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2. * Internal Control and Fraud Prevention For 2024 – Jan 19 Reg. Link  https://form.jotform.com/233332478561458
3. * Inventory Planning and Management – Jan 23 AM Reg. Link https://form.jotform.com/233333183035448
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9. * Labor Law 101 and Latest Labor Law Update – Jan 31 PM Reg. Link https://form.jotform.com/233332829887469
10. * The Basic of HR 101 and Modern Approaches to HR Advanced 201 – Feb 16 Reg. Link https://form.jotform.com/233372484008455
11. * Legal Strategies and Compliance to Reduce Tax - Feb 20 Reg. Link https://form.jotform.com/233372663710454
12. * Job Evaluation and Design of Salary Structure – Feb 21 Reg. Link https://form.jotform.com/233372073163451
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15. * Modern Interviewing & Hiring Techniques -Feb 23 PM Reg. Link https://form.jotform.com/233372033917454
16. * Proper Handling of Books of Accounts and Other Accounting Records – Feb 27 Reg. Link https://form.jotform.com/233372285364459
17. * Effective Modern Procurement and Supply Management – Fb 28 Reg. Link https://form.jotform.com/233372234563454
18. * Understanding Financial Statements – Feb 29 Reg. Link https://form.jotform.com/233372089066460

Inventory Planning and Management 

STRATEGIES FOR REDUCING INVENTORY LEVELS WITHOUT DISRUPTING OPERATIONS

January 23, 2024

Program Description

Business organizations have been losing substantially in their operations with inefficient warehouse processes due to the evolving new normal of business. More specifically, the function of Inventory Management is being tested to the limit due to uncertainties of the times. Inventory Control in the meantime needs to be leveled up to address lag practices and concerns about pilferage or shrinkage in storage. This specialized session would focus on the essentials (more than just the basics) towards more efficient Inventory Planning and Management practices.
 

Learning Objectives

At the end of the session, participants will have:
·     Internalization of the essence and principles of Inventory Planning.
·     Understand the issues and framework of Inventory Management.
·     Build a working knowledge of ensuring proper Warehousing Inventory Planning and Management.

Methodology

To make the webinar/online session interactive and engaging, various interventions shall be applied. This would include in-depth discussions, individual activities, ideas exchange, examples and practical recommendations of initiatives that would be suitable to conditions in inventory.
 

Topics Outline:

Module #1 – What Should Be In Warehouse Inventory?

*      Beyond Function – Essence Of Warehouse And Inventory
*      Reality Check On Warehouse In An Evolving New Normal Landscape
*      Different types of Inventory:
1.   Resale
2.   Production
3.   Maintenance, repairs and operations (MRO)
*      Ranking products by activity, cost of goods sold and profitability
*      Resale Inventory – Ensuring inventory is profitable
*      MRO Inventory – Determining the “critical nature” of each item
 

Module #2 – How To Improve Inventory Management

-      The difference between dependent and independent demand
-      Risk Challenges In Inventory Affecting Costs
-      Essence Of Managing – Why Inventory Needs Critical Management
-      Defining The Areas Of Inventory Management
1.   Acknowledgement Of Items Challenges
2.   Checking Of Conditions Challenges
3.   Stocking And Storage Challenges
4.   Picking Challenges
 

Module #3 – Inventory Control Initiatives

-      Essence Of Control In Inventory
-      Framework Of Inventory Control
-      Process Stages In Inventory Control
-      Blending Inventory Management And Inventory Control

 Featured Speaker:
PROF. RICKY DE VERA, MBA, CSP, CMP
Certified Strategic Business Consultant - Japan / Singapore

• MBA and Advance Strategy Courses – JICA, Tokyo, Japan
• Certified Trainer Advance Mktg/Sales/Service Mgnt –1st Filipino certified by Australia/New Zealand Marketing Sales Associations
• Certified International Facilitator - Association For Technical/ Business Process Scholars - Singapore (AOTS)
• Certified Mentor – Enterprise Business Processes, E-Trade, Supply Chain for SMEs, Inventory Mgnt – International Trade Center, Geneva.
• Behavioral Psychologist – Professor, Specialist, Coach - Counsellor
• Professor in MBA (Innovation/IT/Digitalization, Supply chain/operations, Finance)
• Contributor Business/Leadership/Supply Chain – Phil Daily Inquirer/Phil Star/Bus World
• Economic/Environment Adviser – Economic-Business Briefings last 18 years
• Supplychain, Warehouse, Logistics Professional – over 25 years various positions reaching  Service Director for SEA (Indonesia, Phil, Malaysia, Singapore, Thailand)
• Consultant/Resource Person – Dept Of Trade, Dept Of Tourism, DOH, DOST, Phil Retailers Assc.
• Facilitator – Association For Foreign Trade In Asia and the Pacific (ATIFTAP)
• Leadership/Mgnt Instructor - European Training Center (Dohle) Germany
• Bookreviewer – on Logistics, Warehousing, Operations for Mc Graw Hill Publications, USA
• Go Negosyo Mentor for MSMEs– Digitalization, Supply Chain/Operations, Marketing, Finance.
• Strategic Business Consultant - Nomura Research Inc. (Singapore/Japan)