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Inventory Management Techniques: Planning, Replenishment and Activities Control Workshop

By: Alpha Partners

Lagos State, Nigeria

25 - 28 Sep, 2018  4 days

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NGN 120,000

These inventory management techniques will improve your inventory turnover ratio and transform frozen assets into cash. This workshop will teach participants on how to explore the latest inventory management methods for saving money, satisfying customers and speeding up the flow of inventory.

Contents

The Strategic role of Inventory Management

  • Inventory Management
  • Inventory Cycle and Supply Chain
  • Inventory Management Strategy
  • Measurements for Inventory and other associated costs

Front-End Optimizing of Inventory levels

  • Optimum Inventory levels
  • Forecast Demand for Inventory
  • Calculate Demands from forecasting models
  • Calculate safety stock

Just-in-Time and Inventory Process Improvement

  • JIT System
  • Benefit of a JIT System approach
  • Reducing Inventory carrying costs

Systems for Inventory Planning and Replenishment

  • Various types of replenishment techniques
  • Average Inventory level
  • Lead time on Inventory level
  • Surplus and Obsolescent Inventory
  • Material Requirement Planning (MRP) method

Inventory Accuracy and Audits

  • Inventory Control and Accuracy
  • Physical Inventory vs. Cycle counting
  • Work-in-process Inventory Audit
  • Using A.B.C. Analysis

For Whom: Stores Purchasing and Logistics Personnel in the Public and Private Sectors

Training Methodology

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

 

Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor) Opposite Adekunle BRT Bus-stop, Yaba, Lagos. Sep 25 - 28 Sep, 2018
NGN 120,000.00(The workshop fee is N120,000.00 (One Hundred and Twenty Thousand Naira) only per participant to cover workshop literature and materials, executive bag, tea/coffee, lunch, photograph and certificate.)
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Chris Onwuasigwe, FCA 08033045484

3-5 Participants – 5% Discount allowed 5 and above number of Participants – 10% Discount allowed
A distinguished team of facilitators who are eminently qualified professionals has been assembled to lead discussions in course of the workshop.
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