by Jon Schreibfeder | Sep 15, 2014 | Stocking Decisions
To avoid a possible stockout, a product should be ordered as soon as its replenishment position or net available quantity (i.e., On-Hand – Committed on Current Customer Orders + Current Replenishment Orders) falls down to its reorder point or minimum stock quantity....
by Jon Schreibfeder | Feb 15, 2014 | Stocking Decisions
Our clients utilize a wide variety of enterprise resource planning (ERP) computer software packages. Most have the potential to maximize the productivity and profitability of an organization’s investment in stock inventory. But occasionally we run into a road...
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...
