Details
 

November 5 (8:30AM) - 6 (1:00PM), 2015

The Distribution Team Inventory Management Seminar

Chicago, Illinois

INVENTORY MANAGEMENT SEMINAR OUTLINE

Day One

8:30 a.m. - 5:00 p.m.

  • Implementing proven inventory practices throughout the organization
  • Understanding everyone's role in inventory management
  • Understanding the "hidden costs" of purchasing and inventory
  • Calculation of turnover, turn and earn, gmroi, fill rates and service levels
  • Understanding the impact of Gross Margin Dollars through effective purchasing
  • Methodologies for effective and accurate record keeping
  • Efficient receiving, put way and picking procedures
  • Eliminating errors in the warehouse
  • Impact of the warehouse layout on product movement and cash invested
  • Management of slow moving items
  • Identification, management and disposition strategies for DEAD STOCK
  • How to handle new items
  • Effective physical inventory counting
  • Developing cost effective cycle counting procedures
  • Effective use of ordering controls (order points, safety stock and surplus stock)
  • How to use Line Buying to your advantage
  • Meeting vendor minimums and the impact on cash
  • How much to order (Economic Order Quantities, Class Replenishment, Mins and
  • Max)

Day Two

8:30 a.m. - 1:00 p.m.

  • Central Purchasing considerations
  • Effective use of Central Distribution and "Hub and Spoke" network
  • How to use replenishment timing strategies to increase turnover and R.O.I.
  • Developing the "Recommended Buy Report" and how to use it effectively
  • How to interact with the computer system to develop proactive reporting tools
  • Branch Management strategies
  • Branch Replenishment
  • Branch Manager Compensation Plans
  • Buying ahead of a price increase
  • Understanding the impact of Price Breaks, Quantity Discounts and Vendor Specials
  • The financial impact of Cash Discounts

Register Here

 

Four Points by Sheraton – Chicago O’Hare
10249 W. Irving Park Road
Schiller Park, IL 60176
847-671-6000

Rooms are available on first come, first serve basis. To reserve a room at the $95 rate, you can either call the hotel directly and ask for “The Distribution Team” rate or register online:

https://www.starwoodmeeting.com/events/start.action?id=1508057774&key=3330239

Be sure to bring a calculator with a square root function for a little math during the session.  All other seminar materials will be provided. 

If you have any questions, please feel free to contact us.  Our job is to help you get the most out of your seminar experience.

 

Sincerely,

Jason Bader, Managing Partner
The Distribution Team
Jason@Distributionteam.com
(503) 282-2333

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Add to Calendar aCLuDhaqizCaPxAftmqF167204 11/05/2015 08:30 AM 11/06/2015 01:00 PM false The Distribution Team Inventory Management Seminar INVENTORY MANAGEMENT SEMINAR OUTLINE Day One 8:30 a.m. - 5:00 p.m. Implementing proven inventory practices throughout the organization Understanding everyone's role in inventory management Understanding the "hidden costs" of purchasing and inventory Calculation of turnover, turn and earn, gmroi, fill rates and service levels Understanding the impact of Gross Margin Dollars through effective purchasing Methodologies for effective and accurate record keeping Efficient receiving, put way and picking procedures Eliminating errors in the warehouse Impact of the warehouse layout on product movement and cash invested Management of slow moving items Identification, management and disposition strategies for DEAD STOCK How to handle new items Effective physical inventory counting Developing cost effective cycle counting procedures Effective use of ordering controls (order points, safety stock and surplus stock) How to use Line Buying to your advantage Meeting vendor minimums and the impact on cash How much to order (Economic Order Quantities, Class Replenishment, Mins and Max) Day Two 8:30 a.m. - 1:00 p.m. Central Purchasing considerations Effective use of Central Distribution and "Hub and Spoke" network How to use replenishment timing strategies to increase turnover and R.O.I. Developing the "Recommended Buy Report" and how to use it effectively How to interact with the computer system to develop proactive reporting tools Branch Management strategies Branch Replenishment Branch Manager Compensation Plans Buying ahead of a price increase Understanding the impact of Price Breaks, Quantity Discounts and Vendor Specials The financial impact of Cash Discounts Register Here   Four Points by Sheraton – Chicago O’Hare10249 W. Irving Park RoadSchiller Park, IL 60176847-671-6000 Rooms are available on first come, first serve basis. To reserve a room at the $95 rate, you can either call the hotel directly and ask for “The Distribution Team” rate or register online: https://www.starwoodmeeting.com/events/start.action?id=1508057774&key=3330239 Be sure to bring a calculator with a square root function for a little math during the session.  All other seminar materials will be provided.  If you have any questions, please feel free to contact us.  Our job is to help you get the most out of your seminar experience.   Sincerely, Jason Bader, Managing PartnerThe Distribution TeamJason@Distributionteam.com(503) 282-2333 Chicago, Illinois