Open Enrollment and Complimentary Workshops

Introduction to Inventory Management – Complimentary Workshop

As demand shifts in a constantly changing economy, it’s important to effectively manage one of the highest asset values on your books – inventory. Presented by NJMEP, this workshop will discuss the basic concepts of inventory.

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WhenAugust 9, 2019 (Friday)
Start9:00am – 11:00am
Duration: 2 hours
LocationNJMEP Training Center, 2 Ridgedale Ave #305, Cedar Knolls, NJ 07927, 
T: 973-998-9801

At the end of this workshop attendees will be able to:

  • Recognize at least five different classes of inventory
  • Explain six functions of inventory
  • Identify three objectives of aggregate inventory management
  • Determine the five types of inventory costs
  • Calculate inventory turns and days of supply measurements
  • Choose between 4 ordering methods
  • Know when to use 2 different order timing methods
  • Understand the ABC’s of Inventory classification and Inventory Control
  • Take away a checklist to reduce inventories

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