Inventory Management Fundamentals

Closely Managing Inventories for Greater Profit and Growth

How much of your company's assets are tied in inventories? Many companies have discovered that, ultimately, the money is in the inventory. No matter how great your sales team is, in the end, profit depends on your inventory people having the right products, in the right place, in the right quantities and at the right time.

This workshop will teach your staff the invaluable techniques and best practices in inventory management. It is designed for your new inventory staff and those who need to review and get updated on inventory management techniques.

Benefits of the Program

• Reduce your Inventory costs
• Gain better control of your Inventory
• Avoid stock-outs while minimizing costs

What you will Cover

• Why we Keep Inventory
• The True Cost of Inventory
• Just-in-Time Inventory
• Methods of Controlling Inventory
  • Perpetual Inventory
  • Physical Inventory
  • Cycle Counting
• The Pareto Principle (80/20 Rule)
• ABC Method of Inventory Control
• Calculating when to re-order
• Ordering Costs
• Holding Costs
• Calculating the Economic Order Quantity to re-order
• 4 Ways to calculate safety stock
• Small vs Large Inventory Workshop
• Vendor Managed Inventory
• Ordering Cycles and the Bull Whip Effect
• 10 Ways to Reduce Inventory Cost while Increasing Customer Service

Who Should Attend

• Inventory Staff
• Warehouse Staff
• Office Staff

Methodology

The workshop is a fun and stress-free learning experience with:

• Short lectures
• Visual presentations
• Workshops
• Group discussions

Additional Benefits of the seminar

• Buffet Lunch at a nearby hotel
• AM and PM snacks
• CD of Seminar Materials
• Certificate of attendance
• Free Wifi Internet Connectivity

Venue

LI Training Room, 204 Languages Internationale Bldg., 926 Arnaiz Ave (formerly Pasay Road), Makati City, Philippines.

Register Now for Early Bird rate and Save!

Pre-registration is required. Slots are limited so register Now! You may also send an email to seminars@rmpconsultancy.com or call Chili or Lydes at 813-7824 or 810-7765 Mobile Nos: Smart 0939 627 3630 Globe 0915 799 9859

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