by Jon Schreibfeder | Feb 1, 2012 | Purchasing
About this time last year I worked with two large distributors that allow their individual branches to completely control the replenishment of the products they stock. Each location’s management, buyers, and/or salespeople could replenish stock whenever they...
by Jon Schreibfeder | Dec 1, 2011 | Physical Inventory – Cycle Counting
In order to receive all of the benefits from a good inventory management system, stock balances must be at least 97% accurate, every day of the year. This means that the actual available quantity of every item in the warehouse is no more than 3% greater or less than...
by Jon Schreibfeder | Oct 1, 2011 | Replenishment Parameters
For many organizations, 50% or more of their stocked inventory items have sporadic usage – that is, they are not sold or used on a regular basis. In previous articles, we have discussed how typical demand forecast techniques that predict the quantity of the product...
by Jon Schreibfeder | Jun 3, 2011 | Vendor Managed Inventory
This article is the third and final article on achieving success with vendor-managed inventory (VMI). In the first article we discussed the advantages and disadvantages of having a vendor manage replenishment of the products it supplies to a customer. Last month we...
by Jon Schreibfeder | Jun 2, 2011 | Vendor Managed Inventory
Last month, we began our discussion of vendor-managed inventory (VMI) programs listing possible advantages and disadvantages these programs present for both customers and suppliers. We also presented some advice for determining which products should be included in a...
