by Jon Schreibfeder | Sep 19, 2012 | Replenishment Parameters
Computer systems maintain the stock of inventory items with parameters such as minimum and maximum quantities. Some of these parameters are objective – that is, there is one right or optimum answer. For example, an economic order quantity balances the actual cost of a...
by Jon Schreibfeder | Sep 19, 2012 | Forecasting
When we founded Effective Inventory Management (EIM) in 1996, our goal was to help organizations throughout the world achieve the goal of effective inventory management – that is, to meet or exceed customers’ expectations of product availability while maximizing...
by Jon Schreibfeder | Sep 1, 2012 | Stocking Decisions
In deciding what products to stock, remember our goal: “Effective inventory management allows a distributor to meet or exceed his (or her) customers’ expectations of product availability with the amount of each item that will maximize the...
by Jon Schreibfeder | Jul 1, 2012 | Replenishment Parameters
Many companies today have multiple stores or branches, each stocking a number of products. When planning replenishment of products to smaller locations, buyers must decide whether to buy products directly from a supplier or to transfer quantities from a central...
by Jon Schreibfeder | Jun 1, 2012 | Forecasting
When we founded Effective Inventory Management (EIM) in 1996, our goal was to help organizations throughout the world achieve the goal of effective inventory management – that is, to meet or exceed customers’ expectations of product availability while maximizing...
by Jon Schreibfeder | May 5, 2012 | Analysis
Over the past 12 months, I’ve seen numerous articles on liquidating unwanted dead stock and excess inventory. In fact, we published an article several months ago exploring the advantages of using Internet websites (such as www.tradeout.com, www.surplusbin.com,...
by Jon Schreibfeder | May 1, 2012 | General
Last month I discussed a “revolutionary” method of inventory management that sounded great in theory. The author promised spectacular results from abandoning age-old concepts and adapting this simple idea. Unfortunately this “simple idea”...
by Jon Schreibfeder | Apr 1, 2012 | General
I shouldn’t have my blood pressure taken after reading some of the widely distributed business periodicals. I just finished reading a newsletter where the author states that distributors should abandon forecasting future demand of products and merely continue to...
by Jon Schreibfeder | Mar 15, 2012 | Physical Inventory – Cycle Counting
Counting inventory in your warehouse is neither a pleasant nor an easy task. Over the last four months we’ve discussed various methods of counting your products in order to maintain accurate information about what’s in your warehouse and available for sale. Last...
by Jon Schreibfeder | Mar 1, 2012 | Physical Inventory – Cycle Counting
Without accurate stock level information in your computer, effective inventory management is impossible. No matter what sophisticated tools you have in your inventory management system, if the computer thinks you have 100 pieces of an item, and there are really only...
