COURSE OVERVIEW:

All managers have resources at their disposal. It is the way these resources are used and organised that shows up the differences between a good manager and an ordinary one. Poor managers will continually bemoan their lack of resources. ‘If only I had more people (or more time, or more information, or better materials and equipment),’ they will say, ‘I could do a decent job’. The response to such a complaint is invariably along the lines of: ‘The point is: what kind of job can you do with the resources you already have?’

In any organisation there is the need to utilise available resources for better performance. The term, management of organisational resources, refers to proper utilisation of such resources as assets, information, human and financial resources. Many organisations fail to reach their set targets due to lack of proper management of these resources.

Based on organisational studies, the management of organisational resources is extremely difficult. Managers face serious and complex challenges when managing the required resources for the benefit of their organisation. Large organisations usually have a defined corporate resource management process which mainly guarantees that resources are never over-allocated across multiple projects.

Whether it’s getting people to realise their full potential, making the most of limited time, getting work done in a restricted space, or avoiding the waste of energy, the organisation of resources is largely what the job of management is all about.

This course is all about the management and control of resources. To control a resource, you have to monitor how well its actual performance compares with the planned performance. Managing includes determining objectives and making plans.

In the first part of this course, we will discuss the background to organisational resources. We begin by classifying the resources used by all organisations. Next, we consider the steps in the process of obtaining and managing organisational resources, and then go on to review four specific kinds of resource: people; equipment; land and buildings; and materials.

The second part focuses mainly on materials, and especially the problems entailed in the acquisition and storage of these resources, we’ll start with a discussion of the basic principles of stock control. Then we’ll explain the rotation and management of stock, the receipt and issuing of goods, and stock levels. Finally, we’ll take a look at computerised systems including warehouse management systems.

LEARNING OUTCOMES:

By the end of this course, you will be able to understand:

• What is meant by organisational resources?
• How organisational resources are classified?
• How to manage organisational resources?
• How to monitor resources?
• People as a resource
• The under-used resource
• The difficulties associated with developing people
• Equipment as a resource
• Technology and competition
• Typical equipment problems
• How to get the optimum value from equipment?
• Land and buildings as a resource
• The aspects you need to consider when managing a work area?
• Materials as a resource
• Storing and allocating materials
• The basic principles of stock control
• The problems of holding stock
• The types of costs that are incurred by keeping goods and materials in store
• How might a part be made useless through becoming obsolete (that is, going out of date)?
• Rotating stock
• The two-bin system
• Managing stock
• The book stock formula
• The ABC analysis and what it consists of?
• The Pareto principle
• Receiving goods and the essential steps of receiving goods?
• The returned of goods document
• The information that should appear on a returned goods document
• Issuing goods
• Materials requisition
• Goods returned to supplier
• Stock levels
• Computerised receipt of goods
• Computerised issue of goods
• The use of robots in materials handling
• Bar coding and its main benefits
• Warehouse management systems and its advantages

COURSE DURATION:

The typical duration of this course is approximately 2-3 hours to complete. Your enrolment is Valid for 12 Months. Start anytime and study at your own pace.

COURSE REQUIREMENTS:

You must have access to a computer or any mobile device with Adobe Acrobat Reader (free PDF Viewer) installed, to complete this course.

COURSE DELIVERY:

Purchase and download course content.

ASSESSMENT:

A simple 10-question true or false quiz with Unlimited Submission Attempts.

CERTIFICATION:

Upon course completion, you will receive a customised digital “Certificate of Completion”.