Lean Initiatives for Finished Goods Inventory
Duration : 60 Minutes
M. Dave Malenfant,
Dave Malenfant brings over 30 years in Supply Chain Management. After graduation from the University of Windsor, Ontario, Canada, he worked in several Supply Chain management positions with Wyeth Ayerst Canada. In Canada, Dave was Co-founder and President of Signature Consultants, Inc., (1973) a b Read more
This program will provide tools and different initiatives that can be employed to help optimize inventory turns and, therefore, inventory investment. Some ideas, such as postponement strategies, will be explored as options to ensure that a clear balance of financial investment and inventory coverage levels are well maintained and managed. We will concentrate on Finished Goods as the driver for all inventory. The program will briefly explain synchronizing the supply chain to ensure all types of inventory are properly managed .
Course Objectives:
• How to classify FGI for supply chain Purposes
• How to Establish targets for optimizing inventory
• Lean initiatives to help drive the optimal FGI for each type
Why Should You Attend:
Very often, supply chain professionals are asked to “reduce” inventory based upon working capital goals and financial objectives. This program will address the balance between managing your finished goods in order to meet customer service and delivery goals versus the working capital objectives. This program will take a supply chain view of managing and optimizing inventory. Through sound lean initiatives, financial objectives can be reached while maximize customer satisfaction and service.
Course Outline:
• Classification of inventory
• What ‘lean initiatives’ are
• Types of FGI
• Initiatives to develop lean FGI
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
• Supply Chain Professionals
• Operations Management
• Supply Chain Managers, Directors, VPs
• Information Technology professionals
• Consultants
• Senior management
• Inventory planners
• Planners/buyers
• Supply chain analysts
• Financial analysts
• S&OP process participants
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
