How to Reduce Inventory Levels to Increase Your Bottom Line (OnDemand Webinar)

$199.00

SKU: 408339EAU

Description

Learn how to define, assess, prioritize, and implement inventory targets and policies.
Inventory and supply chain managers are often tasked with reducing inventory levels while maintaining high (or higher) levels of customer service. With these seemingly opposed and competing dynamics, inventory managers struggle to find ways to place the right inventory at the right place, at the right time at the lowest cost, while also balancing their planner’s time, effort, and focus. This topic will focus on how to define, assess, prioritize, and implement inventory targets and policies using an inventory segmentation model. It will also discuss how to both track performance to inventory targets and how to identify and implement additional improvements via an Inventory Health metric.

Date: 2021-05-27 Start Time: End Time:

Learning Objectives

Inventory Management Overview
• Introduction
• Benefits of Improving Inventory Performance
• Key Definitions and Inventory Drivers

Common Inventory Target Calculations
• Safety Stock
• Cycle Stock
• Pipeline Stock

Inventory Segmentation Approach to Improve Inventory Planning and Performance
• Segmentation Definition
• Segmentation Approaches
• Segmentation Policies and Strategies to Drive Improvements

Inventory Health Metric Design and Implementation to Drive Both Tactical and Longer-Term Improvements
• Metric Definition and Calculation
• Opportunity Identification
• Review Process and Frequency

AIPB ,ISM ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Daniel Gravelle-EY Parthenon