What happens when a product–maybe that shoe or handbag your buyer thought would be a big hit–doesn’t sell as well as expected? Or the season is over and you still have a lot of lawnmowers or snow shovels in stock? Or a new version of a camera or flat panel TV is being released and you still have plenty of soon-to-be-outdated inventory on your store shelves and distribution centers?… Continue reading
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Archive for Inventory Management – Page 2
Kevin Smith, the President of Sustainable Supply Chain Consulting, gave an entertaining speech at the Descartes Global User Group Conference last month. Before starting his own consulting practice last year, Kevin spent eight years as the SVP of Supply Chain & Logistics, followed by a year as the SVP of Corporate Sustainability, at CVS Caremark Corporation.
One of the best ways companies can save money in the supply… Continue reading
I had the opportunity to see Carl Offhaus, Director of Supply Chain & Consumer Services at Stanley Black & Decker, speak at the IE Group’s Sales & Operations Planning Innovation Summit in September. Carl spoke about the techniques his company uses to manage end-of-life stock keeping units (SKUs).
Stanley Black & Decker is a $9 billion hardware and home improvement manufacturer. Carl focused his… Continue reading
I’ve been writing about the Demand Signal Repository (DSR) market a fair bit recently (see, for example, “How to Best Describe Demand Signal Repositories”). DSR solutions leverage a variety of different types of downstream data, including POS data, to power more robust and dynamic forms of replenishment.
As the saying goes, “everyone talks about the weather, but nobody does anything about… Continue reading
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Logistics Viewpoints: A Blog for Logistics, Supply Chain, and 3PL Executives
Copyright © 2012 All Rights Reserved
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Guest Commentary: Inventory–Not What It Used To Be
Remember when inventory was just something off the production line stored in a warehouse until it was pushed out to customers? In the past, companies worried about how much safety stock to keep, along with inventory turn rates and the associated carrying costs, but the most important thing was keeping production lines running, driving the most efficiency one could from the machines.
Fast forward to today, and those production… Continue reading
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