Inventory: The Good, The Bad and The Ugly
There’s always room for improvement in inventory management no matter the size of the company. Jon Schreibfeder, president of Effective Inventory Management and author of Achieving Effective Inventory, shares the first steps a company should take to manage its inventory. Schreibfeder was featured in a recent MDM Webcast, Inventory Management Best Practices for 2012, available at www.mdm.com/inventory.
For wholesale distributors, managing inventory effectively is essential for profitability. After all, the heart of most distributors’ businesses is the warehouse.
But not all distributors know how to effectively manage their company’s inventory, says Jon Schreibfeder, president of Effective Inventory Management, Inc., and author of Achieving Effective Inventory.
In the recent MDM Webcast, Inventory Management Best Practices for 2012, Schreibfeder presented an approach to separating inventory as a way of determining its profitability. In order to gain effective management over a company’s inventory, business leaders need …