Inventory Cycle Counting

November 22, 2017
5:45 PM to 9:00 PM
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Newlands Golf & Country Club
21025 48th Avenue
Langley, BC V3A 3M3
http://www.newlandsgolf.com/
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Improving Inventory Accuracy

Whether your company is in a manufacturing or a service environment you have a common challenge – inventory accuracy. Operational decisions to make such as those about fulfilling customer demand, when to order a resupply (and how many to order) or how many items to manufacture all rely on accurate inventory quantity information. Many organizations spend large amounts of time, effort and money on conducting periodic inventory counts in an attempt to obtain accurate inventory data only to find that within a short period of time after such a periodic count, information about how much inventory is in stock is no longer accurate and another full inventory count (and associated costs) needs to be conducted in an attempt to once again bring inventory information up to the desired level of confidence.

Join us on Wednesday November 22nd as Richard Ranftl, a member of BCIT’s Business Operations Management Faculty, will:

  • Walk us through the flaw inherent in conducting periodic inventory counts
  • Show us how to improve physical inventory count accuracy
  • Help us understand the benefits available to organizations that adopt Inventory Cycle Counting
  • Show us how to get started on developing Cycle Counting for improving inventory accuracy (and operational decision making)

This session will be especially valuable to anyone who has to deal with the stress of attempting to explain to “The Boss” why the year-end inventory count accuracy is so low, every year, over and over again, endlessly.

Our Guest Speaker

BCIT offers extensive education in the field of Business Operations Management through its two year full-time day school Diploma Program as well as a variety of self-paced Certificates available in part-time-studies. The Faculty of the Program is comprised of industry professionals who have “been-there-done-that” and who bring their actual industry experience into the classroom. Richard Ranftl is one of those Instructors and his background includes serving on the Board of Directors for APICS Fraser Valley as Chapter President. The techniques you will be learning are successful proven methodologies that Richard used in his consulting business to help local companies improve their operations and are materials that are being taught at BCIT to the next generation of business operations management professionals.

Tickets

$35.00 Members
$40.00 after 12:00 am November 15

$40.00 Non-members
$45.00 after 12:00 am November 15

$20.00 Students
$25.00 after 12:00 am November 15