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Inventory (Stock) Control Training
NGN 130,000
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Venue: 5/7 Alade Lawal Street, Off Ikorodu Road, Anthony Village, Lagos
The Objectives of Inventory (Stock) Control is as below
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.
Note: Available as Classroom Training as Well as Online Training
5/7 Alade Lawal Street, Off Ikorodu Road, Anthony Village, Lagos | Oct 20 - 22 Oct, 2021 |
Registration: 09:00:am - 04:00:am
NGN 130,000.00 | (VAT Inclusive) |
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.
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Inventory Control Stock Control Courses in Lagos Training in Lagos Seminars in Lagos Workshop in Lagos E-Learning Virtual Training Online Course Nigeria Africa April 2021 |
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