Advanced Forecasting and Inventory Management

Date Format Fees  
24 Nov - 27 Nov, 2020 Classroom ₦175,000 Register
24 Nov - 27 Nov, 2020 Classroom ₦175,000 Register
08 Jun - 11 Jun, 2020 Classroom ₦175,000 Register

Event Details

Organizations are much more healthy and productive when they have effective warehouse and inventory operations that provide superior customer services and protect availability.  By the end of this workshop participants will be able to:

* Forecast demand and control lead time

* Reduce inventory movement and surplus

* Classify, count, reduce inventory and eliminate wasteful costs.

 

CONTENT:

*Forecast Overview

· Forecasting that works

· New rules for effective inventory control

· Integrating inventory plans with business plan

· Forecast Accuracy measurements

 

*Creating useful Inventory Forecasts

· Projections for capacity and load planning

· Aligning systems settings with inventory projections

· Monitoring inventory flow against the forecast

 

*New Roles for Inventory Control Personnel

· Effective Expediting

· Developing Logical Ordering Strategies

· Reviewing every item, every day in a weekly work plan

 

*Distribution Requirements Planning (DRP)

· Supply chain management

· Impact of warehousing activities

· Benchmarking world class inventory management system

 

*Advanced Inventory Control Strategies

· Evaluation of price breaks

· Automating replenishment orders

 

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:

1ST BATCH                        8th – 11th June, 2020                                                      

2ND BATCH                       24th – 27th November, 2020

  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lagos.

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