Comments on Charles' Purchasing Certification Blog: Purchasing and Inventory Management

Hi Ali, For complete information on how to earn yo...

2009-06-24T10:38:45.127-05:00

Hi Ali,
For complete information on how to earn your certification through Next Level Purchasing, please visit http://www.NextLevelPurchasing.com/spsm.html

or call us at +1-412-294-1990

or email us at help@nextlevelpurchasing.com

We are ready to assist you!

Hi . really intresting & quite useful blogs . can...

2009-06-24T04:15:33.434-05:00

Hi . really intresting & quite useful blogs . can you guide how we can get Certification from you .
Thanks &Regards
Ali .
india

can u post me lit. review of some other authors on...

2009-05-04T03:26:00.000-05:00

can u post me lit. review of some other authors on the subject of computerised stock control, defination and meaning,importance,basic computerised stock control system and their recommendation and conclusion

hi,how to adjust the beg.balance. if it is already...

2009-04-13T00:01:00.000-05:00

hi,
how to adjust the beg.balance. if it is already recorded.?

Hi Jimmy,There are many free articles on several o...

2009-02-23T14:01:00.000-05:00

Hi Jimmy,
There are many free articles on several of the topics you mentioned at http://www.NextLevelPurchasing.com/free.html

Please help me with the following a)Inventory Mana...

2009-02-21T09:39:00.000-05:00

Please help me with the following a)Inventory Managment and Costs
b)Cost reduction measures
c)Vendor developments
e)Inventory Logistics

Hi i am jimmy from India

Thanks for stopping by, Radhakrishnan.

2009-02-06T10:43:00.000-05:00

Thanks for stopping by, Radhakrishnan.

Dear Charles,I am Radhakrishnan from India. I hav...

2009-02-06T07:35:00.000-05:00

Dear Charles,

I am Radhakrishnan from India. I have gone through your blog and found quiet interesting. You have explained Safety stocks and EOQ calculation in simple way even layman can understand. I will go through more contents and any query I will get back to you.

Thanks

Thanks for your kind words, Bhuvana! Best of luck...

2009-01-26T09:14:00.000-05:00

Thanks for your kind words, Bhuvana! Best of luck in your project work.

Hi sir...Really am thankful for you.im bhuvana fro...

2009-01-24T22:54:00.000-05:00

Hi sir...

Really am thankful for you.

im bhuvana from india doing my final year engineering.

ur blogs and ideas about
"inventory management" helps me a lott in my project work.
Thanks a lott sir....

Dear Professor:Inventory management can be applied...

2009-01-19T10:28:00.000-05:00

Dear Professor:
Inventory management can be applied fairly uniformly to pretty much any industry, including the pharmaceutical industry.

What must be kept in mind with pharmaceuticals, however, is expiration dates. Your order quantity should not result in drugs becoming expired before they are used.

as a professor while teaching I am interested to k...

2009-01-18T01:00:00.000-05:00

as a professor while teaching I am interested to know how the tire concept of inventory management can be dovetailed to drug selection, procurement , distribution in order to be a little more cost effective on ne hand and maintaining regularity of essential drug supply in health care fecilities

Hi Sanjay,Thank you for posting a comment.Critical...

2009-01-13T15:42:00.000-05:00

Hi Sanjay,
Thank you for posting a comment.

Critical inventory items are those items that would have a severe impact on your company and its ability to continue its operations and serve its customers if such items ran out of stock. For manufacturers, this usually means the custom-made components and assemblies as well as raw materials.

Non-critical inventory items are those items that are either readily available (e.g., from one of many local distributors) and/or would not cause a major problem in the event of a stock out.

With regard to insurance items, you may be referring to what is referred to as safety stock. Please see http://www.nextlevelpurchasing.com/articles/safety-stock-calculation.html for more information on safety stock.

u give the definition of critical,non critical and...

2009-01-11T04:45:00.000-05:00

u give the definition of critical,non critical and insurance items in inventory classification

Tog,The answer to your question depends on a numbe...

2008-11-05T12:26:00.000-05:00

Tog,
The answer to your question depends on a number of things like what inventory system your company uses, what transactions you will need to execute, and, if you use an offline system, how it will be integrated.

I recommend checking with your IT staff to explore this further. Perhaps there is a way to access your inventory system remotely through a VPN.

Hi,with big corporations having customized softwar...

2008-11-03T20:30:00.000-05:00

Hi,with big corporations having customized softwares to manage their stock..could you kindly give me some professional advice on a software I can use to manage my stock outside my office domains when I have to work from home and don't have access to the company's software? I have tried microsoft excel but need something more sofisticated.
Thanks.
Tog

Hello there, I was wondering I am struggling with ...

2008-08-21T03:34:00.000-05:00

Hello there, I was wondering I am struggling with my team on what would be the best way code components in a raw material stores?

Thanks for stopping by, Raed.EOQ is not a reorder ...

2008-07-14T08:06:00.000-05:00

Thanks for stopping by, Raed.

EOQ is not a reorder point. It represents the quantity you should order when your inventory level reaches the reorder point.

I hope this helps...thanks again!

Thanks for stopping by, Ankit.I'd be happy to answ...

2008-07-14T08:05:00.000-05:00

Thanks for stopping by, Ankit.

I'd be happy to answer your question. First, can you please clarify what a "backorder cost" means to you?

DEARi didn't get the real meanning of EQO and how ...

2008-07-14T08:01:00.000-05:00

DEAR
i didn't get the real meanning of EQO and how can i useful from this number, is it like reorder point?

please inform me

you really made me interesting

regardS

how does the formula changes, when there is a ba...

2008-07-12T05:44:00.000-05:00

how does the formula changes, when there is a back - order cost involved.

thanks,
Ankit

Hi Mary Jean,Electronic accounting is quite essent...

2008-07-02T08:15:00.000-05:00

Hi Mary Jean,
Electronic accounting is quite essential. We use Quickbooks and it is quite affordable. Microsoft Money, while really geared for home use, can work for a small business if you can't afford Quickbooks. And Excel can even work if you have someone on staff who can set it up properly.

To learn the basics about inventory management, I recommend enrolling in our online class "Mastering Purchasing Fundamentals" (http://www.NextLevelPurchasing.com/fundamentals-purchasing.html) and checking out our list of articles on the topic at http://del.icio.us/supply_chain_articles/inventory

Good luck!

I am fresh graduate and currently working to a new...

2008-07-02T00:33:00.000-05:00

I am fresh graduate and currently working to a newly established korean construction company in the Philippines. We don't still have an accounting software to cater the needs of our expanding business because we still in the experimental stage. We spend over Php 500,000 expenses for a month about half came from the operating expense of the office alone. we also don't know how to make an effective inventory management because all we have hired were fresh graduates.
Can you give me any suggestions on how to solve these problems?
Thank you!

You're welcome, Fara Sadat! Thanks for visiting.

2008-07-01T07:43:00.000-05:00

You're welcome, Fara Sadat! Thanks for visiting.

thank you very much sir, i got lots of useful info...

2008-07-01T02:54:00.000-05:00

thank you very much sir, i got lots of useful information from your web and the formula which you have given for inventory and managment is really very useful and use that in our org , and i do apreciate your hard work and facilitating us .

Thanks
Fara sadat from Afghanistan