Stock Control and Inventory Management
Details
This course provides a range of techniques to help participants decide just that. Effective Inventory Management is critical to many organizations, including distributors, retailers, manufacturers, utilities and many public sector bodies. Practical exercises are included to demonstrate key techniques.
Outline
- The role and cost of inventory
• Buffering uncertainty
• Inventory classification techniques
• Demand pattern analysis
• Calculating stock levels
• Safety stock and order quantities
• Handling variability
• Analysis and reporting
• Implementing a control process
• The organizational role of stores and inventory management in supporting efficient and effective operations
• The scope and purpose of stores management and inventory control
• Identifying patterns of demand and product groups within an inventory
• Analyzing data to set inventory control parameters
• Using computer systems to manage and control inventory levels and warehouse operations
• Measuring supplier service levels in stores and inventory operations
• Basic forecasting processes
FOR WHOM:
Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Speaker/s
Special Offer
Schedules
| Wed, Thu, Fri | 10:00 AM — 04:00 PM |
| No. of Days: | 4 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.
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