Inventory Planning and Stock Control

  • Start Date

    23 Sep, 2019

  • End Date

    27 Sep, 2019

  • Price

    $3,000

Event Details

  • Plan and Control stock successfully and cost effectively using proven techniques of inventory management
  • Forecast demand and control lead time
  • Classify, count and reduce inventory
  • Reduce inventory investment and surplus
  • Use the right key Performance Indicators (KPIs) for the measurement and evaluation of the inventory department

 

CONTENT

Introduction to Inventory Management

Objectives and Responsibilities of Inventory Management

Customer Service in Inventory Management

Inventory Management

 

Description and Classification of Inventory

Types of Inventory

 The ABC Inventory Classification

Materials Specifications/Cataloguing

 

Forecasting Demand and Lead Time

Techniques of Forecasting

Control of Lead Time

 

Inventory Systems

Inventory Costs

The Max-Min System

When and How Much to Order

Controlling Safety Stocks

 

Counting and Controlling Inventory

Counting Methods and Accuracy

Periodic and Cycle Counting

 

Reducing Inventory Investment

Identification and Disposal of Surplus

Material Requirement Planning (MRP)

Just-In-Time (J.I.T) Method

 

Measuring Inventory Management Performance

Key Performance Indicators (KPIs) and Targets

Qualities of the Inventory Specialist

 

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.

 

DATE:

1 Week:                      23rd – 27th September, 2019

Other Dates

Start Date End Date
23 Sep, 2019 27 Sep, 2019
  • Venue

    SunLodge Hotel, Off Achimota - Circle Road behind the Shell Filling Station at No. 76, 4th Road (Saxel Estates) Tesano – Accra, Ghana

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