Inventory continued
haven't we had this type of notification all along?" Some
buyers prefer alerts in a daily end-of-day report, others as an
inquiry, and still others as an email as soon as the situation
is identified. The format doesn't matter as much as getting
the information. Tell your software people that you want
to immediately implement this critical reporting. Countries
need an early warning system to prevent attack from foreign
powers; you need one to protect something that is crucial to
the survival and success of your firm—your customer service.
About the Author
Jon Schreibfeder is the president of Effective Inventory
Management (EIM), a firm dedicated to helping
distributors, manufacturers, and large retailers maximize
the productivity and profitability of their investment
in inventory. EIM's distribution customers come from
diverse lines of trade and range in sales from $2 million
to $32 billion.
For more information, call 972-304-3325 or email
Schreibfeder at mailinfo@effectiveinventory.com.
November/December 2013 39
