Advanced Inventory And Warehouse Management

Advanced Inventory And Warehouse Management


Objectives
This seminar will provide you with a closer look at how to use lean tools and techniques in inventory control and management with emphasis on forecasting, calculation of economic order quantities and determining appropriate safety stocks. “Effective inventory management allows you to meet or exceed your customers’ expectations of product availability while carrying the quantity that will maximize your net profits.”

Outline

  • Assessing how much inventory you have, Key Inventory Indicators
  • Using Lead Times to calculate when to Order Stocks
  • Calculating Safety Stocks
  • Economic Order Quantity Analysis
  • Calculating Ordering Costs, Calculating Holding Costs
  • Profiling your Inventory
  • Price Break Analysis, Ranking Analysis
  • Counting your Inventory, Inventory Control Tools
  • Pareto Principle
  • ABC Inventory Control, Cycle Counting
  • Applying Lean Methods to Inventory
  • The principles of Just in Time (JIT) Inventory Management
  • Forecasting your Inventory
  • The effect of inventory size on the profitability of a business

Seminar Details

  • Dates :February 20th - 22nd | May 15th - 17th
  • Fee :₦150,000.00
  • Location :Lagos, Nigeria