by Jon Schreibfeder | Sep 15, 2014 | Stocking Decisions
To avoid a possible stockout, a product should be ordered as soon as its replenishment position or net available quantity (i.e., On-Hand – Committed on Current Customer Orders + Current Replenishment Orders) falls down to its reorder point or minimum stock quantity....
by Jon Schreibfeder | Aug 15, 2014 | Warehousing
Last week we received an inquiry asking when it makes sense to set up a regional distribution center rather than having suppliers deliver all products directly to the branch or warehouse that will sell them. Distributing products from a central company location...
by Jon Schreibfeder | Jul 15, 2014 | Forecasting
Last month we introduced the “Record, Report and Evaluate” procedure for obtaining for predictions of how sales or material consumption will change in the future. This month we will continue to explore how we can obtain the most accurate estimates of future demand...
by Jon Schreibfeder | Jun 15, 2014 | Forecasting
An accurate forecast of future demand is a crucial element in properly stocking products. Many computer systems include time-series forecasting models. Some of these tools do a good job of estimating future demand of products, but all have one major problem; they can...
by Jon Schreibfeder | May 15, 2014 | General
The most important element of effective inventory management is to meet or exceed your customers’ expectations of product availability. To achieve this goal, you must depend on your vendors’ ability to reliably replenish your inventory. But your vendors aren’t always...
