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Fundamentals of Inventory Management

How To Plan and Control Inventories

A Two Day Inventory Management Seminar

1.2 CEU's awarded

Conducted by

 Henry H. Jordan III, CMC, CPIM, CIRM
Center for Inventory Management
Stone Mountain, Georgia

Content

If you are new to inventory management or if you are a seasoned manager,
this comprehensive seminar will cover the latest techniques for inventory
planning and control in the real world.

If you have any questions on this seminar, please call us at 770-414-9302 or
fax 770-414-9308. You may also use e-mail: HHJordan@aol.com

AGENDA

First day

9:00 - 9:30 a.m.        Introduction and listing of problem areas for discussion

 

9:30 - 10:30 a.m.      Objectives of inventory management

ZERO inventory philosophy

Optimum customer service

Minimum inventory investment

Maximum productivity

Accounting for inventory

Classification of inventory

Inventory records

Segmentation of inventory

Inventory flow

10:30 - 10:45 a.m.     Refreshment break

10:45 - 12:00 noon    Distribution by value (ABC) analysis

12:00 - 1:30 p.m.       Lunch and discussion.

1:30 - 2:30 p.m.         Inventory Systems:

Order Point and MRP

2:30 - 2:45 p.m.         Refreshment break

2:45 - 3:15 p.m.         When to order:

Management of lead-times

Order point construction

3:15 - 4:30 p.m.         Order quantity decisions:

Costs in inventory

Set-up and order costs

Economic lot sizing techniques

Second day

9:00 - 10:30 a.m.        JUST IN TIME Concept

Price increase considerations

Quantity discounts

10:30 - 10:45 a.m.      Refreshment break

10:45 - 12:00 noon     Inventory planning

How to establish safety stocks

Policies for inventory management

Real control of inventories

Inventory performance analysis

IPAS system

Vendor Managed Inventory

Benchmarking

12:00 - 1:30 p.m.         Lunch and discussion.

1:30 - 2:30 p.m.           Presentation of Case Study

Organization of attendees in work groups

Work on case study

2:30 - 2:45 p.m.           Refreshment break

2:45 - 3:30 p.m.           Case study - presentation of solutions

Questions and Answers

CONTINUING EDUCATION UNITS: Participants who successfully complete a seminar
earn continuing education units (CEU's). The CEU is a nationally recognized standard unit of
measurement awarded for participating in qualified programs of continuing education.

Your Seminar Leader

HENRY H. JORDAN III, CMC, CPIM, CIRM

Henry H. Jordan III is a Certified Management Consultant specializing in production
and inventory management with particular expertise in MRP II systems, production control
and inventory management, information systems and business communications.  For the
past 20 years he has developed and conducted
seminars and workshops on inventory
management, material requirements planning, cycle counting for record accuracy,
bar coding, just-in-time, manufacturing resources planning (MRPII) and
Total Quality Management (TQM).

Mr. Jordan's clients include Avery, Atlanta Bonded Warehouse Corporation,
BellSouth Telecommunications, Carpenter Body Works, CONTEL, Depot-America, Inc.,
EEM Advancement Centre of Singapore, Eurosoft AB of Sweden,
Evans Product Company, Fulton County School System, Georgia Power Company,
Hercules Incorporated, International Playtex, MARTA, Nordson Corporation,
Potter & Brumfield Company, Steel Heddle Manufacturing Company, Totes, Inc.,
and UNICON of Puerto Rico.

 TEACHING EXPERIENCE

·        Dekalb County School System, 1974-1979;

·        Gwinnett Area Tech, Marketing Management, 1987-1989;

·        DeVry Institute of Technology, Business Programs,1990 to present.

 EDUCATION

·        Presently working on his Ph.D. in Educational Leadership through Colorado
State University; Fort Collins, Colorado;

·        Post graduate work in Marketing Management, Keller Graduate School, 1996;

·        Information Systems, Behavior Sciences, Business Education, Georgia State
University, 1980 and 1991;

·        Master of Education, Georgia State University, 1977;

·        Bachelor of Science, Education, SUNY at New Paltz, 1974.

 COMPUTER EXPERIENCE

Mini and micro computers including related software including word processing,
desk top publishing, project management, graphics, fourth generation relational
databases, and telecommunications.

 CERTIFICATION AND AFFILIATIONS

·        Institute of Management Consultants (IMC), Certified Management Consultant
(CMC), 1985;

·        American Production and Inventory Control Society (APICS),Certified in
Production and Inventory Management (CPIM), 1989;

·        Certified in Integrated Resource Management (CIRM) 1995;

·        Member, Delta Pi Epsilon, Beta Tau Chapter, Atlanta, Georgia, 1993;

·        Marketing Standards Working Committee - Post Secondary Schools, University
of Georgia, 1988;

·        Member, Certification Oral Review Committee, Atlanta Chapter, Institute of
Management Consultants, 1987 to present;

·        Membership Retention Coordinator, Atlanta Chapter, American Production and
Inventory Control Society (APICS), 1989-1990;

·        President, Sigma Beta Delta International Honor Society, DeVry Georgia Chapter,
1999-2001.

PUBLICATIONS

·        Co-author, Cycle Counting for Record Accuracy, Second and Third Editions,
American Production and Inventory Control Society (APICS), 1984 and 1994;

·        Assistant Editor, Chapter 11, Manpower Information, Production and Inventory
Control Handbook, McGraw-Hill, 1987;

·        Chapter information on Robots in Manpower Management and Control,
Chapter 8 (formerly Chapter 11), APICS Handbook, Third Edition,
McGraw-Hill, 1997;

·        Editor, Inventory Management Newsletter, Center for Inventory Management,
1983 - 1990;

·        Editor, LEADTIMES, APICS Newsletter, Atlanta Chapter, American Production
and Inventory Control Society (APICS), 1990-1991;

·        Paper and video tape on An Actual Integrated Resource Curriculum for the
1995 World Symposium of Integrated Resource Management, Auckland,
New Zealand;

·        Editor, Institute of Management Consultants Newsletter - Atlanta Chapter,
1996-1999.

 VOLUNTEER

·        CanSurmount counselor, American Cancer Society, Atlanta, Georgia.

·        Consultant to the Materials for the Arts program, Arts Clearinghouse,
Bureau of Cultural Affairs, City of Atlanta.

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  Copyright © 2001 Center for Inventory Management
  Last modified: August 08, 2011