Lean Initiatives for Inventory Management

Duration: 60 Minutes
Develop a Lean Inventory Management Strategy to Balance Customer Goals vs. Working Capital Objectives Very often, supply chain professionals are asked to "reduce" inventory based upon working capital goals and financial objectives. Through sound lean initiatives, financial objectives can be reached while maximizing customer satisfaction and service.
Lean Inventory Management
Instructor: Dave Malenfant
Product ID: 505247
Objectives of the Presentation
  • Inventory should be looked at in respect of the supply chain
  • Segmentation of the inventory is crucial for success in optimizing inventory
  • The supply chain needs to be considered in all inventory decisions
  • The linkage to the customer is significant
  • PUSH vs PULL supply chain
  • Demand driven supply chain
Why Should you Attend
This webinar with expert speaker Dave Malenfant will address the balance between managing inventories to reach customer goals versus working capital objectives. It will take a supply chain view of managing and optimizing inventory. You will receive tools and explore different initiatives that can be employed to help optimize inventory turns and, therefore, inventory investment. Dave will explore some ideas, such as postponement strategies, as options to ensure that a clear balance of financial investment and inventory coverage levels are well maintained and managed.

Areas Covered
  • Overview of the different types of inventory
  • How inventory should be classified for supply chain purposes
  • How to establish targets for optimizing inventory
  • Lean initiatives to help drive the optimal inventory levels in each type
Who will Benefit
  • Inventory Planners
  • Planner/Buyers
  • Supply Chain and Financial Analysts
  • S&OP Process Participants
  • CEO
  • COO
  • CFO
  • VP
  • Directors
  • Inventory and Warehouse/Distribution Managers
  • Warehouse/Distributor associates
  • Tool Room/Crib Managers/Associates
  • Manufacturing personnel
  • Computer/Software Sales people
  • Retail Store Owners
  • Managers
  • Receiving, Inventory Personnel
  • Everyone in food industry
$300
Recorded Session for one participant
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  $450.00 Training CD
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Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Dave Malenfant brings over 30 years in Supply Chain Management. After graduation from the University of Windsor, Ontario, Canada, he worked in several Supply Chain management positions with Wyeth Ayerst Canada. In Canada, Dave was Co-founder and President of Signature Consultants, Inc., (1973) a business, finance and economic consulting firm. Signature Consultants, Inc. was sold in 1993. Dave implemented and operated several other business initiatives that are still profitable in Canada. Dave has worked for Alcon Laboratories, Inc. in Fort Worth, Texas since 1993, holding positions as Purchasing Manager, Materials Operation Manager and Director Global Supply Chain. Dave retired as Vice President Global Supply Chain. As Vice President he provided strategic direction for the company's Global Supply Chain initiatives and innovation. He provided leadership and a center of excellence globally for Distribution, Transportation, Customer Service, Sales and Operations Management, Data Management and Product Launches. Over the years, Dave has been responsible for the implementation of over 30 different computer systems - WMS, ERP, Finite Scheduling, Order Entry, among others. Dave is past chairman of the Supply Chain Council. Dave is currently the Director for the Center of Supply Chain Innovation at TCU. He also serves as Industry Relations Liaison and Talent Development for the BSMA (Biotech Supply Management Alliance) and a member of the Executive Committee of NASSTRAC. Dave is well recognized for creative development of standardized systems, innovative business processes, delivering cost effectiveness and implementing enabling technology throughout entire supply chain. He is a frequent speaker at Supply Chain Conferences on innovation, talent and the vision for the future supply chain.
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