Complete Story
10/11/2024
017. Overcoming Supply Change Challenges (morning)
Instructor: Jon Schreibfeder
Level of Complexity: Intermediate
9:00 AM - 12:00 PM
When you import products from overseas or have other situations where you face long replenishment lead times you face some special challenges. In this session we will explore effective ways of planning and maintaining your supply chain.
Topics will include:
• Forecasting demand for an extended period of time.
• Managing long lead times and order cycles.
• Effectively filling containers.
• Determining whether it is more effective to buy from a higher cost, more reliable. vendor or a lower cost, less reliable, supplier.
• Deciding whether it is more effective to buy from a vendor or replenish stock from a central warehouse/distribution center.
• Tools to measure the performance of your supply chain.
Learning Objectives:
- Forecasting product demand and setting replenishment parameters for an extended period of time.
- How to select vendors and develop long term successful relationships.
- Monitoring material movement from its source to your warehouse(s).
- Determining when to replenish stock with a purchase from a vendor or a transfer from another company location.
Bookstore
Achieving Effective Inventory Management – 6th Edition
Jon Schreibfeder
Achieving Effective Inventory Management, 6th Edition, based on our most recent research and up-to-date “best practices”, provides a complete guide for managing a large and often troublesome asset: inventory.
The economic challenges facing distributors today have resulted in EIM conducting a thorough review and update of the entire 5th edition. This update, coupled with discussions regarding the impact and adjustments that the current economic challenges have produced in all areas of inventory management, has produced our new 6th edition.
This book helps you achieve the goal of effective inventory management — to meet or exceed customers’ expectations of product availability with the amount of each item that will maximize your organization’s net profits or minimize its total inventory investment.
