by Jon Schreibfeder | Dec 15, 2015 | Forecasting, Replenishment Parameters
In the current series of articles, we are looking at how to best set parameters in your replenishment software. There are four critical factors that determine how successful you are in having the right quantity of the right item at the right location at the right...
by Jon Schreibfeder | Oct 15, 2015 | Forecasting, General
Many computer software packages today rave about their advanced forecasting and replenishment capabilities. If these systems are so good, why do so many buyers still make all of their replenishment decisions by “S.W.G.” (Scientific Wild Guessing)? We have identified...
by Jon Schreibfeder | Sep 15, 2015 | Forecasting
Many software packages include a notification when the on-hand quantity of a stock product is equal to zero, also called a stock-out report. You have no inventory left on the shelf. This type of notification is worthless in your quest to achieve effective inventory...
by Jon Schreibfeder | Aug 15, 2015 | Forecasting
There are many systems that forecast future demand of products. Most of these systems utilize a “time series forecast model”. That is, they utilize some average of past sales or usage. For non-seasonal products, they will calculate an average of what you sold over...
by Jon Schreibfeder | Apr 15, 2015 | Forecasting, Replenishment Parameters
Over the last several months, we have been discussing barriers to achieving lean inventory management. That is, having inventory arriving “just in time” when it is needed by a customer or for use in an assembly or repair. Successful lean distribution is dependent on...
by Jon Schreibfeder | Mar 20, 2015 | Forecasting
Last month, we began a discussion of evaluating your inventory based on the number of day’s supply of inventory you have in stock. That is, how long your current inventory would fulfill anticipated customer demand. The major determinants of day’s supply of inventory...
