Inventory will appear to sway in terms of its counts — items will move in great volume for a while and then their demand will ebb for a time…like a pendulum swinging back and forth. SIMMS Inventory Management software has numerous tools that help you track these patterns of consumption. If you’ve had a special running that features such items, you are better off not stocking the full amount again as the scheduled end of the special approaches. Do this simple math: look at your largest order during the run of the special then subtract the current on-hand count for the item, and order this resultant number. It’s an old shipping trick that still works with modern ordering systems that allows for the pendulum to swing up again while preventing a major shortage (and somewhat more than minor panic). Contact KCSI today to learn how SIMMS can help you retain the unbroken supply chain that your customers deserve.
Tags: estimation, scheduling for special projects, supply chain management, supply-and-demand