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Next Session: October 21 - 22, 2013 • See back panel for three easy ways to register
Program Content
Day 1
Course Overview
• y What kinds of inventories we are
managing?
• y What kinds of systems we are using?
Introduction to Inventory Management
• y Inventory forms and functions
• y Financial impact
• y Benchmarks
• y Control vs. optimization
• y What makes it tough
Technical Basics
• y Core process and metrics
• y Inventory turns
• y The ABC Principle
Forecasting Sales or Usage
• y The forecasting process
• y Good forecasting practices
• y Working with customers
• y The value of a good forecast
• y Measuring forecast accuracy
• y Assessing and improving forecasting
Control Systems
• y Requirements planning
• y EOQ/ROP system
• y Min/Max system
• y The three inventory costs: acquisition,
carrying, stock out
Order Quantities
• y Factors that determine order quantities
• y Economic order quantities and models
• y How to handle freight costs
Case Study
Working on Participant Inventory Issues
Day 2
Safety Stock
• y Working with the normal distribution
• y Fill rate targets
• y Role of safety stock
• y Lead times and review times
• y Calculating safety stocks
• y How to set safety stocks that work
Deciding How Much Inventory to Carry
• y Setting fill rate targets
• y Setting turns targets
• y Building and using inventory turns
models
Inventory Networks
• y Today’s network opportunities and issues
• y Framework for analysis
• y Combining two inventories into one
• y Central stocks versus direct to field
stocking points
Case Study
Working on Participant Inventory Issues
Unique
Course
Features
• y Learn in an interactive workshop format
• y Receive presentation slides and a CD with course
exercises and materials
• y Work through exercises and examples on your laptop
• y Class time is set aside for working on participant
company’s inventory issues
Instructor Profile
Alan Saipe, M.A.Sc, Ph.D.
Alan Saipe has been involved with supply chain and logistics management for most of his
working career – as a consultant, an educator and a line manager. As director of operations at
Connaught Laboratories Limited he rightsized the company’s insulin inventory. As an educator
he has taught logistics and inventory management in MBA, executive MBA and in executive
education programs. And as a consultant he has worked with dozens of clients to improve and
optimize their distribution inventories. Alan has also had a long affiliation with Supply Chain &
Logistics Canada. He is a past chairman of the Association, having been on its National Board
of Directors for nine years.
In-Company Training
This and all SEEC programs
can be delivered on-site or
customized for your group’s
needs. Please e-mail your
custom program inquiry to
customseecprograms@schulich.
yorku.ca. For more information
call 416.360.8850 or visit
www.seec.schulich.yorku.ca.