by Jon Schreibfeder | Jan 29, 2021 | Best Practices, General, Warehousing
Effective Rules for Warehouse Operations Over the past 41 years I have observed operations in many warehouses. Some of these facilities were well organized and efficiently received, stored, and shipped products. Others had substantial material handling challenges. ...
by Jon Schreibfeder | Mar 5, 2020 | Analysis, Best Practices, Consulting, Forecasting, General, Order Cycles, Purchasing
Key Metrics to Measure Inventory Management Success Turn Earn Index and GMROI If a company enjoys high gross margins, it can be successful with lower inventory turns. Many companies that sell goods being liquidated justify keeping items in their warehouse for years,...
by Jon Schreibfeder | Dec 16, 2018 | General
Every week I get at least one phone call or email asking “How do I get started on achieving effective inventory management?” That is, to meet or exceed your customers’ expectations of product availability with the amount of each stocked item that will maximize...
by Jon Schreibfeder | Apr 15, 2018 | Best Practices, General, Warehousing
If one of your warehouse employees walks past an item lying in the middle of a warehouse aisle, do they pick it up and put it in its proper location? Do they pretend not to see it? Do they feel they are too busy to deal with it? Do they kick it out of the way? The...
by Jon Schreibfeder | Jan 15, 2018 | General
It’s 2018. Make this the year your organization achieves the goal of effective inventory management. That is, to meet or exceed your customers’ expectations of product availability with the amount of each stocked item that will maximize your organization’s...
by Jon Schreibfeder | Sep 15, 2017 | General
Many organizations assess profitability by calculating the gross margin of products. Gross margins are calculated with the formula: Annual Profit Dollars ÷ Annual Sales Dollars The problem with this metric is that the amount of inventory maintained in stock is not...
