WORKSHOP ON INVENTORY MANAGEMENT

PROGRAM OVERVIEW
Knowledge of Inventory Management is critical for the effective management of procurement and the supply chain, however Inventory it is commonly not understood. Therefore, too high levels of inventory are held with attendant increases to costs, product obsolescence etc. This course examines the renewed emphasis on running organizations leaner, effectively and efficiently. The renewed pressure to reduce cost as well as investment, while maintaining customer service levels is essential in world-class performance. Inventory Management is still one of the least understood
practices in many companies and managers often fail to see the causal link between Inventory Management and good business results.

WHO SHOULD ATTEND?
■ Those new to managing inventory
■ Those non-inventory people who need to gain an awareness of the issues and key drivers of
stock control operations
■ Inventory, Stock, Supply Chain, Logistics, Warehouse and Distribution Professionals

LEARNING OBJECTIVES

This workshop will help you learn how to:
■ Understand the importance of inventory & the role it plays in the profitability of the company
■ Examine the most appropriate method for managing an item
■ Understand the value chain in inventory management
■ Apply best methods to optimize the investment in inventory
■ Examine the appropriate inventory management technique for each type of item

COURSE OUTLINES

■ Module 1- Inventory key concepts
■ Module 2- Inventory and the supply chain
■ Module 3- Inventory Replenishment Methods and Systems
■ Module 4- Inventory recordings
■ Module 5- Inventory strategies
■ Module 6- Inventory improvements

METHODOLOGY
■ Delegate discussion and involvement
■ Case studies
■ Exercises
■ Best practice examples

COURSE DETAILS
■ When: 30th - 31st August, 2022
■ Where: Virtual Class (Zoom) and Physical Class (Ilupeju-Lagos)
■ Programme Commences 10am- 3pm each day.
■ Course Fee: N50,000. Early Bird: 5% Discount. 5-10 Participants (5% discount). 11 or more participants. (10% discount). This covers Course materials and Certificate of attendance.