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Strategies to Reduce Inventory Shrinkage

 

Learn to fight inventory shrinkage with better warehouse management, earlier detection, security methods, and technology.

Inventory loss and its costs includes not only the material itself but also the time spent in searching for the missing inventory as well as expedited purchasing costs to replace the needed inventory. Missing inventory is a factor in the supply chain bullwhip effect.
Organizations need to take this problem seriously because it has a serious impact on every aspect of the supply chain. Organizations are fighting inventory shrinkage with better warehouse management, earlier detection, material handling education, security methods, and technology. The need for timely information for production and customer orders emphasizes the importance of addressing this situation. The costs for writing off inventory shrinkage as just part of doing business are far higher than most organizations know. This material also offers proven best practices in solving the mystery of inventory shrinkage.

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Strategies to Reduce Inventory Shrinkage

Faculty

Marilyn Gettinger

Marilyn Gettinger

New Directions Consulting Group

  • Owner of New Directions Consulting Group
  • Developer and presenter of programs that educate participants on how to improve supply and logistics processes
  • Has been teaching logistics including exporting and importing for Union and Middlesex County Colleges as well as for the County College of Morris for several years
  • Her global and supply chain courses have also been brought in-house in organizations and she has presented for several of the big freight forwarding companies located in the New Jersey area
  • Her supply chain management programs include a focus on global sourcing and logistics along with the successful management of the importing and exporting processes
  • Has spoken on capturing total landed costs in a global environment at conferences held by the Association of Supply Chain Management (APICS)
  • Conducts regular seminars and workshops on supply chain management including logistics, supply management logistics, inventory management, importing and exporting
  • Author of Supply Chain Management and Total Cost of Ownership
  • Member of APICS and Director of Education of the Institute for Supply Management-New Jersey Affiliate
  • Can be contacted at 908-709-0656 or [email protected]
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Strategies to Reduce Inventory Shrinkage

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