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...
by Jon Schreibfeder | May 2, 2001 | Stocking Decisions
You want to stock the products that your customers request most often in your warehouse(s). But what about products with sporadic sales, or no sales at all? A recent article (not by this author) suggested that you should discontinue and liquidate the stock of any...
by Jon Schreibfeder | May 1, 2001 | Stocking Decisions
Purchased inventory 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...
by Jon Schreibfeder | May 5, 1999 | Stocking Decisions
The Inventory Actuarial Table Most distributors carefully consider each new purchase of capital equipment. Every truck, desk, and computer purchased must have the potential for increasing profitability of the company. After all, money doesn’t grow on trees, and...
