Inventory Management
101®
An
interactive, applied workshop that will help you
to
balance your inventories and purchases to sales.
Topics
In
today’s marketplace, inventory management often is a key determinant
of a retailer’s success or struggles.
Having the right amount of merchandise available at
the right store at the right time is crucial to customer satisfaction.
But the costs of having too much inventory can suffocate
a retailer.
TEC’s
workshop covers the following topics:
 An overview of Inventory Management
Important concepts and terms including:
On-hands / On-orders
Turnover
Over stocks
Stock Shortages
Item / location relationship
Tracking item movement
Factors to know and understand when replenishing
Replenishment option types
The role of the distribution center
Order tracking
Importance of accurate receiving
Inventory adjustments
Physical inventories
Roles and responsibilities
The role of technology
Length of Workshop
Approximately
one to two days for the base course, and may vary depending
on client customization.
Recommended
Audience
Designed
for retail associates involved in the inventory management
of goods and services.
Recommended
Class Size
Twelve
to fifteen participants.
Participant
Materials
Workbook
Exercise scenarios
Optional Services
Customized
Glossary
Roles
and responsibilities as defined by your retail organization
Your
specific technological systems
Course Evaluation for Reaction & Planned
Action, Learning, Application, and Business Impact
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