University of Houston - Clear Lake
University of Houston - Clear Lake

Inventory Management

Dates: March 14-15, 2018

Meets: W from 8:00 AM to 4:00 PM

First registrant: $995.00

This course will address the three basic questions of inventory management including what do we control, how much do we order, and when do we reorder doing so with minimal investment and optimal operating efficiency.

  • Inventory segmentation: Inventory classification and categorization

  • Cycle counting: Identification of errors, corrections of systemic conditional errors, high record accuracy, and correct statement of assets

  • Lot sizing: Demand-rate orientation and discrete lot-sizing

  • Order point: Two-bin system, visual review, order point system, periodic review system, and Material Requirements Planning (MRP)/Enterprise Resource Planning (ERP) system

  • Inventory costs: Purchase costs, ordering costs, carrying costs, stockout and customer service costs, and production and capacity-associated costs

  • Statistical techniques: Statistical process controls, forecasting, and Computer-Aided
    Manufacturing (CAM)

  • Service level/safety stock: Competitive environment, cycle time, forecast error, impact of stoppage, and disbursement

  • Functional inventories: Cycle stock, uncertainty stock, anticipation stock, and transit stock

Who Should Attend

Purchasing, inventory and supply managers who want to gain control of their inventory investments and minimize costs to their firms.

You Will Learn

  • What to control

  • How much to order

  • When to reorder

  • How much inventory is enough

Fee: $995.00

Fee Breakdown

Course Fee (Basic)First registrant$ 995.00
Course Fee (Alternate)2nd+ Registrant(s)$ 895.00

William Agee, Jr.

William (Bill) Agee has been involved in purchasing and materials management at various levels for over thirty-years in government (federal and state), wholesale, retail, service, industrial and manufacturing. He has degrees in marketing and management and is also a Certified Production and Inventory Manager (CPIM), as well as a Six Sigma Black Belt. In addition to being a speaker for ISM, he has held both local and national offices within the organization, and has written several articles for leading purchasing and business publications. Bill has developed over 172 educational programs for organizations primarily focused in the areas of supply chain management (SCM), contracting and purchasing. He is the 2005 ISM winner of the Howard W. Cosgrove Award for outstanding contribution to the profession.
Date Day Time Location
03/14/2018Wednesday8 AM to 4 PM University of Houston-Clear Lake
03/21/2018Wednesday8 AM to 4 PM University of Houston-Clear Lake


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