Inventory Training with Phillip Slater

Inventory Process Optimization^TM Training

Smart Inventory Solutions Workshop

Inventory Workshop

In this current economic climate inventory is more important than ever. With slowing activity, inventory decisions that result in excess inventory will take much longer to correct and the working capital that is tied up hurts even more when capital is hard to come by. We all know that this is an issue, but managing in this environment is different to managing in the good times and addressing these issues through traditional 'optimization' alone is just not enough.

True optimization and a lasting result requires a complete solution and an understanding of the context and process factors that influence your inventory. We call this Inventory Process Optimization™.

Inventory Process Optimization™ does not use just one technique for reviewing your inventory it addresses all of the issues and has a clever way of targeting which solutions you should apply to which parts of your inventory and so gives you all the tools you need to manage in this environment.

Recommended For:

Practitioners responsible for indirect inventory, that is, “bought in” inventory such as parts and components, finished goods, service parts, OEM spares, MRO inventory, engineering spares and industrial supplies. People who have benefited from this workshop include Inventory Controllers and Managers, Operations and Logistics Managers, Purchasing Professionals, Commercial and Financial Managers.

Objectives

In this workshop Phillip Slater shows you the Inventory Cash Release™ Process, a simple, step-by-step methodology that enables you to optimize the factors that influence your inventory levels and significantly reduce your inventory investment without compromising your risks or availability. As a result you can achieve Inventory Process Optimization™.

Content

Recapping the basics of inventory management
Understanding why the ‘bad times’ require a different approach to the ‘good times’
Identifying the factors that have greatest impact on your inventory levels
Realizing why inventory levels are almost always too high
Understanding the 3 reports that you need to get control of your inventory
Recognizing and countering the 5 Myths of inventory reduction
Taking 7 Actions to truly optimize your inventory holdings
Discovering how you can use Inventory Process Optimization to achieve your goals
Utilizing the Inventory Cash Release™ Process
Understanding the best way to use the Pareto Principle

Outcomes

Understand why data driven approaches sub optimize your inventory results
Learn about the processes that really influence your inventory outcomes
Learn a specific and proven approach to undertake a targeted review of your inventory
Learn about the actions and strategies you can use to address specific inventory issues

Workshop Format

This is a highly interactive workshop and participant numbers are limited to ensure significant interaction. Attendees will benefit by working side by side with others to review their issues and identify solutions.

Public Inventory Workshops

Australian Dates and Locations:

Inventory workshops are presented in conjunction with APICS, the Australian Production and Inventory Control Society.

Sydney 21st May 2009.
Perth 23rd July 2009
Melbourne 12th August 2009

Request more information on public inventory workshops.

Singapore

A special extended two day version of this workshop will be conducted in Singapore on 15-16th July 2009. Request more information on Singapore inventory workshops.

In House Inventory Training

The Smart Inventory Solutions Workshop can be tailored to your company and presented 'in house' exclusively for your team. Find out how your team can benefit from our exclusive in-house customized inventory workshops.

Materials Management X-Ray