Jon and Matt Schreibfeder write regularly on the inventory challenges facing distributors, manufacturers, and retailers. Practical insights, no filler.
Last month, we discussed how to properly calculate inventory turnover and the importance of viewing it as “the number of opportunities you have to earn...
One of the most common questions we receive is, “What is the average inventory turnover in my industry?” After some conversation, we realize that the...
Master Items can help organizations reduce item confusion and improve inventory replenishment when standard ERP functionality does not reflect the way their business operates. There...
By Matt and Jon Schreibfeder Most ERP systems maintain three perpetual quantities for each inventory item in each warehouse, storeroom, store or other storage facility:...
Today, there are 30 major ERP systems marketed to retailers, manufacturers anddistributors. In addition, there are literally hundreds of smaller packages offered to specificmarkets and...
One of our clients sent an email last week questioning why the calculated minimum stock quantity for a product with the following characteristics was so...
Over the last several months, we have been discussing various ways of reducing inventory without affecting customer service. This month, we are going to explore...
Unless you own a pet store, your inventory is not alive. It does not have feelings and won’t complain about working too hard. It is...
Rational Product RationalizationBy Jon and Matt Schreibfeder The goal of effective inventory management is to “meet or exceed customers’ expectations of product availability while maximizing...
By Matt and Jon Schreibfeder A client sent an email last month stating that he was running out of space in their warehouse(s). His company...
The Bravado of Artificial Intelligence By Jon and Matt Schreibfeder Companies need good software to manage their operations. Organizations can choose from literally hundreds of...
The Right Person in the Right PositionBy Jon and Matt Schreibfeder When we start to work with a new client, we often observe “inventory anarchy”....