Inventory Management


Course Length:
2 8-Hour Days
Price:  $595.00

Material can account for 60% or better of the cost of goods. The control of this valuable asset can make a significant difference to the profitability of the company. Participants in this class will learn the principles and practices for forecasting requirements, managing the physical inventory and keeping the records that control issue and receipt of property.

A primary topic of this course is minimizing Inventory while achieving a high fill rate. This course will provide the tools and techniques to establish and maintain a process for Inventory Accuracy, Perpetual Inventory, and Cycle Counting inventory.  Continental breakfast and lunch included.

Course Outline

Inventory Planning

  • Objectives
  • Dependent Demand
  • Safety Stock and Service Level
  • Strategy
  • Order Quantity

Inventory Management

  • Distribution and Safety Stocks
  • Spikes
  • In House Service Inventory
  • Replenishment Methods
  • Inventory Turns
  • Types of Inventory
  • Field Repair
  • Lead Time
  • Inventory Evaluation Methods
  • Record Accuracy

Who Should Attend

Inventory, Production, Distribution, and Logistics Managers

Instructors:

Cypress Group team members have experience in all facets of the business process, as well as information technology applications designed to intelligently support the decision-making process. This combination of disciplines allows us to clearly understand the needs of our clients and translate those needs into the solution that best fits their technological and financial goals. John J. Boyle, CPIM, CIRM, is President of Cypress Group. John's 30 years of experience include assignments in Production Control, Marketing, and Management Information Systems.   John holds a BBA in Management and an MS in Industrial Management. Joan M. Gladky, CPIM, Managing Director, has worked in the areas of Quality Improvement, Employee Involvement, Lean Manufacturing, Training Development, Administration, Information Technology, and New Product Development.  Joan holds a BS in Computer Science and an MBA in Management.

 

Center for Corporate Education at Stony Brook University
Research & Development Park • 1000 Innovation Road, Stony Brook, NY 11794-6044
631-216-7518 • sbucce@stonybrook.edu