Events

Utilizing Your SAP Asset to Drive Inventory Optimization and Increased Turns

Webcasts
Jul 13, 2022 | 12:00 PM1:00 PM CDT
Online
Included with membership

In part­ner­ship with REVEAL, this ASUG web­cast will deliv­er insights designed to sup­port your work with SAP technology.


An agile sup­ply chain and opti­mized inven­to­ry mean the right prod­uct at the right place, at the right time, and in the right quan­ti­ties. Suc­cess­ful exe­cu­tion means align­ing opti­mal aver­age inven­to­ry lev­els with demand and sup­ply require­ments, which enables improve­ments in your inven­to­ry turns ratio. In this ses­sion, we will explore how to use stan­dard SAP capa­bil­i­ties to opti­mize your inven­to­ry, increase turns, and remain agile so you can adjust as mar­ket demands change.

Key Take­aways

  • SAP capa­bil­i­ties in inven­to­ry opti­miza­tion strategies
  • Under­stand the impor­tance of vis­i­bil­i­ty when find­ing con­trib­u­tors to address high and low inventory
     
  • Dis­cuss the mea­sures oper­a­tional asso­ciates use when deter­min­ing an inven­to­ry stock turns ratio as dif­fer­ent than a tra­di­tion­al finan­cial calculation
  • Deter­mine what to look for when search­ing for inven­to­ry that can improve the stock turns ratio
  • Iden­ti­fy where there is excess inven­to­ry / poten­tial obso­les­cence that could free up cash
  • Deter­mine inven­to­ry that neg­a­tive­ly affects ser­vice lev­els because of stock outs
  • Con­sid­er the tell-tale signs of inap­pro­pri­ate use of safe­ty stock
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