Removing and Avoiding Excess and Obsolete Inventory

Short course

Inhouse

Price on request

Description

  • Type

    Short course

  • Methodology

    Inhouse

  • Duration

    1 Day

Deal with the problem of excess and obsolete inventory in a structured and long-term way. Suitable for: General managers, supply chain managers, inventory managers and operations directors who are responsible for the inventory performance within their business.

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Course programme

Course Content

Excess and obsolete inventory can be a problem for the company balance sheet. Unusable inventory distorts the inventory turn and is a major cause of loss of profitability. Indeed, excess and obsolete inventory may be used as an indicator of the overall effectiveness of a company’s operations.

Topics covered in this course will include:

  • Understanding the reasons for excess and obsolete inventory
  • Process analysis and problem identification
  • Preparing and selling process change initiatives
  • Inventory objectives and performance measurement
  • Planning, launching and managing an excess/obsolete, inventory reduction campaign
  • Measuring the size and extent of the problem
  • Objectives, goals, critical success factors, key performance indicators
  • Opportunity areas: identification and selection
  • Disposal, conversion and re-use of obsolete inventory
  • The ‘wall of inventory’ methodology
  • Measuring and rewarding success

Removing and Avoiding Excess and Obsolete Inventory

Price on request