This course covers the most current and advanced methods available in Inventory Management.

The beginning point is BEYOND the APICS’ body of knowledge achieved in the “CPIM” (Certification in Production and Inventory Management).   The attendees will be able to apply these new “state of the art” methods in improving their organizations.

What to expect from this 3 day program:

A)    Inventory management differences for “Lean Organizations”

B)     How ERP / MRP can be “TUNED” to help reduce inventories

C)    “Collaborative Planning Forecasting and Replenishment” (CPFR)

D)    The identification and elimination of causes for inventory problems

E)     How to PROPERLY reduce inventory investments

F)     Elimination of “Stock-outs”

G)    Achieving Inventory Turns increases (a.k.a. “Turns Ratio”)

H)    Identify “Inventory Carrying Costs” (ICC)

I)       Increase profits / Decrease expenses by reducing Inventory Carrying Costs 

J)       Implementing “Vendor Owned / Vendor Managed Inventory” (VOI/VMI)

K)    Supply Chain Management (SCM) opportunities and how to achieve them

L)     Increasing “Inventory Record Accuracy” quickly

M)   Determining “current state” of the organization’s inventories

N)    Ascertaining optimal “future state” of organization’s inventories

O)    Create project schedule to map evolution from “current state” to “future state”

Who Should Attend? This course is designed for members of:

            Supply Chain Management

            Procurement

            Sales and Operations Planning team

            Demand Management / Forecasting

            Finance

            Planning / Scheduling

            Warehousing

            ERP Management