As businesses struggle with the impact of a declining economy, they need to turn internally to improvements in managing their assets and operate their enterprises efficiently by reducing waste and eliminating costly non-value added activities. One of the areas core to business success is efficient and effective management of their inventory. Using the APICS Body of Knowledge, best practices, and his experience as a leading Supply Chain Management expert, he fuses the various components into PARTS (Processes, Accuracy, Resources, Tools, and Strategy) to help guide millions of business owners. You won’t want to miss this innovative session which optimizes a business’ greatest asset.

1. By Tim Salaver, MBA, PMP, CSSMBB President, APICS Golden Gate Chapter President, Cornerstone Systems Solutions

6. Industry Group Size Standard Manufacturing 500 employees Wholesale Trade 100 employees Agriculture $750,000 Retail Trade $6.5 million General & Heavy Construction (except Dredging) $31 million Dredging $18.5 million Special Trade Contractors $13 million Travel Agencies $3.5 million (commissions & other income) Business and Personal Services Except: $6.5 million Architectural, Engineering, Surveying, and Mapping Services $4.5 million Dry Cleaning and Carpet Cleaning Services $4.5 million

10. Inventory Management Procure-to-Pay (aka Req-to-Check) Strategy Processes Accuracy Resources Tools

11. Inventory Management Quote-to-Cash (AKA Order-to-Cash) Process Accuracy Resources Tools Strategy

12. Inventory Quote-to-Cash Procure-to-Pay Quote-to-Cash

13. Customer Satisfaction is #1

21. What is Inventory Really?