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Live Webinar

90-minute live streaming program
  • September 17
  • 1:00 - 2:30 pm EST

Inventory Monitoring Programs – Implementation & Benefits

September 17

Learn to identify needs, empower change, mitigate risk, and determine program requirements to assure success.

Inventory is the lifeblood of a product company, yet it is often mismanaged due to poor processes, unoptimized systems, and training that leaves team members wanting more clarity. Additionally, upper management is asking for continuous improvement and teams can quickly become entrenched in the analysis, without seeing the whole picture or the best practices that will bring them into the light. Successful inventory monitoring programs will tie together people, processes, and products to create a holistic solution without operating in silos. Each company’s specific needs will be unique; however, the approach to implementing inventory monitoring systems is very similar. Best in class practices will allow companies to identify their needs, empower change, mitigate risk, and determine their program requirements to assure their success.

Learning Objectives

  • You will be able to define key inventory metrics to monitor to ensure healthy inventory turns.
  • You will be able to discuss the advantages and pitfalls of current inventory monitoring methods, and next steps to implement best practices.
  • You will be able to explain team expectations to improve inventory levels using Standard Operating Procedures and collaboration tools.
  • You will be able to identify what course of action to take with the help of essential reports.

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Why Lorman?

Over 32 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

Best Practices and Programs for Money Making Inventory
  • Key Inventory Metrics
  • Min and Max Models: Advantages and Pitfalls
  • Dynamic Review of Sales, Stock, and Reorders
Revenue Focused Reporting
  • Essential Reports
  • Software Solutions
  • Testing, Tandem Trials, and Training the Team
Audits and Internal Controls to Mitigate Risk
  • Standard Operating Procedures
  • Internal and External Evaluations
  • Cross Functional Collaborations
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More Program Information

Why Lorman?

Over 32 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

Live Webinar Registration

  • CPIM/CFPIM/CSCP 1.0
     
  • This program may qualify for 1.0 certification maintenance points toward the CSCP, CPIM and CLTD designations through The Association for Operations Management.
     
  • ISM 1.5
     
  • Participants who successfully complete this program will receive 1.5 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     
  • CPE 1.8 including Specialized Knowledge 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     

Who should attend?

This live webinar is designed for purchasing managers, material managers, presidents, vice presidents, business owners and managers, CFOs, controllers, accountants, contract administrators, operation managers, inventory specialists, buyers, and manufacturers.

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More Program Information

Why Lorman?

Over 32 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 to create highly efficient and profitable product businesses
  • Six Sigma Green Belt, project management professional
  • B.S. degree, textile and industrial engineering
  • Can be contacted at [email protected] or www.theprojectbooth.com
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More Program Information

Why Lorman?

Over 32 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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Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
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* For audio recordings you only pay shipping

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

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Product ID: 406173
Published 2019
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