by Jon Schreibfeder | Aug 18, 2020 | Analysis, Best Practices, Forecasting, Order Cycles, Purchasing, Replenishment Parameters, Stocking Decisions, Warehousing
COVID-19 Newsletter #10 Assess Viability of New Products Before They Enter Your Warehouse By Jon Schreibfeder New products are continually being introduced to the marketplace. Unfortunately, many of these new items are “D.O.A.” or dead on arrival. That is, you do...
by Jon Schreibfeder | Aug 7, 2020 | Analysis, Best Practices, Forecasting, Order Cycles, Physical Inventory – Cycle Counting, Stocking Decisions, Warehousing
Inventory Management with COVID-19, Part 9 Develop Your Approved Stock List Remember that the goal of effective inventory management is “to meet or exceed customers’ expectations of product availability with the amount of each item that will either maximize your...
by Jon Schreibfeder | Feb 1, 2020 | Analysis, Best Practices, Forecasting, Order Cycles, Purchasing, Replenishment Parameters, Stocking Decisions, Vendor Managed Inventory, Warehousing
Key Metrics to Measure Inventory Management Success Inventory Turnover Last month we began our discussion of key inventory metrics with the customer service level. While the customer service level is probably the most important inventory measurement, inventory...
by Jon Schreibfeder | Jan 1, 2020 | Best Practices, Forecasting, Order Cycles, Purchasing, Replenishment Parameters, Replenishment Source, Stocking Decisions, Uncategorized, Vendor Managed Inventory, Warehousing
Key Metrics to Measure Inventory Management Success The goal of effective inventory management is to meet or exceed customer’s expectations of product availability with the amount of each item that will maximize your net profits. As they go through the daily process...
by Jon Schreibfeder | Dec 1, 2019 | Analysis, Best Practices, Forecasting, Order Cycles, Physical Inventory – Cycle Counting, Purchasing, Replenishment Parameters, Replenishment Source, Stocking Decisions, Warehousing
How Much You Should Buy – Part II Last month we began a discussion of the economic order quantity (EOQ) formula. The economic order quantity is a mathematical equation. It will always provide the replenishment quantity that provides the lowest total cost. That is, the...
by Jon Schreibfeder | Nov 1, 2019 | Analysis, Best Practices, Forecasting, Order Cycles, Purchasing, Replenishment Parameters, Replenishment Source, Stocking Decisions, Warehousing
How Much Should You Buy? Part 1 By Jon Schreibfeder Over the past several months we have been reviewing the basics of setting replenishment parameters to ensure that you achieve the goal of effective inventory management: meeting or exceeding your customers’...
