Tips for decreasing inventory levels without affecting your customers!
effective inventory reduction strategies that maintain customer satisfaction, emphasizing skilled personnel and structured processes
4 Keys to VMI Success
Before talking about the keys to achieving VMI (vendor managed inventory) success, the question is: what is VMI? VMI is a process where the supplier places purchase orders for their customers to agreed-upon metrics.
Achieving Inventory Velocity “and” Customer Delight
How can the Acme Company situation change with inventory velocity?
The $1 million dollar planner
With all the competing demands within a supply chain organization, a $1 Million Dollar Planner is the person that can see the bigger picture and communicate just how the company’s objectives can be achieved.
Cycle Counting
The main goal of cycle counting is to cycle through your inventory to ensure inventory accuracy on a consistent basis.
Forecasts are always wrong so why bother?
There is no downside in prioritizing additional time to forecasting - at the minimum; you'll have a better understanding of your customer's needs.
Customer Collaboration
Customer collaboration is always a good idea; however, leveraging customer collaboration during challenging economic times can be one of the keys to success.
Often Overlooked Options to Drive Revenue Growth
In today's new normal business environment, characterized by sluggish growth, tight liquidity, elevated customer expectations and a general theme of "more for less", there's no doubt revenue has to be a top priority. Add demographic trends, and revenue becomes a critical priority. As baby boomers begin retiring, spending will [...]
Is Your Inventory System Working?
In my experience in working with clients across multiple industries, geographies and sizes, I have no doubt that effective inventory management is far from a no-brainer, yet implementing a few secrets to success can yield dramatic bottom line results.
Bedrock Topic: Inventory Accuracy
Inventory accuracy is often overlooked, but it is vital to to bottom line business results. Although a bedrock topic, inventory accuracy is often overlooked in operations strategy discussions as it becomes an assumption or something that just should occur. However, I am constantly reminded of its vital importance and [...]