The Japan Logistics Systems Association (JILS) will hold a "Practical Seminar on Inventory Optimization" on November 13th.
For shippers in manufacturing, distribution, and other industries, inventory is directly linked to key business management indicators, including cash flow. Even when efforts are made to optimize inventory levels, the effects may not be as initially expected, or while there may be temporary improvements, the situation may revert to its original state over time.
When optimizing inventory levels, it is necessary to consider the overall optimization perspective, including sales, production, and procurement, which are the main factors determining inventory levels.
The seminar will cover inventory management practices for shippers and key points for optimizing them, through a combination of lectures and exercises.
■ Outline
Date and time: Friday, November 11th, 13: 10-00: 17
Venue: Japan Logistics Systems Association Training Room (1-15-1 Kaigan, Minato-ku, Tokyo)
Capacity: 25 people
Participation fee: 38,500 yen (tax included) for JILS members, 55,000 yen (tax included) for non-JILS members.
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<<Click here for the brochure>>
■ Recommended for these people
They are responsible for SCM, logistics, and distribution at shipper companies in manufacturing, distribution, and other industries.
We are a logistics subsidiary and logistics operator, and we are interested in inventory management for our client companies.
We want to review our inventory from a holistic perspective, including sales, production, and procurement.
■ What you aim to achieve through this course
This will help you organize your basic knowledge about inventory management.
You will be able to understand approaches to optimizing inventory.
■ Program
1. Inventory in a company
What is inventory?
- Impact on inventory in each operation, from procurement to production and sales.
The role of inventory
• Supply models and the role of inventory
• Common inventory management methods
- The impact of inventory from a financial perspective
2. Approach to inventory optimization
Set appropriate inventory standards.
How to determine inventory standards through segmentation
Management processes for maintaining appropriate standards
Key points of the Production, Sales, and Inventory Planning (PSI)
- Steps for defining a Production, Sales, and Inventory Plan (PSI)
Regarding the use of IT systems
3. Group Exercises
We will identify problems based on inventory and shipping performance data, and consider directions for improvement and reform.
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