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 [email protected]. 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...

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...