Inventory Planning & Optimization

Key Course Benefits for attending Inventory Planning & Optimization: Gain competitive advantage through effective inventory management Understand the various components underlying the true full cost of inventory Explore critical factors necessary to accurately forecast future demand of products Ensure that you are stocking the right quantity of the right item in the right location to maximize customer service and profitability Implement different forecasting and replenishment strategies for items with different patterns of usage Increase your employees awareness of bad inventory practices and motivate them to protect your inventory investment Organize your warehouse to minimize the cost of filling orders Establish cost effective procedures to ensure that inventory remains accurate Eliminate dead stock and liquidate unneeded slow moving inventory Understand that an accurate forecast is the key to effective SO&P operations Expert Trainers Profile The Trainer is President of Effective Inventory Management, Inc., a firm dedicated to helping manufacturers, distributors, large retailers and service organizations get the most out of their investment in stock inventory. Jon literally grew up managing inventory in a family owned industrial distribution company. After receiving a degree in economics, he went to work as a consultant for two major computer software companies, specializing in inventory management. He founded Effective Inventory Management, Inc. in 1996. EIM clients range from small one location distributors to Fortune 100 companies. Over the past 30 years, he has helped over two thousand firms improve their productivity and profitability through better inventory management. He is the author of numerous articles and a series of books on effective inventory management including the recently published Achieving Effective Inventory Management – Fifth Edition and the National Association of Wholesale Distributor’s Guess Right - Best Practices in Demand Forecasting for Distributors. In addition he has designed and developed the inventory-related features for many of the popular ERP systems marketed throughout the world. A featured speaker at seminars and conventions throughout North America, Latin America, Europe, Asia, and the Pacific Rim, he has been awarded the title Subject Matter Experts in inventory management by the American Productivity and Quality Center. He has conducted over 400 successful seminars and workshops covering all aspects of effective inventory management for associations including APICS (The Association for Operations Management), MSCI (Metals Service Center Institute), NAPTA (National Power Transmission Association), National Chemical Distributors Association, Purdue University, UID (University of Industrial Distribution) and Aviation Suppliers Association. Target Audience for Inventory Planning & Optimization Directors, General Managers, Heads, Superintendents, Supervisors, Senior Controllers, and leaders of business units such as: Inventory Planning/Management/Control Supply Chain Management Maintenance, Repair & Operations Materials Planning/Management Warehousing Logistics & Distribution Stock Control Spare Parts Management Procurement/Sourcing Demand Planning Sales & Marketing Finance & Accounting And anyone else looking to reduce their inventory costs while maintaining or improving their service level! This course is targeted at all industries, and is particularly relevant to: Mining, Oil & Gas, Chemicals, Utilities, Manufacturing, FMCG, Retail, Construction, Engineering, Electronics, Healthcare & Pharmaceutical, Automotive, Telecommunications, Food & Beverage, Information Technology, Government and others.