ISM-Western New York, Inc.

Are you ready to expand your network and make meaningful connections? Our virtual speed networking event is the perfect opportunity to meet new people within our growing membership community. In just one hour, you'll have the chance to engage in dynamic, one-on-one conversations with fellow members, exchange ideas, and build valuable relationships. Whether you're looking to collaborate, share insights, or simply make new friends, this is your networking power hour!

Don't miss out on this fun and interactive experience. Come prepared to connect, converse, and create lasting connections.

Inventory represents one of the largest investments—and one of the most under-optimized levers—within the supply chain. When managed strategically, inventory optimization can unlock significant improvements in service, cash flow, and operational efficiency. When mismanaged, it quietly erodes performance through excess, obsolescence, and stock-outs. This webinar provides a practical, end-to-end look at what inventory optimization really means, why it matters, and how organizations can implement proven strategies to balance service levels, cost, and risk.

Participants will gain insights into:

•        What Inventory Optimization Is A clear definition and how it differs from traditional inventory management.

•        Why Inventory Optimization Is Critical The impact on working capital, customer service, resilience, and overall supply chain performance.

•        Key Inventory Categories Understanding the role and tradeoffs of:

·         Safety stock

·         Cycle stock

·         Pipeline stock

·         Excess and obsolete (E&O) inventory

•        Core Inventory Optimization Strategies Including:

·         ABC-XYZ classification

·         SKU rationalization

·         Service level segmentation

·         Replenishment frequency strategies by ABC-XYZ class

·         Regionalization and network considerations

•        Essential Inventory Management Processes Best practices for:

·         Inventory forecasting

·         Regular safety stock reviews

·         Monitoring adherence to planning parameter guidelines

·         Establishing and sustaining a monthly E&O review process

•        Measuring Inventory Performance How to monitor and improve results using:

·         Impact metrics

·         Achievement metrics

·         Effectiveness metrics

·         Continuous improvement metrics

•        Common Inventory Optimization Challenges Organizational, data, process, and behavioral barriers—and how to address them.

•        Inventory Optimization Approaches Practical frameworks and methods to begin or enhance your optimization journey.

The session will conclude with an interactive Q&A

Join us for our March Membership Meeting featuring James Deasey III, MBA, C.P.M., Sr. Contracts Manager for G.W. Lisk Company, Inc. The best contracts are the ones you rarely need to reference— agreements that sit quietly on the shelf while a strong, profitable relationship delivers value to both parties. But when challenges arise, a well-constructed contract becomes an essential tool. Pulling it off the shelf and using it effectively can help resolve issues that drain time, money, and resources on both sides of the relationship. As legal counsel often reminds us, once attorneys become involved, the only real winners are the attorneys themselves—so it’s best to avoid that step unless absolutely necessary. The most effective way to prevent disputes is to establish contracts that clearly and accurately define the relationship from the start, including ownership, expectations, responsibilities, remedies, and—if needed—how the relationship concludes.

In this session, we’ll explore key contract considerations, including:

·         Doing business on a PO-to-PO basis using UCC guidance

·         Essential and critical contractual elements when establishing supplier relationships

·         Understanding U.S. Government (USG) contracts and commerciality

·         Practical techniques to strengthen contracts and manage risk

Location
Prosecco Italian Restaurant & Jazz Bar
1550 State Route 332
Farmington, NY 14425