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Holste's "Sorting it Out" Blog

Calculating Inventory Levels Complicated By Shorter Product Life Cycles


Shippers Searching for a Better Inventory Management Tool

 
Holste

Editors Note: The following was originally published in Supply Chain Digest August 8, 2012. In response to the ongoing high interest in inventory management mythologies, we are republishing the article including a few minor editorial updates.

In today’s uncertain economy, product stability has become a causality of extreme market fluctuation and consumer caution. What was a trendy fast mover 3 months ago may be dead now. New products are launched, old ones are removed and demand for products change with the seasons. Shippers are therefore challenged to maintain an on-hand inventory of active products to satisfy fluctuating sales demand but, at the same time, not too much so as to keep total inventory from rising too high. The key question is “how much safety stock is needed”?


In his book, “Inventory Management for Small and Medium-sized Businesses”, published in 2009, Mr. Jyrki Salmivuori, of Salmivuori Consulting (www.salmivuori.fi) points out...

 
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Cliff Holste is SCDigest's Material Handling Editor,
and author of our Sorting it Out Column/Blog
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Logistics News : Calculating Inventory Levels Complicated By Shorter Product Life Cycles
Shippers Searching for a Better Inventory Management Tool
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Why the Time is Right for Labor Management Systems in Distribution




 

 
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Warehouse Management System (WMS) Resource Page
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Labor Management System (LMS) Resource Page
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Supply Chain Question: Calculating Distribution Center Capacity
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New Materials Handling Tech Notes
 

The first analytic reports for the materials handling and distribution industry.

This report: Advances in Conveyor Technology increasing System Flexibility

 
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Labor Management System
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Present by SCDigest Editor Dan Gilmore

View our Complete Labor Management System Resources Page

 
 
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