The Inventory Mentor

How do stock-outs affect your business and your customers? What is a stock-out, and what happens when it occurs?
 18 Oct 2016 - Stock-outs are commonly reported as the biggest single concern to businesses that supply customers with stock. Every time a customer requests to buy a product that’s stocked-out, there’s a good chance they’ll end up unhappy due to the stocking issue.…Read
Is the internet hurting your inventory process? The internet is killing my business 11 Oct 2016 - The traditional supply chain setup 20 years ago was so much easier to understand. Businesses had connections that supplied goods and they had customers that wanted to buy their stuff. The main duty of inventory planner was relatively simple: buy…Read
ABC Analysis How to create an effective ABC analysis 04 Oct 2016 - In an earlier post, we discovered that doing an ABC analysis on your inventory is probably a good idea. Not only will you be able to focus your energy on the items that have the biggest impact on your business,…Read
Is your inventory evolving beyond your management process? The evolution of your inventory planning solution 27 Sep 2016 - We regularly meet inventory planners who have created their own solution for inventory planning in their business. Most commonly, planners use some combination of data extracts, spreadsheets, and a form of calculations or pivots. These same people often complain that…Read
ERP Inventory Planning Does your ERP handle inventory planning? 20 Sep 2016 - When talking inventory planning, we often get some version of this basic question: “Doesn’t my ERP handle my inventory?” Since it’s a common concern, let’s take a look a typical ERP set up for a business that manages inventory. You’ll…Read
Classification Graphic Does your inventory need an ABC analysis? 12 Sep 2016 - Every day, we talk to people who manage inventory or are a C-level executive in their company who don’t know how to better manage their inventory. They frequently don’t even know where to start. Does that ring a bell for…Read
Inventory Spreadsheets Problems Your inventory spreadsheet is outdated 12 Aug 2016 - One of the daily can’t-miss shows in American media is Marketplace. It’s an absolute staple for both macro and micro analysis of the current financial and business climate, thanks in part to its likeable host, Kai Ryssdal — who has…Read
sagesummit2016 NETSTOCK at Sage Summit 2016 04 Aug 2016 - Our crew here at NETSTOCK just wrapped up a successful and busy Sage Summit 2016. As many of you know, we go to market as Sage Inventory Advisor in the Sage Software world, delivering affordable inventory optimization by coupling with…Read
dashboard_on_ipad-cmp Moving on from your inventory spreadsheet 05 May 2016 - We’ve covered the hidden costs, the data issues, the unforeseen complexities, and the workplace challenges that are directly related to managing your inventory on a spreadsheet. But the question remains: what are the other options? For businesses who have had…Read
bigstock-The-Man-Chained-To-The-Workpla-113272544-compressed Are you a slave to your inventory planning spreadsheet? 22 Apr 2016 - We have identified that there are hidden costs associated with choosing Excel as your inventory planning tool of choice, highlighted that the problems usually start with your data, and suggested that ever-increasing complexity impacts sustainable inventory outcomes. In today’s post,…Read
3 comments on “The Inventory Mentor
    3 Pings/Trackbacks for "The Inventory Mentor"
    1. […] been following the new series from the team over at The Inventory Mentor about inventory spreadsheets. Last week, they took a look at the issues around data and how […]

    2. […] you’ve been following along with the Inventory Mentor’s series on inventory spreadsheets like we have, you’ll be interested by their latest post. The […]

    3. […] stuck on a spreadsheet to manage their ordering, and that’s why we’ve been glued to The Inventory Mentor as they roll out their series on the hidden costs of inventory […]

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