STORES KEEPING AND INVENTORY MANAGEMENT

Registrations are closed

Live-Online Training: N 166,625
Classroom Training: N 247,250
3 - 4 participants: 5% discount
5 or more participants: 10% discount

 (Available also for Customised Training by Duration, Venue & Fee)

Course Objectives

Efficient warehouse operations do the following:

  • Understand the strategic importance of stores keeping and inventory management for company profitability.
  • Provide timely customer service to production and distribution
  • Keep track of items so that they can be found easily and correctly.
  • Implement good housekeeping practices.

Course Contents

DAY ONE
Introductory Overview of Stores and Inventory
• Stock identification and recording procedures
• Replenishment policies and inventory planning
• Management strategies involved in creating an efficient warehouse
• Inventory control
• Inventory improvements and the Supply Chain.

DAY TWO
The Guidelines
• Inventory:
- Ordering
• Flow of Materials:
- Purchased materials
- Work In Progress (WIP)
• Numbering and classification systems for different stores items
- Numeric
- Combination of numeric and alphabet.
• Stock Control
- Stock Classification
- Stock Counts
- Stock Accuracy
- Stock Valuation
- Safety Stock
- Stock Keeping
- Reporting Processes for Stock
- Processing of Stock-Essence of Timing.

DAY THREE
• Issuance of materials, FIFO, LIFO, etc.
• Finished Goods:
- Distribution Planning
- Distribution Control
• Stores and related documentation
• Inventory management
• Handling of Returned Goods/Objections.
• Treatment of discrepancies

DAY FOUR
• How to be in control of Inventory Turnover
- What is moving, what is not
- What is to be ordered, marked down, replaced
• Stores Stock-taking.
• Stores Personnel:
- Honesty
- Diligence
- Accountability
- Numeric competence
- Observant
- Neat/orderly
- Hard working
- Good interpersonal relations
• Health, Safety & Environment (HSE)
- Identification and assessment of inventory risks.

Date & Time
Tuesday
April 2, 2024
Start - 8:30 AM
Friday
April 5, 2024
End - 3:00 PM Africa/Lagos
Location

Tom Associates Training

5/7, Alade Lawal Street, Opposite Anthony Police Station, Off Ikorodu Road, Anthony Village,
NG-LA
Nigeria
+234 817 859 1654
+234 809 276 3968 | +234 810 365 2225
tomassociatestraining@yahoo.com | info@tomassociatesng.com
Get the direction
Organizer

Tom Associates Training

+234 817 859 1654
+234 809 276 3968 | +234 810 365 2225
tomassociatestraining@yahoo.com | info@tomassociatesng.com