Jon Schreibfeder is president of Effective Inventory Management, Inc. Jon "grew up" in a family-owned pipe, valve, and fitting supply house. He studied inventory management with industry "gurus" such as Alan "Buddy" Silver and Gordon Graham. Jon has designed several inventory management computer systems and has also served as a distribution industry "troubleshooter" for two major computer companies. Over the past eighteen years, Jon has helped hundreds of hard-goods distributors improve their productivity and profitability by leading them through the implementation of effective inventory management systems.
Author of the Effective Inventory Management Guide series, Jon is a regular contributor to industry publications such as Modern Distribution Management, The Wholesaler, Electrical Wholesaling, Outlook, Sanitary Maintenance, and Contracting Profits. Jon is also the "Subject Matter Expert" in inventory management for the American Productivity and Quality Center, and he serves on the Controller's Advisory Board of Practitioners Publishing Company. He is often a featured speaker at conventions and inventory management seminars throughout North America.
Thursday, May 7, 2009
Inventory Management in the Caribbean and Latin America
Inventory management, or inventory control, is an attempt to balance inventory needs and requirements with the need to minimize costs resulting from obtaining and holding inventory.Organisations in Latin America, the Caribbean, Bermuda and the Bahamas have many factors to consider in looking at the overall management of inventory. A great prcentage of goods/materials are sourced from North - South America/Europe and Asia. This necessitates near expert knowldege on financials/shipping/insurance/lead times and quality control before the goods even arrive at your facility. No just in time inventory management here. Considerable lead times are the norm, getting this wrong can not only lose customers but put your company at severe risk. This calls for even greater warehouse/facility management, better understanding of your ordering system and parameters. More training for buyers, warehouse personnel. With so much at stake you cannot afford to get one aspect wrong. We have extensive experience in the Caribbean/Latin America..
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