by Jon Schreibfeder | Aug 7, 2020 | Analysis, Best Practices, Forecasting, Order Cycles, Physical Inventory – Cycle Counting, Stocking Decisions, Warehousing
Inventory Management with COVID-19, Part 9 Develop Your Approved Stock List Remember that the goal of effective inventory management is “to meet or exceed customers’ expectations of product availability with the amount of each item that will either maximize your...
by Jon Schreibfeder | Jul 15, 2020 | Analysis, Best Practices, Forecasting, Physical Inventory – Cycle Counting, Replenishment Parameters, Stocking Decisions, Vendor Managed Inventory
Inventory Management with COVID-19, Part 8 Component and Raw Materials Needs Many organizations assemble or manufacture finished good products. Historically, it has been common practice to record the quantity of the component parts and raw materials used in creating...
by Jon Schreibfeder | Jul 10, 2020 | Best Practices, Forecasting, Order Cycles, Physical Inventory – Cycle Counting, Replenishment Parameters, Replenishment Source, Stocking Decisions
Inventory Management with COVID-19 Part 7 The Economic Order Quantity (EOQ) In the last two newsletters we have examined your costs of carrying inventory and replenishing inventory. You must know both of these costs to help determine the “best buy quantity” of an...
by Jon Schreibfeder | Dec 1, 2019 | Analysis, Best Practices, Forecasting, Order Cycles, Physical Inventory – Cycle Counting, Purchasing, Replenishment Parameters, Replenishment Source, Stocking Decisions, Warehousing
How Much You Should Buy – Part II Last month we began a discussion of the economic order quantity (EOQ) formula. The economic order quantity is a mathematical equation. It will always provide the replenishment quantity that provides the lowest total cost. That is, the...
by Jon Schreibfeder | Oct 15, 2018 | Physical Inventory – Cycle Counting, Technology
Over the past three months, we have discussed the advantages of implementing warehouse management systems. This month we will explore how a WMS (warehouse management system) can help maintain an accurate inventory. It is critical that the quantities of an item in a...
by Jon Schreibfeder | Sep 16, 2016 | Order Cycles, Physical Inventory – Cycle Counting
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 inventory management leads you to reorder products when...
