Finance & supply chain · Short course
Asset and Inventory Management
Tracking assets and stock through acquisition, use, maintenance and disposal.
The programme
Programme overview
Expanded indicative outline. The subject areas are described below; proposed activities and final delivery requirements are confirmed with Ratomac before booking.
Tracking assets and stock through acquisition, use, maintenance and disposal.
The programme brings together asset registers, inventory planning, lifecycle control and verification. The expanded outline below shows how these areas can be explored through explanation, discussion and the preparation of relevant work products.
A proposed workshop runs through the programme: An organisation’s stock records do not agree with physical counts and asset custody is unclear. Participants would examine the situation in stages, use the information provided and explain the basis of their decisions. The workshop is fictional and can be adapted when the final training plan is agreed.
Who should attend
Is this programme for you?
This outline is relevant to the following roles. Suitability and any formal entry requirements should be checked for the selected programme.
- Asset officers, inventory staff and finance administrators.
- Individuals preparing to take on responsibilities in this area.
- Teams seeking a shared approach to the work described in the programme.
Purpose of the learning
Intended learning outcomes
- Build a sample register with identification and responsibility fields.
- Prepare a stock-replenishment review using fictional demand information.
- Map controls across acquisition, custody, maintenance and disposal.
- Investigate a sample count difference and document the reconciliation.
- Combine the module outputs into a reasoned response to the programme’s workplace scenario.
5 learning blocks
Detailed programme outline
01Asset registers
This part of the programme examines asset registers, with attention to identification and reliable records. The practical task connects the subject to the programme’s workplace scenario and gives participants a specific output to discuss.
Topics to explore
- Identification.
- Reliable records.
- Applied work: build a sample register with identification and responsibility fields.
Illustrative practical exercise
Build a sample register with identification and responsibility fields. Explain the information used, identify any assumptions and take part in a review of the proposed approach.
02Inventory planning
This part of the programme examines inventory planning, with attention to stock requirements and replenishment. The practical task connects the subject to the programme’s workplace scenario and gives participants a specific output to discuss.
Topics to explore
- Stock requirements.
- Replenishment.
- Applied work: prepare a stock-replenishment review using fictional demand information.
Illustrative practical exercise
Prepare a stock-replenishment review using fictional demand information. Explain the information used, identify any assumptions and take part in a review of the proposed approach.
03Lifecycle control
This part of the programme examines lifecycle control, with attention to custody, maintenance and disposal. The practical task connects the subject to the programme’s workplace scenario and gives participants a specific output to discuss.
Topics to explore
- Custody.
- Maintenance.
- Disposal.
- Applied work: map controls across acquisition, custody, maintenance and disposal.
Illustrative practical exercise
Map controls across acquisition, custody, maintenance and disposal. Explain the information used, identify any assumptions and take part in a review of the proposed approach.
04Verification
This part of the programme examines verification, with attention to counts, reconciliation and loss prevention. The practical task connects the subject to the programme’s workplace scenario and gives participants a specific output to discuss.
Topics to explore
- Counts.
- Reconciliation.
- Loss prevention.
- Applied work: investigate a sample count difference and document the reconciliation.
Illustrative practical exercise
Investigate a sample count difference and document the reconciliation. Explain the information used, identify any assumptions and take part in a review of the proposed approach.
05Integrated workplace workshop
An organisation’s stock records do not agree with physical counts and asset custody is unclear. The final workshop connects the earlier work rather than treating each topic as an isolated activity.
Topics to explore
- Bring together the outputs from the earlier modules into one coherent response to the scenario.
- Check that the recommendation addresses the original problem and is supported by the information available.
- Identify responsibilities, dependencies and matters that require specialist input or further evidence.
- Present the proposed response and revise it after questions from the facilitator and other participants.
Illustrative practical exercise
Prepare a concise presentation for the fictional organisation. Include the proposed response, the evidence supporting it and the decisions still required. Finish with a reflection on which aspects could be relevant to your own work.
From discussion to application
How the programme could be delivered
The proposed learning approach combines facilitator-led explanation, discussion of the subject areas and guided work on the fictional scenario. Each module produces a practical output that can be reviewed and improved.
Participants can work individually or in small groups to compare interpretations, explain their decisions and identify missing information. Feedback focuses on the connection between the task, the evidence used and the proposed response.
The final workshop brings the module outputs together. Ratomac will confirm the delivery format, learning resources, entry requirements and any formal assessment or certification arrangements for the selected programme.
Discuss your requirements
Dates, duration & arrangements
Contact Ratomac to agree the final programme, duration and delivery format. Include your preferred timing, location and whether the enquiry is for yourself or a team.
Discuss this programme ↗Indicative outline for discussion. The final syllabus is agreed with Ratomac before booking. The expanded learning activities and workplace scenario are original proposals for discussion with Ratomac.