I would like to see us put our heads together to add to the ROI list. John Newlyn gives a good one:
- " if you send an employee to APICS and, as a result, they reduce your firm’s average inventory by $10,000—assuming a 20 percent carrying cost, you’ve saved $2,000 during the first year of their membership. Spending $200 on dues to save $2,000: What a great investment.”
Here's another one:
- If you send and employee to APICS and, as a result, you increase your inventory accuracy by just 1%, you save $1000 for every $100,000 of inventory value - ANNUALLY!!!
Can you think of others?
2 comments:
Here are some incomplete ideas to add to the list. Feel free to build on or expand these ideas:
Cycle time reduction: link this to waste reduction and cost savings.
Safety Stock Calculation: link this to improved customer service with a minimal amount of inventory investment.
Cycle count program: link this to inventory accuracy and reducing in the planning/buying fudge-factor while simultaneously increasing customer service.
Getting than new ERP systtem to acually work!: talk to me in about four months as this is a real project I'm working on for a client in my evenings and weekends. It's a new startup, with some brilliant folks, but no APICS person to manage the software tool.
Come on what are your ideas!
I definitely think we need to put some figures on ROI - especially with the restructuring of the enterprise/group memberships which can be a significant jump for some companies. How about figures for member vs non-member savings on Chapter events?
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