Retail Inventory Management Training Program
Availability:
- Classroom – February 16, 2023
Overview:
Retail Inventory Management Training Program is designed to provide retail business managers and leaders with the skills to improve the efficiency of their retail businesses while providing the right products to the consumer, in the right quality, in the right quantity, at the right place and in the right time.
The training seeks to help inventory management personnel understand inventory – its true and full cost; and why dead inventory is ‘cancer’ to profitability. The entire process of retailing depends on the efficiency of the inventory management system. Inventory Management is one area that differentiates successful and unsuccessful retail businesses. It is the core of a successful retail business operation.
The right management of inventory investment equals business success – outstanding revenues, minimized cost, lower expiry ad pilferages, etc; while poor inventory management investment is a recipe for disaster and exactly the opposite.
Certification:
Retail Inventory Management Training Program is a retail business management certification course. As such, participants will be issued certificates at the end of the training.
Training Objectives:
At the end of the training program, participants will:
- know how to achieve smooth fulfillment of orders by matching supply volumes to customer demand;
- know how to define, measure and track KPIs that are critical to inventory management and performance success;
- know how to keep investment in inventory at the minimum possible while minimizing the risk of under or over-stocking, stock-outs and lost sales;
- gain critical skills in the management of fast-moving products, slow-moving products and product expiry;
- understanding the different inventory forecasting methods, how and when to use them, and why;
- understand the different methods of inventory classification for efficient management, how and when to use them, and why;
- understand the different methods of inventory valuation, how and when to use them, and why;
- understand the different methods of the inventory counting systems, how and when to use them, and why;
- know how to minimize shrinkage;
- understand how to maximize overall profit margin through efficient inventory management and focused analysis of key retail metrics; and
- articulate solutions for effective and efficient inventory management strategies and tactics that drive turnover, increase cash flow and other validated benefits to retailers.
Training Fee:
- Classroom – N69,950 Per Participant
Registration & Payment:
Register your nominees and pay online here
OR
Send all nominations to info@bervidson.com and make payments to:
- Bank: FCMB
- Account Name: Bervidson Consulting Limited
- Account No: 3432812015
TRAINING OUTLINE:
- Key Inventory management challenges & Dilemma
- Purpose & Cost of Holding Inventory
- Pillars of an Effective Inventory Management System
- Inventory Management KPIs & Metrics
- Merchandise Planning
- Vendor Selection
- Inventory Classification Methods
- Demand Forecasting Methods
- Inventory Counting Methods
- Inventory Valuation Methods
- Managing Product Expiry
- Warehouse Management & Challenges
NB
DOWNLOAD YOUR TRAINING CALENDAR BELOW:
Retail Inventory Management Training Program
Target Audience: Retail Business Owners, Senior Managers, Store Managers, Inventory Managers, Buyers, and Auditors
Delivery Method:
- Facilitation, Presentation (PPT)
- Cases
- Discussion
Date:
- Classroom – February 16, 2023
Time:
- Classroom – 9:00 am – 5:00 pm
Venue:
- Classroom – Bervidson Training Center, 3B Hakeem Dickson Road, Lekki Phase 1, Lagos
Training Fee:
- Classroom – N69,950 Per Participant
Registration & Payment:
Register your nominees and pay online here
OR
Send all nominations to info@bervidson.com and make payments to:
- Bank: FCMB
- Account Name: Bervidson Consulting Limited
- Account No: 3432812015
For more information, call or email us today.
3B Hakeem Dickson Road, Lekki Phase 1, Lagos Nigeria +234 1 291 7328, +234 803 343 4776, +234 809 334 4776 info@bervidson.com , www.bervidson.com
NB
DOWNLOAD YOUR TRAINING CALENDAR BELOW:
TRANSFORM YOUR BUSINESSES THROUGH TAILORED SOLUTIONS WITH BERVIDSON
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Get In Touch With Us Today.
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FOR FURTHER INFORMATION:
- Phone: +234 1 291 7328,
- Mobile: +234 803 343 4776, +234 809 334 4776
- WhatsApp: +234 803 343 4776, +234 809 334 4776
- Email: info@bervidson.com
- Website: www.bervidson.com
