Retail Inventory Management Workshop
Availability:
- Classroom – August 17, 2023
Overview:
Retail Inventory Management Workshop 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 right time.
The Workshop seeks to help inventory management personnel understand inventory – it’s 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:
Inventory Management Workshop is a retail business management certification course. As such, participants will be issued certificates at the end of the workshop.
Objectives:
At the end of the workshop, participants will:
- know how to achieve smooth fulfilment 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 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 inventory counting system, 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 drives turnover, increase cash flow and other validated benefits to retailers.
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
WORKSHOP 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
Target Audience: Retail Business Owners, Senior Managers, Store Managers, Inventory Managers, Buyers, and Auditors
Delivery Method:
- Facilitation, Presentation (PPT)
- Cases
- Discussion
Date:
- Classroom – August 17, 2023
Time:
- Classroom – 9:00am – 5:00pm
Venue:
- Classroom – Bervidson Training Center, 3B Hakeem Dickson Road, Lekki Phase 1, Lagos
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, +234 808 933 8444 info@bervidson.com , www.bervidson.com
NB:
Transforming Businesses through Tailored Training Solutions
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CONTACT US:
Looking to grow your company but not sure where to start? Every company is different and as a result, each company requires a different approach.
Whether Training, Recruitment, Web, Branding or Marketing solutions, our expert team at Bervidson Group are able to assist in advising you on the best solution for your business.
- Call: +234 1 291 7328, +234 803 343 4776, +234 809 334 4776, +234 808 944 8444
- WhatsApp: +234 803 343 4776
- Email: info@bervidson.com
- Website: www.bervidson.com
