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
Choosing the best Inventory Management system
An all too common scenario: Your company carries inventory to satisfy customer requirements yet no matter how much time you spend trying to calculate the perfect quantity to order: You continue to experience the frustrations... Read More
Why do I always have Excess stock?
Identifying some excess stock items may be as easy as walking around the warehouse and identifying the products that have not moved for ages. Those dusty old piles are most likely the worst form of... Read More
I have applied the 9 steps to optimal ordering. Why is my inventory still out of balance?
Will the diligent application of the 9 steps to optimal replenishment orders we discussed in a previous blog post result in perfect inventory balance, high customer service levels and minimum inventory investment levels? The quick... Read More