Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

Stock Control and Management Training

By: Tom Associates Training  

Lagos State, Nigeria

10 - 12 Oct, 2018  3 days

Follow Event   

  

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 Oct 10 - 12 Oct, 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
Related Courses
Mastering Digital and Social Media Marketing Course Mastering Digital and Social Media Marketing Course

5 days, 26 - 30 Aug, 2019 

2019-08-26 12:08:00
Lagos State, Nigeria

Tom Associates Training

The Mastering Digital and Social Media Marketing training courses will discuss the following: The Digital Marketing Platform What really is digital marketing? Digital marketing vs Traditional ...

Laws Relating to Employment and Regulatory Compliance Course Laws Relating to Employment and Regulatory Compliance Course

3 days, 25 - 27 Feb, 2019 

2019-02-25 12:02:00
Lagos State, Nigeria

Tom Associates Training

This Laws Relating to Employment and Regulatory Compliance Course will discuss the following:           Day One Overview of Nigerian Labour Laws ...

Big Data Analysis and Dashboards with Microsoft Excel for Business Analysis Course Big Data Analysis and Dashboards with Microsoft Excel for Business Analysis Course

4 days, 19 - 22 Mar, 2019 

2019-03-19 12:03:00
Lagos State, Nigeria

Tom Associates Training

This Big Data Analysis and Dashboards with Microsoft Excel for Buisness Analysis Course Contents DAY ONE Pivot Table Default Pivot Table Tabular Pivot Table Pivot Table Filtering Making a very ...

Administrative Functions and Office Management Course Administrative Functions and Office Management Course

5 days, 04 - 08 Nov, 2019 

2019-11-04 12:11:00
Lagos State, Nigeria

Tom Associates Training

A training to deliver the requirements of Administrative Officers, so they are brought up-to-date with what is expected of them at all times. The contents will make administrative staff to be highly ...