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INVENTORY
MANAGEMENT SIMPLIFIED
- techniques to Increase Availability &
Reduce Investment
8:30am
to 12:00pm, March 19, 2003, Rm. 527-528, Podium 4 Level 5, RCBC
Plaza Makati City
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| Objectives |
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Do
you want your business to become World Class and prosper through
this millennium? |
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Do
you want to deliver improved levels of service to your Customers? |
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But
without significant increases in inventory investment? |
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Do you want to reduce the risk of left-over & obsolete
stock by having just the right amount of inventory? |
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This
seminar will assist you in answering YES! to these questions,
and provide examples of practical, easy-to-implement techniques
to manage your inventory.
Inventory Management is a Balancing Act – the competing
demands of Sales and Manufacturing for more stock and more
production, balanced against the business Financial constraints
and the Supply Chain objective to ensure that it is always
the right stock that is available!
This half-day program is designed to take the mystery out
of Inventory Management and provide Senior Managers from
all Business functions with clear understanding of the concepts,
plus some concise, impactful techniques.
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| Course
Content |
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Inventory
Management – Objectives & Benefits, Types of Inventory,
Ownership, Inventory Management Maturity |
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Customer-Driven
Inventory Process – Locations, Range, Categories, Service
Level Targets etc |
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Proven
Inventory Management Techniques – Safety Stocks, ROP,
Push v. Pull, JIT etc |
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Inventory
Reduction – where to start? |
| Who
Should Attend |
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Directors
& General Managers looking for some clear and proven processes
to drive significant improvements in Customer Service and
reductions in Working Capital |
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Logistics/Supply
Chain & Inventory Managers who have responsibility for
managing the Balance between too much, and not enough, of
the right stock |
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Other
Functional managers whose support is very important to meeting
the organization’s inventory management objectives, eg
Sales, Marketing, Production, Finance |
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| What
will you gain? |
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Gain
keen awareness and understanding of the impact of systematic
approach to Inventory Management |
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Learn
different ways to measure Inventory Management Results,
and which method should be used in what circumstances |
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Learn
proven techniques to maximize inventory availability,
whilst also reducing inventory |
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Identify
methods to obtain some quick wins in inventory reduction |
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