inventory management essentials for spi buyer direct
TRANSCRIPT
Inventory Management EssentialsLINDA SZYMANSKI
Master Scheduling• Hotlists – Filtering and Share Best Practices• Next Review Date• Minimum Order Quantity• Safety Stock• Backorder Cancels / Return Restock• Materials Planning
Master Scheduling• Analyze
• What worked / Opportunities• Plan
• Goals / Metrics• Improve on Opportunities• React
• Execute• Purchase orders• Manage - Backorder / Excess /
Out of Stock• React
Plan
Execute
Analyze
Hotlists
Hotlist – Filter to the Exception
• Vendor • Product• SKU
Item Buy Plan – SKU Hotlist
Materials Planning – Product / SKU
Suggested Requisition Hotlist
• Requisitions and contents created via SPO
• Discuss in the Suggested Purchase Order Session on Wednesday
Transfer Hotlist
• Listing of Transfers to stores or warehouses
• Discuss in the Suggested Purchase Order Session on Wednesday
Expedite Hotlist• Listing of orders to expedite • Discuss in the Suggested Purchase Order Session on Wednesday
Next Review Date• Many options
for use
Minimum Order Quantities
Product, Color or SKU Level
Unit or Cost
Minimum Order Quantities
Minimum Order Quantities
Safety Stock
Item Master Default• Backorder Cancels• Return Restock
Questions
