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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 404945
 
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Right-Sizing Inventory: Common Pitfalls to Avoid

Live Webinar
June 25, 2019
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
Live Webinar$199Register Now
Can't Attend?   Audio & Reference Manual$199Add to Cart

Gain a better understanding of the proper regulations needed to follow when managing inventory to best avoid consequences.

In a perfect world, a lean supply chain would have no idle inventory, material would flow continuously at the rate of customer demand. Unfortunately, even in the leanest supply chains, inbound lead times often exceed today’s aggressive consumer delivery expectations. How can companies maintain the appropriate inventory levels to remain competitive? In this material, you will learn why idle inventory is considered waste and see the negative effects of having too much on hand. You will learn the importance of SKU classification (traditional ABC vs. lean thinking). We will compare the differences between cycle, buffer, & safety stock, and explain when you need each. You will not only learn new calculations for right-sizing your inventory, you will gain a deeper understanding of the inputs or levers that can be used to raise or lower inventory levels at lineside or in the warehouse.

Learning Objectives

• You will be able to review inventory control systems.

• You will be able to discuss the different types of inventory.

• You will be able to describe how to perform basic inventory calculations.

• You will be able to recognize service level and risk factors.

Registration

Live Webinar$199Register Now
Can't Attend?   Audio & Reference Manual$199Add to Cart