Retail Inventory Management Workshop

Associates Workshops Managers Workshops Owners & C-Level Executives Workshops Retail training Senior Managers Workshops

 

Retail Inventory Management Workshop – October 10, 2019

 

Special Year End Offer: N55,000 Per Participant
(Regular Fee: N69,950 per Participant)

 

🔴 REGISTRATION:

 

 

TESTIMONIAL:

The workshop was mind blowing. I gained a whole lot of knowledge that would help me improve myself and my company…. Amrophe Peter Okiemute,  Store Keeper @ Grandex Stores.


OVERVIEW

The Retail Inventory Management Workshop is designed to help retail management personnel understand retail inventory – its true and full cost; and why dead inventory is ‘cancer’ to profitability.

The efficiency of a retail business is based on the retailer’s ability to provide the right goods to the consumer, in the right quality, in the right quantity, at the right place and in right time. The entire process of retailing depends on the efficient inventory management. Inventory Management is one area that differentiates successful and unsuccessful retail businesses.

Retail inventory management is the core process to a successful retail business operation. The right management of inventory investment equals outstanding revenues, while poor retail inventory management is a recipe for disaster.

 

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;
  • discover the hidden opportunities through focused analysis of key retail metrics;
  • know how to keep investment in inventory at minimum possible while minimizing the risk of under or over stocking, stock-outs and lost sales;
  • analyze product sales patterns and use the result to plan inventory forecast;
  • 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 minimise shrinkage;
  • understand how to maximize overall profit margin through efficient inventory management; and
  • articulate solutions for effective and efficient inventory management strategies and tactics that drives turnover, increase cash flow and other validated benefits to retailers.

 

TARGET AUDIENCE

Retail Owners, Operations Managers, Regional/ District/ Area Managers, Store Managers, Stock Managers, Audit Managers, Retail Account Managers, Product Managers, Product Development Managers, Trade and Customer Marketing Managers, and anyone involved in retail account management


Duration:
1 Day

 

VENUE: Bervidson Training Center, Lekki Phase 1, Lagos

 

 

OUTLINE:

Inventory Management Overview

  • What Inventory Management Is
  • Key Inventory Challenge & Dilemma
  • Inventory Costs
  • Purpose Of Holding Inventory
  • Establishing Effective Inventory Management system
  • The Consequence of Poor Inventory Management System

Key Inventory Performance KPIs & Metrics For Effective Inventory Management

  • Gross Margin
  • GMROII
  • Reorder Level
  • Open to Buy (OTB)
  • Inventory Turnover Rate
  • Cash Conversion Cycle
  • Sell-Through Rate
  • Weeks of Supply (Weeks of Stock)

Merchandise Structure

Merchandise Planning

  • Vendor Selection
  • Inventory Classification Methods For Effective Management
  • Demand Forecasting Methods
  • Inventory Counting Methods
  • Inventory Valuation Methods
  • Warehouse Challenges & Management

Product Integrity – Preventing loss of inventory

  • Product Storage Conditions
  • Product Presentation

Managing Product Expiry

 


WORKSHOP FEE:

Special Year End Offer: N55,000 Per Participant
(Regular Fee: N69,950 per Participant)

 


WORKSHOP REGISTRATION
:

 

 


PAYMENT DETAILS:
You can pay online @ MAKE PAYMENT OR pay directly to:You can please pay Online OR credit our account below directly.

  • Bank: FCMB
  • Account Name: Bervidson Consulting Limited
  • Account No: 3432812015

 

SOME OF OUR CUSTOMERS:

Retail Inventory Management Workshop

 

 

For more information, call or email us, or visit our website 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 , programs.bervidson.com

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