ABOUT THIS WORKSHOP
Profitability is calculated as revenues – costs. Inventory management and supply chain transactions can contribute up to 60% of the costs of business. Hence, reducing inventory-related costs by 10% can increase profitability significantly.
The management of inventory and supply chains have always posed significant challenges for managers. Procuring the right items, in the right quantities, at the right cost, at the right time, is by no means trivial. The mismanagement of inventory has the potential to destroy the profitability of a firm through lost sales, wastage, and poor customer satisfaction.
This workshop will explore the fundamentals and essentials of inventory and supply chain management as well as explore their role in supporting the competitive strategy of the firm. Participants will be exposed to tools, and strategies used by best practice firms in management inventory and supply chains. Participants will be given an opportunity to identify and share challenges in their own organizations and have the group work in teams to develop solutions.
At the end of the workshop, participants will be able to:
WHO SHOULD ATTEND?
All personnel involved in planning and making decisions inventory and supply chain decisions both in manufacturing and service environments
This workshop is active, informal, and participatory in nature. Participants will work in teams and will work on practical exercises in order to develop a level of comfort with inventory and supply chain concepts.
Dr. Harvi Millar P. Eng. is the President of Management Technologies. With over 30 years of experience, he is a leading consultant and trainer in strategic planning, performance management, leadership skills development, productivity improvement, total quality management and customer service. He has delivered numerous training workshops throughout the Caribbean, namely: St. Lucia, Guyana, Trinidad, Antigua, St. Kitts, the BVI, Bermuda, and in Canada. He holds a B.Sc. (Hons.) from U.W.I. and a Ph.D. from the Technical University of Nova Scotia. He is a full Professor in the Sobey School of Business at Saint Mary's University in Halifax, Canada. Dr. Millar is also a jazz musician and composer, a freelance columnist on business and cultural issues.
The St. Lucia Chamber of Commerce, Industry and Agriculture is located at Orange Park Commercial Building, 1st Floor, Bois D’Orange, Gros Islet.
Advocating on behalf of members with the public sector. Increased visibility and credibility. Business training and education information sharing and networking.
A chamber of commerce is an organization of business owners and entrepreneurs who promote the interests of their local business community. Chambers of commerce provide access to valuable resources, discounts, and relationships that help businesses save money and market their products.
Chambers of Commerce will act to promote public policies that are in the best interest of business, in general. Specific Chambers of Commerce may also attempt to promote policies that serve specific industries or geographic locations.