Removing and Avoiding Excess and Obsolete Inventory

Aims:

This course will explain how excess and obsolete inventory can be a problem for the company balance sheet. Unusable inventory distorts the inventory turn and is a major cause of loss of profitability. Indeed, excess and obsolete inventory may be used as indicators of the overall effectiveness of a company's operations.

Target audience:

The course is designed for general managers, supply chain managers, inventory managers and operations directors responsible for inventory performance within their business.

Course content:

• Understanding the reasons for excess and obsolete inventory
• Process analysis and problem identification
• Preparing and selling process change initiatives
• Inventory objectives and performance measurement
• Planning, launching and managing an excess/obsolete, inventory reduction campaign
• Measuring the size and extent of the problem
• Objectives, goals, critical success factors, key performance indicators
• Opportunity areas: identification and selection
• Disposal, conversion and re-use of obsolete inventory
• The 'wall of inventory' methodology
• Measuring and rewarding success