advanced inventory management

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Designed for experienced Parts Professionals who have completed the Parts Operations Course and want to expand their knowledge of Inventory Management.

Employees who have completed the Parts Operations course and want to employ more advanced tools.

Stocking Parameters

• Balancing Coverage vs. Risk
• Using simulations to set and adjust the Stocking Parameter.
• Hybrid Parameters: Value Based, Product Based
• Evaluating your current Stocking Parameter

Inventory Removal / De-stocking

• Setting Phase-In and Phase-Out Parameters
• De-stocking impact on Inventory Turns
• Options for removal

Demand Management

• Recording Lost Sales
• Root cause: Price vs. Availability
• Impact on stocking and Fill Rate
• Impact on VMI type programs
• Correcting Abnormal Demand

Factors controlling Fill Rate

• Adjusting Stocking Parameter
• Impact of Breadth (Compliance) on Fill Rate
• Impact of Inventory Accuracy on Fill Rate
• Managing Supersessions
• Rolling Demand History to the new part
• Implementing a “Sell First” solution

Managing Kits

• Building kits for campaigns and seasonal events
• Tracking demand for kits
• Dismantling kits for component demand

Managing Slow Moving Parts

• Velocity based slotting tactics
• Storage density methods
• Consolidation strategies

Inventory Profiles

• Monitoring Inventory Health
• Setting up an Inventory Profile 

Download the full agenda here.

Dealers: $720 USD

US Kubota Tractor Dealers using KEP Subsidy: $360 USD Click here for details.