Complete Story
10/12/2021
039. Managing Your Inventory and Supply Chain in a Chaotic Business World
Presenter: Jon Schreibfeder
Level of Complexity: Intermediate
8:00 AM - 11:30 AM
Distributors face a multitude of business challenges today. Sales of some products is skyrocketing while demand for other products is plummeting. Frequently vendors cannot ship needed inventory in a timely manner. Transportation issues are resulting in delays in receiving replenishment shipments. Often you need to decide how much to buy before a vendor price increase and evaluate alternate sources of supply. In addition to these replenishment issues, there are many challenges in maintaining a safe work environment while filling customer orders in a timely manner. In fact, composition of these orders may have significantly changed with the boom of e-commerce. In this session we will discuss what distributors can do to address these challenges, how to evaluate possible supply alternatives, and adjust replenishment policies and procedures during the gradual recovery from the pandemic. Most important of all we will discuss how to prepare for future, unknown, marketplace disruptions.
Bookstore
Achieving Effective Inventory Management – 6th Edition
Jon Schreibfeder
Achieving Effective Inventory Management, 6th Edition, based on our most recent research and up-to-date “best practices”, provides a complete guide for managing a large and often troublesome asset: inventory.
The economic challenges facing distributors today have resulted in EIM conducting a thorough review and update of the entire 5th edition. This update, coupled with discussions regarding the impact and adjustments that the current economic challenges have produced in all areas of inventory management, has produced our new 6th edition.
This book helps you achieve the goal of effective inventory management — to meet or exceed customers’ expectations of product availability with the amount of each item that will maximize your organization’s net profits or minimize its total inventory investment.
