Purchase Order Approval Process: Where the Gate Goes, What Waits

Controls Five small orders walk through the gate one big order cannot A purchase order approval is three decisions, not

Slow Moving Inventory: When to Reorder Less and When to Stop

Cash A slow SKU and a dying SKU look identical on the reorder list A reorder list is a list

Method The stock record is a claim. The shelf is the evidence. Cycle counting tests the claim without closing the

Inventory Owning four thousand units is not the same as having four thousand to sell A total inventory number answers

Receiving Receive the shipment, not the purchase order A purchase order is a request. A receipt is a fact. Those

Purchasing The decision and the document should not live in two different tools Working out what to order and actually

Purchasing Your supplier sells cases. Your forecast counts units. The number you need is 1,340 and the case holds 24,

Forecasting When you know something the sales data does not A trailing sales rate is a good starting position and

Reordering Which SKU to reorder first is a sort, not a meeting Every SKU already carries a number of days

Inventory planning Days of inventory on hand: one formula, two decisions Days of inventory on hand is units divided by