Name
Financial Operations Track: Inventory Management and Logistics
Date & Time
Monday, August 29, 2022, 1:00 PM - 2:00 PM
Location Name
Grand Canyon 8
Description

In this session learn from a panel of experts about the financial impact of the organization’s inventory management and logistics. They will also discuss how systems and processes improve to better serve the patient, and what innovative solutions can be created to improve the process. While the industry and service levels influence inventory practices, there are general business reasons why some companies have excess inventory, such as supply chain and vendor risk and uncertainty; variable customer demand and forecast accuracy; seasonality leveling; lead-time issues; price hedging; risk of losing loyal customers; and marketing driving sales with new merchandise.

 

Learning Objectives:

 

1. Define the financial impact of the organization’s inventory management and logistics.

2. Question how systems and processes can be improved to better serve the patient.

3. Explain what innovative solutions can be created to improve the process.

4. Differentiate between industry and service levels of influence on inventory practices versus general business reasons.