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Managing By Exception – Part #4

by Jon Schreibfeder | Nov 15, 2020 | Analysis, Best Practices, Forecasting, Stocking Decisions

Managing By Exception – Part #4 Prioritize Items in your Unusual Usage Report by Jon Schreibfeder A few months back, we discussed the importance of reviewing unusual usage at the end of each month or week.  That is, examining situations where your forecast of future...

Managing by Exception – Part #3

by Jon Schreibfeder | Oct 1, 2020 | Analysis, Best Practices, Forecasting, Order Cycles, Replenishment Parameters, Stocking Decisions

Managing by Exception – Part #3 Monitoring Stockouts     When you incur a stockout of an inventoried item, you run the risk of disappointing a customer.   Unfortunately, it is inevitable that you will not be able to fulfill every request for any quantity of...

Managing Inventory by Exception – Part #2

by Jon Schreibfeder | Sep 15, 2020 | Analysis, Best Practices, Forecasting, Purchasing, Replenishment Parameters, Stocking Decisions

Managing Inventory by Exception – Part #2 Interpreting Unusual Usage In the last newsletter, we discussed the importance of evaluating possible unusual usage in accurately forecasting future demand of products. In the next several newsletters, we will look at some...

Managing by Exception – Part One

by Jon Schreibfeder | Sep 1, 2020 | Analysis, Best Practices, Forecasting, Order Cycles, Purchasing, Replenishment Parameters, Stocking Decisions

Managing by Exception – Part One By Jon Schreibfeder We’ll begin by examining unusual sales or usage.  A forecast is a prediction of the quantity of a product that will be sold or used in an upcoming week or month.  Accurate forecasts are critical to achieving...

Inventory Management with COVID-19, Part 10

by Jon Schreibfeder | Aug 18, 2020 | Analysis, Best Practices, Forecasting, Order Cycles, Purchasing, Replenishment Parameters, Stocking Decisions, Warehousing

COVID-19 Newsletter #10 Assess Viability of New Products Before They Enter Your Warehouse By Jon Schreibfeder New products are continually being introduced to the marketplace.  Unfortunately, many of these new items are “D.O.A.” or dead on arrival.  That is, you do...

Inventory Management with COVID-19, Part 9

by Jon Schreibfeder | Aug 7, 2020 | Analysis, Best Practices, Forecasting, Order Cycles, Physical Inventory – Cycle Counting, Stocking Decisions, Warehousing

Inventory Management with COVID-19, Part 9 Develop Your Approved Stock List Remember that the goal of effective inventory management is “to meet or exceed customers’ expectations of product availability with the amount of each item that will either maximize your...
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  • Managing By Exception – Part #4
  • Managing by Exception – Part #3
  • Managing Inventory by Exception – Part #2

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