Why Inventory Management Can Save You Millions

Posted by: Mark Krantz Posted Date: 06/04/2014
When you have inventory sitting in a warehouse, it isn't just boxes. It's money. You wouldn't empty your personal bank account and lay it all over the floor, so why do that with inventory? With proper inventory management, you can eliminate that problem completely.
Through proper forecasting, you can potentially save millions for both you and your clients. You can eliminate the headache of over stock and under stock, and save yourself a substantial amount of time. What's more, the solution is simple, effective, and constantly evolving.
Forecasting
The problem with figuring out how much inventory should be on hand comes down to anticipating the market. This is frequently complicated by holidays and seasonal sales, and promotions but with proper forecasting those don't need to matter.
Instead, by applying knowledge of the industry with proven systems, you can accurately predict those kind of fluctuations simplifying the process and saving you time, money, and headaches.
Money Saving Software
With the implementation of computers into the inventory market, almost every aspect of the business has become cheaper, more efficient, and simpler. Those advances have been made better and better over the years, to a point now where you can increase inventory turns by up to a whopping 50%!
The Manhattan Associates replenishment software takes everything you could imagine into account, streamlining the entire business. From accurately forecasting holiday, seasonal, and promotional markets, to taking shipping lead-time into account, it can accurately predict how much inventory should be at hand and prevent you from getting into a dilemma with over stocking or under stocking.
For more information on the possibilities proper inventory management holds in store for you, please contact us today.

Software for Today's Inventory Managers

Posted by: Mark Krantz Posted Date: 05/15/2014
Businesses today are fortunate. Gone are the days when inventory was tracked on inscribed bones or tablets. Historians tell us that inventory control actually preceded writing, and that the development of accounting systems gave rise to more sophisticated forms of communication.
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Balancing service level goals across multiple channels of demand can be a daunting proposition. But with Replenishment, we can easily achieve this. Managing our distribution center efforts has really turned from an art to a science with Replenishment.

Drew Beck, Vice President                 Hawkeye Foodservice Distribution