In the midst of this recession, many distributors are pragmatically reviewing their business plans and finances to determine their...
Stockroom and service truck inventory managers have typically stocked inventory so there’s always product to meet demand, even if it...
The Internet of Things (IoT) is a network of physical items with embedded sensors that exchange data with other systems ...
Since COVID-19 hit, demand for essential items skyrocketed, customers closed their facilities to outside sales reps, labor shortages worsened, and ...
Optimizing inventory on hand in a point-of-use location takes knowledge of inventory principles and formulas, as well as the tools ...
If you’re a stockroom manager, you know how the past two years have affected your job. With containers full of ...
Inventory optimization software replenishes stock automatically and manages inventory levels to cut carrying costs and eliminate the risk of stockouts. After only 45 days of use, eTurns’ TrackStock app can suggest optimal minimum and maximum stocking levels based on usage and lead times.
Summary: A definitive guide to setting stockroom min/max levels based on actual usage data from the point-of-use. This article defines Min/Maxes, how to calculate them, how modern VMI apps that track usage can optimize min/max levels, and what the financial benefits are to letting an auto-replenishment app like eTurns TrackStock dynamically set your optimized min/max levels based on your current usage.
Efficient distributors realize that the cost savings from reducing consignment inventory are both one-time and ongoing.
Squeeze cash out of inventories with an app that tracks inventory quantities, usage and demand. Here are 10 features that you need in a replenishment app.
