Inventory Planning Concepts for Manufacturers & Distributors

March 21, 2018
8:00 AM PDT - 5:00 PM PDT

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Coast Bellevue Hotel
625 116th Ave NE
Bellevue, WA 98004
http://www.coasthotels.com/hotels/washington/bellevue/coast-bellevue-hotel/
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Topics Include:

  1. Why have inventory?
  2. The role of working stock and safety stock
  3. Economic order quantities
  4. Measuring service from working stock alone
  5. How too-small lot sizes can cause higher inventory
  6. Minimizing total inventory
  7. Raising service and reducing inventory simultaneously
  8. The service/inventory tradeoff curve
  9. Service measures
  10. How to set safety stocks
  11. How not to set safety stocks
  12. Optimizing safety stocks
  13. Planning for expediting
  14. When is inventory excess

Biographical Information: John A. Estep, CFPIM, is president of E/Step Software Inc., a Yakima, Washington based company specializing in education and software for finished goods/service parts forecasting, and inventory & replenishment planning. A frequent speaker at industry conferences, Mr. Estep has written dozens of conference and trade journal articles and was a columnist for APS (Advanced Planning & Scheduling) Magazine, writing their "On Demand" column. With a background in mathematics, statistics, operations research, and electrical engineering, he worked on his first forecasting system for an apparel manufacturer in 1970, and has since counseled hundreds of companies on their forecasting and inventory planning needs. Mr. Estep is the chief architect for his company’s Finished Goods Series demand forecasting and inventory planning software.

Tickets

$320.00 Members
$25.00 Earlybird rate before March 14

$420.00 Non-members
$25.00 Earlybird rate before March 14