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Fundamentals of Inventory Management

January 13, 2020, 9:00 am - 4:00 pm

$300

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Small to medium size companies are often doing the best they can with managing and reordering materials and products with the information they have. Many times that information is either out of date or the parameters are set using “Rule of Thumb.” The results can be harmful to the operation in the form of numerous stock-outs and excess inventory at the same time. This course is meant to help the attendee understand and use a more scientific, yet simple way of managing inventory and reorder strategy.

Purpose and Objective of the Course:

– To give the student a sound basic understanding of the implications of inventory, both too much and not enough
– To give the students an understanding of what drives the levels of inventory and how to use the variables to advantage for the business through standardization
– To give the students an understanding of how very basic lean principles can improve cash flow, minimize stockouts, and reduce associated inventory carrying costs

 

Details

Date:
January 13, 2020
Time:
9:00 am - 4:00 pm
Cost:
$300
Event Category:
Event Tags:

Venue

SCMEP Columbia
250 Berryhill Road, Suite 512
Columbia,SC29210United States
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Phone:
803.252.6976