by Jon Schreibfeder | Mar 15, 2023 | Best Practices, Order Cycles, Physical Inventory – Cycle Counting, Stocking Decisions
Set Minimum and Maximum Stock Quantities Properly (Part 1)By Matt and Jon Schreibfeder Last week a client asked a question concerning an item where a buyer had established a minimum stocklevel of 10 pieces and a maximum stock level of sixty pieces. The item is...
by Jon Schreibfeder | Dec 15, 2022 | Best Practices, Replenishment Parameters, Stocking Decisions
Why Is My Inventory Still Bloated? Part IIBy Jon and Matt Schreibfeder Occasionally, even after we set optimum replenishment parameters, a client may still find themselveswith a bloated inventory. The second common reason why this frustrating situation occurs is...
by Jon Schreibfeder | Nov 15, 2022 | Best Practices, Replenishment Parameters, Stocking Decisions
Why Is My Inventory Still Bloated? Part IBy Jon and Matt Schreibfeder We work with many clients setting the replenishment parameters for stocked items to achieve the goal of effective inventory management. That is, to meet or exceed their customers’ expectations of...
by Jon Schreibfeder | Oct 15, 2022 | Best Practices, Forecasting, Order Cycles, Physical Inventory – Cycle Counting, Purchasing
When Your Target Order Requirement Is Not Practical?By Jon and Matt Schreibfeder One of the things we look forward to is answering great questions from our readers. In the next several issues of our newsletter, we will discuss some of the more interesting subjects...
by Jon Schreibfeder | Sep 15, 2022 | Best Practices, Physical Inventory – Cycle Counting, Purchasing, Stocking Decisions
Is Your Company Making Money? – Part 2By Jon and Matt Schreibfeder For the past several months, we have been discussing profitability. Our goal is to ensure that every product you stock is either profitable or leads to other profitable sales. In the first...
by Jon Schreibfeder | Aug 10, 2022 | Analysis, Best Practices, Consulting, General, Replenishment Parameters, Stocking Decisions
Is Your Company Making Money? By Jon and Matt Schreibfeder Last month we discussed a profitability metric known as the “adjusted margin”. It is calculated with the formula: [Annual Gross Profit $ – (Average Inventory Investment * Annual Inventory “K...
by Jon Schreibfeder | Jul 6, 2022 | Analysis, Best Practices, Forecasting, Purchasing, Replenishment Parameters, Stocking Decisions
Measuring Profitability By Matt and Jon Schreibfeder Besides customer service (i.e, having those quantities of stocked items available, when customers want them), EIM considers profitability to be the most important metric available to our clients. If your...
by Jon Schreibfeder | Jun 6, 2022 | Analysis, Best Practices, Consulting, Replenishment Parameters, Stocking Decisions, Technology
Meaningful Product Classification By Jon and Matt Schreibfeder Last month we discussed ranking products. That is, the process of classifying products so that you can identify those items that contribute most to your success. To fully evaluate inventory...
by Jon Schreibfeder | May 10, 2022 | Analysis, Best Practices, Consulting, Forecasting, General, Replenishment Parameters, Stocking Decisions
A Problem with Ranking Products by Jon and Matt Schreibfeder Most organizations want to focus their attention on the products in their inventory that contribute most to their success. One way to do this is by ranking products. Ranking is the process of classifying...
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...
