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Stores Keeping and Inventory Management

By: Tom Associates  

Lagos State, Nigeria

17 - 19 Jan, 2018  3 days

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NGN 125,000

Efficient warehouse operations do the followings:

  • Understand the strategic importance of stores keeping and inventory management for company profitability
  • Provide timely customer service to production and distribution
  • Keep track of items so that they can be found easily and correctly
  • Implement good housekeeping practices

Course Contents

Day One

The General Guidelines

  • Inventory:
    • Ordering
  • Flow of Materials:
    • Purchased materials
    • Work In Progress (WIP)
  • Numbering and classification systems for different stores items
    • Numeric
    • Combination of numeric and alphabet.
  • Stock Control
    • Stock Classification
    • Stock Counts
    • Stock Accuracy
    • Stock Valuation
    • Safety Stock
    • Stock Keeping
    • Reporting Processes for Stock
    • Processing of Stock-Essence of Timing.

Day Two

  • Issuance of materials, FIFO, LIFO, etc.
  • Finished Goods:
    • Distribution Planning
    • Distribution Control
  • Stores and related documentation
  • Inventory management
  • Handling of Returned Goods/Objections.
  • Treatment of discrepancies

Day Three


  • How to be in control of Inventory Turnover
    • What is moving, what is not
    • What is to be ordered, marked down, replaced
  • Stores Stock-taking.
  • Stores Personnel:
    • Honesty
    • Diligence
    • Accountability
    • Numeric competence
    • Observant
    • Neat/orderly
    • Hard working
    • Good public relations
  • Health, Safety and Environment (HSE)
  • Identification and Assessment of Inventory Risks
5/7 Alade Lawal Street, Opposite Divisional Police Station, Off Ikorodu Road, Anthony, Lagos Jan 17 - 19 Jan, 2018

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

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

NGN 125,000.00(Including VAT)
(Convert Currency)

Mr Abiodun Toki 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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