Blog - Page 3 of 3 - Cutwater Inventory Management

Cycle Service Level: A harsh way to measure

In the world of wholesale distribution, retail and pretty much any other business model, the number one goal is almost always customer satisfaction. Without satisfied customers a company cannot retain business and will eventually have to close shop. I recently came across an ongoing blog series from Arkieva that discussed this very topic. The blog article I discovered entitled, “Cycle Service Level Versus Fill Rate Service Level – Part One” brings up the topic of measuring satisfaction with the cycle service method. The first part of the blog explains exactly how a stock out occurs. It’s pretty simple. Whenever a product is not available on a shelf for a customer, this is when a product suffers from a stock out.… READ MORE

Inventory Sweeter Than Grandma’s Homemade Pie

Last November I read an article in Start your own Wholesale Distribution Business: Your step-by-step guide to success. I recently came across the article and thought I would elaborate on some of the topics shared. It’s really good, timeless advice. The title of the article is “How to Find the Inventory Sweet Spot in Wholesale Distribution?” written by the Entrepreneur Press and Bridget McCrea. I’d like to highlight and expand on some of the key points found in this article.

The overarching theme of this article is people (business owners) want to have a “lean” business. They want a business that hits the gym every day and is in pristine condition.… READ MORE

Inventory is a Taxing Job

As a wholesale distributor your inventory is your business. It is your life line to your customers. It is your bread and butter. It is your profit. Unfortunately it is also your most significant cost. Sometimes that cost can become overwhelming and hard to manage. But, a recent article I discovered, which can be found here, revealed another reason why keeping track of your inventory cost is so crucial to the success of your business. Reducing your inventory costs can significantly reduce how much you pay in taxes each year. It is not too soon to be considering how you can prepare your business for the taxing times ahead!… READ MORE

Friends Don’t Let Friends Get Stuck With Excess Inventory

Following my 3 part blog series covering 10 steps to right-size your inventory, part 1 of which can be found here, the next question you should be asking yourself is, “what do you do with all of this inventory?” In this blog series, we have discussed 7 of the 10 ways to get rid of the dead or excess inventory which has been identified by your analysis.

In this final segment of my three part series, (part 1 and part 2 can be found here) I will discuss the last 3 options you have to reduce your inventory.

Consider kitting: Consider packaging the product that is not moving with some other popular item and moving it that way.… READ MORE

4 Ideas On Getting Rid Of Dead Or Excess Inventory

Following my 3 part blog series covering the 10 steps to right-sizing your inventory, part 1 of which can be found here, let’s tackle the next question which is, “what do I do with all of this inventory?”

In the first piece of this 3 part blog series (here) I covered 3 ways to get rid of your dead or excess inventory. In this second part I would like to discuss 4 more suggestions to help reduce that inventory.

Consider moving to a different locationthKFECNJC7

The same item might be popular in one location and unpopular in another. If you are dealing with this situation, you might consider moving the product to the location where it is still selling.… READ MORE

10 Ways to Get Rid of Your Dead or Excess Inventory

Following my 3 part blog series covering the 10 steps to right-sizing your inventory (you can read part one here), it only felt natural to continue to explore the next part of the process. Once you’ve identified the non-performing portions of your inventory, the next question is, “what do I do with all of this inventory?”

It is always easier to find the problem than to solve the problem and maintain your inventory so the problem does not come up again. Dead inventory is always a struggle, in the back of many wholesale distributors’ minds, because it is a common belief that the inventory will be needed “someday.” The problem is, you don’t want to become a hoarder, keeping inventory that hasn’t moved in 6, 12, even 24 months.… READ MORE

Teddy Roosevelt’s advice to right-size inventory

In my previous two blog posts, I shared seven steps that a business can do to right-size inventory. You can read the first post here and the second post here. These ideas are mostly from my colleague Jane Lee’s write-up. In this final post, I will conclude this series with the last three steps. As Teddy Roosevelt said, “In any situation, the best thing you can do is the right thing; the next best thing you can do is the wrong thing; the worst thing you can do is nothing.” Following a full analysis of your inventory, it’s time to take action and use these 10 steps to right-size inventory.… READ MORE

Butler Bros. Industrial Suppliers Implements Cutwater Software Solutions

Cutwater successfully integrates with Butler Bros. Epicor P21 ERP to help “right-size” and provide insight into their inventory.

WILMINGTON, DE. – August 6, 2015 – Cutwater Solutions, the designer and provider of Cutwater AIM (Advanced Inventory Management) software, announced today that Butler Brothers, a leader in the machine tool and industrial supply business, has implemented Cutwater AIM to help “right-size” and give insight into their inventory.

Butler Bros. has been serving customers, and filling their machinery and industrial supply needs for over 50 years. With their main location in Lewiston, Maine, this humble family business has grown steadily into a much larger business. With a growing business and new locations it can be difficult to keep track of inventory at their four locations.… READ MORE

Four More Steps to Right-Sizing Inventory today

Last blog post, I shared three steps for a business who is right-sizing inventory. You can read that post here. As I mentioned in that blog, these ideas are mostly from my colleague Jane Lee’s write-up. In this post, we will continue the conversation and talk about the next four steps for right-sizing your inventory. 

right-sizing inventory planning

Step 4: Identify and make plans for nearly worthless inventory.

In addition to the obviously worthless inventory in Step 2 in the previous post, there is usually a large amount of material for which there may be some demand, but not nearly enough to draw the inventory down in a timely manner.… READ MORE

Need help knowing where to begin to make inventory improvements?

shelves“After only 5 months, we have seen a 24% reduction in our inventory levels; at the same time, our sales are up dramatically; Cutwater is making a substantial difference in our inventory cost.”

WILL SNOOK

FOUNDER AND PRESIDENT OF

TRAFFIC SAFETY STORE

 

Most companies have two challenges: too much of the wrong stuff and not enough of the right goods.

  Excess inventory takes up valuable space, is expensive to maintain, and may become obsolete.     Insufficient inventory leads to lost sales and unhappy customers.

Knowing where to begin making inventory improvements is not easy; sustaining them may seem impossible!  

Try Cutwater’s Advanced Inventory Manager

Cutwater’s cutting edge inventory management solution for Prophet 21 users enables planners to identify inventory issues and to make informed decisions concerning this delicate inventory balancing act.… READ MORE

7 Distribution Center Metrics to Understand

Measure twice, cut once. It’s a simple concept. It emphasizes the importance of being accurate and measuring correctly and effectively. This little saying is most often used when discussing construction but it can easily be applied to the world of distribution. Distribution centers know metrics are important in their industry, they just don’t know where they should put their focus. In this blog based on an article I recently read, I will discuss the most crucial metrics for a distribution center to pay attention to. The metrics can be split into 7 separate categories as determined by Adam Robinson in his article in Cerasis. You can read the full article here .… READ MORE

Three steps to right sizing your Inventory

In this three part blog-post, I want to give some helpful hints to inventory planners in terms of right sizing inventory.  Please note that I used the phrase right-size, not reduce. This is because unless you are running a 100% make-to-order business, you will need inventory to meet the customer’s expectations. That is how the business makes money; by meeting customer’s needs in a timely fashion. Inventory allows us to do that. Inventory can be explained as a by-product of the imbalance between supply and demand. Too much supply not accompanied with appropriate demand will leave you with excess inventory, forcing you to find ways to get rid of it, often at discounted prices and even at a loss.… READ MORE

Sunroof Express Selects Cutwater Software Solutions

Cutwater successfully integrates with Sunroof Express to increase on-hand accuracy and improve visibility of trending items.

WILMINGTON, DE. – July 21, 2015 – Cutwater Solutions, the designer and provider of Cutwater AIM (Advanced Inventory Management) software, announced today that Sunroof Express, a leader in sunroof and T-top replacement, has implemented Cutwater AIM to improve the visibility of their inventory.

Sunroof Express has been serving customers, and fulfilling their roof panel and convertible top glass replacement needs for over 20 years. Located in Troy, Michigan, Sunroof Express’ expertise with cars and auto insurance companies has allowed them to thrive. With such a trend-based industry, Sunroof Express was looking for a tool that would help increase their visibility and have a more accurate interpretation of their inventory.… READ MORE

Epicor Prophet 21 Connect 2015 – World Wide User Group Meeting

connect 2015

Cutwater looks forward to meeting Epicor P21 users in New Orleans at the annual P21WWUG Connect where members come to learn, socialize and make connections.  

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 our Booth #201 to see Cutwater AIM in action and attend our vendor session ““Reduce Inventory and Increase Sales” on Monday, August 24 at 9:10am.  

Need help knowing where to begin to make inventory improvements? … READ MORE

Cutwater Enjoys Microsoft Convergence 2015!

Cutwater Enjoys Microsoft Convergence 2015

Thank you for making Cutwater Solutions one of the most visited booths at Microsoft Convergence in Atlanta this year.

We enjoyed meeting so many great Dynamics users and are excited by the enthusiastic responses from those who saw a demo of Cutwater’s inventory tool in action!

We would like to congratulate David Morinello and Alexander Kinsora on winning the Ethos QX130 flying quadcopters from Cutwater’s client, Hobbytown.

For more information on Cutwater’s money saving inventory tool contact Eric at ejensen@cutwatersolutions.com

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

Traffic Safety Store Successfully Implements Cutwater Software Solutions

Cutwater helps nationwide distributor of traffic and safety supplies manage inventory and purchasing

WILMINGTON, DE. – February 23, 2015 –   Cutwater Solutions, the designer and provider of Cutwater AIM (Advanced Inventory Management) software, announced today that Traffic Safety Store, the nation’s largest specialty supplier of traffic safety supplies, has implemented the AIM product to manage the company’s inventory.

Traffic Safety Store is known for being one of the first companies to utilize the internet to bring traffic control products to those in need, Traffic Safety Store has grown to process over 75,000 orders, outfitting thousands of public and private projects throughout the United States.

“We wanted more clarity with our inventory data,” said Will Snook, founder of Traffic Safety Store.… READ MORE

Microsoft Convergence 2015

Microsoft Convergence 2015

Convergence is that one moment in time when the Microsoft community members come together to share “Aha!” moments. It’s their chance to network with other users, see things for the first time, learn about the latest features and updates, get answers to tough questions from Microsoft product experts, and find new ways to stay ahead of their competition.

Date: March 16 -19, 2015

Location: Atlanta, GA

Stop by Booth #1551 to see Cutwater AIM in action!

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

The Winner from the P21 Connect2014

And the winner from the P21 Connect2014 world-wide user group meeting in Dallas, TX is…… Tom Anthony of Norfolk Wire & Electronics in Virginia Beach, VA!

Tom is the winner of the Ethos QX130 flying quad copter sold by a Cutwater client, HobbyTown USA!

Cutwater was proud to again sponsor the P21 user group meeting and to meet so many of this years’ attendees. For more info or a demo of Cutwater’s cutting edge inventory tool, contact Eric at ejensen@cutwatersolutions.com.

P21

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

Print

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

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