Choose an Event
Ashburn, VA 20149
Bring this training to your location.
Have a group of 25 or more people?
Try private, onsite team training.
Bring this topic, or any of our 200+ topics,
to your location with customized training.
100% Satisfaction Guaranteed.
Already attended this seminar?
"I have been a member of Fred Pryor for almost three years now and I have yet to attend a class that didn't have valuable information that would benefit my company and/or our employees."”
— Teri M.
"Excellent!! As always, Fred Pryor's courses are easy to follow, very informative and presented in a format that keeps your attention!!"”
— Cynthia S.
"I enjoy all of the seminars that I attend through the Fred Pryor Training Rewards program. They are very informative and the instructors are very knowledgeable and helpful."”
— Tasha M.
"Excellent info for all levels of users. There are always things to add to your "bag of tricks"."”
— Wendy S.
"Wow! I have taken many wonderful courses through Fred Pryor; this one takes the cake!!"”
— Dana N.
"Top notch! Thank you Fred Pryor, this is the best investment my boss could have made."”
— Lewis C.
"I received a lot of great information in this training. Several co-workers went with me which was a great help for me to start implementing some of the changes we need to do at the office. It was very eye opening for them to realize the things that we need to do at the office. It was very eye opening for them to realize the things that need to get to me. It was like Fred Pryor and the trainer had my back!"”
— Tasha C.
Inventory — it's the highest number on your company's asset sheet. Yet, most companies rely on outdated systems and yesterday's inventory control policies to manage this valuable resource. And you, the person in charge of the inventory, are still responsible for an accurate count.
You know how important your job is.
If the count is overstated — your company pays taxes and insurance on something it doesn't really have.
If the count is understated — you risk problems with the IRS for not paying enough taxes. Plus, you won't have product to ship to your customers, resulting in back orders and more headaches.
And on top of it all, you're the person who ends up having to deal with everything from lost or incorrect paperwork to recounts, reconciliation, and more.
Attend this informative seminar and get solutions that you can put in place immediately to ensure more accurate inventory counts and a better-run, thorough, and less frustrating inventory process for everyone concerned. It's a lot of value for a small investment!
Taking Stock of Your Inventory Management System
- How to recognize your system’s strengths and weaknesses
- Questions to ask before you make inventory control changes
- How to recognize a problem with “inventory turn”
- A simple plan to discourage employee theft
- Red flags that your inventory control system is deeply flawed
- The most common causes of inventory inaccuracy and how to end them
- The one key trait shared by all successful inventory record systems
- When to consider a JIT system, and when it simply won’t work
- Two ways your vendors can help you improve inventory control
Preparation: Behind-the-Scenes Work Pays Off Big
- Tips for creating an inventory checklist to improve accuracy
- How to develop locator maps you can use year-round
- How to sidestep tag count headaches
- Should you count physical inventory or what’s on the paperwork?
- A way to establish your baseline accuracy level
- How and why to set inventory zones
- Blind counts and how they waste staff time
- When to rely on outsiders for an inventory count
- How and when to use a cycle count to help improve long-term accuracy
- Paperless inventories — how and when to rely on your computer
- An easy way to decide how often you should take inventory
- Geographic or ABC — the correct classification method for your company
The Hassle-Free Physical Inventory
- A 1-2-3 process for a “smooth as silk” inventory count
- Who should be involved in the inventory
- The best ways to use employees on loan from other departments
- A fast and accurate way to count small parts
- Tips for reducing stress on the day of inventory
- Ways to encourage teamwork among employees taking inventory
- The secret to handling inventory that’s coming in and going out during the count
- Cycle-counting methods that work, and those that don’t
- Overcoming the problems of pallet tagging
- How and why to train staff for inventory — even if they’re long-time employees
- When to use a multiple count system, and when one count will suffice
- Tips for helping employees maintain concentration and accuracy
Mastery of the Inventory and Ordering Process
- How to reconcile the physical count with the computer
- What to do with obsolete inventory that eats up valuable warehouse space
- A simple plan to overcome the headaches of multiple storage locations
- How to avoid huge inventory shortages at year’s end
- A way to eliminate the hassles substitutions can cause in your inventory count and your ordering process
- How to avoid running short on inventory of your hottest-selling product
- Proven techniques to improve your inventory turn
- A method of calculating the cost of carrying inventory
- A system for determining how much inventory you should hold
- Tips for negotiating with suppliers to get the order quantities you want
- How to get management to eliminate excess and obsolete stock
After the Inventory
- When a recount is necessary and who must do it
- A surefire way to satisfy your auditors
- The best method for reconciling variances in the count
- Missing inventory — where to look first
- The perils of adjusting inventory counts
*Price may vary by location and date.