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- Does Every Item Have To Be Stocked in Every Branch?
- Effective inventory management allows a distributor to meet or exceed his or her customer's expectations of product availability with the amount of each item that will maximize the distributor's net profits. This goal should be kept in mind, when deciding what products to stock. However, for this system to work,...
- White papers 1998-01-01
- Varying The Carrying Cost For Individual Products
- From the executive summary: ‘It is important to know the cost of carrying inventory. It is a critical factor in deciding what products to stock and when to re-order them, as well as the best quantity to order. Too often companies and organizations use an imprecise rule of thumb to...
- White papers 2003-01-01
- Your Ideal Inventory Investment
- In the contemporary business era, it is increasingly becoming imperative for organizations to evaluate the requirement of exact inventory at a given point of time. Accordingly, organizations can decide how much investment is to be made on the required inventory volume. The aforesaid strategies are essential to avoid the situation...
- White papers 2003-01-01
- Protect Yourself against Theft
- Employee theft is not a new phenomenon. There are, of course, some people who are truly thieves. And sometimes a distributor inadvertently hires one. Thieves usually don't see their long-term security tied to the success of the firm that employs them. Most often these individuals have a short-term goal: that...
- White papers 2003-01-01
- Are You Making Money?
- The article looks at how the material, one has in stock, is helping you meet your customers' expectations of availability while contributing positively to one company's bottom line. The stocked inventory can fall into one of three categories: The Good: The inventory that you stock that provides a positive return...
- White papers 2003-01-01
- A New Look at Measuring Customer Service
- A common measurement of the performance of stocked inventory is the customer service level. It measures how often the items one has committed to stock when customers want them. One can't improve the service provided to customers unless the failures are carefully analyzed. Review each customer service problem with the...
- White papers 2003-01-01
- Does Your New Inventory Contribute to Dead Stock?
- Today, most companies that distribute products are adding more new products to inventory than every before. Not only do these new items allow distributors to meet their customers changing needs, they also present the opportunity to penetrate new markets. Adding new products often fills management's brains with thoughts of higher...
- White papers 2003-01-01
- Cycle Counting Can Eliminate Annual Physical Inventory
- This article examines an alternative to the annual physical counting, called the continual cycle counting. A good plan for determining the frequency with which products are counted ensures that no items will be skipped, or counted more often than necessary. There are two methods for determining when to cycle count...
- White papers 1997-01-01
- Ensuring the Success of Physical Inventory
- This article looks at how to effectively administer the actual counting process of an inventory. Careful supervision and administration can result in an accurate count. The article examines the "better management" practices and determine how they can be adapted to fit into a company's procedures. The guidelines mentioned in the...
- White papers 1997-01-01
- Physical Inventory- How Can it be Made More Accurate?
- A physical inventory is the process of manually counting all the items in the warehouses. Most distributors conduct a physical inventory once a year. It is an expensive process that few employees enjoy. But, accurate balance information is necessary for both efficient use of sales resources and effective inventory management....
- White papers 1997-01-01
- Implementing Effective Inventory Management
- The article describes the characteristics required to be implemented in order to have a good inventory management. Implementing an information management system is a lot like painting a house. When you paint a house, the success of the job is dependent on the preparation of the surface before the paint...
- White papers 1997-01-01
- New Product Addition Analysis
- This article considers addition of each new investment in inventory. It also looks at some things an organization can do to minimize risk of each type of product "dying" in the warehouse without being sold. When new items are added to inventory, a company invests a part of its limited...
- White papers 2003-01-01
- Forecasting Future Demand of Products
- This article examines the method for forecasting the future demand for both seasonal and non-seasonal products. Products with different patterns of usage, and different replenishment methods require different forecasting formulas. We need more than one formula for non-seasonal products, and one formula for seasonal products. It's very important that each...
- White papers 1999-01-01
- When the Price Goes Down, How Much Do You Buy?
- Cost of an item is dependent on how much is purchased. The number of items purchased would also have an effect on the inventory carrying cost. The inventory carrying cost is directly proportional to inventory taxes and insurance. An organization can also experience inventory shrinkage (lost, damaged, or stolen material)...
- White papers 1999-01-01
- Forecasting Items with Long Lead Times
- A demand forecast is a prediction of the amount of each product that will be sold, transferred, used in an assembly, or otherwise consumed in the future. It's easy to see that inaccurate forecasts can cause major problems for a company. When forecasted demand is far below actual demand for...
- White papers 1999-01-01
- How Much Is Free Freight Worth?
- This article examines a process that determines whether or not placing a free-freight order is a good buy. There are instances where profitability can be maximized by paying the freight. The first question to be asked is, how much is free freight worth? It's the dollar amount on the freight...
- White papers 1998-01-01
- Achieving Lean Distribution
- From the executive summary: ‘Lean manufacturing is helping producers throughout the world reduce inventories, lower labor costs, and increase their overall efficiencies. The same concepts embraced by lean manufacturing practitioners can help distributors achieve the goal of effective inventory management. Effective inventory management allows an organization to meet or exceed...
- White papers 2003-01-01
Additional Resources
- Superior Customer Service Through Effective Inventory Management
- From the executive summary: ‘Competition continues to increase as new distribution channels evolve and existing distribution channels expand. This increased competition leads to decreased profit margins. Unfortunately, this situation also creates more demanding customers that require greater product availability and more value-added services. Because of the lower margins, most distributors...
- White papers 2003-01-01
- Midterm Supply Chain Planning Under Demand Uncertainty: Customer Demand Satisfaction and Inventory Management
- This paper utilizes the framework of midterm, multisite supply chain planning under demand uncertainty to safeguard against inventory depletion at the production sites and excessive shortage at the customer. A three-site example supply chain is studied within the proposed framework for providing quantitative guidelines for setting customer satisfaction levels and...
- White papers
- Retail Inventory Management When Records Are Inaccurate
- Inventory record inaccuracy is a significant problem for retailers using automated Inventory Management systems. While investments in preventative and corrective measures can be effective remedies, gains can also be achieved through inventory management tools that account for record errors. This paper considers intelligent Inventory Management tools that account for record...
- White papers 2005-11-10
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