Inventory is often one of the largest investments for distributors. As a result, effective inventory management can be the difference between thriving, surviving and dying. Inventory is necessary for business operations and customer service, but distributors must balance the profitability of customer service against the cost components of inventory in order to optimize their return on inventory investment.
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Fundamental Track:
Duration: 1.5 Days
Cost: $1600 per person.
Who Should Attend: Sales and Branch Managers, Purchasing Personnel, Executives and Strategic Managers, Business Analysts and IT Managers
Agenda:
Day 1
Morning: ODP Framework
Inventory Management Model
Stratification
Afternoon: Demand Classification
Forecasting
Day 2
Morning: Replenishment guidelines
Intensive Track:
Duration: 4 Days
Cost: $2600 per person.
Who Should Attend: Sales and Branch Managers, Purchasing Personnel, Executives and Strategic Managers, Business Analysts and IT Managers
Agenda:
Day 1
Morning: ODP Framework
Afternoon: Inventory Management Model & Hands on exercise
Day 2
Morning: Demand Classification & Hands on exercise
Afternoon: Forecasting game
Day 3
Morning: Forecasting methods & metrics
Afternoon: Item & Demand Strategies
Day 4
Morning: Replenishment policies & guidelines
Afternoon: Group presentations
