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    Problems with your inventory planning spreadsheet start with your data

    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 all or part of their inventory forecasting,... Read More

    The hidden costs of using spreadsheets to plan your inventory

    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 to generate... Read More

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

    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 stock-outs. At the same time, there... Read More

    Stockholding models and stock policy

    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 inventory and whether or not the model is of... Read More

    Supplier performance costing you money

    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 post, our focus is on “supply risk”. Read More

    Is your inventory management system delivering value?

    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? Read More

    New items may be costing you a lot of money

    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 to occur. Some businesses are dependent... Read More

    The pitfalls of excess stock disposal

    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 satisfaction, that huge pile in the warehouse was now... Read More

    Choosing the best Inventory Management system

    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: Read More

    I have applied the 9 steps to optimal ordering. Why is my inventory still out of balance?

    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? Read More