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how-to-reduce-inventory

How to Reduce Inventory 10% in 90 Days

In distribution, managing inventory is a beast. Competition is relentless and supply, wickedly unpredictable. So you stock up. At some point, executives notice the high cost of this and demand an urgent inventory reduction....
replenishment-optimization-solution

Replenishment Optimization: 5th Essential Step to Expert Demand Planning

Maintaining a proactive, accurate order quantity is the end result of great inventory component management. Thanks to replenishment optimization technology, what used to be a function of tireless hours spent each day manually constructing...

The Role of AI in Pricing Strategy

Pricing shapes demand and demand shapes pricing. Traditionally, the two were much more separate discussions. Today, the power of AI creates an opportunity to blend pricing strategy with demand forecasting to create a value multiplier...
moving-inventory-teams-from-defense-to-offense

Moving Your Inventory Team from Defense to Offense

Today in Episode 10 we are sitting with two former inventory analysts who have now evidently turned into offensive coordinators! Welcome, Sven Aunapu and Dan Craddock. Sven is Director of LifeLine Services and Analytics, joined by...

Special Order Analysis: 6th Essential Step to Expert Demand Planning

You’ve taken care of your customers’ needs. You’ve created your replenishment order, but you left a few stones unturned... What about those Special Orders? Before you send the replenishment order to your supplier, don't...

Service Level Management: 4th Essential Step to Expert Demand Planning

Wouldn't it be nice if calculating safety stock wasn't such a crap shoot? The biggest conundrum in demand planning is Service Level Management and how to calculate safety stock so that the company can...
order-cycle-optimization

Order Cycle Optimization: 3rd Essential Step to Expert Demand Planning

Happy Friday and Welcome Back to the Series! We've been talking about the 7 components it takes to get demand planning right. Today it's Step #3, Order Cycle Optimization. Before we get started, we need to...

Lead Time Forecasting: The 2nd Essential Step to Expert Demand Planning

Welcome back to our '7 Essential Steps' Series! We hope you enjoyed last week's post on demand forecasting. Today it's onto the 2nd essential step of 'getting it right' in the purchasing process... Lead Time Forecasting!  Lead...

Demand Forecasting: The 1st Essential Step to Expert Demand Planning

Let's face it. When you are out of stock, it's the buyer's fault. When you are overstocked, it's the buyer's fault. And should anything go right, it is thanks to the Sales Department! You can change...
cost-of-fixed-cycle-buying

Kicking the Expensive Habit of Fixed Cycle Buying

Fixed Cycle Buying is the silent producer of excess inventory. Your suppliers that have been set to replenish on a fixed cycle like ‘every Monday’ or ‘every other Wednesday’ are tying up 20% or more...

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