Show navigation

Available in:

Audio & Reference Manual

How To Reduce Inventory Levels to Increase Your Bottom Line

Learn to optimize inventory levels to increase your company's bottom line.Many Purchasing managers who are required to manage inventory levels often come across complexities in optimizing inventory to increase the company's bottom line. In the details of daily tasks, it can be difficult to focus on the overall strategy while products are being delivered, counted, protected, and moved. Additional challenges arise when determining which products should be cleared out, and whether that should happen by accelerating sales or slowing purchases. This topic will provide clarity and powerful techniques which span both data-driven thinking and soft-skills prowess. The material also illustrates a successful inventory forecasting method and innovative approach to optimizing the low risk of supplier diversity and the attractive benefits of purchasing power that comes from consolidating suppliers. This information is critical for Purchasing managers, Procurement managers, small business COOs and CEOs, Inventory specialists, and management consultants so they can avoid dusty, expensive relics in the warehouse and increase profits.
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Moving What You Have
  • The Hidden Cost of Hanging Onto Dead Stock
  • The Cost of Offloading the Wrong Products
  • Dollars and Days: The Real Indicators of Dead Inventory
Slowing What You Get
  • Managing the Timing of Purchases
  • Winning Negotiating Techniques
  • Managing the Balance Between Diverse Suppliers and Purchasing Power
Seizing Opportunities and Minimizing Risk Exposure
  • Identifying Growth Areas and Down-Trending Products
  • Promotions to Leverage Both
  • Managing Reorder Points for New Products
Forecasting Inventory Levels
  • Sales Projections: The First Lever for Forecasting
  • Live Forecast Demo
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Layne Booth

Layne Booth

The Project Booth

  • Owner and Operations catalyst of The Project Booth
  • Practice emphasizes all aspects of Operations, Supply Chain Management, Manufacturing, Inventory and Forecasting
  • Conducts regular workshops on Back End Systems and Strategies
  • B.S. degree, textile and industrial engineering
  • Six Sigma Green Belt, Project Management Professional
  • Can be contacted at [email protected] or www.theprojectbooth.com
Jaime Campbell, CPA, MBA

Jaime Campbell, CPA, MBA

Tier One Services, LLC

  • Partner in the firm of Tier One Services, LLC
  • Practice emphasizes all aspects of internal accounting activities for $1M to $10M for-profit and not-for-profit organizations
  • Conducts regular seminars and workshops on Excel, QuickBooks, financial statements, and cash flow forecasts
  • Author of several publications related to the areas of Excel, QuickBooks, and other accounting technology and policies
  • M.B.A. degree in professional accounting, Rutgers Business School; Bachelor of music education, Florida State University
  • Member of AICPA, NJSCPA, NCACPA, FICPA
  • Can be contacted at [email protected], (704) 837-0185, on Twitter® @jcampbellcpa, www.facebook.com/jcampbellcpa or www.linkedin.com/in/jcampbellcpa
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 401655
Published 2017
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!