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...
by Jon Schreibfeder | May 1, 2010 | Stocking Decisions
Today, most companies that distribute products are adding more new products to inventory than every before. Not only do these new items allow distributors to meet their customers changing needs, they also present the opportunity to penetrate new markets. Adding new...
by Jon Schreibfeder | Aug 2, 2001 | Stocking Decisions
In the past several months we’ve published several articles concerning the risk of new inventory items becoming dead stock. We’ve emphasized that you must carefully consider each new stocking opportunity. Unfortunately the decisions concerning stocking new...
