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Reducing Excess Inventory

The five advantages of an effective ABC analysis

After you’ve spent time working out your inventory control processes, you can begin to improve your inventory in other ways. By leveraging the useful transaction data in your ERP system, you can better understand the... Read More

Incorrect levels drive excess inventory

It may seem a bit obvious to say that incorrect levels can lead to excess inventory, but let’s dive in on this for just a minute. Levels are determined by various planning inputs, and it’s... Read More

incorrect levels driving excess inventory

Hidden Causes of Excess Inventory (5 of 5)

Incorrect levels drive excess inventory It may seem a bit obvious to say that incorrect levels can lead to excess inventory, but let’s dive in on this for just a minute. Levels are determined by... Read More

Supplier causing excess inventory

Hidden Causes of Excess Inventory (4 of 5)

Supplier constraints lead to planning complications Dealing with suppliers requires some give and take. Even the best and most efficient suppliers out there will have some constraints that need to be accounted for to keep... Read More

Hidden Causes of Excess Inventory (3 of 5)

Is customer forecasting creating excess inventory? When we discuss forecasting with prospective clients, one common topic is customer forecasts. Many planners are adamant that they should create forecasts per customer, per product, per warehouse. The... Read More

Hidden Causes of Excess Inventory (2 of 5)

Are new items causing your excess inventory? Businesses need to move forward in order to avoid stagnating or becoming irrelevant, and for many businesses that means starting new product lines. It’s not always easy to... Read More

Hidden Causes of Excess Inventory (1 of 5)

Bad forecasts lead to excess Let’s start with the leading cause of excess inventory: bad forecasts. Lots of management types skip right past this one, thinking they don’t really use forecasts in the first place.... Read More

The 5 Hidden Causes of Excess Inventory

Is your business hiding some extra weight in the back of your warehouse where nobody goes? It’s a problem most business managers don’t like to think about.  We hide the excess in complex spreadsheets and... Read More