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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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