by Jon Schreibfeder | Jun 10, 2021 | Best Practices, Forecasting, Order Cycles
Avoid Over Buying During Demand Bubbles By Jon Schreibfeder Events will often spur spikes in demand for certain products. To avoid stockouts and disappointing customers, there is a tendency among buyers to purchase a large quantity of these items whenever they are...
by Jon Schreibfeder | Jun 1, 2021 | Best Practices, Forecasting, General, Order Cycles
Shortfall Replenishment By Jon Schreibfeder We are finding that many of our distributors, manufacturers, and retailers are suddenly dealing with longer and unpredictable lead times for many products. Unfortunately, the majority of computer systems are not equipped to...
by Jon Schreibfeder | Dec 15, 2020 | Best Practices, Forecasting, Order Cycles, Physical Inventory – Cycle Counting, Replenishment Parameters, Stocking Decisions
A Quick Test for Inventory Accuracy By Jon Schreibfeder Recently our articles have concentrated on inventory management. That is the planning process. Making sure you have the right quantity, of the right item, in the right location, at the right time. Successful...
by Jon Schreibfeder | Oct 1, 2020 | Analysis, Best Practices, Forecasting, Order Cycles, Replenishment Parameters, Stocking Decisions
Managing by Exception – Part #3 Monitoring Stockouts When you incur a stockout of an inventoried item, you run the risk of disappointing a customer. Unfortunately, it is inevitable that you will not be able to fulfill every request for any quantity of...
by Jon Schreibfeder | Sep 1, 2020 | Analysis, Best Practices, Forecasting, Order Cycles, Purchasing, Replenishment Parameters, Stocking Decisions
Managing by Exception – Part One By Jon Schreibfeder We’ll begin by examining unusual sales or usage. A forecast is a prediction of the quantity of a product that will be sold or used in an upcoming week or month. Accurate forecasts are critical to achieving...
by Jon Schreibfeder | Aug 18, 2020 | Analysis, Best Practices, Forecasting, Order Cycles, Purchasing, Replenishment Parameters, Stocking Decisions, Warehousing
COVID-19 Newsletter #10 Assess Viability of New Products Before They Enter Your Warehouse By Jon Schreibfeder New products are continually being introduced to the marketplace. Unfortunately, many of these new items are “D.O.A.” or dead on arrival. That is, you do...
