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Advanced Procurement, Supplies Management, and International Procurement Course

By: Fontini Consulting Ltd

State, Nigeria

07 - 10 Apr, 2025  4 days

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NGN 365,000

Venue: Lap New World Hotel Jabi Abuja

Other Dates

Venue Date Fee  
Lap New World Hotel Jabi Abuja, State, Nigeria 04 - 07 Aug, 2025 NGN365000
Lap New World Hotel Jabi Abuja, State, Nigeria 03 - 06 Nov, 2025 NGN365000

Participants will be exposed to the best practice methods in purchasing, Supplies and Stores and Management, International procurement, Stock Accounts, fraud managements, stock taking/ documentation will be exhaustively discussed. Your staff member needs to benefit from this very important workshop.

Delegates will:

  • Gain a systematic process for working and performing the Procurement function in your organization. With this training you’ll gain confidence in your job.
  • Learn how to coordinate multiple supply chains operating in parallel.
  • Gain a system/framework to effectively evaluate tenders & bids
  • Learn Procurement best practices and processes.
  • Supplier selection & Management: How to reach optimum balance between material cost price and quality
  • How to ensure your suppliers don’t let you down and how to manage your supplier risks
  • How to find the right suppliers
  • How to manage contracts from beginning to end while minimizing problems

Other Contents:

Fundamentals Of Supplies and Store Management

  • Understanding the meaning of stock i.e. raw materials, work-in-progress and finished goods.
  • Identifying and justifying the need for stock.
  • Store’s locations and management i.e. Central stores, Autonomous stores and semi- autonomous stores, advantages, disadvantages, stores layout, cleanliness etc.
  • Modern store keeping methods
  • Stock requisitioning procedures.
  • The approval process.

Purchasing And Supplies Administration

  • Placing orders
  • Screening suppliers for efficient performance i.e. performance bonds and implementation of terms
  • The tendering process.
  • Issuing purchase orders: the do’s and don’ts
  • Reviewing goods into stores- matching of LPOs, invoice, waybills, receipt vouchers, quality control, certificates etc.

Managing Stock Supplies Levels

  • Identifying the cost of carrying too little or too much stock
  • Maximum stock, minimum stock, reorders level; reorder quantity, economic order quality, etc.
  • Documenting consumption patterns i.e. maximum consumption, minimum consumption, normal consumption, abnormal consumption, lead-time etc.
  • The ‘Just-in-time’ concept
  • Managing wastages: normal and abnormal wastages
  • Stock insurance and security

Stock Fraud Management

  • Types and causes of stock fraud
  • Fraudulent shortage and supplies
  • Internal control issues
  • Fraud-free management of reformed and used spares
  • Falsification of stores and supplies documents
  • The internal audit function.
  • Emerging trends and future challenges
  • Identification and management of fast, slow moving, and obsolete stock

International Procurement

  • Identifying and exploring the international market
  • International procurement” scope, planning and implications.
  • Understanding Nigerian Foreign exchange market including recent developments
  • Shipping term and other uses including marine insurance.
  • Development in freight forwarding business in Nigeria including port reforms by the Federal Government
  • Finance of International trade; bills for collection, letter of credit, bank guarantees and other payment modes i.e. open account, sight payment, nonrecourse finance, factoring and forfeiting etc
  • Fraud control in international procurement business.

Stock Valuation and Accounting Methods

  • Treatment in bin cards, stock ledgers, control accounts trial balance and final accounts
  • Requirements of International Accounting Standard No. 2
  • Computerized stock accounting
  • Internal control implications including stock frauds prevention and management.
  • Issuing stock; Methods, Authorization and Documentation
  • FIFO, LIFO, NIFO, HIFO, simple average, periodic average, with the average, specific identification, standard cost, adjusted selling price etc.
  • The concept of cost, net realization value and apprised value

Public Sector Peculiarise

  • The provision of the public sector financial regulations
  • The provision for the public services rules
  • The implication of several government circulars.
Lap New World Hotel Jabi Abuja Apr 07 - 10 Apr, 2025
Lap New World Hotel Jabi Abuja, State, Nigeria 04 - 07 Aug, 2025
Lap New World Hotel Jabi Abuja, State, Nigeria 03 - 06 Nov, 2025
NGN 365,000.00
(Convert Currency)

Dr Francis Okereke +2348035062583

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