Procurement Leadership Skills Development Center

Optimized Materials Management

Best Practices for Acquisition, Storage, and Use of Inventoried Items.

6-Week Instructor-Led Online Course Starting 11 July 2017

Flexible and Convenient Learning Pace to Accommodate Your Busy Schedules.

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Every dollar invested inventories, is one which cannot be invested into R&D, marketing, sales, operational improvements, or additional personnel.

Learn how to efficiently manage inventories of direct and indirect materials, whether at supplier locations, your own facilities, or straight from production.

Top 7 Reasons Why You Should Join This Unique Learning Program.

  • This Course is Developed by a World Class Procurement Expert
  • Learn Innovative Methods and Skills that improve all key areas of the strategic supply management process
  • Achieve an Immediate Positive Impact on the Bottom Line
  • Intensive Instruction and Real World Case Studies
  • Learn Anywhere, Anytime at Your Convenience
  • Gain Certificate of Completion upon Successful Completion
  • If you Apply the Methods Covered, Results are Guaranteed

Fees: US$ 499/- Per Participant

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Led by Mark Trowbridge, CPSM, C.P.M., MCIPS

markHis 30 years in procurement includes supply management leadership positions in the Services, Financial, & Manufacturing sectors, eventually as Director of Strategic Sourcing & Contracting Management for Bank of America, a global financial services company, where he achieved $250 Million in savings through sourcing and key negotiations of traditional and non-traditional acquisitions. For the last 13 years, Mark has also experienced great success in procurement consulting, exceeding targeted savings objectives on large sourcing projects in the Oil/Gas, Mining, Telecommunications, Governmental, Technology, Health Care, Banking, Manufacturing & Insurance sectors. During his decade-long consulting tenure, Mr. Trowbridge has assisted clients in capturing hundreds of millions in cost reductions. He is one of the original founders of Strategic Procurement Solutions, LLC. Mr. Trowbridge holds a Bachelor’s Degree in Business Administration from Pepperdine University. He earned his Certified Purchasing Manager (C.P.M.) designation from the Institute for Supply Management (I.S.M.) in 1993, and Lifetime Certification in 2003. He also is a Certified Professional in Supply Management (CPSM). His MCIPS certification was granted by CIPS in 2011. Mark is currently an active member of the I.S.M., CIPS, and the National Contract Management Association. He is an invited guest speaker for supply management groups, including numerous seminars for global clients and professional associations. He has been a featured speaker at the last ten I.S.M. International Conferences. His LinkedIn profile is among the 1% most-viewed out of that organization’s 250 Million members. Mr. Trowbridge has written featured articles for Supply Chain Management Review, eSide Supply Management, Inside Supply Management and Strategic Procurement Solutions own online Best Practices in Supply Management Journal (the latter of which is distributed bi-monthly to more than 13,000 global procurement professionals).

Learn the Best Practices used by World Class Procurement Professionals

Week 1

Key Objectives of Inventory Management:

  • Organizing, Controlling and Optimizing the Utilization of Materials
  • Key Functions of Inventories
  • Primary Objectives of Inventory Management
  • The Responsibilities of Supply Chain Management

Week 2

Responsibility for Inventories:

  • The Customer Connection
  • Importance of Accurate Forecasting in Inventory Management
  • Ownership & Obsolescence
  • Timing of Obsolescence
  • Generating Value from Surplus Inventories through SRM Process
  • Lifetime Costs of Ownership
  • Risk & Insurance Factors

Costs Associated with Inventories:

  • Formal vs. Informal Inventories
  • Financial Costs (Cost-of-Funds, Desired ROI, Opportunity Costs, Holding Expenses, etc)
  • Spoilage & Obsolescence

Week 3

Evaluation, Identification and Control of Inventories:

  • Principles of ABC Analysis & Classification
  • Methods for Analyzing Production Inventories
  • Methods for Analyzing MRO Inventories
  • Determining Economic Ordering Quantities (EOQ)
  • Establishing Minimum/Maximum (Min/Max) Levels
  • Calculating Inventory Turnover Rates
  • Cyclical vs. Fixed Order Point Inventory Control Systems

Week 4

Levels of Distribution in Various Marketplaces:

  • Manufacturer Direct
  • Wholesaler
  • Distributor

Finding the Optimal Balance; Inventory vs. Stockless:

  • Just-In-Time (JIT)
  • JIT II
  • Supplier/Vendor Managed Inventories (SMI/VMI)
  • Consignment Inventory Strategies
  • Kan-Ban Techniques
  • “Kitting” and “Assembly” Strategies

Week 5

Technology Factors in Inventory Management:

  • Characteristics and Applications
  • How to Improve Inventory Record Accuracy

Week 6

Optimizing Warehouse & Logistical Performance:

  • Defining Stock Keeping Units (SKU)
  • Proper Units of Measure
  • Palletizing and Packaging Concepts
  • Physical Control of Materials
  • Racking Design & Layout
  • Increased Cube Utilization
  • Pic-Pac Principles
  • Pull Listing Formats
  • Cross-Docking Options
  • Freight Management
  • International Logistics

Our Past Participants include Procurement Professionals Representing Leading International Corporations.

  • Accentcare
  • Amec Foster Wheeler
  • Arris
  • Bill & Melinda Gates Foundation
  • Bray
  • Cape Air
  • Capital One
  • Country Financial

  • Desjardines
  • Devro
  • Farmcredit Mid America
  • Ferrovial
  • Genpact
  • Greendot Corp
  • Infinity Homecare
  • Keystone Foods

  • Lake County Illinois
  • Learning Resources
  • Legrand
  • Maltese Government
  • Mass Mutual
  • Mentor Graphics
  • Northrop-Grumman
  • Paychex

  • Quad Graphics
  • ‎Sierra Rutile Limited
  • Southern Star Central Gas Pipeline
  • Spark New Zealand
  • State of Nevada – USA
  • Unisys
  • USAA
  • Visa

Group Discounts and Early Bird Discounts are Available!

What the Past Participants Say About Our Courses?

I would like to thank Outcomy team for maintaining a cordial relationship with the participants.
Raman Giridhar
Licensed Aircraft Engineer / Air Canada Jazz, Canada
I liked the interaction between the participants since it allows to draw from others’ experiences.
Erika LaCour-Loyd
Lead Engineer – Reliability Engineering / American Airlines, USA
I think I will be a better planner than I used to be before this course.
Erwin Uazukuani
Maintenance Planner / Air Namibia
The course got me thinking and it was nice to see how others do things around the world.
Jo-Anne Fletcher
Airworthiness Assistant / Flybe, United Kingdom
It was not only planning and production, but EASA and FAA regulations as well as MRO.
Renee Gonzalez
Regional Quality Manager / DHL Aero Expreso, S.A., Panama
The fact that everything that was taught was what is actually done by a planner, which helped me.
Neale Mondon
Technical Services Engineer/ Planner / Air Seychelles
I like the way in which the course was organized and I could participate at my convenience.
Boril Yonchev
Planning & Engineering Department / Lufthansa Technik Sofia Ltd., Bulgaria
Actually, the most I like is that I benefited from the participant-centered approach.
Reham Osman Bashir
Technical Service Engineer / Nova Airways, Sudan
Very good "Case Studies", since they helped directly apply the learning.
Maurizio Tomassi
Planning & Continuous Airworthiness Surveillance Manager / INAER Aviation Italia
I have improved out reliability report and ability to capture NFF units.
James Powell
Reliability Officer / Alliance Airlines, Australia

24x7 Learning Anywhere. Anytime. Flexible and Convenient. No time off from work.

Thousands of Learners representing 300 Clients in 100 Countries have Attended these Courses.