Inventory Management 101

Since 1963, we have deliveredproven servicesto enhance the performance of industry. Our approach,Engage. Educate. Embed., creates a specific solution that allows each business, along with its community, to prosper and grow. Coupled with a satisfaction guarantee, our typical client has achieved a 200%return on investment.Avast networkof university and industry experts brings years of professional experience to CIRAS, making us a leading integrator of solutions in Iowa. Clients have reported an economic impact of more than $2 billion over the past five years.

Iowa State University CIRAS

Inventory is a key asset of every manufacturing and distribution company, but it is often overlooked or poorly managed. This one-day class is designed to give you a basic understanding of how to measure and control your inventory - and thereby improve your service levels and your bottom line.
Who Should Attend:
Anyone who has a role in managing and controlling inventory: Managers, buyers and purchasers, production staff, accounting and finance staff, and those who work in distribution and warehousing.
Discover:
<UL>
<LI>How to identify and define inventory</LI>
<LI>Ways to classify and segment your inventory</LI>
<LI>The basics in counting and verifying inventory</LI>
<LI>Common control methods</LI>
<LI>How to measure and track costs</LI>
<LI>Different inventory measurement and reporting methods</LI>
<LI>Different management approaches, including how to determine effective inventory levels and reorder triggers</LI>
</UL>
Why Attend:
<UL>
<LI>A foundation in basic inventory management helps you control this key balance sheet item</LI>
<LI>To learn how to maintain enough inventory to meet customer service levels and ensure smooth production - without letting it become a drag on your firms capital and income </LI>
</UL>
For more information: 
Marc Schneider: (563) 221-1596
maschn@iastate.edu

Farm Bureau Financial Services Corporate Office

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Inventory Management 101

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