy on discrepancy resolution still matches actual demand.
- Review the audit trail for the last three award decisions on stocktaking and discrepancy resolution.
- Confirm traceability from supplier to point of use for discrepancy resolution.
Session 2Testing stocktaking and discrepancy resolution before relying on it
- Identify the data already collected that bears on stocktaking and discrepancy resolution.
- Prepare the response for the most likely failure in discrepancy resolution.
- Anticipate the objections stocktaking and discrepancy resolution will raise and prepare the answers.
- Validate claimed savings on discrepancy resolution against actual invoiced spend.
Discrepancy resolution: inventory policy and working capital
2 sessions · 8 pointsSession 1Releasing working capital trapped in discrepancy resolution
- Collect evidence on the present handling of stocktaking and discrepancy resolution before proposing changes.
- Assess supplier financial health for critical elements of discrepancy resolution.
- Verify six months later that changes to stocktaking and discrepancy resolution have held.
- Check the delivery terms and customs classification applied to discrepancy resolution.
Session 2Choosing the right sourcing approach for discrepancy resolution
- Set the review interval for stocktaking and discrepancy resolution and who attends.
- Plan the sequence in which improvements to discrepancy resolution will be introduced.
- Identify single-source dependencies in stocktaking and discrepancy resolution and cost the alternatives.
- Evaluate discrepancy resolution on total cost of ownership across the full life.
Choose the package that suits you
Silver Package
At least 3 people
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Gold Package
At least 3 people
- 5-night stay in a 5-star hotel
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Complete your registration
We will contact you within one business day to confirm.