Nigerian Seminars and Trainings

Search conferences, training, seminars, courses and workshops in Nigeria and around the world

business logo

Inventory Management: The Nuts and Bolts

By: Allied Educational Resources Ltd.

Lagos State, Nigeria

07 - 08 Mar, 2016  2 day

Follow Event

  

NGN 65,000

No business can survive very long without an effective program of controls over the parts and materials that are used in producing or distributing goods and services of the firm. Like many other things that depend on human interpretation, “control” means different things to different individuals.

This is a course for you, the warehouse or stockroom manager, the person in charge of what comes in and goes out of your company. You want a smooth and cost-effective operation, with enough products on hand to satisfy needs without stockpiling too much. This course will discuss all aspects of inventory management, including common terms, the inventory cycle, how to maintain inventory accuracy, and what some of the latest trends are.

 Learning Objectives

  • Understand terms that are frequently used in warehouse management
  • Identify the goals and objectives of inventory management and measure your process against these goals
  • Calculate safety stock, reorder points, and order quantities
  • Evaluate inventory management systems
  • Identify the parts of the inventory cycle
  • Better maintain inventory accuracy

Course Outline

  • Course overview
  • What is inventory?
  • Definitions
  • Pre-assignment
  • Review
  • Types of inventory
  • Key players
  • Setting up the warehouse
  • The eight objectives
  • Maintaining location accuracy
  • What makes a good inventory management system?
  • The warehouse inventory cycle
  • Identifying demand
  • Key formulas
  • Case study
  • The receiving process
  • Validating inventory
  • The put-away process
  • Maintaining inventory accuracy
  • The outbound process
  • Industry trends
  • Personal action plan
  • Recommended reading list
  • Post-course assessment
45, Lagos Street, Ebute Metta, Lagos, Nigeria Mar 07 - 08 Mar, 2016
NGN 65,000.00
(Convert Currency)

07087808664, 07081901320

Related Courses
Branding: Creating and Managing Your Corporate Brand Branding: Creating and Managing Your Corporate Brand

2 day, 11 - 12 May, 2017 

2017-05-11 12:05:00
State, Nigeria

Allied Educational Resources Ltd.

Your brand is the vehicle that propels your product or service into your customer’s lives, and into their hearts. A good brand is much more than an attractive image combined with some witty ...

Drivers Road Safety plus Customer Service Training Drivers Road Safety plus Customer Service Training

, 20 - 20 May, 2017 

2017-05-20 12:05:00
Lagos State, Nigeria

Allied Educational Resources Ltd.

This workshop is designed to raise awareness and critical importance of road safety among Commercial Transport, Professional and Private Drivers. Whether you drive on the job or just commute to work ...

Knowledge Management: Preventing Brain Drain from your Organization Knowledge Management: Preventing Brain Drain from your Organization

2 day, 24 - 25 May, 2017 

2017-05-24 12:05:00
Lagos State, Nigeria

Allied Educational Resources Ltd.

Understanding how to manage the knowledge within your organization is the key to business success. Mismanagement of organizational knowledge comes with a price: frustrated employees, angry customers, ...

Executive Administrative Personal Assistant Executive Administrative Personal Assistant

2 day, 25 - 26 May, 2017 

2017-05-25 12:05:00
Lagos State, Nigeria

Allied Educational Resources Ltd.

Being an Executive or Personal Assistant is a unique position that requires a variety of skills. Whether you are updating schedules, making travel arrangements, minute taking, or creating ...