According to Jon Schreibfeder, president of Effective Inventory Management, distributors are taking a good hard look at their inventory management practices right now in light of uncertain economic conditions. In a recent interview with MDM, he said that effective inventory management practices can get lost in the shuffle when sales are soaring.
 
Schreibfeder told MDM:
 
“I cannot think of a sector that is not looking at their inventory and becoming more conservative about how they’re stocking products. The challenge is that they still have to have what their customers need. They’re putting in more thought and using more tools. A lot of distributors have a good set of tools in their software already. They just have never had the incentive to learn how to use them.”
 
For more on inventory management trends, read the full interview with Schreibfeder. Also, several articles on inventory management are available in the MDM Archives.