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...
by Jon Schreibfeder | Nov 14, 2012 | Physical Inventory – Cycle Counting
I recently visited the distribution center of a large national hard goods distributor. This company is experiencing a significant problem with excess inventory in both their distribution center and their 100 store locations. We have to eliminate this excess...
by Jon Schreibfeder | Mar 15, 2012 | Physical Inventory – Cycle Counting
Counting inventory in your warehouse is neither a pleasant nor an easy task. Over the last four months we’ve discussed various methods of counting your products in order to maintain accurate information about what’s in your warehouse and available for sale. Last...
