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Inventory Management Techniques: Planning, Replenishment and Activities Control

By: Alpha Partners

Lagos State, Nigeria

04 - 07 Apr, 2017  4 days

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NGN 105,000

These inventory management techniques will improve your inventory turnover ratio and transform frozen assets into cash. This workshop will teach participants on how to explore the latest inventory management methods for saving money, satisfying customers and speeding up the flow of inventory.

CONTENTS

The Strategic role of Inventory Management

  • Inventory Management
  • Inventory Cycle/Supply Chain
  • Inventory Management Strategy
  • Measurements for Inventory and other Associate costs

Front-End Optimizing of Inventory levels

  • Optimum Inventory level
  • Forecast Demand for Inventory
  • Calculate Demands from forecasting models
  • Calculate safety stock

Just-in-Time and Inventory Process Improvement

  • JIT System
  • Benefit of a JIT System approach
  • Reducing Inventory carrying costs

Systems for Inventory Planning and Replenishment

  • Various types of replenishment techniques
  • Average Inventory level
  • Lead time on Inventory level
  • Surplus/Obsolescent Inventory
  • Material Requirement Planning (MRP) method

Inventory Accuracy and Audits

  • Inventory Control and Accuracy
  • Physical Inventory vs Cycle counting
  • Work-in-process Inventory Audit
  • Using A.B.C. Analysis

FOR WHOM: Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.

This course is being run by ALPHA PARTNERS in collaboration with THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA, LAGOS MAINLAND DISTRICT.

Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor) Opposite Adekunle BRT Bus-stop, Yaba - Lagos. Apr 04 - 07 Apr, 2017
NGN 105,000.00
(Convert Currency)

08033045484

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