Effective Inventory Planning and Management Training (One Day)
Effective inventory management is challenging. After all, inventory is simply money in another form and we all know how difficult it is to manage money and make it grow. If your business involves buying, storing and selling goods, then this inventory management seminar can help you achieve the optimum inventory levels and accurate inventory count that are vital to your success.
If you run out of stock, you could miss out on an opportunity to make a sale and you are likely to permanently lose the customers you have worked so hard to get.
On the other hand, if you have too much inventory and it just sits in the warehouse, then it is in danger of depreciating and losing its value. It is possible that you may have invested all your financial resources on non-moving stocks and you will end up losing your shirt.
Either situation is bad and must be avoided. What you want to have is the right amount of stocks that will turn a profit. You need to fulfill your promises to your customers and keep them coming back. Developing your business to get to this ideal situation requires a working knowledge of the techniques of inventory analysis. Accurate inventory management is just too important to leave to chance.
Register for this inventory management seminar and learn the proven techniques of how to effectively plan and manage your inventory.
“Effective inventory planning and management allows you to meet or exceed your customers’ expectations of product availability while carrying the quantity that will maximize your net profits.”
How you will benefit from this RMP Consultancy Seminar
- Learn from an experienced expert practitioner and trainer
- Receive an updated set of templates that you can use immediately
- Enjoy the benefits of a small group size where the presenter can pay more attention to you and your unique needs
Effective Inventory Planning and Management
Key Topics in this Inventory Management Seminar
- Understanding your Demand Forecast
- The Ideal Inventory Cycle
- Key Inventory Indicators
- Inventory Turnover
- Inventory Cover
- Customer Service Levels
- Average Inventory Age
- Inventory Reduction Strategies
- Using Lead Times to calculate when to Order Stocks
- Calculating Safety Stocks
- Identifying fast, slow and non-moving items
- Identifying profitable product lines
- Counting your Inventory
- Pareto Principle
- ABC Inventory Control and Cycle Counting
- The Principles of Just in Time (JIT) Inventory Management
Duration of the Inventory Management Seminar
Who should attend this Inventory Management Seminar
- Inventory Planners
- Purchasing Staff
- Accounting Staff
- Warehouse Staff
- Business Owners
Inventory Management Seminar Methodology
The inventory management seminar uses a combination of lectures, visual presentations, workshops, and group discussions. More emphasis is placed on workshops to allow the participants to learn the material presented in a fun and easy manner.
Bring a Laptop
Many of the Lessons to be presented require calculations using MS Excel. It is recommended that you bring your LAPTOP COMPUTER to be able to follow the analysis being demonstrated. A Maximum of 2 participants per laptop may share for optimum learning. Your computer should have MS Excel or equivalent software installed.
Upcoming Warehouse, Inventory and Logistics Seminars
5 Dec 2019, Thursday, Basic Warehouse Operations and Inventory Control,
11 Dec 2019, Wednesday, Effective Inventory Planning and Management,
9 Jan 2020, Thursday, Good Warehousing Practices,
13 Jan 2020, Monday, Basic Warehouse Operations and Inventory Control,
17 Jan 2020, Friday, Effective Inventory Planning and Management,
21 Jan 2020, Tuesday, Good Warehousing Practices,
30 Jan 2020, Thursday, Strategic Warehouse Management (Two Days),
Register for one of the Seminars Above
Register for the Seminar
Please Contact Claire or Marco
Landlines: Tel (632) 8697-0767, Tel (632) 8372-4563
Mobile (Globe) 0917-882-5578, Mobile (Smart) 0918-937-3455
Or you can write an email to us and send it to:
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