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The Inventory Mentor

Page 4

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Your inventory spreadsheet is outdated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

NETSTOCK at Sage Summit 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... Read More

Moving on from your inventory spreadsheet

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?... Read More