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...
by Jon Schreibfeder | Feb 15, 2024 | Best Practices, Physical Inventory – Cycle Counting, Purchasing, Stocking Decisions, Warehousing
Inventory Accuracy is Critical to Your SuccessBy Jon and Matt Schreibfeder We are working with a new client whose management is frustrated. The quantities of products on the shelf in their warehouse do not agree with the on-hand quantities in their computer system. As...
by Jon Schreibfeder | Jan 15, 2024 | Best Practices, Forecasting, Stocking Decisions
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 | Dec 15, 2023 | Best Practices, Forecasting, Technology
Applying “Collaborative Information” to Your Forecast By Jon & Matt Schreibfeder Most demand planning systems base their forecasts of future sales on past usage history. This is known as “time series forecasting”. The idea is that what you sold in the past is a...
by Jon Schreibfeder | Nov 15, 2023 | Analysis, Best Practices, Replenishment Parameters, Stocking Decisions
Don’t Let Your Inventory Become a “Blob” By Jon and Matt Schreibfeder Many organizations ask for our help because their inventory is out of control. Like the title character inthe 1950’s science fiction movie “The Blob”, material in their warehouse increases at...
by Jon Schreibfeder | Oct 15, 2023 | Best Practices, Forecasting, Purchasing, Warehousing
Planned Excess: How to Manage ItBy Jon and Matt Schreibfeder Last month, we discussed the advantages of utilizing the economic order quantity (EOQ) when determining how much of a product to buy from a vendor. Properly used, the EOQ will minimize your total cost of...
