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Stock Management and Control Training

By: Tom Associates Training  

Lagos State, Nigeria

11 - 13 Oct, 2017  3 days

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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.
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