How Much Does Vendor Non-Performance Cost You?

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...

Problems with Turnover

In this column we will try to answer common questions faced by companies and organizations trying to achieve effective inventory management. If you would like to submit a question, please email it to JonS@EffectiveInventory.com. If we use your question, you will...

Why Is Inventory Turnover Important?

How hard is the money you have invested working for you? You’ve probably been asked that question several times by stock brokers or “investment counselors.” No, I’m not going to try to sell you mutual funds. This article isn’t about how you are managing...

One Product Ranking Is Not Enough!

Distributors, manufacturers, and retailers often stock thousands of products. Properly managing the physical inventory and replenishment of these items is a challenging task. While most buyers and salespeople realize that not all items are equally important to...