Meeting/Event Information

INVENTORY CONTROL WORKSHOP SERIES

October 09, 2020
8:30 AM

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Virtual Session using GoToMeeting Platform


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INVENTORY CONTROL WORKSHOP SERIES

To most organizations inventory is one of the more visible and tangible aspects of doing business. Beginning with the management of suppliers delivering raw materials to goods in various levels of completion in the pro-duction process and management and delivery of finished goods in the distributions channel, each type represents money tied up until the inventory becomes purchased products. The workshop provides a broad overview of basic concepts and good inventory management strategies.

This course provides participants with a comprehensive overview of inventory control. Each of these modules can be presented/facilitated in a four-hour period and is ideal for company seminars and workshops with continuous improvement as a goal.

The Inventory Control Series offers four (4) modules. 

Basics of Inventory Management

To most organizations inventory is one of the more visible and tangible aspects of doing business. Beginning with the management of suppliers delivering raw materials to goods in various levels of completion in the production process and management and delivery of finished goods in the distributions channel, each type represents money tied up until the inventory becomes purchased products.  The workshop provides a broad overview of basic concepts and good inventory management strategies.

Physical Inventory

This workshop will discuss what works and what doesn't as the participant learns the essential preparation steps and activities to perform in advance. These activities include everything from cleanup and sorting to working with auditors. The best physical inventories require the best, most thorough, preparation. The participant will also learn how to keep the physical inventory under control once it starts.  From tracking of tags to weigh scales and facility maps to handling recounts, this course guides the way.

Cycle Counting

In this workshop, the participants will learn how to implement or improve a cycle counting program and what the real purpose of cycle counting is: finding and fixing the causes of inventory errors. Also included are several methods for selecting items to count, using correct accounting techniques, and reconciling any outstanding transactions. In addition, the participant will learn various reporting methods to illustrate the results of the cycle counting program to employees and management.

Distribution Inventory Management

This workshop focuses on the distribution network model and its objectives, activities, and distribution inventory management decisions and includes interactive exercises to present the fundamental concepts associated with the distribution environment. It is appropriate for management, sales, purchasing, forecasting, materials management, operations personnel, shipping/receiving, and any other supply chain function tangent to the distribution activity.

Class Day and Times: Friday 8:30 to 12:30 pm (4 session weeks)

Class Dates: Oct 9, Oct 23, Nov 6, and Nov 20. 

Oct 9: Basics of Inventory Management

Oct 23: Physical Inventory

Nov 6: Cycle Counting

Nov 20: Distribution Inventory Management

Location:  On-Line Sessions using GoToMeeting Platform.

Course Fees:  $700 for all 4 Sessions 

Course Fees Include:  Student Participant Workbooks and access to Web Portal

 Instructor:  Dave Lehman 

Program Code: 9112-WKSP202101-PTC

 

 

 

Tickets

$600.00 Member Ticket

$700.00 Non-Member Ticket

 


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