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Inventory / Stock Control Training

By: Tom Associates Training  

Lagos State, Nigeria

13 - 15 Jul, 2022  3 days

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NGN 155,000

Venue: 5/7 Alade Lawal Street, Off Ikorodu Road, Anthony Village, Lagos

Other Dates

Venue Date Fee  
5/7 Alade Lawal Street, Off Ikorodu Road, Anthony Village, Lagos, Lagos State, Nigeria 17 - 19 Oct, 2022 NGN155000

This programme can run as an online or classroom training (Available also for Customised Training by Duration, Venue and Fee)

Programme Objectives

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, Off Ikorodu Road, Anthony Village, Lagos Jul 13 - 15 Jul, 2022
5/7 Alade Lawal Street, Off Ikorodu Road, Anthony Village, Lagos, Lagos State, Nigeria 17 - 19 Oct, 2022

Registration: 08:30:am - 03:30:am

NGN 155,000.00(VAT Inclusive)
(Convert Currency)

Mr Abiodun Toki 08033019120

LIVE-ONLINE: N135,000 CLASSROOM: N155,000 3 – 4 participants: 5% discount 5 or more participants: 10% discount

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