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Managing Inventory Effectively Workshop

By: Alpha Partners

Lagos State, Nigeria

24 - 27 Jul, 2018  4 days

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NGN 120,000

Inventory management techniques an intensive four-day workshop, for those who want to understand and implement the essential tools for managing inventory in the supply chain. 

 Participants are shown how to evaluate procedures and make needed changes to methods to improve customer service whilst achieving reduction in inventory, eliminate wasteful costs, avoid internal problems that limit performance and obtain added value for money.

CONTENT:

Relationships and Material flow in the Chain

  • Integrating the Supply Chain
  • Benefits of Supply Chain Approach
  • Lead-times
  • Power of Information

Inventory Costs and Services

  • Inventory Costs
  • Cost /service trade offs
  • Service levels from inventory
  • Product coding
  • Supply/demand variables

Replenishment Method for Independent Demand

  • Economic order quantities
  • Time bid methods
  • Minimum-maximum methods
  • Compare continuous review and periodic review methods

Stock Coding and Recording

  • Different methods
  • Separation of power
  • Understanding of all involved
  • Checklist to help to decide the best option
  • How do they get inaccuracies?

Model for Planning Inventory

  • Managing inventory by value and by volume
  • Sales forecasts
  • Statistical forecasts
  • Model for inventory planning

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. Jul 24 - 27 Jul, 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 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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