Removing and Avoiding Excess and Obsolete Inventory

Excess and obsolete inventory can be a problem for the company balance sheet. Unusable inventory distorts the inventory turn and is a major cause of loss of profitability. Indeed,
excess and obsolete inventory may be used as an indicator of the overall effectiveness of a company’s operations.

• Topics covered in this course will include: 
• Understanding the reasons for excess and obsolete inventory 
• Process analysis and problem identification 
• Preparing and selling process change initiatives
• Inventory objectives and performance measurement
• Planning,launching and managing an excess/obsolete, inventory reduction campaign
• Measuring the size and extent of the problem
• Objectives,goals,critical success factors,key performance indicators
• Opportunity areas:identification and selection
• Disposal,conversion and re-use of obsolete inventory
• The ‘wall of inventory’ methodology
• Measuring and rewarding success

This one-day course is designed for general managers, supply chain managers, inventory managers and operations directors who are responsible for the inventory performance within their business and wish to deal with the problem of excess and obsolete inventory in a structured and long-term way.

Fees: Members - £300; Non-members - £400

To book, contact Judith Bentley. Tel: 01536 740166. Email: pd@iomnet.org.uk