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Maximize Profitability with a Smarter Lumberyard Layout

Maximize Profitability with a Smarter Lumberyard Layout

Business Building Tips for Dealers, College of Knowledge, Inventory Management, Warehouse Optimization

If you like to cook, you know how crucial it is to keep your main tools within easy reach—so why not apply the same logic with a smarter lumberyard layout? Don’t store your top products in hard-to-access corners of your warehouse! Traditionally, many lumberyards have...
True Cost of Holding Inventory: Understanding Procurement Costs

True Cost of Holding Inventory: Understanding Procurement Costs

Business Building Tips for Dealers, College of Knowledge, Inventory Management, Warehouse Optimization

In a perfect world, businesses would keep on hand all the stock they need to respond to unpredictable fluctuations in demand as well as supply chain disruptions. However, the true cost of holding inventory must be considered when balancing stock levels. But inventory...
How to Improve Warehouse Efficiency and Lower Total Cost of Procurement in Your Lumberyard

How to Improve Warehouse Efficiency and Lower Total Cost of Procurement in Your Lumberyard

Business Building Tips for Dealers, College of Knowledge, Inventory Management, Warehouse Optimization

For distributors, your warehouse is the hub of all your operations — it’s the heart of your business in more ways than one. Not just because it’s central and connected to all your other vital processes — but because the health and viability of your business depends on...
How the Total Cost of Ownership Impacts Lumberyard Profits

How the Total Cost of Ownership Impacts Lumberyard Profits

Business Building Tips for Dealers, College of Knowledge, Inventory Management, Warehouse Optimization

How the total cost of ownership impacts lumberyard profits is often misunderstood. This paradox arises when too much emphasis is placed on securing the lowest possible price, which can, in fact, lead to higher costs over time. For lumberyards aiming to maximize...
Best Practices for Managing Backorders in Lumberyards

Best Practices for Managing Backorders in Lumberyards

Customer Expectations, Customer Service, Inventory Management

Nothing frustrates a warehouse or lumberyard supervisor more than dealing with backorders. Implementing best practices for managing backorders in lumberyards is crucial to avoid headaches, additional work, lower profit margins, and upset customers. Effectively...
Balancing Just-in-Time & Safety Stock for Resiliency & Profits

Balancing Just-in-Time & Safety Stock for Resiliency & Profits

College of Knowledge, Inventory Management, Lumber Dealer Helpful Hints

Does managing stock levels feel like a balancing act? Balancing Just-in-Time & Safety Stock for Resiliency & Profits is crucial for lumberyards looking to minimize expenses while maintaining enough safety stock for unexpected changes in demand. The recent wild...
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Sioux Falls, SD 57104
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