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OnDemand Course

Techniques for Managing Inventory to Maximize Cash Flows

Ensure you are carrying the proper inventory levels to maximize profits and minimize risk.

Businesses often struggle with the proper amount of inventory to carry in order to maximize profits. Holding too much inventory results in overspending on carrying and overhead costs while holding too little inventory results in unhappy customers and, eventually, lost sales. This topic helps the personnel responsible for inventory and cash flow management determine the optimal amount of inventory to carry. The topic also helps the participant understand the impact inventory levels have on cash flows by providing various cash flow scenarios. Excess inventory levels and inventory shortages are equally common mistakes small businesses make. This topic is critical for businesses to ensure it is carrying the proper inventory levels.

Runtime: 95 minutes
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Why Lorman?

Over 33 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

Cash Flows and Inventory

  • Inventory Cycle
  • Cash Flow Scenarios

Vital Inventory Controls

  • Safeguarding Inventory
  • Maintaining Proper Stock Levels
  • Managing Purchasing
  • Establishing Proper Costing Systems
  • Aging of Inventory
  • Quality Control

Forecasts

  • Budgeting Basics
  • Effective Implementation

Other Considerations

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Why Lorman?

Over 33 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

OnDemand Course

This course was last revised on May 17, 2016.

Call 1-866-352-9540 for further credit information.

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

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Why Lorman?

Over 33 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

Anthony DeJesus, CPA

Anthony DeJesus, CPA

Citrin Cooperman

  • Partner at Citrin Cooperman with over 20 years of experience providing an array of accounting, audit and business consulting services
  • Practice areas include real estate, not-for-profit, and manufacturing and distribution industries
  • Member of the firm’s Real Estate practice and also a member of the firm’s Quality Control department
  • Written articles on the topics of inventory management and cash flow and inventory controls; his articles have appeared in the Westchester County Business Journal and the Fairfield County Business Journal
  • An adjunct accounting professor at Mercy College in Westchester County, NY; also conducts internal seminars on soft skill development including personal productivity and performance management
  • Member of the American Institute of Certified Public Accountants (AICPA)
  • Certified Public Accountant in the State of New York
  • Master's degree in accounting, Pace University
Chelsea Rosen

Chelsea Rosen

Citrin Cooperman

  • Audit manager of Citrin Cooperman’s Westchester office
  • Eight years of audit experience, has developed expertise in manufacturing, distribution, real estate, broker dealer, advertising and employee benefit plan industries
  • Currently serving clients in the manufacturing, distribution, and real estate industries
  • Member of the Westchester County Association and the New York State Society of Certified Public Accountants (NYSSCPA)
  • Graduate, magna cum laude, St. Thomas Aquinas College
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Why Lorman?

Over 33 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.

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Product ID: 397621
Published 2016
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