Lean Inventory Initiatives for an Effective Supply Chain

    /M. Dave  / Malenfant speaker of Training Doyensinvite
    Speaker: M. Dave Malenfant


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    Duration: 60 Minutes
    Product Code: 50835
    Level: Intermediate

OVERVIEW

Very often, lean supply chain management professionals are asked to “reduce” inventory based upon working capital goals and financial objectives. This program will address the balance between managing your finished goods in order to meet customer service and delivery goals versus the working capital objectives.

This program will take a supply chain view of lean inventory management. Through sound lean initiatives, financial objectives can be reached while maximizing customer satisfaction and service.

WHY SHOULD YOU ATTEND

Attend this webinar to learn about the characteristics of lean supply chain and how to synchronize the supply chain to ensure all types of inventory are properly managed.

AREAS COVERED

  • Different types of inventory and how you should classify finished goods inventory (FGI) for lean supply chain management
  • How to establish targets for optimizing inventory
  • Lean initiatives to help drive the optimal finished goods inventory levels in each type

LEARNING OBJECTIVES

This program will provide tools and different initiatives that can be employed to help optimize inventory turns and, therefore, inventory investment. Some ideas, such as postponement strategies, will be explored as options to ensure that a clear balance of financial investment and inventory coverage levels are well maintained and managed.

We will concentrate on Finished Goods as the driver for all lean inventory management.

WHO WILL BENEFIT

  • Supply Chain Professionals
  • Financial Analysts
  • Supply Chain Analysts

SPEAKER

Years of Experience: 35+ years

Areas of Expertise: Talent Development, Career Planning and Supply Chain Management

M. Dave Malenfant is currently Executive Vice President of Industry Liaison and Talent Development for the BSMA (Biotech Supply Management Alliance). He also serves as Director and oversees the Advisory Board for the Center for Supply Chain Innovation at Texas Christian University. Dave is responsible for driving Industry relations in the Biotech, Biopharma Supply Chain for the BSMA. Prior to this appointment, Dave served on the Advisory Board for the BSMA from its inception. With a passion for talent development and career planning, Dave has helped both the BSMA and the Center for Supply Chain Innovation drive Young Professional career development and mentoring programs for students

Prior to joining the BSMA and TCU, Dave spent over 35 years in a variety of industry roles.

In 1993, Dave joined Alcon Laboratories where he steadily advanced through leadership roles such as Purchasing Manager, Materials Operation Manager, and Global Supply Chain Director before becoming the Vice President of Global Supply Chain in 2005. In this role, Dave provided strategic direction for the company’s Global Supply Chain initiatives and created global centers of excellence for Purchasing, Distribution, Transportation, Customer Service, Sales and Operations Management, Data Management, Graphic Design and Artwork Development, and Product Launches.

Given his vast knowledge of the end-to-end, integrated supply chain, Dave is a frequent speaker on Global Supply Chain Trends. He has consistently demonstrated his passion for Supply Chain management, developing talent, and the need to advance Supply Chain theory and innovation throughout a variety of industries..

During his career, Dave has implemented over 30 different computer systems – WMS, ERP, Finite Scheduling, Product Launch, and Order Entry, among others.

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