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Best Practice in Inventory Management Course

By: Alpha Partners

Lagos State, Nigeria

23 - 26 Jul, 2019  4 days

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NGN 150,000

All organizations need to maintain inventory in various forms like raw materials, work in progress (WIP) and finished products. However, maintaining inventory at optimum level is a perennial challenge. On the one hand there is risk of stock out and building up of excess inventory on the other. Hence, maintaining inventory at optimum level is essential for business organizations which can lead to additional profits and to equip the stores/ inventory professionals with effective inventory management strategies.

Content

  • What Inventory and how it impacts our business?
  • Challenges in managing the inventory
  • How to calculate Ordering Cost and Inventory Carrying Cost
  • What is ABC (Class of materials) analysis and how to use it?
  • How to improve productivity through ABC analysis?
  • How to do the scientific selection of the vendors?
  • What is EOQ and how to calculate EOQ for various price bands?
  • How to calculate Total Material Cost and its use for negotiations
  • How to determine various stock levels
  • KPIs (Key Performance Indicators) for managing the inventory
  • KPIs for managing the vendors
  • KPIs for managing the warehouse

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), Yaba Lagos. Jul 23 - 26 Jul, 2019
NGN 150,000.00(The Workshop fee is N150,000.00 (One Hundred and Fifty 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

5% discount for 3-5 participants and 10% discount for 6 and above number of participants from the same organization.
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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