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Inventory Monitoring Programs – Implementation & Benefits

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.

Runtime: 91 minutes
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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

OnDemand Webinar

This course was last revised on September 17, 2019.

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

  • 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.
     

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

Audio & Reference Manual

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

MP3 Download

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

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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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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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Product ID: 406173
Published 2019
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