Are Inventory Levels the Thermometer for Managing Your Company?

 

Inventory Levels

As a Phd in inventory optimization, I’ve started my supply chain career in adjusting inventory parameters with surgical precision. I was, and I still am passionate about applying statistics and advanced analytics to the supply chain domain. I’m still training supply chain experts on how to do this. I’m still involved in research where we redefine the boundaries of what science can do for you. Though I still believe that science can help, my biggest mistake was the assumption that it would be enough to change the game.

With a master mathematics, 5 years of experience in IT and an ongoing MBA, I arrived in the supply chain domain 13 years ago.… READ MORE

Effective Inventory Management: 5 Best Practices

One of the biggest challenges many wholesale companies face as they grow is figuring out how to manage inventory as their needs change and their product portfolio grows. Fortunately, there are some proven best practices that will help to cure some of those inventory headaches.

5 best practices

One of the biggest challenges to effective inventory management has to do with the nature of the inventory management function as part of the overall business. Manufacturing, procurement and sales activities directly impact inventory, and yet these departments may not all be actively involved in inventory management decisions.

Inventory is also affected by forces outside the company – the larger economic environment, changing seasons and trends, and resulting shifts in demand.… READ MORE

Managing Inventory Turns: More money for what you need!

Managing Your Inventory: The less money you have tied up in inventory in order to fill your distribution channels, the more money you will have to do all the other things a company needs done. Here’s how you can manage your inventory to your best advantage. 

Inventory Turns cartoon

With any distribution business, the less money you have tied up in inventory in order to fill your distribution channels, the more money you will have to do all the other things a company needs done — marketing, advertising, research and development, acquisitions, expansions, and so on. You need to turn your inventories as often as possible during the year in order to free up that working capital to do other things.… READ MORE

The 5 silent killers of cash flow

In an economy where the stakes are increasingly high and cash progressively scarce, business owners must pro-actively manage the balance sheet and income statement or risk falling victim to the five silent killers of cash flow.

Did you know that a majority of businesses that file bankruptcy reported a net profit, yet had negative cash flow? Often the warning signs that a company is in trouble go unnoticed until it is too late. A business can improve their liquidity and create long-term viability by looking closely at the following potential trouble spots.

silent killers of cash flow

The 5 silent killers of cash flow

Inventory Management. Driven by revenue growth, business owners can easily lose sight of the gradual increases made in their inventory levels.… READ MORE

12 Most Costly Profit Killers in Your Small Business

Running a business is no easy task. It takes time, money and good decision making. This article from Donna Marie Thompson on 12most.com highlights obstacles you want to try and avoid in running your small business. Enjoy!

costs

If your business strategy focuses solely on growing your business by expanding top-line revenues, take a closer look at your profit margins to ensure that your fair share of profits are actually reaching the bottom line. In many cases, you’re so busy selling, delivering, and putting out fires, your costs can silently creep out of control, with damaging effects on your business profits.

Here are 12 costly profit killers that can drain your profits faster than you ever thought possible.… READ MORE

Webinar – Inventory Planning: 10 steps you can take to reduce inventory and free up cash now

Cutwater Solutions will be a guest of the Prophet 21 World Wide User Group on an upcoming webinar for P21WWUG members on March 1, 2016.  The webinar is called, “Inventory Planning: 10 steps you can take to reduce inventory and free up cash now”. 

Join Sujit Singh of Cutwater Solutions and Special Guest – Pauline Cote, Operations Manager from Butler Bros. in Lewiston, ME as they discuss the concepts and processes of inventory planning and the tangible benefits that implementation can bring to your company.

Pauline Cote will share her experience with Cutwater Solutions and inventory planning at Butler Bros., highlighting how she uses Cutwater to augment Epicor Prophet 21 Distribution Software.… READ MORE

HOBBYTOWN, DISTRIBUTOR OF HOBBY KITS AND SUPPLIES, IMPLEMENTS INVENTORY MANAGEMENT SOFTWARE FROM CUTWATER SOLUTIONS

HOBBYTOWN, DISTRIBUTOR OF HOBBY KITS AND SUPPLIES, IMPLEMENTS INVENTORY MANAGEMENT SOFTWARE FROM CUTWATER SOLUTIONS

Cutwater Helps Franchised Retailer Manage More Than 4,000 SKUs

 

WILMINGTON, DE. – July 15, 2014 –   Cutwater Solutions, the designer and provider of Cutwater AIM (Advanced Inventory Management) software, announced today that HobbyTown, a full line of hobby stores, has implemented the AIM product to manage the company’s inventory.

Headquartered in Lincoln, Ne., the original home of the company, HobbyTown is the largest national franchise of hobby stores.  The company started franchising in 1990 and has since grown to over 160 locations nationwide, covering 42 states. In addition to traditional model kits, the company offers a unique selection of electronic and radio-controlled toys to a wide range of ages.… READ MORE

Epicor P21 Connect 2014

P21 Connect 2014

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Connect is where P21WWUG members come together from all across the world to learn, socialize & make connections with each other. Connect is an annual event organized by your Prophet 21 World Wide User Group board.

Cutwater’s AIM (Advanced Inventory Manager) provides a way to identify inventory that is out of line with demand – either too high or too low. It is designed so that management can quickly size up the opportunity in dollars, while the planners can get detailed, actionable reports.

Stop by Booth #23 to see Cutwater AIM in action!

Dates: September 21-23, 2014

Location: Dallas, TX

Booth Number: 23

Request a Demo of Cutwater's AIM (Advanced Inventory Manager) Click Here READ MORE