ALL OUR ACADEMIC KNOWLEDGE

We share all our academic knowledge based on the book "Inventory Management in Perspective" through our articles of Slimstock Academy Canada.

Published in Slimstock Academy - 13 December 2019

HOW TO DEFINE THE RIGHT AMOUNT OF INVENTORY

To define the amount of inventory required at any given time, we need to analyze four factors that influence the need for a larger or smaller inventory: The Inventory Strategy, Cost Structure, Management Variables and External Factors. THE INVENTORY STRATEGY This determines when and how much order has to be produced or placed with the
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Published in Slimstock Academy - 22 November 2019

HOW TO CALCULATE TOTAL INVENTORY COSTS

Knowing the right items to stock is important for your business, as is knowing the right quantity. After all, you can’t sell what you don’t have. The best way to calculate the right amount is with the help of a dedicated inventory management partner like Slimstock. However, if you’re not there yet, manually calculating the
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Published in Slimstock Academy - 19 November 2019

10 DIFFERENT TYPES OF STOCK IN YOUR WAREHOUSE

"Too much inventory value! Do something now to lower the working capital invested in the stock!" This exchange between Finance and Operations is as typical as it is challenging to execute. A request is made (or an order is given!) to free up working capital by optimizing inventory, without jeopardizing availability. But how? Reducing working
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Published in Slimstock Academy - 07 August 2019

LOGISTIC MODELS FOR CONSUMER CHALLENGES

Our purchase decisions can be based on two variables: Price and time. The more expensive the item is, the more time we can wait (for exclusivity). But, sometimes we are willing to pay more, to have our purchase delivered immediately. How could companies in today's world face the challenge of unpredictable consumers? In this article,
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Published in Slimstock Academy - 16 July 2019

PROFESSIONAL INVENTORY MANAGEMENT

Good or bad inventory management can have a direct impact within different areas of the companies. Our article today deals with the importance of professionalizing inventory management. Also, how different areas of a company influence the optimization of the supply chain. ARTICLES RECAPITULATION With excitement, we started a new cycle of Slimstock Academy Canada! We
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Published in Slimstock Academy - 04 July 2019

THE STRATEGIC INVENTORY MATRIX

The strategic inventory matrix is an essential tool to define a differentiated inventory strategy. This collaborates with the organization of the different classifications of articles. It will also help us to easily differentiate the relevant articles and create an inventory strategy according to the different classifications. In the latest publications related to Assortment Management, we
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Published in Slimstock Academy - 26 June 2019

REGULARITY OF SUPPLIER’S DEMAND AND BEHAVIOUR

In the previous article, we established the importance of classifying the materials within the company- to identify the most important items to the least relevant. However, in addition to the well-known ABC Classification, there are other beneficial mechanisms. The classification, according to the Regularity of the Demand and Behaviour of the Supplier, will help successfully
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Published in Slimstock Academy - 07 June 2019

THE CLASSIFICATION OF ARTICLES ABC / XYZ CORRECTLY

The classification of ABC / XYZ items is essential to identify 20% of the assortment, which generates 80% of the turnover in the business. Discover in the following article of Slimstock Academy Canada on how to make a classification of ABC / XYZ articles correctly. In the previous chapter "Introduction of New Articles and Prevention
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Published in Slimstock Academy - 28 May 2019

NEW ARTICLES AND THE PREVENTION OF INVENTORY OBSOLESCENCE

To improve the prevention of inventory obsolescence, it is essential to take into account factors that are unknown or not associated with the problem. For example, more than 25% of obsolescence comes from poor management in the introduction of new articles. In the previous articles, we talked about Client focussed business strategy, Supply Chain According
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REFERENCES

Wolseley
Reliance Home Comfort
Altrom Group
Drive Products
Mccaughey Consumer Products
Sonepar Canada
Chocolate Delivery Systems
Coastal Construction Products
Hardware Resources
Intcomex
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