Inventory Planning and Stock Control

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  • Start Date

    14 Oct, 2019

  • End Date

    25 Oct, 2019

  • Price


  • WiFi

    Free wifi available

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



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.


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.



2 Weeks:                     14th – 25th October, 2019

Other Dates

Start Date End Date
14 Oct, 2019 25 Oct, 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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