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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 405103
 
Credit & Course Provided by:

Best Practices for Calculating Safety Stock and Service Levels

Live Webinar
March 6, 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

Understand the power of safety stock and how to calculate it.

How do you know when there is enough inventory to meet demand? When is the right time to buy? How much should be purchased? Holding too much inventory consumes cash, space and may lead to shrinkage and obsolescence, while holding too little leads to back orders, production delays, expedited shipping and unhappy customers. In this topic we will explore inventory and purchasing concepts, how to use data to glean insight about your products and how to establish a 'systematic approach' to purchasing.

Learning Objectives

  • You will be able to review inventory on hand vs. service level.
  • You will be able to explain a systematic approach using reorder points.
  • You will be able to discuss inventory usage patterns.
  • You will be able to describe valuation methods.

Registration

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