Complete Story
12/03/2023
007. What Does It Mean to ‘Reinvent’ Your DC/Warehouse Order Fulfilment Operations? It’s not a ‘Nice-to-Have’… It’s a Non Negotiable ‘Must Have’
Instructor: Howard Coleman
Level of Complexity: Advanced
1:30 PM - 4:00 PM
Things don’t seem ever to get back to normal anymore. In fact, it’s been over 16 years since the 2008 financial crisis and the subsequent meltdown. Things have never really returned to ‘normal’. Along came COVID-19, digital transformation and other technology applications knocking at your door. Changes in customer expectations, inflation, “AI”, wars, elections, etc., have all made sure of that.
There is a pattern here; just as we manage one disruption, another crisis comes knocking. Business has never been so volatile. Change is always in the air. That’s true for any of the functions within your company’s value-stream…and especially for warehouse distribution operations and product procurement and replenishment.
“When it’s time to change, you’ve got to rearrange”, because it isn’t about surviving until things stabilize; it’s about learning to thrive when things get chaotic, It requires elements of perspective, the constant hunger to pioneer, and a dogged persistence.
Learning Objectives:
- The basic principles of ‘reinvention’ and the required ‘mind-set’ towards short cycles of reinvention (every 2-3 years! – yes, every 2-3 years!).
- Some tools to “take-away” to evaluate your company’s and your own attitudes toward reinventing your way through constant change.
- The key approaches to increasing ‘Speed-of-Flow’ through your warehouse distribution facilities
- Eliminating the 10+ “wastes”
- Enhancing warehouse distribution’s contribution to profit – it’s not just a cost center anymore
- Understanding the difference between “Push vs. Pull” inventory replenishment.
- Strategies for future warehouse operations ‘cost avoidance’. Yes, distribution is on the cusp of metamorphosis
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.