In this conference you'll learn...
Innovative, low-cost or no-cost ways to prevent inventory shrinkage
Next-level strategies for launching inventory record accuracy to 95% or higher
The latest "how-to´s" for improving the accuracy of forecasts
An update on inventory management technology and what´s right for your company
And much more!
LEAD IN
It´s been hammered home a million times: To gain an edge in today´s competitive environment, your warehouse and inventory management system must be lean, mean and super-efficient. As the person responsible for running an effective warehouse and inventory control system, you know there´s nothing easy about making the continual changes required to keep your inventory running smoothly, eliminate outdated practices and squeeze the highest level of productivity out of employees and vendors. This conference will put you at the forefront by examining those issues that are unique to the warehouse environment. You´ll learn fast, easy and cost-effective techniques being used by top warehouse managers across the country to get the most of warehouse space, sharpen forecasts, find optimal stock levels and overcome every inventory management challenge that comes your way.
We´ve packed a lot of information into just one day ... so feel free to move in and out of these two tracks and 10 dynamic sessions. It´s your conference—don´t miss a thing!
OPENING SESSION: 9:00 – 9:35 a.m. — The Changing World of Warehouse Management
TRACK ONE: Improving Warehouse Organization and Productivity
Session 1: 9:50-10:40 a.m.
Gain control over your stock
In the perfect warehouse, stock is not a problem: As little inventory as necessary is carried—and it´s moved as fast as possible. Now let´s talk about everyone else´s warehouse. If too much stock, obsolete stock, safety stock and stock that moves too slowly is eating up your warehouse space, then this session´s for you. We´ll help you recognize the seemingly limitless ways stock levels can be adversely affected and show you how to minimize stock on hand—while still meeting the highest customer service standards.
How to maintain the least possible amount of safety stock without sabotaging customer service goals
Basic stock management techniques that will solve 99% of your problems
The problems employees have in rotating stock and what you can do to prevent them
Recognizing stock problems that can all of a sudden turn into cash flow crises
How to NOT get stuck with excess inventory
Session 2: 10:55-11:45 a.m.
Negotiate the most favorable deals with vendors
It doesn´t matter whether you´re purchasing shelving or tons of concrete. Vendors and suppliers will work hardest for those customers who are working with—not against—them. In this session, you´ll learn how to take full advantage of the relationships you have with vendors so that you get the most value for the money spent. Learn how some managers become the biggest obstacles to success in this area and how to make your vendor a de facto employee, a bona fide business resource and a trusted partner.
The difference between a vendor and a partner
The secret to establishing profitable relationships over the long haul
Negotiating to get the best from vendors—what really works
The vendor performance score card—how do your vendors measure up?
How to work vendor relationships hard and take advantage of all that these experts have to offer you
Session 3: 1:00-1:50 p.m.
Forecasting—you don´t need a crystal ball to get it right
Most warehouse professionals would give their right arm to get hold of an accurate forecast of future inventory demand. You know yourself how much havoc forecasts with even the smallest mistakes can wreak. They cause unwanted shortages and surpluses, warehouse space crises and poor customer service. Here, we´ll examine common misconceptions about forecasting, often-overlooked factors impacting forecasts, the sources of errors and much more as we introduce an easier and better way to predict your company´s needs.
Changing the Stone Age mentality that contributes to inaccurate forecasts—and poor decisions
Getting a handle on correcting little errors that can cause big problems
How simply thinking differently about the information you collect can make a big difference
The realities of forecasts that the best leaders are tuned into
Surprising factors that contribute to forecasting errors
The challenge of seasonal demand patterns
Session 4: 2:05-2:55 p.m.
When expansion isn´t an option ... how to optimize space in your warehouse
The design and layout of your warehouse is just not working. You´re having problems meeting schedules and communicating. Lead times are too long, and production is inefficient. It may seem your only option is to add new space—which you can´t afford to do. However, there´s another option we´ll explore in this session—re-thinking your existing layout to maximize space and increase efficiency. Come learn about the latest concepts and strategies for increasing your space-saving potential and how to make dramatic improvements—no matter how small or large your facility is—quickly, easily and cost-effectively.
The building blocks of warehouse efficiency
How to see your facility through the eyes of an efficiency expert and identify wasteful weak spots
Simple changes that will produce big wins in space utilization
What it takes to get the support of higher-ups for your plans and ideas
The symptoms of a design and layout that isn´t working
Session 5: 3:10-4:00 p.m.
Slash employee theft and increase security
Inventory theft is a reality in warehousing. Unfortunately—with people in, out of and around your facility all the time, it´s difficult to protect yourself. But there are multiple ways to discourage inventory shrinkage problems and head off the costs of lost inventory, higher insurance premiums and employee turnover. This session will teach you how to draw on all the resources available to you to find the right combination of physical deterrents and systems and controls to keep shortages from occurring—and impacting your bottom line.
Hiring the right people to begin with—steps you can take today
How to cut inventory shrinkage by as much as 75%—exactly what you need to know
How to stop employees who "borrow" from inventory or take "samples"
Get a grip on the latest security technology—is it right for you?
One of the cheapest—and most effective—theft deterrents
The role "tough love" must play when you catch someone stealing
TRACK TWO: Overcoming Inventory Management Challenges
Session 1: 9:50-10:40 a.m.
Make cycle counting work
Thinking of starting a cycle count program to make your inventory more accurate and as an alternative to those time-consuming physical inventories? The hardest part is getting started—and that´s what we´re here to help you with. Attend this session and find out, step by step, how to design and run a cycle count program customized to your specific needs. Gain dozens of suggestions and shortcuts that will make it practical to verify inventory record accuracy more frequently through cycle counting and at a far lower cost than physical inventories.
Great ways to encourage counters to do their very best job
The problem with tracking in-transit inventory
Can you really eliminate physical inventories with cycle counting?
2 keys to fast, accurate cycle counts
General rules to follow that will reduce paperwork hassles
Session 2: 10:55 – 11:45 a.m.
Preparing for a stress-free physical inventory
Heading into a physical inventory without thoroughly preparing is professional suicide. Yet many managers find it difficult to get a solid game plan together in time for the big day. That´s why this how-to session will examine the basic steps involved in preparing your people and facility for a smooth physical inventory. Find out specific things you can do in the weeks, days and hours before the inventory begins to avoid miscounts and misses and end up with an accurate count of what´s in stock that you can take to the bank.
The first step: Convincing everyone in your company why accurate physical counts are necessary
4 things that can be early indicators of problems ahead
The extra steps great managers take to eliminate chaos later
The key to a great physical inventory
Analyzing the typical physical inventory—what goes wrong and why
Session 3: 1:00-1:50 p.m.
Sound approaches to conducting easy, fast and accurate physical inventories
It´s count day—feel like calling in sick? You may feel like you have the weight of the world on your shoulders—which is why this practical session is filled with easy ways to ensure the count goes smoothly. You´ll find out the real reasons why count day is so frustrating and how to combat these factors. You´ll walk away with workable solutions to virtually every problem you´ll face—from material getting moved to data entry mistakes—and with a new, positive attitude that those around you will find contagious.
Do´s and don´ts that will make everyone´s job easier
Ways to keep employees from feeling overwhelmed and discouraged before they even start
How to recognize and correct the conditions that lead to bins, aisles and entire products being missed
How the pros zip through count day—simple tips that´ll get you out of there a lot faster
3 best practices the auditors will love you for
Session 4: 2:05-2:55 p.m.
Pave the way to higher than ever inventory record accuracy
Are your salespeople afraid to rely on "the numbers"? Do you overstock frequently because you´re not quite sure what´s really in the warehouse? Inventory record accuracy is one of the most persistent and costly problems that plague warehouses. While the process for improving record accuracy is not complicated, implementation often is—because you have to change people´s attitudes. In this session, we´ll outline the essential basics that will dramatically improve record accuracy—from defining the processes to setting accuracy standards to monitoring for compliance.
Why inventory records go wrong—identifying and correcting your worst problem areas
Adopting a 95% accuracy mindset
A 3-step approach to greater inventory record accuracy
Key questions to ask yourself before changing anything
Tracking accuracy
Session 5: 3:10-4:00 p.m.
The ultimate challenge: Putting it all together over the long haul
The development of a successful inventory system is a work in progress. To continuously improve, you need a well-trained workforce, error-resistant processes and a high degree of motivation. Make sure you´re up to the challenge—attend this session, where you´ll learn how to actively work at developing the mindset of employees, rewarding those who take initiative and ensuring your hard-won improvements continue to pay off in better customer service, tighter cost control and higher productivity.
Be a champion who fosters a culture of continuous development and improvement
Benchmarking—the key to maintaining new processes
The vital importance of detecting and correcting problems as soon as they develop
Problems that are likely to come up—and how to resolve them
Supply chain goals to always keep in mind