by Jon Schreibfeder | Jul 10, 2019 | Analysis, Best Practices, Forecasting, Order Cycles, Purchasing, Replenishment Parameters, Stocking Decisions
Protecting Customer Service – Part 2 Last month we began a discussion of safety stock. That is, “insurance inventory” to protect against unusually high demand or delays in receiving a replenishment shipment from the supplier of an item. Though we found...
by Jon Schreibfeder | Mar 16, 2016 | Analysis, Forecasting
Over the last several months, we have been discussing various ways of calculating safety stock quantities. If safety stock quantities are too low, they will not provide adequate insurance to prevent stockouts in case of unusually high demand or delays in receiving a...
by Jon Schreibfeder | Jul 15, 2013 | Analysis
In previous newsletter articles we have discussed the customer service level. This is a measurement of the number of line items on sales orders shipped complete in one shipment on or before the date the material was promised to the customer. The customer service...
by Jon Schreibfeder | Mar 15, 2013 | Analysis
The phenomenon of “inventory creep”: a constant increase in inventory without a corresponding increase in sales. Management is often puzzled when this occurs, despite having implemented an expensive, state of the art inventory management system. The most common...
by Jon Schreibfeder | Feb 15, 2013 | Analysis
I received an email from a customer this week asking how to handle a salesperson’s request to stock a product. This would be the only product this new customer would buy: Anticipated Annual Sales $1,888 Annual Cost of Goods Sold $1,411...
by Jon Schreibfeder | Sep 19, 2012 | Analysis
Competition is greater today than ever before. It is critical that every business knows how well it is meeting its customers’ needs, identifying deficiencies, and putting into place improved practices and procedures. In previous newsletters we have discussed the...
