25 Ways to Slash Your Inventory Major Topics

Performance Measures: What are the key metrics to have in place? How do you benchmark against industry?

Getting Started: Performing ABC analysis with a “twist”, calculating inventory carrying cost

Optimizing the factory: A variety of manufacturing optimization simulations allow participants to experience bottleneck management techniques, kanban, drum buffer rope and SMED. This segment gets a little wet as we manufacture soft drinks.

Optimizing Finished Goods: Safety stocks, and  forecasting characteristics are optimized for inventory reduction opportunities. Detailed exercises in Microsoft Excel reinforce key concepts.

Optimizing Purchased Items: what is safety lead time? Supplier scorecards.

Optimizing the Whole: Utilizing carrying costs to make sound tradeoff decisions, IQR what is it? How can it be utilized?