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Who should attend The Complete Course on Inventory Management
Inventory Control Professionals
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The Complete Course on Inventory Management  

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Seminar Summary:

Attend this powerful 2-Day inventory control event and You’ll learn how to determine which inventory management system works best for your unique situation, quickly and easily forecast your company’s needs better and keep inventory to a minimum, and more... (see full course description)


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print the agenda print agenda for the The Complete Course on Inventory 
Management seminar



Training Course Syllabus:

The Complete Course on Inventory

Forecasting, Inventory Management & Cycle Counting Made Easy!


Program Description

What Would You Give to Minimize Your Inventory Levels and Maximize Your Customer’s Satisfaction at the Same Time?

As an inventory control professional, you probably already know what to do to forecast future inventory needs ... maintain acceptable levels of inventory and safety stock ... and keep accurate inventory records.

But in a world filled with human error ... lost and misplaced overstock ... and unrealistic demands from customers, coworkers, management, vendors and suppliers, you need real-world answers about HOW you can organize, build and maintain the smoothest-running inventory management system possible.

Introducing a new two-day inventory control workshop for managers, supervisors, clerks, technicians – warehouse professionals – everyone who carries the burden of maintaining the efficiency of one of your company’s largest assets – its inventory.

When you attend this powerful event, you’ll learn how to gain buy-in for your inventory processes from everyone up and down the corporate ladder ... simplify your cycle counting program and annual physical inventory procedures ... and keep inventory levels down, customer satisfaction high – and profits up!

Can you afford two days out of the office? You can’t afford NOT to come!

We realize that asking you to take two days of your time for training is a big thing and we guarantee you that your time will be well-spent. With the tips, techniques and profit-saving inventory management strategies you’ll learn, you’ll see an immediate benefit as soon as you step foot back in your warehouse.

This unique training workshop is packed with eye-opening examples of how successful companies of ALL sizes are tackling – and beating – the profit-draining problems of dead inventory ... slow-moving stock ... and inaccurate forecasting methods.

What You’ll Learn

Attend this powerful 2-Day inventory control event and you’ll learn how to ...

  • Determine which inventory management system works best for
    your unique situation
  • Quickly and easily forecast your company’s needs better and keep inventory to a minimum
  • Improve inventory record accuracy to 95% or MORE!
  • Eliminate dead stock and get slow-moving inventory out the door
  • Create a cycle-counting program that could eliminate your annual inventory
We can help you Boost the effectiveness of your inventory control methods!

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Who Should Attend

Do these situations sound familiar to you? If they do, you could benefit greatly by attending!

Tom’s company, after 130 years of business at the same location, has just gone global by launching its web site and allowing customers to purchase products online. Tom’s problem as inventory control manager is that he’s been forced to use the same counting procedures that the current controller taught him to use when he started 20 years ago. After just one month, the online experiment is a huge disaster with massive shortages, backorders and a total failure to reconcile inventory levels with customer demand. Where did the company go wrong?

Expert’s answer: Many companies get caught up with the idea of reaching millions of potential customers via the Web, but they don’t take the time to ensure their inventory processes can keep up with demand. When you attend this seminar, you’ll learn the secrets of building the perfect inventory control system that will allow your company to move forward in any direction that it wants. 


Bill is the inventory control manager for a municipal water department. Bill has reconciliation nightmares because he constantly has repair crews loading up their trucks with parts that “they may need” when a water main breaks at 2 in the morning. Bill realizes that the last thing a repair crew worries about when they’re waist-deep in freezing water is filling out paperwork, but it’s still causing havoc with his records. How can Bill maintain control and still give his crews the materials they need?

Expert’s answer: Though Bill’s problems are understandable due to the nature of his business, there are simple solutions to this kind of justifiable “shrinkage” problem. When you attend this seminar, you’ll learn how to build and maintain inventory control systems that can adapt to even the most severe circumstances. You’ll also learn how to combat theft and more sinister shrinkage issues. 


Tammy’s small, cramped warehouse is filled to the brim with inventory that her superiors say they need to keep on hand. Her poor receiving clerk stacks merchandise from the floor to the ceiling and in every nook and cranny to get it all in, but the consequences mean the order fillers sometimes search in vain trying to find the parts to complete their customer orders. Tammy can’t seem to get anyone in charge to understand that they’re ruining productivity by having too much stock. How can Tammy get her bosses to see the light?

Expert’s answer: Tammy could very well be the poster child for one of the biggest mistakes a company makes when it comes to inventory control – too much stock. Attending this seminar will give Tammy (and you) concrete forecasting strategies that will eliminate overpurchasing, and proven techniques that will shoot slow-moving stock off your shelves and out the door. You’ll minimize inventory levels to the point where you’ll have maximum efficiency in your warehouse organization. 

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Workshop Agenda

Discovering the “Hidden Truths” of Inventory

  • The 3 conflicting objectives of inventory management ... how they’ll trip you up and drive you crazy
  • Identifying the 5 types of inventory and why many managers mistakenly don’t account for all of them
  • How to find the hidden costs of inventory and how to reduce them
  • EXERCISE: A simple formula you can use to add up the “true costs” of your inventory 
  • 7 steps for disposing of excess and obsolete inventory – and how to prevent it from recurring
  • 9 elements that impact your inventory levels

Forecasting Principles

  • Why forecasting is necessary and how many managers screw it up
  • 3 methods for determining how much inventory you need to keep on hand and which one will work best for your company
  • The key differences between independent demand vs. dependent demand
  • How to measure your forecasting accuracy and how to fix it if you’re constantly off
  • The 4 guiding principles of forecasting
  • The secret behind finding a forecast that your customer is guaranteed to like!

Improving Your Inventory Management Skills

  • The benefits of using ABC classifications for better inventory management
  • Overcoming unusual inventory classification hurdles
  • Using customer service levels to determine proper amounts of inventory and NEVER get caught unprepared
  • Too much safety stock? Not enough?? How to find just the right amount
  • ABC? MRP? JIT? Making sense of this inventory alphabet soup
  • Making the tough call – times when it’s better just to throw your inventory in the dumpster

Achieving Incredible Levels of Inventory Accuracy

  • The “Cardinal Rule” of inventory accuracy – break it and you’ll NEVER get the high accuracy levels that you want
  • 4 advantages of having an accurate inventory system
  • Techniques for uncovering problems that are killing your inventory accuracy
  • When should you count your items? Once a week, month, quarter, year? Find out what’s right for you
  • How you can ensure the numbers you’re reading on your computer screen are accurate
  • Controlling theft and shrinkage – the twin killers of accurate inventory records

Taking the Headaches out of Your Annual Physical Inventory

  • Pain-free dentistry? No way! Pain-free annual inventories? Definitely!
  • The pros and cons of outsourcing your annual inventory duties to a third party
  • Creating an “error-proof” inventory team – who should be involved and when?
  • Using double-blind counts to make your physical inventory results world-class
  • Tips for conducting accurate scale counts – even if you’re using rented scales
  • What to do with shipments that arrive during a physical inventory
  • How to get your counting teams to realize how important accurate counts are
  • How to prepare for the outside auditor – what they want to see and what they don’t

Building the Perfect Cycle Counting System

  • Creating a 21st Century cycle counting system with the 19th Century tools at your disposal
  • 4 phases of implementing a cycle counting system – or improving your current one
  • How to measure your cycle counting accuracy and make sure you’re doing it right
  • How to set tolerances to improve your cycle counting program
  • How counting the same 20 items every day can dramatically improve the accuracy of your ENTIRE inventory
  • Steps you can take tomorrow to eliminate your physical inventory forever

Bonus! Today’s Inventory Management Technology

  • Using technology to make your inventory go faster and smoother
  • Why many companies mistakenly assume that radio frequency and bar code systems are too “high tech” and expensive to implement


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At National Seminars, our #1 goal is to give you the tools you need to succeed. That's why every seminar, conference and training resource we offer is 100% guaranteed. Every time.

Seminar Summary:

Attend this powerful 2-Day inventory control event and You’ll learn how to determine which inventory management system works best for your unique situation, quickly and easily forecast your company’s needs better and keep inventory to a minimum, and more... (see full course description)

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