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.
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
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
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
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
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.
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
“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.”
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
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
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
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
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 firstname.lastname@example.orgRequest a Demo of Cutwater's AIM (Advanced Inventory Manager) Click Here … READ MORE
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
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
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