Managing Your Inventory: What You Need to Know to Enhance Profitability

March 25, 2010 6:30 PM - 8:30 PM

Location

Main Floor - 207 Donald Street

Description
For many business owners, inventory is their largest asset, so it goes without saying that effective management of that asset is critical to business success. If you are regularly selling inventory and then ‘topping it up’, how can you tell if you are managing it well enough to make an optimal profit? This session will cover the relatively easy mathematical formulas that will help you determine whether you are turning your inventory quickly enough and if not, what you should do about it. The session will also give you the tools and knowledge to examine whether you have enough or too much inventory and how this will affect your bottom line. You will learn the key elements of a good inventory management plan and gain valuable implementation tips. This session is facilitated by Maurice McCarthy, a business analyst at the Women’s Enterprise Centre who gained tremendous knowledge and experience in inventory management during his many years in the retail and manufacturing sectors.

Speaker
Maurice McCarthy

Biography
An accomplished entrepreneur who has worked in a variety of industries, Maurice is also a skilled business advisor who holds the internationally recognized APEC-IBIZ certificate in Small Business Counselling. He has a wealth of experience and wisdom in the area of entrepreneurial development and business management. Maurice spent 10 years as Industrial Commissioner at CDEM (le Conseil de développement économique des municipalités bilingues du Manitoba) where he worked closely with entrepreneurs at the startup and expansion stages, and with rural communities to foster economic development. He is fluent in English and French and holds an MBA from the University of Manitoba.

Additional Information
Advance registration is required.

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