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Inventory Management and Control Techniques
If you don't feel up to full
speed on all the important areas of inventory decision making, this
comprehensive seminar will inform you about the newest and best
approaches for your type of organization. The emphasis in this basic to
intermediate level program is on how to plan, implement, and use proven
practices that work. There is a strong focus on approaches and
principles that will have the most dramatic effect on improving your
organization's service levels, reducing costs and investments associated
with inventory, and increasing turnover rate with fewer stockouts.
Inventory Management & Control Techniques addresses the "brutal
facts" of inventory decision making and should be of lasting career
importance to you. It will change the way you apply inventory concepts,
systems, policies, principles, and techniques.
Participants will learn
to:
- Reduce inventory without reducing service
- Forecast your true inventory needs
- Understand inventory costs and their flow
- Attain a higher level of inventory record
accuracy
- Control your inventory items selectively
through item classification policies
- Establish metrics and KPIs to establish and
appraise your inventory performance
- Apply every "three letter" method and
technique available to you-ABC, VMI, EPQ, ROP, EOQ, JIT, DRP, MRP,
PLS, MAD, and MIN-MAX
Recommended for:
- Materials and logistics managers
- Storeroom and stockroom supervisors
- Inventory managers and planners
- Warehouse and distribution managers
- Purchasing and procurement managers
- Customer service managers
- Controllers and comptrollers
- Anyone overseeing the inventory investment
decision-making function with a basic to intermediate level of
experience
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