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Inventory
Reduction
Workshop
October
18, 19, 20,
Tuscaloosa, Alabama
Presented
by Barron’s-Auxier, Inc.
Hosted by the Birmingham, Alabama,
APICS
Chapter
As
professional business managers, each of us is aware of the importance of
managing our inventory levels.
The production problems that occur due to stock-outs, as well as
the
expenses related to having inventory on hand are just a few. Several
corporations still consider the expense of excess inventory as an
“insurance
premium” to prevent the problems associated with production “stock
outs”.
With the
current wide spread use of MRP, MRP2, ERP, and JIT systems, having
excess
inventory as an “insurance against stock outages” should no longer be
necessary. Especially since Inventory Carrying Costs (ICC) seem to be
increasing
every year. In 1996 a common ICC average was over 30% of the
purchase price of
the inventories. (It may be higher than that today.) “Wall Street” analysts
consider a “successful” corporation to have profits of 2% to 5% of its
sales. The Cost of Inventory (COI) often exceeds 80% for the sales price.
In
short math, the Inventory Carrying Cost would then make up 24% (30%
ICC X 80%
COI) of the sales. When an ICC of 24% is compared to the profit of 5%, it
is
easy to consider the potential additional profit a corporation could
experience,
IF the Inventory Carrying Costs were reduced.
We are
offering a workshop to assist your company to reduce Inventories, lower
your
Inventory Carrying Costs, and increase profits. The workshop has been
developed
from actual applications at our clients as well as new concepts. The basis
of
the workshop is in agreement with, but is NOT a repeat of APICS material.
This
is a REAL PRACTICAL APPLICATION of Inventory
Management for the
new millennium. The
workshop should
also qualify for 16 points (16 hours) towards the CPIM / CFPIM
Maintenance.
The
workshop is two days long. The attendees will be taken through a series
of
presentation and application of concepts, and experiential training that is
designed to build on each other through the conclusion and realization of
how
they will be able to positively impact their company.
We
are currently accepting reservation requests for the 2-day seminar. Please
check
your calendar and let us know who your attendees will
be.
AUDIENCE:
This is designed to cover the needs and understanding for
everyone in
Production Control, Industrial Engineering, Supply Chain Management,
Finance,
and Senior Management.
COSTS:
The seminar attendance fee is normally $450 per individual; $400
per
person, in groups of 4 or more from the same company. A discount for
APICS and
NAPM members is available.
Please
contact us as soon as possible with your reservation. We will be glad to
send
more information, as you require.
HOTEL:
Guest rooms are available at the hotel at $69.00 per night.
Tour
of Mercedes Plant: A 1 ½ hour guided walking tour of the factory is
included in the attendance fee
Meals:
A Daily Continental Breakfast is included
Golf:
An optional Golf outing at the locale courses is available on
Saturday,
fee is $50.00
Jeff Rentfrow, President, Birmingham APICS
Chapter
Reservations:
Apics@barrons-
auxier.com
425-482-2807
webmaster@barrons-
auxier.com
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