OBJECTIVE:
The ultimate goal is to provide participants with an appreciation of the need to control inventory, which represents a significant investment for an organization. They are provided with a sight into how their function can affect profitability and are introduced to a range of modern techniques for securing the efficient storage of inventory.
CONTENT:
*The Store Function
– Purpose and responsibilities
– Reasons for holding stock
– Cost of holding stock
– The cost of poor service
*Stores Layout and Equipment Selection
– Range of equipment
– Space utilization characteristics
– Rationale for selection
– Location system: fixed or random
– Essential working practices
– Securing
– Reducing stock loss
Store Documentation Data Collection
– Bar coding
– Receipts
– Data capture and transfer
– Certificate of conformance
– Computer application
*Stock Records and Control
– ABC analysis
– Min-max systems
– Re-order systems
– Material requirement planning (MRP)
– Just-in-time (JIT)
*Health and Safety
– Personal protective equipment
– Enforcement and law
– Accident reporting
– Environmental issues
FOR WHOM:
Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.
Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.
DATE:
1ST BATCH: 28th – 30th Apr, 2025
2ND BATCH: 11th – 14th Nov, 2025
25, Queen street, Alagomeji Bus Stop, Yaba, Lagos