Lean Initiatives for Inventory Management
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
Develop a Lean Inventory Management Strategy to Balance Customer Goals vs. Working Capital Objectives Very often, supply chain professionals are asked to "reduce" inventory based upon working capital goals and financial objectives. Through sound lean initiatives, financial objectives can be reached while maximizing customer satisfaction and service.
Course Objectives:
• Inventory should be looked at in respect of the supply chain
• Segmentation of the inventory is crucial for success in optimizing inventory
• The supply chain needs to be considered in all inventory decisions
• The linkage to the customer is significant
• PUSH vs PULL supply chain
• Demand driven supply chain
Why Should You Attend:
This webinar with expert speaker Dave Malenfant will address the balance between managing inventories to reach customer goals versus working capital objectives. It will take a supply chain view of managing and optimizing inventory. You will receive tools and explore different initiatives that can be employed to help optimize inventory turns and, therefore, inventory investment. Dave will explore some ideas, such as postponement strategies, as options to ensure that a clear balance of financial investment and inventory coverage levels are well maintained and managed.
Course Outline:
• Overview of the different types of inventory
• How inventory should be classified for supply chain purposes
• How to establish targets for optimizing inventory
• Lean initiatives to help drive the optimal inventory levels in each type
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
• Inventory Planners
• Planner/Buyers
• Supply Chain and Financial Analysts
• S&OP Process Participants
• CEO
• COO
• CFO
• VP
• Directors
• Inventory and Warehouse/Distribution Managers
• Warehouse/Distributor associates
• Tool Room/Crib Managers/Associates
• Manufacturing personnel
• Computer/Software Sales people
• Retail Store Owners
• Managers
• Receiving, Inventory Personnel
• Everyone in food industry
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
