by Jon Schreibfeder | Sep 19, 2012 | General
A participant in one of our October workshops was frustrated. “Management wants me to reduce inventory by 25% and I have no idea how to do it.” I asked how they came up with this figure and he responded, “I don’t know.” Without direction...
by Jon Schreibfeder | Sep 19, 2012 | General
In these current economic times, most companies are trying to find new ways to liquidate unneeded inventory. In the next two newsletters we are going to explore some effective ways to achieve this goal. Remember that inventory you buy is a “sunk” cost....
by Jon Schreibfeder | Sep 19, 2012 | General
In today’s economy it is critical to remove the “fat” from your warehouse. Every dollar in inventory must be working as hard as possible for you to achieve your inventory-related goals. One critical element is to ensure that your stock inventory...
by Jon Schreibfeder | Sep 19, 2012 | General
Current economic conditions have caused many distributors to experience a decrease in sales and lower profit margins. There is less money available to invest in inventory. But in order to remain competitive, distributors must maintain a high level of customer service....
by Jon Schreibfeder | Sep 19, 2012 | General
Most companies want to achieve the goal of effective inventory management: “Effective Inventory Management allows a company to meet or exceed customers’ expectations of product availability with the amount of each item that will maximize net profits or...
by Jon Schreibfeder | May 1, 2012 | General
Last month I discussed a “revolutionary” method of inventory management that sounded great in theory. The author promised spectacular results from abandoning age-old concepts and adapting this simple idea. Unfortunately this “simple idea”...
