Finances for Family Business Live Webinar - Costing and Inventory Management Strategies

Event Sponsors

Date and Time

Wednesday Apr 29, 2020
11:30 AM - 1:00 PM EDT

Wednesday, April 29, 2020
11:30 am - 1:00 pm

Webinar ID: 584-863-290

Location

We will be using ZOOM - you do not need a ZOOM account to join the webinar. You can attend this webinar from anywhere using a compatible computer or mobile device. An email will be sent to you with the registration confirmation and log-in information from ZOOM for the webinar.

** If you are new to ZOOM, you can test your device here: https://zoom.us/test
Note that this webinar will be listen-only mode for attendees but you can test your sound using this test link.

Fees/Admission

Free to Conway Center members and their employees. REGISTER now!

Contact Information

Amy Dotts, Event Manager
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Finances for Family Business Live Web...

Description

This forum will now be a LIVE WEBINAR! Register to view (in listen-only mode) with the opportunity to ask questions to Carlin via Q&A. Registration is required, a recording will be available to all registrants.

Costing and Inventory Management Strategies

A lot of you likely have some type of inventory, and the answers to these questions are likely as diverse as the group of companies that could benefit from attending this presentation.

How do you track your inventory?
Do you store/organize your inventory for maximum efficiency in the production and shipping processes?
Do you know how much it costs to make your product?
Are you capturing all the costs of moving, storing, and tracking your inventory?
How do you track your work-in-process, if you can track it at all?

Carlin Culbertson of Meaden & Moore will cover various topics including the below that help you answer some of the questions posed above:

Tracking inventory quantities – physical inventories and cycle counts.
Assigning overhead costs to inventory.
Just in time inventory.
Technology to assist with inventory management.
Consignment inventory considerations.
Including purchasing and sales in inventory management discussions.
Perpetual inventory systems and their benefits.
Inventory control procedures.

If you have inventory then you know that sometimes it can be difficult to manage it. Sometimes you may perform a physical count and realize you have significantly more or less of a product than you originally thought and wonder “how did that happen?” Maybe you don’t have enough for your next round of shipments and you need to expedite the delivery of raw materials and rush the order through your shop, possibly resulting in defects, late delivery, or other items. Or perhaps you have significant sales of an item but can never seem to turn a profit on it.

REGISTER now and join us for this live webinar on Wednesday, 4/29. You'll have the opportunity to submit questions during the session and view a recording post session.

This quarterly forum is generously sponsored by Conway Service Provider Meaden & Moore.