Creating Detailed Customer Order Allocation Data for Yearly Volume Contracts

A guide on how to improve material planning using a more detailed volume allocation of customer orders. It is a common business practice to write up yearly contracts for the volume. Very often, this is done to extend volume discounts to the customer. That is obviously a benefit to the customer. The supplier benefits by knowing how much to budget for in terms of production through the year. They can also count on the revenue coming in.

By |2019-04-13T23:09:03-04:00August 21st, 2018|Inventory Management|
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How to Track Your Inventory Stock Out Levels Using These Severity Codes & Alerts

In an ideal world, your products would have on-shelf availability whenever your customer needs them. However, this is often not the case for many businesses. It’s also essential to note that, not all stock outs or out-of-stock(OOS) carry the same severity levels or require the same form of actions. In this blog post, we’ll discuss a simple coding system using descriptive analytics that can help you easily identify different severity levels for your stock out.

By |2023-05-31T13:38:30-04:00March 15th, 2018|Inventory Management, Memoirs of a Black Belt|
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Look beyond the Turnover Ratio! Here’s a Simple Way to Create an Effective Inventory Management Process

Use this simple tool for identifying areas of potential improvement in the business to create an effective inventory management process. This type of measurement allows for a more widespread understanding of the nature of inventory and fosters action to prevent a build-up of non-value-adding "drag".

By |2019-04-13T23:09:10-04:00February 20th, 2018|Inventory Management, Uncategorized|
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Who Should Take Ownership of Finished Product Inventory Management?

I mean who suffers directly when finished product inventory runs amuck by level, mix, or availability? Well, we all do, don’t we? After all, if we made it and can’t sell it, what have we done? Or, what if we promised it to customers but haven’t made it? Until we give finished goods velocity, no profits roll into the business meaning, no revenue (assuming when it sells, it gains velocity). Just think of the other side of the coin when it goes to the scrap heap for a write off (terminal velocity).

By |2019-04-13T23:09:18-04:00November 9th, 2017|Inventory Management, Memoirs of a Black Belt|
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Manufacturing Day 2017: [Infographic] The Evolution of Inventory Management Strategies

When you talk to any manufacturer no matter how large or small about their concerns, improved inventory management is bound to be a part of the conversation. To celebrate manufacturing day today, we thought it would be beneficial to take a closer look at how inventory strategy keeps evolving using an infographic from Arkieva based on research conducted by Aberdeen.

By |2019-04-13T23:09:20-04:00October 6th, 2017|Inventory Management, inventory optimization|
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