by Jon Schreibfeder | Sep 15, 2024 | Best Practices, Forecasting, Replenishment Parameters, Stocking Decisions
Effectively Investing in Safety StockBy Jon and Matt Schreibfeder In a perfect world, forecasts of future customer demand for every product would be 100% accurate. Replenishment shipments of stocked products would always arrive on-time. But the world isn’t perfect....
by Jon Schreibfeder | Aug 15, 2024 | Best Practices, General
Effectively Managing ReturnsBy Matt & Jon Schreibfeder Companies with inventory are organized to sell and distribute products. Policies and procedures are designed to aid or promote this activity. As long as material flows through the warehouse “in the right...
by Jon Schreibfeder | Jul 15, 2024 | Best Practices, Forecasting, Order Cycles, Replenishment Parameters, Stocking Decisions
Thresholds and CeilingsBy Matt and Jon Schreibfeder Most ERP and forecasting/replenishment systems calculate replenishment parameters for every stocked item in each warehouse, store or other stocking location. That is, they suggest when to reorder products and how...
by Jon Schreibfeder | Jun 15, 2024 | Best Practices, Replenishment Parameters, Stocking Decisions, Warehousing
What is a Stocked Item?By Jon and Matt Schreibfeder The goal of effective inventory management is “to meet or exceed your customers’ expectations of product availability with the amount of each item that will maximize net profits”. We refer to the assortment of...
by Jon Schreibfeder | May 15, 2024 | Best Practices, Forecasting, Order Cycles, Replenishment Parameters
How Much of a New Product Do You Buy?By Jon and Matt Schreibfeder Last month we introduced a new product questionnaire to help you effectively control the process ofadding items to your stock list. This month we will explain how to effectively decide the actual...
by Jon Schreibfeder | Mar 15, 2024 | Best Practices, Order Cycles, Physical Inventory – Cycle Counting, Replenishment Parameters, Stocking Decisions
Don’t Round Your Replenishment ParametersBy Jon and Matt Schreibfeder We were reviewing replenishment parameters for several inventory items with a client this week. We ran across an item where a buyer had established a minimum stock level of 10 pieces and a maximum...
