by Jon Schreibfeder | Oct 15, 2023 | Best Practices, Forecasting, Purchasing, Warehousing
Planned Excess: How to Manage ItBy Jon and Matt Schreibfeder Last month, we discussed the advantages of utilizing the economic order quantity (EOQ) when determining how much of a product to buy from a vendor. Properly used, the EOQ will minimize your total cost of...
by Jon Schreibfeder | Apr 7, 2022 | Analysis, Best Practices, Consulting, Forecasting, Purchasing, Replenishment Parameters, Replenishment Source, Stocking Decisions, Warehousing
Developing Stocking Rules – Part 2 By Jon Schreibfeder Last month we began a discussion of determining what products you should keep in stock. As we said in that article, when you decide to stock a product, you are making a commitment. A commitment to maintain a...
by Jon Schreibfeder | Mar 8, 2022 | Analysis, Best Practices, Consulting, Forecasting, Order Cycles, Replenishment Parameters, Stocking Decisions, Warehousing
Developing Effective Policies for Stocking Products by Jon and Matt Schreibfeder The goal of effective inventory management is to “meet or exceed customers’ expectations of product availability while maximizing net profits.” This...
by Jon Schreibfeder | Jan 5, 2022 | Analysis, Best Practices, Forecasting, Replenishment Parameters, Stocking Decisions, Warehousing
2022: New Year’s Resolutions We hope everyone had a safe and enjoyable holiday season. While you are considering New Year’s resolutions, why not add some which will lead your organization to achieve the goal of effective inventory management. That is, “to meet or...
by Jon Schreibfeder | Dec 7, 2021 | Analysis, Best Practices, Consulting, Forecasting, General, Order Cycles, Purchasing, Replenishment Parameters, Replenishment Source, Stocking Decisions, Warehousing
EIM Effective Inventory Management, Inc. Dealing with a Chaotic Supply Chain – Part #4 Controlling Inventory Explosions Due to Extended Lead Times By Jon and Matt Schreibfeder Due to supply chain disruptions, a lot of organizations are experiencing drastically...