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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

CONTENT

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.

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. Aug 08 - 11 Aug, 2017
NGN 105,000.00
(Convert Currency)

08033045484

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