PDM: Inventory Optimization
ASCM Toronto Members: $5.00 + HST =$5.65 
Non-Members and Guests: $20.00 + HST = $22.60 
Presentation Outline
- What is Inventory Optimization?
- Why is it Important?
- Discussion of the key inventory categories such as safety stock, cycle stock, pipeline stock, excess and obsolete inventory
- Inventory Strategies such as ABC-XYZ classification, SKU rationalization, service level segmentation, replenishment frequency strategies by ABC-XYZ class, regionalization, etc.
- The importance of inventory management processes such as inventory forecasting, regular safety stock reviews, monitoring adherence to planning parameter guidelines and a monthly E&O process
- Monitoring inventory performance and different types of inventory metrics such as impact metrics, achievement metrics, effectiveness metrics, and continuous improvement metrics
- Inventory Optimization Challenges
- Inventory Optimization Approaches
- Questions and Answers
Paul Wobbe
Paul Wobbe is a passionate and accomplished supply chain leader with over 30 years of supply chain management experience. He has worked in and consulted for multiple Fortune 500 companies across multiple industries including CPG, Industrial Products, Chemical, Pharma, and Oil and Gas.
Paul is focused on transforming supply chains into strategic tools to grow the business and increase profitability and has a long track record of building supply chains that deliver improved reliability, higher customer service levels, reduced costs, and lower inventories.
Certification of Maintenance: 1.5 points
Agenda:
6:00 - 6:15 Registration and Networking
6:15 - 7:30 Presentation | Q & A
Price:
ASCM Toronto Members: $5.00 + HST = $5.65
Non-Members and Guests: $20.00 + HST = $22.60
ASCM is an unbiased partner, connecting companies around the world with industry experts, frameworks and global standards to transform supply chains.