Description

This seminar is a workshop on the application of best practices in Inventory Management that presents Procedures (Methodology) to participants and provides them with software for efficient Inventory Management. By applying these tools and thanks to the online support we provide, participants will achieve spectacular improvement in the level of services they render, namely sales increase, through customers’ loyalty and reduction of the amount and cost of Inventory Management. The importance of this seminar lies in the fact that wherever successful Inventory Management Systems are applied, they yield a 30% reduction in inventory costs, accompanied by parallel improvement of customer service levels.

Course Content

Α. INVENTORY COST

  • Inventory Cost calculation
  • Fixed Order Cost calculation

Β. MANAGEMENT PROCEDURES

  • Inventory Management
  • Inventory Management performance indicators
  • Inventory Management control reports
  • Designation of Warehouse floor space

C. TOOLS – TECHNOLOGY

  • Barcode / R . F . I . D . systems application
  • Optimum stock calculation for high service level
  • Demand forecast
  • Dealing with seasonality and materials depreciation
  • Material Requirements Planning ( MRP )
  • Order Economic Quantity – Batch
  • Scale discounts
  • On line Warehouse – FIFO Systems application
  • ABC analysis application

D. PERFORMANCE IMPROVEMENT

  • Stock Reduction Methodology
  • Safety stock calculation
  • Systems based on the re-order point
  • Overstock identification and management
  • Seasonal demand management
  • Trade speed increase
  • Grouping orders for cost reduction
  • Grouping orders for containers filling
  • 12 Basic Rules to Reduce Stock

Nicholas J. Michaloliakos

Nicholas J. Michaloliakos

Chem. Eng., top manager in large international companies for 20 years, Managing Director of Advanced Quality Services Ltd, a management consulting company specialising in strategy that has participated in more than 300 integrated reengineering projects.
Live Online Training
Date: 2021
Venue & Hall: ,
Participation Fee 500 €
Participation Form
Discount analysis:
10% discount for the 2nd participation, and
20% discount for the 3rd and every subsequent.- 25% discount for online seminar purchase
Participation Fee 500 €
Participation Form
Discount analysis:
10% discount for the 2nd participation, and
20% discount for the 3rd and every subsequent.- 25% discount for online seminar purchase

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