Companies with stock struggle daily with appropriate stock levels \u2013 they need to ensure enough items are in stock to satisfy the customers and on the other hand make sure any article isn\u2019t just piling up and ageing in the warehouse. The stock levels need to be optimized, but how to best achieve this? <\/p>\n
There are two things we have found to work best in practice \u2013 regular review and responsibility. <\/p>\n
What we mean with \u2018regular review\u2019 is really a weekly or a monthly (essentially as often as needed and reasonable in your industry) meeting where the stock levels are compared with sales, new minimum stock levels determined, action plans decided for slow moving goods etc. With this the stock levels are under a constant monitoring and provided that warehouse responsible personnel as well as sales and management team is involved, proper actions are decided and taken.
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\nUnder \u2018responsibility\u2019 we are talking about making people responsible for their stock levels. This works best in a company where there are essentially product managers, who have their own area of expertise and group of goods they are in charge of ordering, monitoring sales for etc. You can determine the preferred or needed stock levels for each group or subgroup and when those goals are achieved, the manager get extra bonus. So essentially you make their monthly pay dependable on how well they are able to manage the stock levels. Obviously there should be exceptions like force majeure, but that\u2019s the general idea however. <\/p>\n
It\u2019s like in everything else \u2013 make people responsible and make sure a good group of people is regularly checking up on things \u2013 works wonders!<\/p>\n","protected":false},"excerpt":{"rendered":"
Companies with stock struggle daily with appropriate stock levels \u2013 they need to ensure enough items are in stock to satisfy the customers and on the other hand make sure any article isn\u2019t just piling up and ageing in the warehouse. The stock levels need to be optimized, but how to best achieve this? There […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,42],"tags":[],"class_list":["post-2179","post","type-post","status-publish","format-standard","hentry","category-2-processes","category-2-2-stock-count"],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/2179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=2179"}],"version-history":[{"count":3,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/2179\/revisions"}],"predecessor-version":[{"id":2466,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/2179\/revisions\/2466"}],"wp:attachment":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=2179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=2179"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=2179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}