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Safety Stock Resiliency
- Function of Inventory
- Inventory Planning Tools
- Min/Max, Reorder Point, Other Calculations
- Why is Safety Stock Used?
- How is Safety Stock Determined?
Overview of the webinar
This webinar will provide you the understanding and tools for achieving improved service to your customers (both internal & external customers).
Can you answer these questions about Safety Stock (SS)? If you are having difficulty answering them, then you need to attend the webinar:
- Why is SS used?
- What is it supposed to do?
- How is it determined?
- What are the alternative ways to do it?
- Which is the best?
- Hear and see the answers to these questions from the presenter. Also understand the impact on inventory investment.
Who should attend?
- Inventory Planners & Controllers
- Buyers
- Inventory Mgrs
- Materials Mgrs
- Supply Chain Mgrs
- Purchasing Mgrs
Why should you attend?
- How to reduce the investment in Safety Stock
- Understand relationship between Customer Service Level & Safety Stock multiplier.
- What is the difference between Min-Max and Reorder Point (ROP)
- WHAT ARE THE DIFFERENT WAYS TO DETERMINE SS?
- Learn how to calculate how much inventory to have!
- What is Maximum inventory?
Faculty - Mr.Michael Gozzo
Michael W. Gozzo is President and Founder of THE TOTAL BUSINESS CONSULTING GROUP, LLC., a firm specializing in counseling and education of all levels of management in the areas of Supply Chain, Lean Manufacturing, Demand Flow Technology, Just-In-Time, Total Quality Control, Manufacturing Systems Implementation, Inventory Control, and Production/Operations Management.
Recent involvement with Silicon Valley leader’s in Supply Chain Management, Lean Manufacturing practices and ISO includes Cisco, Infineon, Sunrise Telecom, PerkinElmer, Philips Semi-conductor, and SanDisk. Mike Gozzo went to Germany to train operational personnel at Lufthansa Air Cargo. He has been associated with Lean practices: pull systems, quick change, 5-S, VMI, cell design, and others.
Mike has traveled and worked extensively in Canada, England, Hong Kong, Ireland, Scotland, Germany, Japan, Korea, Mexico, Indonesia, South Africa, Thailand, Bahrain, U.A.E., Qatar, Saudi Arabia, Oman, and Taiwan.
He has an Executive Program Masters Business Administration Degree from the University of New Haven, as well as a Bachelor of Science in Finance from the University of Connecticut.
He is certified as CPIM & CSCP by the Association of Operations Management (APICS)/Association of Supply Chain Management (ASCM).
Mr. Gozzo is the co-author of "Made In America - The Total Business Concept" and several other books and numerous published articles. He has developed over 50 courses that can be customized for the respective client.