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The hidden costs of using spreadsheets to plan your inventory

article by the NETSTOCK mentor

The vast majority of businesses use spreadsheets to do all or part of their inventory forecasting, planning, and purchasing. Even large businesses with very expensive ERP systems resort to extracting and manipulating data in order to generate forecasts, compute inventory levels, recommend orders, and track outstanding deliveries.
Friday, July 08, 2016/Author: Mark Eating/Number of views (503)/Comments (0)/ Article rating: 4.0

Are you a slave to your inventory planning spreadsheet?

Article by the NETSTOCK mentor

We have identified that there are hidden costs associated with choosing Excel as your inventory planning tool of choice, highlighted that the problems usually start with your data, and suggested that ever-increasing complexity impacts sustainable inventory outcomes.
Tuesday, April 26, 2016/Author: Mark Eating/Number of views (600)/Comments (0)/ Article rating: 5.0
Is your inventory management system delivering value?

Is your inventory management system delivering value?

Article by The NETSTOCK Mentor

Despite using an Inventory Management System (IMS) are you still experiencing stock outs and excess inventory and suspect you are not getting full value from the system?

The first point to clarify is that you in fact do have an inventory management system and not a stock control system.

Wednesday, April 06, 2016/Author: Mark Eating/Number of views (574)/Comments (0)/ Article rating: 5.0
Is poor management of your Inventory Management System a risk to your business?

Is poor management of your Inventory Management System a risk to your business?

Aticle by The NETSTOCK Mentor

Virtually every company that holds inventory to provide an acceptable level of service to its customers, has experienced the negative effects of both unhappy customers and the loss of a customer as a result of stock-outs. At the same time, there will be items in the warehouse that have become obsolete and have to be written off.

Friday, March 11, 2016/Author: Mark Eating/Number of views (648)/Comments (0)/ Article rating: 5.0

Stockholding models and stock policy

Article by The NETSTOCK Mentor

These terms are often used in conjunction with one another.  Let’s explore the relationship between them.  In the process, we’ll look at how and why Policy impacts on your inventory and whether or not the model is of any practical value to a business owner.
Tuesday, September 29, 2015/Author: Mark Eating/Number of views (1421)/Comments (0)/ Article rating: 5.0

Preventable causes of Stockouts

Stockouts almost always make it to the “worst nightmare” lists of businesses, and for good reason. Not only do they lead to lost sales, out-of-stocks also result in poor customer satisfaction and lower loyalty levels. Customers often feel let down when they encounter an out-of-stock message, and we know that as a business, the last thing you want is to disappoint customers.
Friday, August 07, 2015/Author: Mark Eating/Number of views (1037)/Comments (0)/ Article rating: 5.0
Inventory Management vs Inventory Control

Inventory Management vs Inventory Control

Article by the Netstock Mentor

As a business owner, you require an inventory management system that insures the next order you place is the right quantity both for you and your customers and for your business.


Frankly, without an inventory management system you do not know whether or not the next order that your Buyer or even you place, will result in excess stock or a stock out.

Wednesday, July 29, 2015/Author: Mark Eating/Number of views (1091)/Comments (0)/ Article rating: 5.0

Benefits of Inventory Optimisation

Inventory is what drives your company, but managing and keeping it at optimum levels is hard to do if you don't have the right tools. 42% of customers rates stockouts as one of there primary inventory concerns, while 37% worry they have excessive capital invested in inventory. Stockout of high demand items result in unhappy customers. Netstock can help you manage your inventory better, reduce your costs and grow your business.
Wednesday, July 15, 2015/Author: Mark Eating/Number of views (1586)/Comments (0)/ Article rating: 5.0

Is supplier performance costing you money?

Article by The NETSTOCK Mentor

When it comes to risk, we often have little factual information to work with.  Even when we are aware a supplier is “risky”, we may only have a very subjective perspective and are influenced by opinions and emotional factors. Our decisions are often biased on the basis of hoped for results with little fact to back it up.
Wednesday, June 17, 2015/Author: Mark Eating/Number of views (1073)/Comments (0)/ Article rating: 5.0
Inventory risks affecting your business?

Inventory risks affecting your business?

Article by the NETSTOCK Mentor

As the manager or owner of a business focused on providing customers with a high level of service while targeting a specific inventory value or stock turn, you will most likely have experienced the frustrations and difficulties in achieving the desired results.

So why is it such a struggle? Let's have a look at the details.

Wednesday, June 03, 2015/Author: Mark Eating/Number of views (988)/Comments (0)/ Article rating: 5.0
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