Vice President

[Institut CF]

	   Inventory and Stock Management

	 - Effective Inventory management plays a crucial role in the smooth and efficient running of any
	   organisation. Reducing excess inventory and investing in the right inventories leads to better
	   customer service, better inventory turnover, and a helthier bottom line. 

	»  OVERVIEW :
		Reconcile conflicting goals of various departments within the company with regard
		to stock management; 
		Optimize inventory management by aiming for cost-reduction while minimizing risk 
		of shortages; 
		Removing excess or out-of-date stock to free up storage space; 
		Assessing your company's inventory management performance.


	»  TARGET AUDIENCE :
		Inventory Managers, Shipping Staff, Warehouse Managers, Production Directors, Buyers, 
		Operation Directors, Distributors and Manufacturing Companies.

	» Employee Training:
		Handing out a written procedure does not constitute employee training. It is important
		to set a training schedule to go through all of the procedures with groups of employees. 

		Take whatever time is necessary to ensure they have a thorough understanding of the procedures.
		Make it clear that the procedure document is the only way to perform the task. If you did your
		job correctly in defining the processes and documenting the procedures you shouldn't run into 
		many surprises during the training. 

	»  CONTENT :

	1.	Introduction: Types of inventory and their functions 
	2.	The Supply Chain : 
		  Conflicts between company departments re: functions 
		  Global Optimization versus Local Optimization 
		  Conflicts involving stock management 
		  Conflict resolution
	3.	Inventory Management Models : 
		  Product Classification - Pareto Law, ABC 
		  The Fixed-Interval Purchasing Model 
		       The Continuous Purchasing Model : 
			Bulk ordering 
			Immediate receiving 
			Staggered receiving 
			Order Cycles 
			Rebates based on quantity 
			Min-max 
		Random Demand Model 
			Safety Stocks, Shortages 
		Single-use Model (perishable goods and articles with short or fleeting life-cycle) 
		Ordering Stations 
		Dealing with overstock and out-of-date stock
	4.	The run-down on Just-In-Time
	5.	Inventory Costs : 
		Purchasing costs 
		Storage and holding costs 
		Order entry costs 
		Shortage costs
	6.	Inventory Storage : 
		Techniques: positioning stock, storage equipment 
		Labeling: bar codes, RFID 
		Addressing 
		Handling 
		Manual counts
	7.	Assessing Inventory Management Methods 
		Assessment Criteria 
		Benchmarking, Best Practices, Performance Indicators, Score Cards


	WHEN AND WHERE:
		Toronto Metropolitain:
		The 17th-18th of June, 2008
		Park Plaza Hotel 33, Carlson Court, Toronto, Ontario

		To sign up or for further information, please contact us at 1-800-861-6618
		Expert in Business Management and Advanced Technologies.