by Jon Schreibfeder | Jun 1, 2011 | Vendor Managed Inventory
Today, many firms are trying to concentrate on the “core competences.” They want to outsource minor tasks and activities when it is cost effective to do so. For a distributor, an example of one of these tasks is the replenishment of less-expensive...
by Jon Schreibfeder | Apr 1, 2011 | Purchasing
Occasionally a supplier will provide you with an “incentive” for paying an invoice before its due date. These are often referred to as “terms discounts.” A common terms discount is “2% 10 Days Net 30 Days.” This means that while the...
by Jon Schreibfeder | Jan 10, 2011 | Replenishment Parameters
A few months ago, in an article entitled “The Mysterious Cost of Carrying Inventory,” we published a questionnaire that you can fill out, return to us, and have us calculate your specific company’s inventory carrying cost percentage – that is, what...
by Jon Schreibfeder | Jan 10, 2011 | Replenishment Parameters
The carrying cost of inventory is the cost of maintaining your average inventory investment of inventory in your warehouse, storeroom, stockroom, or other location where you stock raw materials or finished goods. What costs do you incur in carrying inventory? Cost of...
by Jon Schreibfeder | Nov 5, 2010 | Forecasting
When you hear the term “business to business (B2B) E-commerce” what comes to mind? Buyers looking through online catalogs and placing orders for needed products? Companies sending purchase orders via EDI (electronic data interchange) that are automatically...
