Best Practices Inventory Management with Grant W. Howard, June 7th-9th, 2016

Novi, Michigan
Tuesday, June 07, 2016
Co-Sponsored by Infor
On all three days we will review and discuss "Best Practices" inventory management and give attendees the solid foundation and understanding required for any serious inventory program in your company. Operations, systems, sales, warehousing, and management will be discussed with a concentration on inventory management and replenishment.

An in-depth look at the processes and practices of automated replenishment and proper inventory management will be examined.  Product usage/demand, lead times, order points, line points, order quantities, safeties, and properly maintaining product levels will be discussed. What the different parameters mean, how to set them up, and how to maintain your inventory management package are all part of the agenda.

*** The third day has a question/answer with SX.e/FACTS live after lunch *** 

Day 1

Best Practices Inventory Management - How it Works
All Distribution ERP's

Tuesday, 8:30am-5:30pm; ET
  • Company Objectives 
  • Inventory Management Objectives 
  • Replenishment Model Overview: Safety, Order Point, Line Point, EOQ, Stock Level 
  • Replenishment Model Detail: Usage, Lead Times, Safety, Order Cycle, Misc. Items 
  • Introduction to 10 Steps to Best Practices Inventory Management 
  • What the Buyer’s/Inventory Manager’s Day Looks Like 
  • Driving Performance, Driving Results – Improving Profits, Turns and Service

Day 2 and 3

Best Practices Inventory Management - The 10 Steps

Using Infor ERP SX.enterprise and FACTS for demonstration purposes; content is useful for all Distribution ERP users

Wednesday, 8:30am-5:30pm ET
Thursday, 8:30am-3:30pm; ET

The Numbers: 
  • Step 1: Parameters and Set Up 
  • Step 2: Usage and Lead Time Accuracy 
  • Step 3: Generating the Numbers 
  • Step 4: Achieving Stock Level Accuracy
The Tools: 
  • Step 5: The Replenishment Process 
  • Step 6: Time Line Analysis 
  • Step 7: Preventing and Managing Excess and Surplus Inventory
Driving Performance, Driving Results: 
  • Step 8: Proactive Maintenance and Exception Reporting 
  • Step 9: Measurement and Monitoring 
  • Step 10: The Importance of Controlled Replenishment and Maintenance
The Next Level: 
  • Set Up Utility and Matrix 
  • 10 Steps and What the Buyer's Day Looks Like in SX.e/FACTS 
  • Driving Performance, Driving Results – Improving Profits, Turns and Service

*** Open Question Session ***
We will wrap up the formal session at 2:00pm on Thursday and continue with an open Q&A and look into SX.e/FACTS live to see it all come together.  Please plan on staying until 3:30pm to attend this powerful section.  Still plenty of time to catch that flight! 


Contact Information

Payment Instructions

  • Early Registration Extended Until May 13th!

    Credit Cards and Checks only
    - $4.95 registration fee and 4.95% processing fee charged by Regonline on all registrations
    - Credit card statements will reflect payment to: GWHCO
    - There will be an administrative charge of $25 for any returned checks

    Checks to:
    Grant W. Howard Company
    13214 Wallace Road
    Manchester, MI 48158

    by registering multiple people from the same company

    Early Registration extended until May 13th
    Early Registration until April 28th

    Three Day Seminar:
      Per attendee, first two attendees same company ($1,795* after April 28th)

    $1,395*  Each additional attendee after first two same company ($1,595* after April 28th)

    Single Day of Seminar:

    $1,195*  Per attendee ($1,395* after April 28th)
    More than 5 attendees, contact us for additional savings


    1. Notification of cancellation must be received in email or writing
    2. All refunds are per registered attendee
    3. Registration and Processing Fees are none refundable
    4. Refunds:
    - More than 30 days before event - Full refund
    - 7 to 30 days before event - Full refund less $100
    - Less than 7 days before event - Full refund less $250 

    Cancellation Policy:
    The Grant W. Howard Company reserves the right to cancel or postpone the event due to unforeseen circumstances and the right to reject any registration. If the event is cancelled or postponed to a date on which you will be unable to attend, a full refund of the event fee will be made.
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