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The Inventory Mentor

Page 5

Are you a slave to your inventory planning spreadsheet?

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... Read More

More spreadsheet complexity results in bigger inventory problems

Previously in this series, we identified the hidden costs associated with using spreadsheets to plan your inventory, and we explored how important it is to have accurate, synchronised data and appropriate inventory planning inputs. Today’s... Read More

Problems with your inventory planning spreadsheet start with your data

In the first blog in this series on the hidden costs associated with using spreadsheets to plan your inventory, we covered how Excel has become the “planning tool of choice” for many businesses to handle... Read More

The hidden costs of using spreadsheets to plan your inventory

The vast majority of businesses use spreadsheets to do all or part of their inventory forecasting, planning, and purchasing. Even large businesses with very expensive ERP systems resort to extracting and manipulating data in order... Read More

Is poor management of your Inventory Management System a risk to your business?

Virtually every company that holds inventory to provide an acceptable level of service to its customers, has experienced the negative effects of both unhappy customers and the loss of a customer as a result of... Read More

Stockholding models and stock policy

In what way are these helpful? These terms are often used in conjunction with one another.  Let’s explore the relationship between them.  In the process, we’ll look at how and why Policy impacts on your... Read More

Supplier performance costing you money

Is supplier performance really important? To a great extent, improving customer fill rates while reducing the working capital tied up in inventory is achieved by managing the risk in the supply chain. In this blog... Read More

Is your inventory management system delivering value?

Despite using an Inventory Management System (IMS) are you still experiencing stock outs and excess inventory and suspect you are not getting full value from the system? The first point to clarify is that you... Read More

New items may be costing you a lot of money

Managing New items effectively There is hardly a business that does not find it necessary to launch new products from time to time. The shorter the product life cycle, the more frequently launches are likely... Read More

The pitfalls of excess stock disposal

Case study The Sales Manager had been under pressure to get rid of excess stock. He finally focused on the task and very successfully disposed of a large quantity of a particular item. To his... Read More