Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

Stock Management and Control Training

By: Tom Associates  

Lagos State, Nigeria

11 - 13 Oct, 2017  3 days

Follow Event

  

NGN 115,000

This course delivers four broad competencies:

  • Reasons for holding Stock
  • Accurate Stock records
  • Difference between Stock recording and Stock control
  • Security of Stores.

Course Contents

Day One

  • Reasons for Holding Stock
  • Forecasting Future Demands
  • Demand patterns
  • Trends
  • Seasonal variations
  • Random fluctuations
  • Sporadic demand
  • When to Order
  • Safety stocks
  • Re-Order leveler
  • Standard deviation
  • Service factors.

Day Two

  • How Much to Order
  • Economic Order Quantity
  • Lot sizing
  • Forecasting
  • MRP and ERP
  • Time Phasing
  • Explosion Routines
  • Schedule Regeneration
  • Just-in-Time
  • Financial Considerations
  • Stock turnover
  • Effects on the cash flow
  • Effects on the working capital
  • Profitability - the Return on Investment
  • Managing the Costs
  • Stockholding cost
  • Ordering cost
  • Running costs
  • Cost of money
  • Wastage
  • Insurance

Day Three

  • Systems of Stock Control
  • ABC Analysis
  • Quantity Based Systems
  • Time Based Systems
  • Differential Stock Control
  • Consignment Stock
  • Vendor Maintained Inventory
  • Kanban
  • Stocktaking
  • Reasons
  • Periodic
  • Continuous
  • Treatment of Discrepancies
  • Obsolete Redundant and Surplus Stocks
  • Identification
  • Disposal.
5/7 Alade Lawal Street, Opposite Divisional Police Station, Off Ikorodu Road, Anthony, Lagos. Oct 11 - 13 Oct, 2017

Registration: 08:30:am - 09:00:am

Class Session: 09:00:am - 04:00:am

NGN 115,000.00(Including VAT)
(Convert Currency)

08033019120

Discount of 5% to 3-4 participants from same organization. Discount of 10% to 5 or more participants from same organization.
Related Courses
Converting Invested Asset into Profitable Business Outcomes Course Converting Invested Asset into Profitable Business Outcomes Course

4 days, 23 - 26 Sep, 2018 

2018-09-23 12:09:00
Lagos State, Nigeria

Tom Associates

This training teaches the practical paths to shareholder value. It is always easy to say shareholder value is important, but experience is that it is not so easy to make it influence the decisions ...

Banking Services and Marketing Strategies Workshop Banking Services and Marketing Strategies Workshop

3 days, 01 - 03 Aug, 2018 

2018-08-01 12:08:00
Lagos State, Nigeria

Tom Associates

Banks offer the similar products and services mostly. What distinguishes one bank from another therefore will be the quality and uniqueness of services rendered, plus the marketing strategies ...

Effective Management of Time, Priority and Work Pressure Course Effective Management of Time, Priority and Work Pressure Course

3 days, 29 - 31 Aug, 2018 

2018-08-29 12:08:00
Lagos State, Nigeria

Tom Associates

Managers and executives must consistently add more value, in the limited time they have in hand, just to remain in contention today. To achieve more than the ordinary, managers must have the special ...

Value Added Marketing: Advanced Marketing Strategies Course Value Added Marketing: Advanced Marketing Strategies Course

4 days, 14 - 17 Aug, 2018 

2018-08-14 12:08:00
Lagos State, Nigeria

Tom Associates

At the end of this Value Added Marketing - Advanced Marketing Strategies course, participants will: Develop enhanced skills in formulating strategic marketing plans Have higher creativity in brand ...