Retail Inventory Management Workshop


Good exposure to new retail and inventory management techniques.

New lessons learnt will be used to improve and enhance
the growth of our retail business.

– Chris Ehimen, Executive Director @ Nett Pharmacy

 

OVERVIEW

The 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.

One of the most time-consuming tasks in operating a retail business is keeping up with inventory. Unless the retailers have a very narrow product mix, they will spend a significant amount of time tracking inventory. Although it requires work and discipline to maintain, a good understanding of what inventory management is, why it matters and how to effectively and efficiently manage inventory will make it easier for the business to meet the needs of your customers, generate more sales and profits that key to growing a successful business.

 

WORKSHOP OBJECTIVES

At the end of the workshop, participants will:

  • discover the hidden opportunities through focused analysis of key retail metrics;
  • build an effective sales forecast;
  • 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

 

 

OUTLINE

  • Introduction to inventory management
    • What inventory Management Is
    • Why Hold Inventory
    • Inventory management checklist
  • Merchandise Structure
  • Merchandise Planning
    • Forecasting
    • Determination of optimal Inventory Levels
    • Inventory Valuation
    • Open to Buy
  • Buying
    • Assortment and Allocation Planning
    • Order placement
    • Vendor Negotiations
  • Effective Stock management
    • Availability
    • Reorders
    • Shrinkage
    • Optimize inventory
    • Inventory Control Charts
    • ABC analysis
    • Cash conversion cycle
    • Stock counting
    • Key tips
    • Warehouse Operations
    • Inventory Review & Analysis
    • Markdown strategy
    • Returns Strategy

 

FEE: N99,500 Per Participant (Group Rate Available)

 

PAYMENT DETAILS:

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

 

 

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, 803 343 4776, 809 334 4776, 808 933 8444
info@bervidson.com , www.bervidsonretailgroup.com

 

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