The five advantages of an effective ABC analysis
In the previous post in this series, we showed you what you can do with an effective ABC analysis. In this post, we will show you the five most important advantages of using a good... Read More
What your customers go through when you stock-out
The general rule of thumb is gaining a new customer is more expensive than keeping an existing customer. Losing a customer hurts sales today while shrinking the company’s growth potential going forward. A customer’s expectations... Read More
What is a stock-out, and what happens when it occurs?
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... Read More
The Internet is killing my business
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... Read More
How to create an effective ABC analysis
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... Read More
The evolution of your inventory planning solution
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... Read More
Does your ERP handle inventory planning?
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... Read More
Does your inventory need an ABC analysis?
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... Read More
Your inventory spreadsheet is outdated
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,... Read More