Examines how to keep inventories to a minimum. This is done by analyzing all the open and hidden costs of holding inventory and moving to a new system based on minimal stocks and just in time.
To demonstrate the impact of minimizing inventory on the overall mix of financial or profit levers that can be 'pulled'
1. Analyzing inventory costs
2. Calculating the cost of holding inventory
3. Reasons for holding inventory
4. Use of an EOQ model
5. Just In Time (JIT) processes
6. Comparing results with previous situations
7. How to blend EOQ into JIT and review results
8. Strategies to remove remaining costs
Duration : 1 day
Validity : N/A
Min Att : 5 Persons
Max Att : 10 Persons
[Financial Budgeting] [Increasing Revenue] [Reducing the Cost of Sales]
[Reducing & Controlling Expenses] [Minimizing Inventory] [Optimizing Timing of Accounts Payments] [Collecting Debts more Efficiently]
[Making the Best Use of Assets] [Optimizing Levels of Debt Capital] [Maximizing and Optimizing Cash Flow] [Using Effective Acounting Systems]