The Inventory Iceberg

Could the cost of carrying inventory sink your company? In 1912, the Titanic left England on it’s way to New York, but it never made it. The iceberg it hit in the North Atlantic, by most estimates, was only small to medium sized. But the message that iceberg sent was clear: No matter how large the…

Inventory SOOP

  Inventory Philosophy: K3S SOOP   We have all heard the saying, “You can’t see the forest through the trees”.  Have you ever stopped to think about what it really means? Sometimes you can be so close to a situation, you lose sight of the big picture. Nowhere is this truer than with inventory replenishment.…

Are high turns killing your profits?

  For years, finding the most successful distributor was easy. All you had to do was look at the number of times each year they turned over their inventory. The more their inventory turned, the less they were paying in carrying cost. The less they paid in carrying cost, the more profitably they could operate.…

One Thing

I remember watching the movie City Slickers several years ago. In the movie, Billy Crystal (Mitch) heads out west to a cattle ranch looking for an escape from his ho-hum, stuck-in-a-rut life. There is a scene where Mitch is talking to a cowboy (Curly) about his life and Curly gives him some advice. The exchange…