Inventory Accuracy Pitfalls
Solid Inventory Practices Remain Timeless
Are you keeping close tabs on your inventory management practices? Improving just one aspect of your inventory can lead to improved service, margins and cash flow. Inventory management remains a timeless and vital topic for success. Every so often, we get away from talking about it on a consistent [...]
Why Planning is at the Crux of Success
May 25, 2016 I just had a brainstorming session with one of my key clients about the integrated planning process - in essence, how demand and supply match up to ensure customer service (which is #1 for every client in today's environment), growth, and improved margins and cash flow. [...]
Inventory As a People Topic
Why We Should Pay Attention to Inventory
May 12, 2016 I presented on "Inventory Accuracy Remains Core to Success" at ASQ (American Society of Quality) Palomar tonight, and we had great questions and discussions on why inventory is important for success. In essence, it boils down to 3 C's - cost, cash and customer service. What [...]
Plan the Work; Work the Plan
Which Planning Method is Best?
Use a combination approach to inventory management planning to promote growth, increase profits, free up cash flow and improve operational efficiency. I've incorporated three planning method options into a presentation on inventory management best practices. I've been receiving more and more requests for this topic as executives experience the [...]
Inventory Management Remains Core to Success
Inventory management may be a less exciting supply chain topic but it is the linchpin in a manufacturing or distribution business. No matter how many engaging conversations I have with clients, contacts and trade groups about emerging supply chain trends, the less exciting topic of inventory management often-times can [...]
Is Inventory Management Dead?
You can’t expect manufacturing or distribution success without securing base fundamentals such as inventory management. I received a note recently from one of my newsletter subscribers asking if inventory management is dead. He stated that he didn’t think there was a single session on inventory management at APICS 2015 [...]