by Jon Schreibfeder | Sep 19, 2012 | Replenishment Parameters
I received a call from a customer this week saying that the minimum quantities in his computer system were far too high. Joe explained, “We normally sell four pieces of product #A100 per month. The computer system has a minimum quantity set at eight pieces. If...
by Jon Schreibfeder | Sep 19, 2012 | General
In these current economic times, most companies are trying to find new ways to liquidate unneeded inventory. In the next two newsletters we are going to explore some effective ways to achieve this goal. Remember that inventory you buy is a “sunk” cost....
by Jon Schreibfeder | Sep 19, 2012 | General
In today’s economy it is critical to remove the “fat” from your warehouse. Every dollar in inventory must be working as hard as possible for you to achieve your inventory-related goals. One critical element is to ensure that your stock inventory...
by Jon Schreibfeder | Sep 19, 2012 | Analysis
In a quest to minimize your investment in inventory, the consistency of vendor lead times can have a major impact and deserves your examination. Consider the following situation. I was working with a customer a couple of months ago who had major problems with...
by Jon Schreibfeder | Sep 19, 2012 | Replenishment Parameters
A few months ago we published an article entitled “Trimming Inventory While Maintaining a High Level of Customer Service.” In that article, we suggested that you “micro-manage” your fast-moving products by ensuring that forecasts are accurate...
