Nigerian Seminars and Trainings

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

business logo

Inventory and Warehousing Management Training

By: JK Michaels Consulting  

Lagos State, Nigeria

17 - 21 Jun, 2019  5 days

Follow Event

  

NGN 120,000

Venue: Lagos

This two (2) day course focuses on the operational and strategic management of inventories, the role of inventory management and the professionals behind this important organizational function as it directly relates to the improvement of the company’s competitiveness. It will cover the most important aspects of inventory management from warehouse design and operations through forecasting requirements and parts variety reduction to evaluating inventory practices and building an effective inventory management plan of action.

Course Objectives

This course aims to help the supply chain professional to understand and apply four (4) major and significant aspects of inventory management:

  • Optimize Inventory Levels
  • Build an Inventory Management Plan
  • Design and Manage Warehouse Operations
  • Increase Accuracy, Traceability and Reduce Parts Variety

Participants should be able to understand the financial impacts of inventory and the risks in both over and under holding of inventory  the management of inventory, including lead time management, demand planning and interfacing with other functional groups directly and indirectly involved in
inventory planning and operations.

They should also be able to understand the importance of effective. Warehouse Management in minimizing the cost associated with the storing, moving and transporting goods into and out of the warehouse storage locations; the importance of reconciled physical count balances and system records and most importantly, the efficient, fast, precise and perfectly-timed issuances of the right quality and quantity of stocks to its intended users.

Course Outline

Day 1

  • Introduction - Review of the “Fundamentals”
  • What is Inventory Management?
  • Working Capital Cycle
  • Why is Inventory Management important
  • Why keep Inventory
  • How much Inventory to Keep
  • The Financial Implications of Holding Inventory
  • Inventory Carrying Cost
  • Effect on Financial
  • The Cost of not holding enough Inventory
  • The Role of the Inventory Manager
  • Exercises / Practical Application to Workplace
  • Setting the Stage for Effective Inventory Management
  • Introduction to Effective Inventory Management
  • Inventory Management and  the Supply Chain Strategy
  • Demand Forecasting
  • Lead time Management
  • Exercises / Practical Application to Work / Questions and Answers
  • Understanding SAP Fundamentals and Terminology
  • Inventory Planning
  • Introduction to Inventory Planning
  • Service Level Policies – OTIF
  • Inventory Categorization Techniques
  • ABC Analysis
  • Fast and Slow Moving, Excess, Obsolete and Defective Stocks
  • Traceability and Variety Reduction
  • Inventory Coding Systems
  • The Inventory Management Plan
  • Group Discussion / Practical Application to Work

Day 2

  • Inventory Operations
  • Introduction to Inventory Operations
  •  Monitoring Movements
  • Inventory Accuracy
  • Measuring and Valuation of Inventory
  •  Receipt and Issuance of Inventory
  • Systems to Replenish Inventory
  • How Much to Order – EOQ,
  • When to Place an Order – ROP, JIT
  • Exercises / Practical Application to Work
  • Warehouse Planning and Systems
  • Introduction to Warehouse Planning and Systems
  • Warehouse Location and Acquisition Options
  • Warehouse Design
  • Warehouse Layout
  • Materials Handling and Equipment
  • Warehouse Operations
  • Record Keeping and Communication
  • Perpetual Systems/Continuous Review Systems
  • International Quality Standards
  • Physical Inventory and Cycle Counting
  • Exercises / Practical Application to Work
Lagos Jun 17 - 21 Jun, 2019
NGN 120,000.00
(Convert Currency)

08033596025

We have acclaimed network of internationally certified, practical, professional, A+ rated, best-in –class facilitators with aggregate experience of over 25 years.
Related Courses
Master Certificate in Advanced Project Management Course Master Certificate in Advanced Project Management Course

5 days, 09 - 13 Mar, 2020 

2020-03-09 12:03:00
Lagos State, Nigeria

JK Michaels Consulting

Today’s organizations continue to be driven by external forces. World-wide markets demand smarter solutions, faster turnarounds and, if not lower prices, then higher value. This program gives ...

Accredited Management Consultant Course Accredited Management Consultant Course

3 days, 05 - 07 May, 2020 

2020-05-05 12:05:00
Lagos State, Nigeria

JK Michaels Consulting

This program is suitable for anyone with sound and extensive knowledge of the business world who wishes to understand and develop their professional consultancy skills. The program has been ...

Lean Process Improvement Training Lean Process Improvement Training

2 day, 07 - 08 Apr, 2020 

2020-04-07 12:04:00
Lagos State, Nigeria

JK Michaels Consulting

Lean process improvement training is a system of steps that help organisations reduce waste by focusing on customer value. By identifying how customer value flows across every aspect of the ...

Campaign Development and Management Course Campaign Development and Management Course

2 day, 28 - 29 May, 2020 

2020-05-28 12:05:00
Lagos State, Nigeria

JK Michaels Consulting

Business Development Master Class Training prepares participants to meet and surmount requirements for crafting, deploying and managing strategic value proposition along with dynamic considerations ...