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Stores Keeping and Inventory Management

By: Tom Associates Training  

Lagos State, Nigeria

03 - 05 Aug, 2022  3 days

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NGN 155,000

Venue: 5/7 Alade Lawal Street, Off Ikorodu Road, Anthony Village, Lagos

Efficient warehouse operations do the following:

  • 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, Off Ikorodu Road, Anthony Village, Lagos Aug 03 - 05 Aug, 2022

Registration: 08:30:am - 03:30:am

NGN 155,000.00(Including VAT)
(Convert Currency)

Tolu Jegede 08178591654

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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