Inventory Reduction Workshop
(Seven ways to reduce inventory while improving customer service performance)

As the global economy becomes more competitive, firms have to brace themselves for more challenges. While profitability is always a key concern, managing cash flow is becoming the top priority of most firms. The importance of reducing inventory in either normal or abnormal times cannot be overemphasized as firms look for ways to reduce cost and generate cash flow. Lower inventory, after all, translates to lower working capital, more cash, and lower obsolescence cost.

Workshop Objectives

By the end of the workshop, participants will be able to:

  • Explain the basic concepts of inventory management
  • Describe the role inventory plays in serving the customers at the least cost
  • Explain the competitive advantage and business benefits of reducing inventory
  • List the different components of inventory and the factors influencing them
  • Explain the different tools and approaches in reducing inventory
  • Identify potential inventory reduction projects and develop an inventory reduction plan for their respective organizations

Who should attend?

Supply Chain Directors, Purchasing Heads, Materials Managers, Supply Chain Managers, Purchasing Managers, Finance Managers, Inventory Control Managers, Production Planning Managers, Materials Planning Managers

What Previous Participants Say

  • "I like the seven tools, it is very practical, organized and enlightening - presented in a way that is applicable on the shop floor and our industry"
  • "The Sales and Operations Planning tool gives me some view on how we can balance supply/material and customers demand"
  • "I liked the entire workshop, served the purpose and broadened my understanding of inventory control"
  • "The real life examples and actual practices helped me understand the topics better"

Your Speaker/Workshop Facilitator

Mr. Jovy Jader is presently a Partner of Prosults Consulting LLP. Prosults Consulting LLP is a management consulting firm helping companies design and implement business improvement projects, and has helped client companies improve cost, reduce working capital/inventory, increase revenues, and improve delivery performance. Prosults' clients include multinational companies in the food, pharmaceutical, consumer goods, energy, and export industries. Other clients include domestic enterprises which are leaders in their respective industries.

He is the author of Speed Kills...Your Competition "Driving Growth Through Supply Chain Excellence", and has been a regular contributor to BusinessWorld with his monthly column, Eliminate, Simplify, Integrate, sharing his insights and experience in various supply chain management and business improvement topics.

Mr. Jader was previously connected with Procter & Gamble Philippines and PriceWaterhouseCoopers Consulting (formerly Coopers & Lybrand), assisting companies across Asia in Supply Chain Management improvement projects.

Workshop Details

2-day online Zoom video conferencing session from 2:00 PM to 4:30 PM (UTC+8)
Date to be determined by participating company (subject to speaker availability)
15 - 20 participants

Workshop Fee:
US $ 1000.00, net of taxes for firms based in the Philippines
US $ 1500.00, net of taxes for firms from outside the Philippines

Payable to: Prosults Consulting LLP

Account number: 019-903996-4
Development Bank Of Singapore (DBS)
Bank code: 7171
Swift code: DBSSSGSG

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