TOPICS COVERED:

Stocking Parameters

1. Balancing Coverage vs. Risk
2. Using simulations to set and adjust the Stocking Parameter.
3. Hybrid Parameters: Value Based, Product Based
4. Evaluating your current Stocking Parameter

Inventory Removal / De-stocking

1. Setting Phase-In and Phase-Out Parameters
2. De-stocking impact on Inventory Turns
3. Options for removal

Demand Management

1. Recording Lost Sales
   • Root cause: Price vs. Availability
   • Impact on stocking and Fill Rate
   • Impact on VMI type programs
2. Correcting Abnormal Demand
   • During transaction vs. after the fact
   • Impact on stocking and Inventory Turns
   • Impact on VMI type programs

Factors controlling Fill Rate

1. Adjusting Stocking Parameter
2. Impact of Breadth (Compliance) on Fill Rate
3. Impact of Inventory Accuracy on Fill Rate

Managing Supersessions 

1. Rolling Demand History to the new part
2. Implementing a “Sell First” solution

Managing Kits

1. Building kits for campaigns and seasonal events
2. Tracking demand for kits
3. Dismantling kits for component demand

Managing Slow Moving Parts

1. Velocity based slotting tactics
2. Storage density methods
3. Consolidation strategies

Inventory Profiles

1. Monitoring Inventory Health
2. Setting up a Profile
3. Tracking Inventory Changes

COURSE AGENDA:

Click here for the full Course Agenda

Please contact us with any questions: 2662-214-0204 or [email protected]

VIRTUAL TRAINING INFORMATION:

This course will be held virtually using ZOOM Video Conference services.  The course will be held 11:00 AM Central until 4 P.M Central both days.  The event will be instructor led with sufficient interaction between students.  Class size will be limited to ensure ample time for questions and discussion.

For more information on joining a ZOOM Video Conference click here.