APICS Florida West Coast Chapter Meeting
March 9, 2010

Speaker: ALAN L. MILLIKEN CFPIM CIRM CSCP CPF

Tucsonís, Clearwater MAP

13563 Icot Blvd
Clearwater, FL 33760
5:30 - 6:30 Social Hour
6:30 - 8:00 Dinner and Speaker Presentation
RESERVATIONS

TOPIC: Improving Cash Flow through Closed-Loop Inventory Management

In the current economic environment cash is king and many firms are focused on reducing working capital through optimization of inventories. A comprehensive, closed-loop approach is needed to achieve best results. The process must begin with demand planning to improve forecasting and better align stocking policies with demand patterns. Dynamic inventory targets based on desired service levels and supply chain variables must be maintained. Optimization of inventory across the entire network is needed to avoid sub-optimizations. Replenishment processes must be directly linked to planning. Tracking of performance versus metrics and active management of exceptions is required to achieve desired results. This presentation will show how to design and implement inventory management processes that can unlock working capital while maintaining acceptable customer service.

Speaker: ALAN L. MILLIKEN CFPIM CIRM CSCP CPF

Alan Milliken is a member of BASF Corporation's Business Process Solutions group. Alan has over 20 years experience in manufacturing including production, logistics, quality & process control, industrial engineering, operations planning, and operator training. During the past 14 years he has served as a business consultant and educator specializing in supply chain and operations management. Alan was one of the original developers of the APICS CSCP certification program. He currently develops and delivers supply chain training for BASF, the world's leading chemical company. Alan holds an engineering degree from Auburn University and an MBA from Clemson University.