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REGISTRATION NOW OPEN AND KEYNOTES ANNOUNCED FOR ASCM 2019
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ASCM AND DELOITTE ANNOUNCE 2018-2019 SUPPLY CHAIN CASE COMPETITION FINALISTS
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THE ASSOCIATION FOR SUPPLY CHAIN MANAGEMENT FORMALLY LAUNCHES, COMMITS TO MAKING AN END-TO-END IMPACT ON CORPORATIONS AND THEIR WORKFORCES
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Welcome to the APICS Wichita Chapter!

Chapter management excellence is an integral component to enhancing the member experience. Successful APICS chapters provide their members with opportunities for stellar education, career development, and networking.

The APICS Chapter Benchmarking and Reporting (CBAR) program recognizes chapters that have exceeded minimum standards and exemplify excellence in overall chapter management. We are proud to announce the APICS Wichita Chapter received the 2017 CBAR Platinum Award designation, an admirable accomplishment for an APICS chapter.

As a member of an APICS Platinum Award Winning Chapter, the CBAR designation signifies commitment to providing an exceptional membership experience.


Cost-Effective Consulting - for more information please email consulting@apics-wichita.com

 

APICS Wichita President's Message:

One of the most important teachings from the APICS Body of Knowledge (and often misunderstood) is the concept of Carrying Cost. APICS defines this as “The cost of holding inventory, usually defined as a percentage of the dollar value of inventory per unit of time (generally one year). So why is this important?  These costs can run anywhere from 10-35%. In other words, every month items sit in inventory without being sold you can add upwards of 3% to its cost. So if a supplier is offering a 10% discount for you to buy two years worth of inventory, in the end you are costing your company money.

So what goes into carrying cost? First the cost of capital. You have your money invested in inventory, could it be making you more elsewhere? We also have taxes and insurance.

Obsolescence and spoilage can be more relevant in some organizations than others.  Shrinkage is another. Some companies loose inventory due to employee theft. Finally, there is the cost of warehousing. It is easy to see how these costs can add up. I personally like to work with accounting to come up with a number that everyone can agree on.

Once you have the number for your carrying cost, you can make wiser and more informed purchasing and planning decisions. This may help you greatly contribute to the profitability of your company!