by Jon Schreibfeder | Dec 13, 2024 | Best Practices, General
Ensure that all Material Movement is Properly RecordedBy Jon and Matt Schreibfeder This is the first in a series of 15 articles on the actions an organization must take to achieve effective inventory management. We start with the most important step, making sure all...
by Jon Schreibfeder | Nov 15, 2024 | Best Practices, General
Fifteen Steps to Achieving Effective Inventory ManagementBy 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 stocked item that will maximize your...
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 | Aug 10, 2022 | Analysis, Best Practices, Consulting, General, Replenishment Parameters, Stocking Decisions
Is Your Company Making Money? By Jon and Matt Schreibfeder Last month we discussed a profitability metric known as the “adjusted margin”. It is calculated with the formula: [Annual Gross Profit $ – (Average Inventory Investment * Annual Inventory “K...
by Jon Schreibfeder | May 10, 2022 | Analysis, Best Practices, Consulting, Forecasting, General, Replenishment Parameters, Stocking Decisions
A Problem with Ranking Products by Jon and Matt Schreibfeder Most organizations want to focus their attention on the products in their inventory that contribute most to their success. One way to do this is by ranking products. Ranking is the process of classifying...
by Jon Schreibfeder | Feb 9, 2022 | Analysis, Best Practices, Forecasting, General, Order Cycles, Replenishment Parameters, Stocking Decisions
Analyzing Stockouts to Improve Customer Service by Jon Schreibfeder A “stockout” occurs when you don’t have enough inventory to fulfill a request from a customer. This customer may be “outside” your business (i.e., you are selling them products) or within your...
