Effective Inventory Management

Has competition created more pressure on your company to have the products your customers want, when and where they want them? Has increased competition put pressures on your profit margins? Do you have to offer lower prices in order to retain current business and attract new customers?

Take control of what is probably your largest asset:your inventory. Learn how to effectively manage your inventory to increase your company’s productivity and profitability.

This comprehensive two-day workshop explains the newest concepts and latest strategies of 21st-century distribution inventory control and management. You’ll also learn a step-by-step process to develop and maintain an effective inventory management program for your organization.

This seminar is especially beneficial when attended by two people from the same company; the individual responsible for overall operations policies and philosophy, as well as the person responsible for day-to-day warehouse inventory and control.

Participants will learn business policies that promote sound inventory management, how to control material in the warehouse, warehouse operating procedures, when to order and how much to order. Computer hardware and software options and ways to implement a system in your warehouse are also explored. 

Curriculum:

  • Elements of Effective Inventory Management
  • Business Policies Promoting Effective Inventory Management
  • Effectively Controlling the Material in Your Warehouse
  • Warehouse Operating Procedures
  • Ordering Product and Eliminating Stock-Outs
  • Maximizing the Return from Your Inventory Investment
  • Deciding What Products to Stock in Which Locations
  • Setting Goals and Analyzing Your Progress
  • Getting Started on Your Customized Inventory Action Plan

Upcoming Effective Inventory Management Classes

May 20-21, 2008, MSCI HQ, Rolling Meadows, IL

  • Download Course Information and Registration (PDF)
  • Register Online (members only) 
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