van stock management

Van Stock Management

Van Stock – Necessary evil or competitive advantage? Common in many SLA’s (service level agreements) are requirements for van stock management – where certain items are expected to be on the truck. Usually these are lists of required items normally provided by OEM’s, facilities management companies, end users, contractors, or other experts deemed worthy of knowing Read more about Van Stock Management[…]

REACS Profit

Inventory Carrying Costs

The impact of inventory carrying costs on the bottom line can be enormous, but all too often these costs are overlooked.  Why is this? Is it a belief that interest rates are low, so what’s the big deal? Perhaps the fact inventory carrying costs are not as obvious in the P & L as say, salaries Read more about Inventory Carrying Costs[…]

REACS Software - Inventory Carrying Costs

Inventory Optimization – Winners and Losers

Top 10 Reasons Why Distributors Carry Too Much Inventory Few businesses can claim they carry the right amount of inventory –  but what is the right amount? Depending who the question is posed to, the answers will vary from no on-hand inventory to overloaded shelves at every location. In a perfect world businesses would have just enough inventory on hand to Read more about Inventory Optimization – Winners and Losers[…]

REACS Inventory Optimization Software

What is Effective Inventory Management?

What is Effective Inventory Management?  Although subjective, most would describe effective inventory management as ‘the ability to optimize between service level goals and the investment in inventory required to achieve those goals’.  Translation: maximum service with minimum inventory. Effective inventory management requires the following: An understanding of what is important to your customers An ability to look Read more about What is Effective Inventory Management?[…]