Why Paying For Employees’ Additional Skills Training Makes Sense Now

Businesses in Retail and Manufacturing must have a continuous focus on Inventory Management and Optimization to reduce working capital requirements. To support this focus, they need suitably-training employees with Inventory Management skills. If you’re an employer with un-met business needs, you’ve probably already run up against a confounding challenge: finding star performers that you can trust to manage the Inventory Management aspects of running your business. Hiring already-qualified employees isn’t always easy. Many of the best ones are happy right where they are. All too often, employers must decide to make do with less-than-ready—but otherwise-qualified—go-getters: ‘starters’ and ‘newbies’ with the potential to be stellar performers because they’re great individuals at every other level: eager, proactive, willing to tackle whatever you put on their playing field. If your present employees are struggling in any way—if they appear stressed out, laser-focused, apologetic or frazzled—don’t look the other way. Instead, ask them “Is there anything I can offer to make your job easier for you? Are there areas you’ve spotted where a little more instruction might bring you some peace?” Even if your people seem cool, calm and collected, it doesn’t hurt to ask the same question. Some people are better actors than others; you may discover you have an Oscar-level actor in your midst. You’ll never know without asking the question! Skills generally required to achieve effective Inventory Management include 1. Inventory replenishment techniques including: * Reorder Pointrn * Periodic Review rn2. ABC Analysis and Classification rn3. Inventory Accuracyrn4. Major Inventory Measures and KPI’s (Inventory Turns and GMROI)rn5. Inventory Cycle Counting rn6. Calculating Safety Stock to minimize the financial investment in Inventory Boost employees’ skills with online skills training If you discern a need for additional or supplemental training, why not smile and say, “I’ll take care of it. You can study on your own time from your home computer at your own pace. You can pick the course or courses you feel you need to succeed here. I’ll cover the cost. I just want you to know you’re an essential part of this team and I want you to enjoy being here doing the work you do to keep us all ahead of the game.” In the past, students were required to attend a brick-and-mortar high school, college or technical school campus. Not today. With the arrival of online e-Learning, the Internet has become the most cost-effective and time-sensitive way for students to get the information they need to achieve success. Students can study targeted materials 24/7/365 from wherever they are as long as they have access to an Internet connection. Hundreds of courses are available from educational companies and institutions and they are focused and cost effective. Benefits of providing additional training to your employees * They’ll be able to demonstrate immediate measurable resultsrn* They’ll require less supervision * They’ll be able to focus on minimizing waste in your Inventory processes * They’ll be more committed to your organization * They’ll be less stressed resulting in lower rates of absenteeism and turnoverrn* They’ll respond and adapt to change better. rnThe bottom line: Your best employees—the ones you want to keep “forever”—should feel celebrated, not just tolerated. By offering them additional training at your cost, you’re expressing your support, your confidence, and your proof that you want them on your team indefinitely. This is exactly the confirmation most employees treasure, so why not oblige them? Finally... If you found this article helpful, please contact the author at www.inventoryskills.com about other inventory management-training guides and inventory planning spreadsheets that enable “learning by doing”. Here you’ll find guides based on e-learning principles that are very cost effective, focused, current and developed by practitioners with real passion for the subject. Try them. You won’t be disappointed.