Training: Inventory Management
The program provides a practical approach to managing your inventory – equipping you with the tools necessary to assess your current inventory performance and processes, identify gaps, understand best practices, and ultimately implement them to align working capital with customer experience.
The Program focuses on five competency areas:
- Service vs. Inventory trade-off
- Fill Rate (Product Availability) Metrics
- Item-level Profitability
- Inventory Stratification
- Inventory Risk Mitigation
8-week, Virtual-Instructor-Led-Training [VILT] Program
Clients Using our Training
“Inventory stratification gives you a no-nonsense approach to looking at inventory. It gives you a baseline to avoid the blanket rules that most businesses apply and provides a focus on what is important.”
Materials Manager
Industrial Distributor“Using the techniques and tools from the inventory management program, we reduced our total inventory by more than 20%.”
CEO
Building Materials Distributor“The classification of inventory based on item level profitability has helped us reduce the capital employed. We expect to benefit from further decreases.”