by Jon Schreibfeder | Jul 15, 2024 | Best Practices, Forecasting, Order Cycles, Replenishment Parameters, Stocking Decisions
Thresholds and CeilingsBy Matt and Jon Schreibfeder Most ERP and forecasting/replenishment systems calculate replenishment parameters for every stocked item in each warehouse, store or other stocking location. That is, they suggest when to reorder products and how...
by Jon Schreibfeder | Jun 15, 2024 | Best Practices, Replenishment Parameters, Stocking Decisions, Warehousing
What is a Stocked Item?By Jon and Matt Schreibfeder The goal of effective inventory management is “to meet or exceed your customers’ expectations of product availability with the amount of each item that will maximize net profits”. We refer to the assortment of...
by Jon Schreibfeder | May 15, 2024 | Best Practices, Forecasting, Order Cycles, Replenishment Parameters
How Much of a New Product Do You Buy?By Jon and Matt Schreibfeder Last month we introduced a new product questionnaire to help you effectively control the process ofadding items to your stock list. This month we will explain how to effectively decide the actual...
by Jon Schreibfeder | Mar 15, 2024 | Best Practices, Order Cycles, Physical Inventory – Cycle Counting, Replenishment Parameters, Stocking Decisions
Don’t Round Your Replenishment ParametersBy Jon and Matt Schreibfeder We were reviewing replenishment parameters for several inventory items with a client this week. We ran across an item where a buyer had established a minimum stock level of 10 pieces and a maximum...
by Jon Schreibfeder | Feb 15, 2024 | Best Practices, Physical Inventory – Cycle Counting, Purchasing, Stocking Decisions, Warehousing
Inventory Accuracy is Critical to Your SuccessBy Jon and Matt Schreibfeder We are working with a new client whose management is frustrated. The quantities of products on the shelf in their warehouse do not agree with the on-hand quantities in their computer system. As...
