Understand the power of safety stock and how to calculate it.
How do you know when there is enough inventory to meet demand? When is the right time to buy? How much should be purchased? Holding too much inventory consumes cash and space and may lead to shrinkage and obsolescence while holding too little leads to backorders, production delays, expedited shipping, and unhappy customers. This course will explore inventory and purchasing concepts and review how to use data to glean insight about your products and establish a systematic approach to purchasing.
Agenda
Faculty
Ian Benoliel
NumberCruncher.com, Inc.
- Founder and president of NumberCruncher.com, Inc.
- NumberCruncher is a developer of inventory and orders management software for product-centric SMBs in manufacturing, wholesale and e-commerce
- Has held positions in technology and accounting firms
- CPA, University of Illinois; CA designation, the Institute of Chartered Accounts of Ontario; B.B.A. degree, York University’s Schulich School of Business
- Can be contacted at [email protected] or 954-302-6811
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