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Showing posts from January, 2014

Keeping Your Inventory Investment Lean and Mean

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The largest investment for most distributors is the inventory on the shelves.  Taking the time to make sure it's lean and mean is a great way to keep cash flow moving and keep your business in top shape. The tools to do this are always evolving and to take advantage of the latest in data analytics,  The MDS Inventory Management system  offers up these new tools.  Using MDS you can use these tools to help calculate what items should be dumped from inventory and help inventory managers make the case that carrying costs of that inventory exceed the potential profit that that might have actually created. Tools to help you choose what items to make specials or overstock Inventory analysis kpi and item analysis Dead inventory analysis / KPI  Trending items analysis with trendlines for Number of times ordered , gross profit and carrying cost.  With our advanced inventory analysis KPI you can now see in real time what percentage of sales an item makes up over what ...

To Lot Control or Not Lot Control - Conversion is easy..

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Lot and Serial number control are a key element of new regulations about securing the US drug supply chain. B ut implementing lot control in a warehouse environment can be a sometimes tedious and or problematic process. Converting an item to lot controlled typically requires warehouse setups, software changes and upgrades and physical label changes for many distributors. So how can we stay in compliance without crippling warehouse through put and business operations? The answer is our new MDS Product Lot Conversion Utility. Rather than take an item off the shelves, remove it from open orders , change sales history or create a new item and transfer inventory. The MDS system now simplifies the process of setting up an item as lot controlled  and allows you to convert items on the fly without impacting business operations. By simply setting up some defaults for your lot or serial controlled item, you can convert you existing inventory to a lot controlled item and move your warehouse o...

Not Who's watching the store, What's watching the store..

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In the old days we used have someone watching the storefront to make sure nothing left the shelves without someone paying for it.   And today we have little tags on retail products and scanners to make  we don't leave the store with items we have not purchased, but for distributors the question now becomes: Not Who is watching the store, but rather What is watching the store..  As a distributor most of you struggle with making sure your profit margins are within the range you expect, but manually checking each invoice is a time consuming and poor solution. So how do you keep watch while allowing your business to grow?  With our new MDS ProfitWatch System you can have the system watch for items that fall with in a certain Gross Profit Range and either: Alert you to items on Profit Hold via email Create a Daily Report of exceptions Place the Order on hold so that no items will ship Place the Invoice on hold so that you ship the items but can adjust pri...