by Jon Schreibfeder | Nov 15, 2013 | Stocking Decisions
Last month we started our discussion of disposing of dead stock and excess inventory. The first step was to identify this unneeded stock. This month we will discuss the actual liquidation process. What can you do with this stuff? Consider these options: Transfer...
by Jon Schreibfeder | Oct 15, 2013 | Stocking Decisions
Remember that inventory you buy is a “sunk” cost. You’ve paid for it. No matter what it’s worth now, your money’s still gone. Compare it to shares of stock you may purchase in a company. The securities have “paper” value but no real monetary value until they are...
by Jon Schreibfeder | Sep 15, 2013 | Stocking Decisions
This month we continue our discussion of evaluating your inventory investment. The goal of effective inventory management is to “meet or exceed customers’ expectations of product availability with the amount of each item that will maximize your net profit or minimize...
by Jon Schreibfeder | Aug 15, 2013 | General
I literally grew up in a family-owned industrial distribution business. My dad (Norman) was a great guy and a fantastic salesman (in the best sense of the word). He was always in motion and wasn’t happy unless everyone else was as well. There was constant noise and...
by Jon Schreibfeder | Jul 15, 2013 | Analysis
In previous newsletter articles we have discussed the customer service level. This is a measurement of the number of line items on sales orders shipped complete in one shipment on or before the date the material was promised to the customer. The customer service...
