Just a friendly reminder , Our Annual MDS User Group Meeting will be held on Monday, October 21, 2013.
Please Contact firstname.lastname@example.org for registration details and Hotel Arrangements. If you would like to arrange a private meeting for October 22nd during your visit you can register and request a meeting on your form.
So you go to the store and how many of us have heard that phrase from our kids? You buy the product and it sits on the shelf and no one ever uses it. Well at home it's only our budgets that get affected but as a distributor every time a salesman or an inventory manager tells you "We need it!!" , its costing you money..
One Solution to the problem... Come to our user meeting and learn how to find those items and clean them up using our Inventory Analysis Tools.
Inventory Management – This session will explore the expanded purchasing capabilities incorporated into MDS. The objective is to identify the vendors and products in need of replenishment. The Inventory Management module attempts to minimize inventory investment while reducing stock outs and backorders.
TSH Director of Professional Services, Julianne Rauco will be presenting our Inventory Management System including our Inventory Analysis Tool used to identify items that can be eliminated from inventory.
"The analysis identifies all stock items that are contributing less than 1%, or 5%, or
whatever level you select of the sales. You could get rid of all those items and risk
losing only 1% of the sales you experienced during the last 12 months. A branch
manager might really want to argue this statement. "We have to keep that stock
item to assure that we'll get the good stuff that Company X buys from us !" No
problem. Keep it. Keep every one of the items someone can give a specific reason
for retaining. But get rid of the rest. The fact is, they are contributing nothing!
- In too many distributor's inventories, as much as 30% or 40% of the total investment
may be below the 100% sales line. Zero turns per year. No sales activity at all.
Obviously, these are the candidates for disposition. Realistically, you should cut
more deeply. "
Items below the 98% sales line ought to be dropped from stock as a
Join us at our user meeting for more information on this and other important topics.