New Tools for Inventory Management Webinar led by Dr. Al Bates, October 13th, 1:00 pm ET
How to manage your inventory with data and analytics.
For many years, sophisticated distributors have used Gross Margin Return on Inventory (GMROI) to manage their inventory investments. But GMROI is a flawed measure of performance and using it may contribute to lower profitability.
In this 60-minute webcast sponsored by Epicor, Dr. Albert D. Bates will provide a deeper look at why GMROI is problematic and examine how better data and analytics on inventory management can provide more accurate and profitable results for distributors.
Bates will discuss:
* "The GMROI Hoax" and how GMROI misrepresents product profitability
* How technology can help uncover more accurate measures of inventory profitability
* New approaches for measuring inventory performance in a big data environment
Al Bates, Principal, Distribution Performance Project
Dr. Albert D. Bates is the founder and director of research for the Profit Planning Group, the leading benchmarking firm in distribution, and a principal in the Distribution Performance Project, a research group devoted to distribution issues. He is a featured speaker at the University of Innovative Distribution and has written extensively in both the professional and trade press, including the Harvard Business Review and Modern Distribution Management. Al received his undergraduate degree from the University of Texas at Arlington and his MBA and doctorate from Indiana University.
Jenel Stelton-Holtmeier, Editor, Modern Distribution Management (Moderating)
Jenel joined MDM as Associate Editor in 2008. While she covers a broad range of topics, she has particular interest in the impact of government policies and the economy on the wholesale distribution industry.
Prior to joining MDM, Jenel spent seven years working in the banking industry and has written for various publications including the Denver Post. She has Bachelor's of Arts degrees from the University of Oregon (journalism) and Minnesota State University-Moorhead (political science) and a Master of Arts degree from the University of Colorado Boulder.