Tag Archives: service level

Too Much or Too Little Inventory?

Gregory Hartunian Headshot

Smart Software President Gregory Hartunian

Do you know which items have too much or too little inventory? What if you knew? How would you go about cutting overstocks while still ensuring a competitive service level? Would you be able to reduce stockouts without incurring a prohibitively expensive inventory increase? How would these changes impact service levels, costs and turns—for individual items, groups of items and overall?

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Lessons From Superstorm Sandy

The destructive impact of Hurricane Sandy has been both staggering and instructive. Our thoughts and best wishes for rapid recovery go out to all who have suffered personal or economic loss or damage. Now, in Sandy’s aftermath, we find ourselves thinking about accelerating recovery and planning for the next unforeseen event.

Our work with clients in the heavily hit mass transit sector presented a sobering view of damaged infrastructure, heavy equipment, and losses of essential inventory. Those most affected have seen a crush of work as inventory managers take stock of what they have, what they need and procure a mountain of replacement parts and products. This uniquely massive replenishment cycle presents all sorts of opportunities and considerations. For those who are still in this phase, and to help our collective preparation for the Next Big Event, here are a few thoughts:

Morgan Drawbridge in South Amboy, NJ following Superstorm Sandy, damaged and strewn with wrecked watercraft

Morgan Drawbridge, South Amboy, NJ, following Superstorm Sandy
Photo courtesy njtransit.com

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