| Supply
Chain Management:
Improving
Inventory Performance and Bottom-Line Profits
Speaker: Gary
Gossard, President of IQR International
[see biography]
Better
methods of measuring performance and managing inventory
dollars have been successful in reducing purchased
parts inventories 20% to 40% while improving part
availability.
Come
and see a simple, straightforward way that buyers
can identify inventory improvement opportunities.
Learn successful strategies for reducing excess inventories
like focusing on the dollars and measuring performance
by inventory segment. This methodology was developed
by 35 materials managers to make the buyers’
job easier while improving inventory turns, cash flow
and company profits.
Gary
Gossard has presented these techniques at over 30
ISM and APICS meetings. His session will demonstrate
how buyers can use the information from any MRP or
ERP system to:
•
Identify good and bad inventories,
• Assess the impact of order quantities
• Review lead times and safety stocks
• Set realistic reduction objectives,
• Prioritize specific opportunities,
• Increase buyer productivity, and
• Reduce obsolescence and future write-offs.
Gary
will show case study results from several companies
and discuss the merits of paying performance bonuses
to buyers and inventory managers. |
