Inventory Optimization

How much excess inventory are you carrying today?  How confident are you that you are purchasing the right quantities for your business on today’s purchase orders?

Most businesses do not have a clear idea on how much excess inventory they are carrying.  Most do not know what the right levels of each item should be to meet their desired order fill rate.  Exerve can help.

Excess inventory is a depreciating asset.  Every dollar of inventory you can eliminate falls directly to the bottom line.

Our Free Inventory Optimization Review evaluates your current inventory, historical sales and inventory turns and forecasts future demand – seeking to identify obsolete inventory and optimal inventory levels for your operation. After our review, we will develop a short list of achievable objectives, some technology strategies, and of course, an improved cash flow estimate through inventory optimization. Let us help you find ways to maximize both your profit and your business potential.

If you are interested in extra cash falling to your bottom line, call Exerve today at 770-447-1566.  Optimize your inventory right now!

Start with the right solution for your business

Exerve StartRight™ – Start with the Right solution right now!

StartRight is a ramp-up program that allows you to start with the right solution – right now. Every tool you employ in your business should be implemented with your business’s future in mind. Many solutions look easy, but many times they are a trap – crippling the future growth of your business. With StartRight, you can start right now with the business management solution that can take your business from your first sale to your wildest visions of success. Whether you are a small business just getting started or a business that has a great history behind it, every business needs the right business management solution. Why start with software that cannot take you to the finish line? Don’t allow the illusion of simplicity today cripple your business’s future potential.

Lost & Found – The Cost of Shipping Errors

Lost & Found – Use our simple formulas to find hidden value in your business. In Lost & Found, we investigate an area of your business where you may be losing money due to unnecessary costs or lost revenue. We highlight a specific business issue and quantify the lost revenue or the excessive cost of errors to help you focus on areas where you can improve the financial health of your business.

In this Lost & Found, we will investigate what your company is potentially losing due to shipping errors. For any company that ships goods to customers, shipping errors are a fact of life. Shipping errors are costly in numerous ways. Some of the related costs include the inbound complaint call, return freight, receipt of returned goods and potential scrap of goods, accounting hassle, processing the replacement order, outbound freight and loss of goodwill and potentially future orders. What other costs does your business incur due to shipping errors?

There are many ways to reduce errors and the benefits can be significant. How much are your shipping errors costing your company? Fill in the blanks below and find out!

Variable	Sample		Your business
Average number of orders shipped per week	500		____________
Error rate (if 2%, enter as .02)	x .05		x___________
Your average number of weekly errors	25		____________
Your estimated cost per shipping error	$75		____________
Average number of weekly errors	x 25		x___________
Cost per week of shipping errors	$1,875		____________
Annualized cost of shipping errors	$97,500		____________
(multiply weekly cost by 52 weeks per year)

What did you find? How much would your business save if you reduced your number of errors by 50%? What are you going to do about it?