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Managing Inventory Effectively

By: Alpha Partners

Lagos State, Nigeria

18 - 21 Dec, 2017  4 days

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NGN 105,000

Inventory management techniques an intensive four day workshop, for those who want to understand and implement the essential tools for managing inventory in the supply chain.  Participants are shown how to evaluate procedures and make needed changes to methods to improve customer service whilst achieving reduction in inventory, eliminate wasteful costs, avoid internal problems that limit performance and obtain added value for money.

Content:

Relationships and Material flow in the Chain

  • Integrating the Supply Chain
  • Benefits of Supply Chain Approach
  • Lead-times
  • Power of Information

Inventory Costs and Services

  • Inventory Costs
  • Cost /service trade offs
  • Service levels from inventory
  • Product coding
  • Supply/demand variables

Replenishment Method for Independent Demand

  • Economic order quantities
  • Time bid methods
  • Minimum-maximum methods
  • Compare continuous review and periodic review methods
  • Material planning

Stock Coding and Recording

  • Different methods
  • Separation of power
  • Understanding of all involves
  • Checklist to help to decide the best option
  • How do they get inaccuracies?

Model for Planning Inventory

  • Managing inventory by value and by volume
  • Sales forecasts
  • Statistical forecasts
  • Model for inventory planning

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. Dec 18 - 21 Dec, 2017
NGN 105,000.00
(Convert Currency)

08033045484

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