by Jon Schreibfeder | Dec 15, 2013 | Stocking Decisions
For the past few months we have been discussing how to identify and dispose of your dead stock and excess inventory. This month we discuss how you can use the internet to help you turn your unwanted material into cash. There are several reasons why you should utilize...
by Jon Schreibfeder | Nov 15, 2013 | Stocking Decisions
Last month we started our discussion of disposing of dead stock and excess inventory. The first step was to identify this unneeded stock. This month we will discuss the actual liquidation process. What can you do with this stuff? Consider these options: Transfer...
by Jon Schreibfeder | Oct 15, 2013 | Stocking Decisions
Remember that inventory you buy is a “sunk” cost. You’ve paid for it. No matter what it’s worth now, your money’s still gone. Compare it to shares of stock you may purchase in a company. The securities have “paper” value but no real monetary value until they are...
by Jon Schreibfeder | Sep 15, 2013 | Stocking Decisions
This month we continue our discussion of evaluating your inventory investment. The goal of effective inventory management is to “meet or exceed customers’ expectations of product availability with the amount of each item that will maximize your net profit or minimize...
by Jon Schreibfeder | Sep 19, 2012 | Stocking Decisions
Last month we discussed the first step in the 12-Step Program to Achieve Effective Inventory Management, ensuring that all material movement is properly recorded. Now we are ready to move onto step #2, developing an approved stock list for each of your stores or...
by Jon Schreibfeder | Sep 1, 2012 | Stocking Decisions
In deciding what products to stock, remember our goal: “Effective inventory management allows a distributor to meet or exceed his (or her) customers’ expectations of product availability with the amount of each item that will maximize the...
