September 9th, 2010 |
by Stephanie |
published in
Inventory Management, Inventory Optimization
Well, we’ve finally made it to the finish line. This is the final segment of our 5 Steps to Successful Inventory Management series. Over the past 5 weeks we have discussed tips regarding the ordering process, communication strategies, receiving inventory items, and audit invoices. Today, we graduate to reporting best practices. Segment & Sort Most [...]
August 25th, 2010 |
by Stephanie |
published in
Inventory Management, Inventory Optimization
Well, sports fans, we’re on the home stretch of our five part series entitled “5-Steps to Successful Inventory Management.” Today we discuss the fourth step: Auditing Receipt of Invoices. Of all the five steps (order process, communication, receiving inventory items, audit invoices, and reports), auditing invoices and vendor deals is the last chance in the [...]
August 18th, 2010 |
by Stephanie |
published in
Inventory Management, Inventory Optimization
Over the past three weeks, we have been discussing the 5 Steps to Successful Inventory Management (order process, communication, receiving inventory items, audit invoices, and reports). Weeks 1 and 2 highlighted the importance of streamlining your ordering process in addition to listing tips on how to effectively communicate your policies to vendors and employees. Today [...]
August 10th, 2010 |
by Stephanie |
published in
Inventory Management, Inventory Optimization
Last week, we kicked off our 5-step series regarding How to Successfully Manage Your Inventory by discussing some best practices to use during the ordering process. Today, we move on to the topic of communication. Of all the five steps (order process, communication, receiving inventory items, audit invoices, and reports), communication is the most important. [...]
August 3rd, 2010 |
by Joe |
published in
Inventory Management, Inventory Optimization
Today’s blog post kicks off our 5 Steps to Successful Inventory Management series which, as mentioned last week, we have been asked to present live at the 2010 Pacific Oil Conference (POC) in September. If you will recall, we listed the 5 steps in our previous posting: Ordering Process, Communication, Receiving Inventory, Invoice Audit, and [...]
January 15th, 2009 |
by Joe |
published in
General
Recent studies predict that c-store operators can expect to continue with moderate sales growth in 2009 with inside sales increasing anywhere from 3% to 5%. Sounds like a decent organic growth, right? However, given higher product and inventory carrying costs, this sales growth will equate to no real bottom line growth and, in fact, actually [...]
