Nigerian Seminars and Trainings

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

business logo

Inventory Control Training

By: Tom Associates Training  

Lagos State, Nigeria

25 - 27 Mar, 2019  3 days

Follow Event

  

NGN 125,000

This course delivers four broad competencies:

  • Reasons for holding Inventory
  • Accurate Inventory records
  • Difference between Stock recording and Inventory control
  • Security of Stores.

Course Contents

DAY ONE

  • Reasons for Inventory
    • 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
    • Inventory turnover
    • Effects on the cash flow
    • Effects on the working capital
    • Profitability - the Return on Investment
  • Managing the Costs
    • Inventory cost implications
    • Ordering cost
    • Running costs
    • Cost of money
    • Wastage
    • Insurance

DAY THREE

  • Systems of Inventory Management
    • 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, Opposite Divisional Police Station, Off Ikorodu Road, Anthony, Lagos. Mar 25 - 27 Mar, 2019

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

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

NGN 125,000.00(VAT Inclusive)
(Convert Currency)

Mr Abiodun Toki 08033019120

Discount of 5% to 3-4 participants from same organization. Discount of 10% to 5 or more participants from same organization.
Related Courses
Root Cause Analysis Training:Diagnosing Underlying Causes of Problems  and Undesired Events Root Cause Analysis Training:Diagnosing Underlying Causes of Problems and Undesired Events

2 day, 22 - 23 Oct, 2019 

2019-10-22 12:10:00
Lagos State, Nigeria

Tom Associates Training

Delegates will become very competent in seven major things: Understand and implement the “Root Cause Analysis methodology" Practically employ the basic techniques associated with Root ...

Financial Modeling and Forecasting Techniques using Advanced Excel Tools Course Financial Modeling and Forecasting Techniques using Advanced Excel Tools Course

4 days, 25 - 28 Feb, 2019 

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

Tom Associates Training

Modeling techniques that this course teaches are used in investment appraisal, capital planning, budgeting, valuation, financial analysis, and forecasting to make accurate financial and business ...

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

5 days, 26 - 30 Aug, 2019 

2019-08-26 12:08:00
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 ...

Experienced Auditors Refresher Programme Experienced Auditors Refresher Programme
On going

5 days, 18 - 22 Feb, 2019 

2019-02-18 12:02:00
Lagos State, Nigeria

Tom Associates Training

This course is designed for senior audit managers. In any excellently managed business enterprise, the Board of Directors and Management look up increasingly to internal audit to help them better ...