by Jon Schreibfeder | Feb 12, 2025 | Best Practices, Forecasting, Replenishment Parameters, Stocking Decisions
Determining Whether to Buy or Transfer a Product By Jon and Matt Schreibfeder This month we continue our series on the 15 steps to achieving the goal of effective inventory management. That is “to meet or exceed your customers’ expectations of product availability...
by Jon Schreibfeder | Jan 15, 2025 | Best Practices, Forecasting, Order Cycles, Replenishment Parameters, Stocking Decisions, Warehousing
Developing and Maintaining Your Approved Stock ListBy Jon and Matt Schreibfeder The goal of effective inventory management is to “meet or exceed customers’ expectations of product availability while maximizing your organization’s net profit or minimizing your total...
by Jon Schreibfeder | Oct 15, 2024 | Best Practices, Forecasting, Order Cycles, Stocking Decisions
Understanding How You Rank ProductsBy Matt and Jon Schreibfeder Ranking is the process of classifying your products. We just received an email from a distributor asking what percentage of their inventory dollars should be invested in “A” ranked products? They were...
by Jon Schreibfeder | Sep 15, 2024 | Best Practices, Forecasting, Replenishment Parameters, Stocking Decisions
Effectively Investing in Safety StockBy Jon and Matt Schreibfeder In a perfect world, forecasts of future customer demand for every product would be 100% accurate. Replenishment shipments of stocked products would always arrive on-time. But the world isn’t perfect....
by Jon Schreibfeder | Jul 15, 2024 | Best Practices, Forecasting, Order Cycles, Replenishment Parameters, Stocking Decisions
Thresholds and CeilingsBy Matt and Jon Schreibfeder Most ERP and forecasting/replenishment systems calculate replenishment parameters for every stocked item in each warehouse, store or other stocking location. That is, they suggest when to reorder products and how...
by Jon Schreibfeder | Jun 15, 2024 | Best Practices, Replenishment Parameters, Stocking Decisions, Warehousing
What is a Stocked Item?By Jon and Matt Schreibfeder The goal of effective inventory management is “to meet or exceed your customers’ expectations of product availability with the amount of each item that will maximize net profits”. We refer to the assortment of...
