Introduction to Inventory Management – Complimentary Workshop
As demand shifts in a constantly changing economy, it’s important to effectively manage one of the highest asset values on your books – inventory. Presented by NJMEP, this workshop will discuss the basic concepts of inventory.
When: August 9, 2019
(Friday)
Start: 9:00am
– 11:00am
Duration: 2 hours
Location: NJMEP Training
Center, 2 Ridgedale Ave #305, Cedar Knolls, NJ 07927,
T: 973-998-9801
At the end of this workshop attendees will be able to:
- Recognize at least five different classes of inventory
- Explain six functions of inventory
- Identify three objectives of aggregate inventory management
- Determine the five types of inventory costs
- Calculate inventory turns and days of supply measurements
- Choose between 4 ordering methods
- Know when to use 2 different order timing methods
- Understand the ABC’s of Inventory classification and Inventory Control
- Take away a checklist to reduce inventories