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Inventory Planning and Stock Control

By: Alpha Partners

Lagos State, Nigeria

08 - 11 Aug, 2017  4 days

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NGN 105,000

At the end of this inventory planning and stock control participant will understand the following

  • Plan and Control stock successfully and cost effectively using proven techniques of inventory management
  • Forecast demand and control lead time
  • Classify, count and reduce inventory
  • Reduce inventory investment and surplus
  • Use the right key Performance Indicators (KPIs) for the measurement and evaluation of the inventory department


Introduction to Inventory Management

  •  Objectives and responsibilities of inventory management
  •  Customer service in inventory management
  •  Inventory management

Description and Classification of Inventory

  • Types of inventory
  • The ABC inventory classification
  •  Materials specifications/cataloguing

Forecasting Demand and Lead Time

  •  Techniques of forecasting
  •  Control of lead time

Inventory Systems

  •  Inventory costs
  •  The max-min system
  •  When and how much to order
  •  Controlling safety stocks

Counting and Controlling Inventory

  •  Counting methods and accuracy
  • Periodic and cycle counting

Reducing Inventory Investment

  •  Identification and disposal of surplus
  •  Material requirement planning (MRP)
  •  Just-in-time (J.I.T) method

Measuring Inventory Management Performance

  •  Key Performance Indicators (KPIS) and Targets
  •  Qualities of the Inventory Specialist

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


Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor) Opposite Adekunle BRT Bus-stop, Yaba - Lagos. Aug 08 - 11 Aug, 2017
NGN 105,000.00
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