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MDM LinkedIn Group discussion: Many distributors rely on the wrong information to make sales forecasts.
Search Results for: Jon Schreibfeder – Page 5
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Survey shows supply chain professionals expect more difficulty in forecasting, budgeting, & planning.
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Availability of product and raw materials has become a challenge for some distributors as demand continues to improve. This article looks at the sources of the problem, the outlook for 2011, and how companies can improve forecasting in a volatile environment.
Manufacturers that had to make significant cuts to operations during the Great Recession are now struggling to ramp up, and some distributors are finding themselves unable to locate the product necessary to meet spiking demand.
"It takes time for companies who had to scale back to get back to the breadth of their product lines," says Norbert J. Ore, chairman of the Institute for Supply Management Manufacturing Business Survey Committee. "As a result, some companies have had spot shortages, particularly of components."
Nearly half (48 percent) of respondents to the annual MDM Reader Survey in November …
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In part 1, MDM's editors look at growing demand after a rough 2009, inventory challenges and labor trends. This report is based on interviews with dozens of distributors in different sectors. Part 2 along with the 2010 MDM Market Leaders lists of top distributors will appear in the June 10 issue of MDM.
A theme has emerged in our conversations with distributors over the past few months in preparation for the 2010 Distribution Landscape Report: For most, January through March sales picked up dramatically, and that sales trend seemed to be continuing into April and May.
While those increases were dramatic relative only to the steep declines in the first half of 2009, and sales levels for most are not even close to the peak levels of a few years ago, distributors' …
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Results indicate some distributors may be starting to rebuild inventories, albeit cautiously.
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As we emerge from a deep recession, demand shifts challenge distributors.
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Vendor Managed Inventory services are gaining ground. This article considers the challenges to implementing managed inventory programs, whether a manufacturer or a distributor is providing VMI to customer. MDM spoke to Fastenal and Updike Supply, as well as inventory expert Jon Schreibfeder and two vendors to gain perspective on current trends in VMI.
With uncertainty dominating the economic landscape, companies are continuing to look for ways to cut costs. Many have already cut staff and production to levels not experienced in decades. They have outsourced tasks that could be done for less outside of the firm. But what about inventory management?
More customers are showing interest in using inventory management services from their suppliers, according to those who supply those services. Many larger public distributors …
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Effective inventory management practices are gaining importance as distributors reduce inventory levels in response to demand drops and a renewed focus on cash flow. This article examines best practices for approaching the task.
In mid-November, sales for many distributors - with few exceptions - plummeted. Distributors were caught with excess inventory in an environment of much lower demand.
Many distributors are now working down inventory to maximize cash flow. And they have returned to a focus on the basics: accurate forecasting, reliable safety stock parameters, improving communication with vendors and getting a good handle on the product that is already in their warehouses so they can avoid overstocking.
A top concern for ...
In mid-November, sales for many distributors - with few exceptions - plummeted. Distributors were caught with excess inventory in an environment of much lower demand.
Many distributors are now working down inventory to maximize cash flow. And they have returned to a focus on the basics: accurate forecasting, reliable safety stock parameters, improving communication with vendors and getting a good handle on the product that is already in their warehouses so they can avoid overstocking.
A top concern for ...
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According to Jon Schreibfeder, president of Effective Inventory Management, distributors are taking a good hard look at their inventory management practices right now in light of uncertain economic conditions. In a recent interview with MDM, he said that effective inventory management practices can get lost in the shuffle when sales are soaring.
Schreibfeder told MDM:
"I cannot think of a sector that is not looking at their inventory and becoming more conservative about how they're stocking products. The challenge is that they still have to have what their customers need. They're putting in more thought and using more tools. A lot of distributors have a good set of tools in their ...
Schreibfeder told MDM:
"I cannot think of a sector that is not looking at their inventory and becoming more conservative about how they're stocking products. The challenge is that they still have to have what their customers need. They're putting in more thought and using more tools. A lot of distributors have a good set of tools in their ...
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Effective inventory management practices often get lost in the shuffle when sales are soaring. But distributors can improve profitability by tightening their inventory management practices. This interview reviews current inventory management trends. Jon Schreibfeder, president of Effective Inventory Management, spoke with MDM recently about how more distributors have recognized the importance of inventory management to their business success.
MDM: How are distributors currently approaching inventory management in light of uncertain economic conditions?
Jon Schreibfeder: People are really tightening their belts. They are much less likely to invest in speculative inventory. They are much more concerned about selling what they buy rather than ...
MDM: How are distributors currently approaching inventory management in light of uncertain economic conditions?
Jon Schreibfeder: People are really tightening their belts. They are much less likely to invest in speculative inventory. They are much more concerned about selling what they buy rather than ...
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