Effective Inventory Management

What Is Effective Inventory Management?

"Effective inventory management allows a distributor
to meet or exceed his (or her) customers' expectations
of product availability with the amount of each item
that will maximize the distributor's net profits."

Inventory is usually a distributor's largest asset. But many distributors aren't satisfied with the contribution inventory makes towards the overall success of their business:

• The wrong quantities of the wrong items are often found on warehouse shelves. Even though there maybe a lot of surplus inventory and dead stock in their warehouse(s), backorders and customer lost sales are common. The material a distributor has committed to stock isn't available when customers request it.

• Computer inventory records are not accurate. Inventory balance information in the distributor's expensive computer system does not accurately reflect what is available for sale in the warehouse.

• The return on investment is not satisfactory. The company's profits, considering its substantial investment in inventory, is far less than what could be earned if the money were invested elsewhere.

Effective Inventory Management, Inc. is dedicated to helping distributors provide outstanding customer service while maximizing the return on their inventory investment. All of our products, classroom instruction, and consulting services are designed to lead your company through the practical implementation of a successful inventory management system. Just as important, you will gain the knowledge necessary to enhance and modify your inventory system to meet your company's changing needs.

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