It amazes me just how fast time seems to move. It seems like school just started yet we are in November with just over 5 weeks before Christmas. In fact, this next PDM will be the last one of 2017.
To recap, we had a very good speaker in Diane Taylor and her presentation “Elevate Leadership Performance”. It was an engaging evening including some excellent round table discussions on how to create engagement in all members of the organization and not simply fall into “presenteeism” (simply showing up and not being engaged).
Diane offered participants access to her slide presentation. We will endeavor to have it posted onto the website.
Looking ahead, we have another solid speaker in Richard Ranftl. He will be presenting his topic “Cycle Counting: Improving Inventory Accuracy”. I, for one, am looking forward to his presentation, as I am actively working to promote a stronger cycle count system at my work. He has also committed to providing a half-day workshop on Dec 1. We are just in the midst of confirming that. Stay tuned for more updates. Richard always draws a good audience. We anticipate a decent-sized guest list which will typically include students from BCIT and their networking opportunities.
Another update, as was announced during the October PDM, I mentioned that Tim McBride and myself were fortunate to be able to attend our district meeting and APICS world conference in San Antonio. It was my first time attending conference and it was a very good experience. From the networking with other districts to the educational sessions presented from some very interesting presenters, I walked away with some excellent material applicable to both chapter operations as well as my own work.
Finally, I would like to correct an announcement made last month. I believe I announced that we were awarded a Platinum award from the APICS Canadian district. In fact, we were awarded Gold status again in consecutive years. I just want to thank everyone for their continued support of the PDMs and the Board.
Regards and see you at the next PDM Nov 22 at Newlands.
Arnold Peters, CPIM, CSCP
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.
In follow-up to the November 22nd dinner meeting outlining the benefits of transitioning periodic inventory counts to much more accurate Cycle Counts, Richard Ranftl, a member of BCIT’s Business Operations Management Faculty, will:
- Review the benefits of moving to Cycle Counting from the flawed traditional Periodic Inventory counts many of us are still doing
- Provide us with “Management Education Packets” to enable us to convince the decision makers of our companies to finally approve the transition to cycle counting
- Show us how to analyze our inventory and then develop Cycle Counting systems appropriate for our organizations
- Give us the tools needed to train our Cycle Counting Personnel
- Provide us with the tools needed to manage our new Cycle Counting systems by walking through a simulation of cycle counting using actual test-company data
- Provide us with take-away Cycle Counting training aids and spreadsheets we can use to implement cycle counting in our companies
It is encouraged that companies send personnel to this workshop who “feel the pain” (those who are tasked with having to continually recount inventory over and over again in order to try and have accurate inventory status information available for decision making).
It has been a very busy fall heading into winter. As an avid skier, I am looking forward to the forecast coming true and us having a long cold winter with plenty of snow. I am sure not everyone shares this view, especially anyone involved in supply chain. Those winter storms can wreak havoc on our organizations and on-time delivery performance. In today’s world we are dealing with the Amazon effect and the expectation of 24/7 service.
Is your organization ready for supply chain disruption? Do you have contingencies in place such as the correct inventory buffers, alternative suppliers, or the ability to react to a significant global event? Or maybe you have been through one of the recent events this Fall with the storms in the southern United States and the Caribbean.
A few of the newest terms in the business world today are the Internet of Things (IoT) and Blockchain. Technology is moving exponentially faster each and every day. How is your organization keeping up with the pace that is being set by the changes within your own supply chain? I continually hear about technology and innovation, and we must look at better processes and knowledge-based employees. As the world is automated we need the knowledge to manage these processes.
Through the APICS Body of Knowledge and providing educational opportunities we are looking to help your organization keep pace. The APICS Body of Knowledge will enable you or your employees to understand the complexities of the end-to-end Supply Chain. Providing staff with this knowledge will improve your operations through stronger understanding of leading supply chain practices and how to apply that understanding to your organization.
Registration is currently open for the following Courses the links to the registration pages are included below:
Location: Quality Hotel & Conference Centre, Abbotsford. (3 Saturdays)
This is the first online Course in Canada approved by APICS. This is for those who do not have time to get into the classroom.
I look forward to seeing everyone at our PDM on November 22nd to learn more from about implementing a Cycle Counting Process with Richard Ranftl.
Please feel free to contact myself or anyone on the Board of Directors if you have any questions on Certification and Course offerings.
Tim McBride CPIM, SCMP
VP of Education