How to Manage Consignment Inventory: Common Mistakes, Best Practices and Choosing the Right Technology
By Ron Schroeder, VP of Supply Chain, eTurns When distributors stock and manage inventory onsite with their ...
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Many distributors resist offering consigned inventory; the challenges of managing that inventory at a customer’s site is one of the most common reasons for that reluctance. It’s true that managing consigned inventory can be a nightmare, but with the right customers and products, and smart planning, it can also be a dream come true.
It’s also vital to manage consigned inventory with an automated replenishment system – when consigned inventory management is done manually there are too many opportunities for error. But when distributors manage it with an automated replenishment mobile app, same-customer revenues can increase by up to 30 percent.
Using technology to manage consigned inventory also increases accountability at the customer location, providing greater peace of mind for the distributor.
To learn more about eTurns CEO Rock Rockwell’s Do’s and Don’ts for successfully managing consigned inventory, read his guest post in MDM.
By Ron Schroeder, VP of Supply Chain, eTurns When distributors stock and manage inventory onsite with their ...
Read Post
Consignment is helping manufacturers navigate complex supply-chain challenges with distributors' help. Guest article in Industrial Distribution by eTurns CEO Rock Rockwell Typically, ...
Read Post
Typically, when you think about consignment, you think of distributors offering the service to manufacturers so they can save cash ...
Read PostBy Ron Schroeder, VP of Supply Chain, eTurns When distributors stock and manage inventory onsite with their ...
Read PostTypically, when you think about consignment, you think of distributors offering the service to manufacturers so they can save cash ...
Read Post
One eTurns TrackStock customer, an electrical distributor with $7.5 billion in revenue last year, uses our software in an exemplary ...
Read PostBy Ron Schroeder, VP of Supply Chain, eTurns When distributors stock and manage inventory onsite with their ...
Read PostConsignment is helping manufacturers navigate complex supply-chain challenges with distributors' help. Guest article in Industrial Distribution by eTurns CEO Rock Rockwell Typically, ...
Read PostTypically, when you think about consignment, you think of distributors offering the service to manufacturers so they can save cash ...
Read PostBy Ron Schroeder, VP of Supply Chain, eTurns When distributors stock and manage inventory onsite with their ...
Read PostOne eTurns TrackStock customer, an electrical distributor with $7.5 billion in revenue last year, uses our software in an exemplary ...
Read Post
Customer managed inventory (CMI) technology is far faster for inventory replenishment, eliminates price shopping and reduces the risk of error, ...
Read PostBy Ron Schroeder, VP of Supply Chain, eTurns When distributors stock and manage inventory onsite with their ...
Read PostConsignment is helping manufacturers navigate complex supply-chain challenges with distributors' help. Guest article in Industrial Distribution by eTurns CEO Rock Rockwell Typically, ...
Read PostTypically, when you think about consignment, you think of distributors offering the service to manufacturers so they can save cash ...
Read Post