VEChannel Event Profile

Improving Inventory Performance and BottomLine Profits

It demonstrates how to use the data in any MRP or ERP system with several best practices to identify and prioritize inventory reduction opportunities. Through actual case studies it shows successful strategies for working smarter; for getting rapid inventory reduction results; and for achieving worldclass inventory performance. This methodology, known as the Inventory Quality Ratio, was developed by 35 materials managers to make the planners job easier and to increase turns, cash flow and company profits. Gary Gossard is President of IQR International, a company providing management tools to the manufacturing and distribution industries since 1985. Garys 30 years of experience also includes being the Chief Operating Officer of a hightech manufacturing company and a Partner in a "Big Six" CPA firm. A graduate of the USC School of Engineering and the Stanford Executive Management Program, he is active in APICS education and a frequent speaker at industry conferences.

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