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1. Inventory Management and
Optimization
3 – 5 August, 2015 |The Resource Space,Lagos, Nigeria.
This course is available for IN_HOUSE: For further information, please contact: Tel: +234 8037202432, Email:petronomics@yahoo.com. Web: www.thepetronomics.com

2. OVERVIEW
Effective inventory management plays a crucial role in the
smooth and efficient running of business organization.
Reducing excess inventory and investing in the right
inventories leads to better customer service, better
inventory turnover—and a healthier bottom line.
This training programme has been designed to equip
participants with the critical tools and techniques to analyze
and control inventory—from cost-cutting techniques to
day-to-day management and the latest developments in
inventory handling, including the basics of JIT and lean
manufacturing.
LEARNING OBJECTIVE
At the end of the programme, participants will be able to;
 Identify the goals and objectives of inventory
management, a measure their process against
these goals.
 Analyze tradeoffs between inventory costs and
customer service levels
 Determine how to measure and improve
inventory performance
 Understand and manage variability that impacts
inventory
 Evaluate how to tradeoff transportation and
inventory costs
 Determine how to optimize inventory levels to
meet service requirements
 Understand the basics of inventory and forecasting
technology
PERFORMANCE FOCUS
Our programmes are significant investment for your
workforce. They are designed to fill identified industry
knowledge gap and provide hands-on applicable know-how
that gives participants a deeper insight on their deliverables.
The various modules are cultured to encourage
stakeholders to aspire the attainment of operational
efficiency along the business chain.
COURSE CONTENT
Module 1:
Introduction to Total Supply Chain Management
 The Supply Objectives (The six “rights”)
 Functions and responsibilities within the Supply
Chain
 Inventory Accounting
 Inter-functional Co-operation
 Impact of Functions and Sub-functions on Total
Cost
 Communication
Module 2:
The Fundamentals of Stock Control
 Factors affecting Stock Control
 The Nature of Demand
 The Pattern of Demand
 The Predictability of Demand
 Stock Levels and Stock-outs
 Warehousing Support
Module 3:
Differential Stock Control
 Applying Pareto Analysis to Inventory Management
 ABC Categorisation
Module 4:
Stocktaking & Stock Checks
 Types of Stock-take
 Stock Record Updating
 Discrepancy Investigation Checklist.
 Principles of Stocktaking
 Conduct of the Count
Module 5:
Classification and Coding
 Categorisation of Materials and Supplies
 Methods of Coding
 Digital Significance Coding System Development
 Stores Catalogue Maintenance
Module 6:
Provisioning and Forecasting Demand
 The Stockholding Conflict
 Provisioning
 Range and Depth of Stockholding
 Calculating the Requirement
 Economic Order Quantity
 Operational Costs
 Forecasting the Requirement
Module 7:
Determining Safety Stock Levels
• Applying Differential Stock Control
• Setting the Safety Stock Level
Module 8:
Questions and Discussions
• Delegates are invited to discuss issues that have
arisen either as a result of their attending the
workshop, or from their own experiences in their
place of work.
CURRICULUM
The effective management of warehouse operations and
inventory control are critical to the supply chain of any
organisation. The ability to maintain a smooth, constant and
efficient flow of goods and services to industry and society
provides a significant challenge in terms of processes,
organisation and cost.
The course organization and delivery was
efficient. The venue personnel were very
friendly and polite. David (NPDC)

3. WHO TO ATTEND
• Supply Chain / Logistics Managers
• Inventory Managers
• Warehousing Managers
• Financial Managers
• Procurement Managers
• General Managers
• Supply Chain Analysts
DELIVERABLES
Our training programmes are exciting learning events. All
participants during the programme entitled to all course
materials and a certificate of participation. On a written
request, we shall furnish you with a detailed report
summarising our perception of participants’ strengths, areas
for improvement and proposed action plans within four
weeks of concluding the course. Our feedback process
ensures your objectives are achieved by the conclusion of
our training process.
PROGRAMME FEE
The programme fee covers tuition, course materials.
Payment is due upon receipt of the invoice. Our
cancellation policy applies.
- N126,000.00 per participant
IN-HOUSE TRAINING
Petronomics Training can work with your organization to
provide the course to meet your budget at your
convenience (time and location) in the comfort of your
working environment. This collaborative effort, emphasize
actionable learning, the application of theory in practice and
combine core business skills/technical knowledge with
dynamic leadership training.
If you would like to discuss possible collaboration in
developing in-house training, please contact on the details
below.
REGISTRATION
To nominate a participant for this training, kindly forward
the details of your nominated participants, (i.e. name, email
address, telephone nos.) and stating the course your
participant are registered.
To nominate a participant for this training, kindly forward
the details of your nominated participants, (i.e. name, email
address, telephone nos.) and stating the course your
participant are registered.
Business Development Desk
Petronomics Training
Telephone: 08120996728
0803 720 2432
Email: ayantola.victoria@thepetronomics.com
petronomics@yahoo.com
www.thepetronomics.com
ABOUT US
At Petronomics, energy expertise is our resource and
inspiring competence is what we enjoy. The application of
knowledge in driving innovation and ultimately possibilities
is the catalyst that steer a distinctive value proposition.
Braced with visionary advisory board, inspired/cultured
workforce and experience faculty, we provide superior
intellectual resource pool that bridge competency gap for
industry operators. The benefits of our expertise are
accessible through learning programmes, research and
conference services; a blend that sets us as the preferred
pool, professionals approach to upgrade business skills
THE LEARNING APPROACH
In resourcing industry workforce competency, we develop
skills and experience that employer’s value by offering a
comprehensive range of flexible learning options to meet
their learning and development needs through a broad
range of learning approach that offers intensive and
enjoyable experience to participants. Participants benefit
from lectures, case study analysis, group discussion,
workshop, and are also encouraged to learn from other
managers and professionals on their programme by sharing
ideas and experiences. We place a particular emphasis on
group work where participants’ real life situations are used
as vehicles for learning.
FACULTY
Key to our approach is the quality to the faculty members.
Every faculty member on our 20 member team is rigorously
assessed and contracted in line with our Standard
Operating Procedure. Each of them understands that they
have to deliver training and supporting documentation to
the highest standard. They comprise of professionals with
outstanding track records in their area of specialty. Whilst
they bring to bear several years of hands-on experience in
the industry, they are committed to knowledge growth and
have an understanding of the link between strategy and
knowledge capital.
LEARNING ENVIRONMENT
Our programmes are conducted in a decent and cozy
environment globally. We ensure that our participants are
relaxed to refresh in an ambience well conducive for
inspiring and creative brainstorming that accelerate the
learning curve of individual participants. In consolidation of
our value chain, locations are carefully considered using our
five star QC indicator like security, banquet facilities,
accessibility and customer services. Our programme team
works with the facility staff to ensure a personal and warm
welcome to participants.