Best Practices Inventory Management - How it Works
All Distribution ERP's

-Company Objectives
-Inventory Management Objectives
-Replenishment Model Overview: Safety, Order Point, Line Point, EOQ, Stock Level
-Replenishment Model Detail: Usage, Lead Times, Safety, Order Cycle, Misc. Items
-Introduction to 10 Steps to Best Practices Inventory Management
-What the Buyer’s/Inventory Manager’s Day Looks Like
-Driving Performance, Driving Results – Improving Profits, Turns and Customer Experience

Best Practices Inventory Management - The 10 Steps
Using Infor ERP CSD for demonstration purposes; content is useful for all Distribution ERP users

The Numbers:
Step 1: Parameters and Set Up
Step 2: Usage and Lead Time Accuracy
Step 3: Generating the Numbers
Step 4: Achieving Stock Level Accuracy

The Tools:
Step 5: The Replenishment Process
Step 6: Time Line Analysis
Step 7: Preventing and Managing Excess and Surplus Inventory

Driving Performance, Driving Results:
Step 8: Proactive Maintenance and Exception Reporting
Step 9: Measurement and Monitoring
Step 10: The Importance of Controlled Replenishment and Maintenance

The Next Level:
Set Up Utility and Matrix
10 Steps and What the Buyer's Day Looks Like in CSD
Driving Performance, Driving Results – Improving Profits, Turns and Service.

Continuation of Day 2 Agenda

We will wrap up the formal session at 2:30pm on Thursday and continue with an open Q&A and deeper look into your questions. Please plan on staying at 2:30pm to attend this powerful section. Still plenty of time to catch that flight!