TrainersDirect Seminars
TrainersDirect presents

Inventory Management and Control Techniques On-Site Training

This seminar will change the way you apply inventory concepts, systems, policies, principles, and techniques.

Course Description/Agenda

Length: 2 days
Number of Participants: Up to 20
Materials: Notebooks and handouts provided

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