Collaborative Forecasting – Part II

Often the best sources of this information are your customers.  Indeed, the term “collaborative forecast” refers to a cooperative effort between you and your customers to derive an accurate demand forecast.  But, we have found that collaborative information from many...

Carefully Consider Vendor Offers

Often vendors offer a bigger discount or other considerations for placing a larger order. It is tempting to always increase the size of a replenishment order to “get the extra five percent discount” or “qualify for free freight”.  Sure, buying at a lower unit cost...