Inventory Management 101

Home / Events / Inventory Management 101

Start Date

January 26, 2022 12:00 pm

End Date

January 27, 2022 04:00 pm

Venue

VIRTUAL

Organizer

Polaris MEP

Price

USD350

Improve your bottom line with a better understanding of how to measure and control your inventory.

Inventory is a key asset of every manufacturing and distribution company, but it is often overlooked or poorly managed.

Who Should Attend

Anyone who has a role in managing and controlling inventory: Managers, buyers and purchasers, production staff, accounting and finance staff, and those who work in distribution and warehousing.

Open to Rhode Island manufacturing companies/employees only.

Why Attend

A foundation in basic inventory management helps you control this key balance sheet item. Learn how to maintain enough inventory to meet customer service levels and ensure smooth production – without letting it become a drag on your company’s capital and income.

(We hosted an info session on Inventory Control in the fall of 2021. Watch the webinar to get a “taste” of this 101 class and some tools you can use immediately for inventory control.)

What to Expect

Click to download the Inventory Management 101 syllabus.

January 26, 12pm to 4pm — Session 1.

January 27, 12pm to 4pm — Session 2.

Two 4-hour interactive online classes, in which you’ll learn proven methods to identify and measure inventory costs, and start to identify practices that you could implement to improve your operations.

Discover:

  • How to identify and define inventory
  • Ways to classify and segment your inventory
  • The basics in counting and verifying inventory
  • Common control methods
  • How to measure and track costs
  • Different inventory measurement and reporting methods
  • Different management approaches , including how to determine effective inventory levels and reorder triggers.

Cost: $350/person

No more than 3 students from any one RI manufacturing company. Students will earn a certificate.

After clicking “Sign Me Up,” below, you will receive instructions on how to complete payment. 

About the Trainers

Polaris MEP Project Manager Ted Kennedy has 35 years of experience within Operations and Engineering in the metalworking, toy manufacturing, and automotive manufacturing industries. He is a Lean leader with expertise in streamlining manufacturing, warehouse/distribution, retail packaging, and office processes.

Among other achievements, Ted created plant layouts for new 30,000 Sq. Ft. and 120,000 Sq. Ft. buildings and modified building layouts on three other facilities consolidating manufacturing and warehouse space by 30% to 40% using Lean tools. He also helped design a bar code system for use in manufacturing and shipping which was in use for over 15 years. He is a Six Sigma Black Belt.

 

Workforce Project Manager Annie Unger joined Polaris MEP after more than a decade of technical educational experience at the New England Institute of Technology, designing courses such as Metrology, Quality & Manufacturing Planning and instructing workforce training curriculum. A popular Lean and Six Sigma professor, she excels at teaching process improvement methods and ensuring tools are applied successfully.

Name(Required)
This field is for validation purposes and should be left unchanged.

After clicking “sign me up” you will be sent payment instructions for this course.


Polaris MEP is committed to offering the best business improvement programs to Rhode Island Manufacturers.

In order to achieve that goal and to justify continued U.S. Department of Commerce funding for these services, participants are asked to provide impact data and assessment. You’ll be asked for feedback through a short online survey within 1-3 days of this program and possibly again through an impartial third-party survey firm, 6-12 months after the course ends.

Subscribe To Our Newsletter