About this episode
Inventory can make or break a business, but managing it isn’t just about crunching numbers—it’s about strategy.
In this episode, we're joined by the inventory legend, Jon Schreibfeder, President of Effective Inventory Management (EIM) and author of Achieving Effective Inventory Management (now in its 7th edition).
With over 45 years of experience guiding thousands of companies worldwide, Jon shares practical insights that help businesses rethink their approach to stock.
Resources
Key Takeaways
- Inventory selection matters: Only stock items that align with customer demand and business goals to avoid waste and obsolescence.
- Forecasting is a skill: Many businesses struggle with predicting demand accurately, often due to ignoring trends, lead times, or safety stock adjustments.
- Obsolete and excess stock need strategy: Regularly review, identify, and responsibly liquidate unwanted inventory through secondary markets or discount channels.
- Warehousing and process habits are key: Organized storage, cycle counting, and efficient team routines improve accuracy and reduce downtime.
- Leverage technology and KPIs: Inventory software and automation help streamline replenishment, track performance, and measure success effectively.
Special guest Jon Schreibfeder
Jon Schreibfeder is the founder of Effective Inventory Management, Inc. (EIM), established in 1996 to help manufacturers, distributors, and retailers maximize their investment in inventory.
Over 45 years, he has assisted more than 3,000 firms in improving productivity and profitability and is the author of numerous books and articles, including Achieving Effective Inventory Management – now in its 7th Edition.
A sought-after speaker and faculty member at the University of Innovative Distribution, Jon remains actively involved with EIM clients and serves on the Board of Advisors for Inspiring Better Business, supporting entrepreneurship in developing countries.
Highlights
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