Inventory is both an asset and a liability. It is a financial asset in that it has a value that can be turned into cash; it helps provide customer services and acts as an optimisation tool for purchase, transportation and production efficiencies. On the other hand it is a liability if we can’t turn it into cash, it needs to be stored and insured etc., which makes it is a drain on a company's resources.
Course content:
This seminar is an updated version of an event that Unipart have been running for the last six years. It looks at the role of inventory, inventory diagnostic tools, what items should be held in stock, where to keep them, how they should be replenished and whether items should be made for stock or made / assembled to order.
Learning outcomes:
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Understand where the greatest opportunities are for improving inventory management
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Share issues, ideas and solutions
Benefits:
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Reduce on-hand inventory, saving money
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Reduce material handling, saving time and money
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Reduce warehouse space needs
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Increase inventory turns
Who is this course for?
This master class is designed for:
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People responsible for planning the deployment of inventory across the supply chain
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Supply chain managers/directors
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Inventory planning managers
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Purchasing managers
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Anyone with experience of the issues involved in implementing effective inventory management
Fees: Members - £75; Non-members - £150
(Non-member rate includes one year's Associate Membership of IOM)
To book, please complete the booking form here or contact Membership Services 01536 740104 quoting event code: IOM107.
Workshop in partnership with Unipart Expert Practices
Due to the nature of this workshop, organisations that Unipart deem to be of a competitive nature will be unable to attend.
