by Jon Schreibfeder | Aug 5, 2021 | Analysis, Best Practices, Stocking Decisions, Warehousing
Liquidating Unwanted Inventory By Jon and Matt Schreibfeder Most companies’ warehouses are filled with two things: “stock” and “stuff”. Stock is what you need to achieve the goal of effective inventory management. That is, to meet or exceed customers’ expectations...
by Jon Schreibfeder | Jul 10, 2021 | Analysis, Best Practices, Forecasting, General, Order Cycles, Purchasing, Replenishment Parameters, Stocking Decisions
Buying Before a Vendor Price Increase By Jon and Matt Schreibfeder Over the past several months, we have been discussing replenishment related challenges in these times of erratic demand of products and disruptions in the supply chain. The disruption has caused our...
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...
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...
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...
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...
