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Stock Control and Management Training

By: Tom Associates  

Lagos State, Nigeria

06 - 08 Jun, 2018  3 days

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NGN 125,500

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 levels
  • 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, off Ikorodu Road, Anthony Village, Lagos Jun 06 - 08 Jun, 2018

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

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

NGN 125,500.00
(Convert Currency)

Mr Abiodun Toki 08033019120

3 – 4 participants: 5% discount 5 or more participants: 10% discount
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