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Successfully<br />
Managing Your<br />
Distribution<br />
Inventory<br />
OPEN EnrolMENT • Management & Leadership<br />
Upcoming<br />
Sessions:<br />
October 21 - 22, 2013<br />
May 12 - 13, 2014<br />
What<br />
Participants Say:<br />
“This course will add to<br />
my toolbox of knowledge<br />
to better understand and<br />
look for efficiencies in my<br />
workplace.”<br />
J. Pugsley,<br />
Distribution Supervisor,<br />
Lanxess Inc.<br />
Learn the fundamental issues in distribution<br />
inventory management in order to optimize your<br />
inventories and maximize profits for your business.<br />
“Great content – well<br />
tailored and precise for<br />
course duration.”<br />
S. Airey,<br />
Managing Working<br />
Capital Strategies,<br />
Husky Injection<br />
Molding Systems<br />
Inventories are the lifeblood of the<br />
supply chain. When inventories are<br />
managed well, companies are more<br />
profitable.<br />
But it can be a balancing act. Sales wants lots of<br />
inventory on hand to fill orders, while Finance wants to<br />
carry the least amount of inventory possible in order to<br />
free up cashflow for other needs.<br />
Successfully Managing Your Distribution Inventory<br />
provides you with the methods and thinking necessary<br />
to optimize your inventories and improve your<br />
company’s profitability and return on assets.<br />
“Very informative and<br />
easy to understand, both<br />
an insightful and great<br />
refresher. Lots of relative<br />
topics and group work to<br />
stimulate the experience.”<br />
K. Foster,<br />
Supply Chain Director,<br />
CML Healthcare<br />
Enrol today to earn<br />
your certificate.<br />
See back for three<br />
ways to register.<br />
The Best Part:<br />
The course provides a mix of concepts and methods.<br />
It gives you the framework and techniques you need to<br />
manage your distribution inventories most effectively.<br />
See inside<br />
for complete<br />
program<br />
content and<br />
what you<br />
will learn!
What You Will Learn<br />
1. The critical links between good inventory<br />
management and good financial results<br />
2. The key issues and methods of<br />
distribution inventory management<br />
3. How to measure inventory performance<br />
4. How to improve your forecasting<br />
5. How to choose the best order quantities<br />
6. How to set safety stocks that work<br />
Successfully Managing<br />
Your Distribution Inventory<br />
Who Should Attend<br />
• y VPs, directors and managers with hands-on<br />
inventory responsibility<br />
• y Inventory planners and analysts<br />
• y Financial analysts with inventory responsibility<br />
• y Managers from manufacturing, distribution, retail<br />
and 3PL companies<br />
Learn how to<br />
rightsize your<br />
distribution<br />
inventory<br />
7. How to decide how much inventory to<br />
carry and rightsize your inventory<br />
8. How to identify inventory problems<br />
and opportunities<br />
Course Requirements<br />
Please bring your laptop computer with CD-ROM drive and your laptop<br />
power cord. Basic computer skills required.<br />
9. How to take advantage of the ABC<br />
principle<br />
10. How to optimize your inventory<br />
distribution network<br />
11. Learn practical ideas that you can use<br />
in your business right away<br />
SEEC<br />
Learning Path<br />
Program<br />
Inquire as to how this short program or any other<br />
regular series short program (2-5 days in duration)<br />
can become a Learning Path complimentary<br />
program. Call 416.736.5079 and ask to speak to<br />
a Senior <strong>Education</strong> Adviser today.<br />
“The best supply chains aren’t just fast<br />
and cost-effective. They are also agile and<br />
adaptable, and they ensure that all their<br />
companies’ interests stay aligned.”<br />
Hau L. Lee, US Professor of Operations,<br />
Information and Technology in Harvard<br />
Business Review, Oct. 2004<br />
Integrate your management of the supply chain from supplier to customer.
Next Session: October 21 - 22, 2013 • See back panel for three easy ways to register<br />
Program Content<br />
Day 1<br />
Course Overview<br />
• y What kinds of inventories we are<br />
managing?<br />
• y What kinds of systems we are using?<br />
Introduction to Inventory Management<br />
• y Inventory forms and functions<br />
• y Financial impact<br />
• y Benchmarks<br />
• y Control vs. optimization<br />
• y What makes it tough<br />
Technical Basics<br />
• y Core process and metrics<br />
• y Inventory turns<br />
• y The ABC Principle<br />
Forecasting Sales or Usage<br />
• y The forecasting process<br />
• y Good forecasting practices<br />
• y Working with customers<br />
• y The value of a good forecast<br />
• y Measuring forecast accuracy<br />
• y Assessing and improving forecasting<br />
Control Systems<br />
• y Requirements planning<br />
• y EOQ/ROP system<br />
• y Min/Max system<br />
• y The three inventory costs: acquisition,<br />
carrying, stock out<br />
Order Quantities<br />
• y Factors that determine order quantities<br />
• y Economic order quantities and models<br />
• y How to handle freight costs<br />
Case Study<br />
Working on Participant Inventory Issues<br />
Day 2<br />
Safety Stock<br />
• y Working with the normal distribution<br />
• y Fill rate targets<br />
• y Role of safety stock<br />
• y Lead times and review times<br />
• y Calculating safety stocks<br />
• y How to set safety stocks that work<br />
Deciding How Much Inventory to Carry<br />
• y Setting fill rate targets<br />
• y Setting turns targets<br />
• y Building and using inventory turns<br />
models<br />
Inventory Networks<br />
• y Today’s network opportunities and issues<br />
• y Framework for analysis<br />
• y Combining two inventories into one<br />
• y Central stocks versus direct to field<br />
stocking points<br />
Case Study<br />
Working on Participant Inventory Issues<br />
Unique<br />
Course<br />
Features<br />
• y Learn in an interactive workshop format<br />
• y Receive presentation slides and a CD with course<br />
exercises and materials<br />
• y Work through exercises and examples on your laptop<br />
• y Class time is set aside for working on participant<br />
company’s inventory issues<br />
Instructor Profile<br />
Alan Saipe, M.A.Sc, Ph.D.<br />
Alan Saipe has been involved with supply chain and logistics management for most of his<br />
working career – as a consultant, an educator and a line manager. As director of operations at<br />
Connaught Laboratories Limited he rightsized the company’s insulin inventory. As an educator<br />
he has taught logistics and inventory management in MBA, executive MBA and in executive<br />
education programs. And as a consultant he has worked with dozens of clients to improve and<br />
optimize their distribution inventories. Alan has also had a long affiliation with Supply Chain &<br />
Logistics Canada. He is a past chairman of the Association, having been on its National Board<br />
of Directors for nine years.<br />
In-Company Training<br />
This and all SEEC programs<br />
can be delivered on-site or<br />
customized for your group’s<br />
needs. Please e-mail your<br />
custom program inquiry to<br />
customseecprograms@schulich.<br />
yorku.ca. For more information<br />
call 416.360.8850 or visit<br />
www.seec.schulich.yorku.ca.
Enjoy our 100% Satisfaction Guarantee!<br />
Successfully Managing<br />
Your Distribution Inventory<br />
Upcoming Sessions:<br />
October 21 - 22, 2013<br />
<strong>Executive</strong> Learning <strong>Centre</strong><br />
May 12 - 13, 2014<br />
Nadal Management <strong>Centre</strong><br />
Ways to Register<br />
Online<br />
www.seec.schulich.yorku.ca<br />
Fax<br />
<strong>Download</strong> a registration form<br />
at www.seec.schulich.yorku.ca<br />
and fax to 416.736.5689<br />
Mail<br />
<strong>Download</strong> a registration form<br />
at www.seec.schulich.yorku.ca<br />
and mail to the address under<br />
Payment Options at right<br />
Course Tuition & Registration Details<br />
Program Tuition: $2,045 + applicable taxes. This includes instruction, all<br />
seminar materials, lunches, refreshments, but not hotel accommodations.<br />
Special Team Savings: Save $150 each when two or more team members<br />
from the same organization register for this program at the same time.<br />
Please Note: Fees, dates, speakers and applicable taxes are subject to<br />
change. York’s liability is limited to reimbursement of paid tuition fees.<br />
One free transfer is permitted, provided written notice is received at least<br />
14 days in advance of the seminar start date. Late transfer requests, less<br />
than 14 days in advance of the start date, will incur a $100 fee. Additional<br />
transfers are $200 each. Cancellations received in writing at least 14<br />
days in advance of the seminar start date will receive a full refund.<br />
Written cancellations received less than 14 days prior to the seminar will<br />
be subject to a $500 administration fee. Participants must attend all<br />
program days and fulfill all program requirements in order to receive a<br />
certificate. HST# R119306736.<br />
Experience<br />
The <strong>Schulich</strong><br />
<strong>Executive</strong><br />
Learning<br />
Difference...<br />
World class faculty<br />
and instructors<br />
Program Location(s)<br />
Payment Options<br />
This is to certify that<br />
HAS SUCCESSFULLY COMPLETED<br />
EXECUTIVE EDUCATION CENTRE<br />
SCHULICH SCHOOL OF BUSINESS<br />
DR. DEZsÖ J. HORVÁTH<br />
Dean,<br />
Tanna H. <strong>Schulich</strong> Chair in<br />
Strategic Management<br />
Signed at Toronto, Ontario, Canada<br />
ALAN C. MIDDLETON<br />
<strong>Executive</strong> Director,<br />
<strong>Executive</strong> <strong>Education</strong> <strong>Centre</strong><br />
Your course will take place at<br />
the following SEEC facilities from<br />
9:00 a.m. to 4:30 p.m. each day:<br />
October 21 - 22, 2013 session<br />
<strong>Schulich</strong> <strong>Executive</strong> Learning <strong>Centre</strong>,<br />
York University, 4700 Keele Street,<br />
Toronto, Ontario M3J 1P3<br />
Tel: 416.736.5079<br />
SEEC accepts Visa, MasterCard,<br />
American Express and cheques.<br />
If paying by mail, registration<br />
forms can be sent to:<br />
<strong>Schulich</strong> <strong>Executive</strong> <strong>Education</strong><br />
<strong>Centre</strong>, The <strong>Executive</strong> Learning<br />
<strong>Centre</strong>, <strong>Schulich</strong> School of Business,<br />
York University, 4700 Keele Street,<br />
Toronto, ON M3J 1P3<br />
Includes a handsomely framed<br />
Certificate of Course Completion.<br />
This and all SEEC open enrolment<br />
programs allow you to:<br />
• y Rapidly update your education to<br />
an executive level in areas key to<br />
your success<br />
• y Link theory to practice with a<br />
hands-on, action-based learning<br />
curriculum<br />
• y Enjoy immediate ROI through<br />
application of your learning right<br />
away<br />
• y Share experiences and knowledge<br />
with other professionals in limitedsize<br />
classes<br />
• y Leverage the expertise and insight<br />
of industry savvy, real-world<br />
instructors<br />
• y Network among graduating<br />
colleagues to develop lasting<br />
business friendships<br />
May 12 - 13, 2014 session<br />
The Miles S. Nadal Management<br />
<strong>Centre</strong>, 222 Bay St., 5th Floor,<br />
Ernst & Young Tower,<br />
Toronto, Ontario M5K 1K2<br />
Tel: 416.360.8850<br />
Optional Accommodations<br />
For sessions at the <strong>Schulich</strong><br />
<strong>Executive</strong> Learning <strong>Centre</strong>, join<br />
us at The <strong>Schulich</strong> <strong>Executive</strong><br />
Residence. Call 416.650.8300 for<br />
information and reservations, or<br />
book at www.elc.schulich.yorku.ca.<br />
For sessions held at The Miles<br />
S. Nadal Management <strong>Centre</strong>,<br />
please consider staying at the<br />
InterContinental – Toronto <strong>Centre</strong><br />
at 1.800.422.7969 or www.ictc.ca<br />
and provide the SEEC Corporate<br />
ID: 100185088.<br />
Please make cheques payable to:<br />
York University – <strong>Schulich</strong><br />
<strong>Executive</strong> <strong>Education</strong> <strong>Centre</strong><br />
Contact Us<br />
Call us at 416.736.5079<br />
(1.800.667.9380 toll free), or email<br />
execedinfo@schulich.yorku.ca.<br />
State-of-the-art<br />
learning facilities<br />
Comprehensive<br />
take-home materials<br />
YK10055