12-step program to effective inventory management
The Specialty Tools and Fasteners Distributors Association (STAFDA) is offering a free webinar to help you get a handle on your stock.
What better time than the first quarter of a new year to get started on achieving effective inventory management? Begin working now to meet or exceed customer expectations of product availability by maintaining an amount of each item to maximize your company’s net profits.
In this one-hour webinar on February 5, 2019, Jon Schreibfeder, STAFDA’s inventory consultant, will explore his “12-Step Program” to increasing profitability and productivity with your investment in stock inventory. Topics include:
- Ways to make sure all material movement is properly recorded
- Developing an approved stock list
- Verifying lead times for all items to be stocked so they are set to the longest normally anticipated lead time
- Determining the typical sales or usage quantity for each item with sporadic usage
- How to set minimum and maximum stock quantities for items with sporadic usage
- Analyzing possible unusual usage at the end of each month – Plus how to adjust usage history as needed to correct for activity that probably will not reoccur
- Learning the best way to measure progress each month in achieving predetermined goals
This free webinar will be a 45-minute fast-paced, content-rich module followed by a 15-minute question and answer session.
Questions? Contact info@stafda.org or call 262/784-4774.
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