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...

Your Ideal Inventory Investment

How do you know if you have too much, too little, or just the right amount of stock inventory? One way is to compare the value of your current inventory to an “ideal inventory investment.” In this article we will discuss how to calculate the value of this...

Calculating Your Target Inventory Investment

Most distributors spend a lot of time developing sales projections and budgets for expenses. Each month these forecasts are compared to actual sales and expenses. If sales are lower, or expenses higher than what was projected, management will usually take corrective...

Justly Judging Your Vendors

What do you expect from a vendor? Most distributors, manufacturers, and retailers expect to receive the products they order: At the lowest possible price. On time. In salable or usable condition. Packaged to minimize the cost of preparing the item for sale or use. How...