by Don Johnston | Sep 28, 2015 | Lead Time Reduction
When the computer ascertains which items should be ordered now, that is called a “reorder review”. This is often done for a single supplier at a time in preparation for sending an order to the supplier for a number of items. The amount of time between...
by Don Johnston | Sep 27, 2015 | Inventory Management Basics
Converting a quantity (e.g. stock on hand) to the number of days cover it provides is not quite as simple as dividing the quantity by the average demand per day. Consider an item which moves, on average, once per year and which is out of stock. The fact that item is...
by Don Johnston | Sep 23, 2015 | Lead Time Reduction
Reducing effective lead times is a good starting point for improving inventory management. One reason is that most improvements in that regard do not require any computer programming. Another is that, even if there are major problems hindering the achievement of good...
by Don Johnston | Sep 23, 2015 | Uncategorized
The first improvements which you should tackle are determined by their likely effectiveness and how quickly and cheaply they can be implemented. Many aspects of improving inventory management improvement will be dealt with in this blog. Don’t just concentrate on...
by Don Johnston | Sep 20, 2015 | Inventory Management Basics
When choosing an inventory system or ERP system, the first three things you need to do are to document all of your requirements, make sure that you have documented all of your requirements and make absolutely sure that you have documented all of your requirements. The...
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