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...
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 | Jan 15, 2015 | General
Last week I received a phone call from the owner of a distribution company who said he was “desperate” to improve his inventory performance. In a lengthy phone conversation, we discussed his company’s primary inventory challenges: • The quantities of products in his...
by Jon Schreibfeder | Nov 15, 2014 | General, Warehousing
Over the past several weeks, I have been working with two customers to improve the accuracy of their inventory. That is, to ensure that the on-hand quantities in their computer system agree with what is actually on the shelves in their warehouses. No matter how...
by Jon Schreibfeder | Oct 15, 2014 | General
Some months ago, I discussed some bad advice that was being promoted by some industry experts. Your response was overwhelming. Many of you described other situations in which you did not receive realistic solutions to your problems. But sometimes even bad advice can...
