How To Reduce Inventory Levels to Increase Your Bottom Line

Learn to optimize inventory levels to increase your company's bottom line.

Many Purchasing managers who are required to manage inventory levels often come across complexities in optimizing inventory to increase the company's bottom line. In the details of daily tasks, it can be difficult to focus on the overall strategy while products are being delivered, counted, protected, and moved.

Additional challenges arise when determining which products should be cleared out, and whether that should happen by accelerating sales or slowing purchases. This topic will provide clarity and powerful techniques which span both data-driven thinking and soft-skills prowess. The material also illustrates a successful inventory forecasting method and innovative approach to optimizing the low risk of supplier diversity and the attractive benefits of purchasing power that comes from consolidating suppliers.

This information is critical for Purchasing managers, Procurement managers, small business COOs and CEOs, Inventory specialists, and management consultants so they can avoid dusty, expensive relics in the warehouse and increase profits.

Learning Objectives:

This Live Webinar Covers These Hot Issues:

Moving What You Have

• The Hidden Cost of Hanging Onto Dead Stock
  
• The Cost of Offloading the Wrong Products
  
• Dollars and Days: The Real Indicators of Dead Inventory

Slowing What You Get

• Managing the Timing of Purchases
  
• Winning Negotiating Techniques
  
• Managing the Balance Between Diverse Suppliers and Purchasing Power

Seizing Opportunities and Minimizing Risk Exposure

• Identifying Growth Areas and Down-Trending Products
  
• Promotions to Leverage Both
  
• Managing Reorder Points for New Products

Forecasting Inventory Levels

• Sales Projections: The First Lever for Forecasting
  
• Live Forecast Demo

Credit Information (Sponsored by Lorman Education Services):

• CPE
• ISM
• AIPB
• NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Faculty:

Layne Booth, The Project Booth

• Owner and Operations catalyst of The Project Booth
• Practice emphasizes all aspects of Operations, Supply Chain Management, Manufacturing, Inventory and Forecasting
• Conducts regular workshops on Back End Systems and Strategies
• B.S. degree, textile and industrial engineering
• Six Sigma Green Belt, Project Management Professional
• Can be contacted at info@theprojectbooth.com or www.theprojectbooth.com

Jaime Campbell, CPA, MBA, Tier One Services, LLC

• Partner in the firm of Tier One Services, LLC
• Practice emphasizes all aspects of internal accounting activities for $1M to $10M for-profit and not-for-profit organizations
• Conducts regular seminars and workshops on Excel, QuickBooks, financial statements, and cash flow forecasts
• Author of several publications related to the areas of Excel, QuickBooks, and other accounting technology and policies
• •M.B.A. degree in professional accounting, Rutgers Business School; Bachelor of music education, Florida State University
• Member of AICPA, NJSCPA, NCACPA, FICPA
• Can be contacted at jcampbellcpa@tieroneservices.net, (704) 837-0185, on Twitter® @jcampbellcpa, www.facebook.com/jcampbellcpa or www.linkedin.com/in/jcampbellcpa