How are you managing your inventory?

This webinar session will explore a variety of factors that impact the need and level of inventory. This session will provide an introductory understanding of various inventory methods, how these are used, and how they can be adapted. It will discuss item-level policies, enhance understanding of common material replenishment systems, and share instructions on how to determine when to order and how much.

The workshop will help you sharpen your skills work with tools that can help you maximize profits and minimize inventory. You will be challenged to determine the ideal level of inventory for your business? needs and the pros and cons. You can adapt a statistical-based, safety stock calculation to wide-varying business models.

You will learn about:
-Inventory Classification & Uses
-Item Level Inventory Policy & Replenishment Systems
-Safety Stock Calculations

This webinar session is presented by the UTRGV TMAC (Texas Manufacturing Assistance Center).

This webinar hosted by the UTRGV SBDC with promotional support by the UTRGV Texas Manufacturing Assistance Center, Edinburg Chamber of Commerce, Greater Mission Chamber of Commerce, Greater Pharr Chamber of Commerce, Rio Grande City Economic Development Corporation, Starr County Industrial Foundation.