Inventory Management ON DEMAND
Available Until
Your Desk
15.0 Credits
Member Price $375.00
Non-Member Price $431.00
Overview
Managing inventory effectively is a critical challenge for businesses, balancing the need to meet customer demands while avoiding costly overstocking. This course addresses this intricate balancing act, offering a comprehensive toolkit for maintaining optimal inventory levels. This course delves into essential topics like setting effective inventory policies, mastering materials planning, and streamlining purchasing and supply chain processes. Participants will learn about advanced techniques for receiving, storing, and shipping, as well as how to maintain accurate records and improve warehouse efficiencies. The course not only tackles the classic inventory management strategies but also introduces cutting-edge approaches to ensure businesses can thrive in a dynamic market environment, all while safeguarding against the common pitfalls of inventory mismanagement.
Highlights
The nature of inventory. Inventory strategy. Inventory policies. Materials planning and forecasting. Purchasing activities. Inventory receiving. The impact of production on inventory, and more.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, leaders and managers.
Objectives
Identify the types of inventory, and the need for reorder points, safety stock, and economic order quantities. State the manner in which inventory can be incorporated into a company’s competitive strategy and the situations in which certain strategies should be employed. Identify the policies that should be used to control inventory, and the situations in which they should be used, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $431.00
Member Price $375.00