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Inventory Order Management Blog

November 2011 Manufacturing ISM Report On Business®: Summary

John Krech, President & Founder of RightOnInventory.com
WHAT RESPONDENTS ARE SAYING ...
  • "Business still holding its own. Some growth in margin now that some of the raw materials prices have abated. Oil is pushing $100 so that has not been favorable." (Chemical Products)
  • "Order management for the remaining two months have increased after an extended 'summer dip' in sales overall. We expect to finish the year approximately 10 percent above 2010." (Electrical Equipment, Appliances & Components)
  • "Seeing a slight slowdown in orders; could be related to the holidays." (Primary Metals)
  • ...
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November 2011 Non-Manufacturing ISM Report On Business®: Inventory Sentiment

John Krech, President & Founder of RightOnInventory.com
Inventory Sentiment

The ISM Non-Manufacturing Inventory Sentiment Index in November registered 63 percent, which is 5.5 percentage points higher than the 57.5 percent reported in October. This indicates that respondents believe their inventories are still too high at this time. In November, 31 percent of respondents said their inventories were too high, 5 percent said their inventories were too low, and 64 percent said their inventories were about right.

The nine industries reporting a feeling that their inventories are too high in November — listed in ...

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November 2011 Non-Manufacturing ISM Report On Business®: Inventories

Inventories

ISM's Non-Manufacturing Inventories Index grew in November after one month of contraction. The index registered 52.5 percent, which is 7 percentage points higher than the 45.5 percent reading that was reported in October. Of the total respondents in November, 24 percent indicated they do not have inventories or do not measure them. Comments from respondents include: "More orders, so higher raw materials inventories" and "Finally, inventories are in line with run rates."

The nine industries reporting an increase in inventories in November — listed in order — are: Agriculture, Forestry, Fishing & Hunting; Retail Trade; Management of Companies & Support Services; Health Care & Social Assistance; Construction; Transportation & Warehousing; Information; Utilities; and Professional, Scientific & Technical Services. The six industries reporting decreases in inventories in November — listed in order — are: Other Services; Arts, Entertainment & Recreation; Mining; Wholesale Trade; Finance & Insurance; and Accommodation & Food Services.


Inventories
%
Higher
%
Same
%
Lower

Index
Nov 2011 20 65 15 52.5
Oct 2011 14 63 23 45.5
Sep 2011 19 65 16 51.5
Aug 2011 21 65 14 53.5

See full report

November 2011 Non-Manufacturing ISM Report On Business®: Overall Summary

John Krech, President & Founder of RightOnInventory.com
WHAT RESPONDENTS ARE SAYING...
  • "Business activity continues to swing back and forth. Customer traffic remains lower than expected, but discretionary spending is fluctuating, making it difficult to find the pulse of the consumer." (Arts, Entertainment & Recreation)
  • "Lending is getting a little better. Competition for good deals is fierce because there remains a very limited number of high-quality borrowers." (Finance & Insurance)
  • "Raw materials prices appear to be stabilizing, and in some cases are dropping. Diesel fuels remain elevated and have not dropped." ...
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Santa's Supply Chain: Best in the World?

John Krech, President and Founder of RightOnInventory.com

Richard Howells Richard Howells, SAP

Gartner likes to publish the Top 25 Supply Chains every year. Unfortunately, there’s one supply chain the esteemed analyst firm continues to overlook. And it just so happens to be the greatest supply chain ...

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Apple's Supply-Chain Secret? Hoard Lasers

John Krech, President of RightOnInventory.com

About five years ago, Apple design guru Jony Ive decided he wanted a new feature for the next MacBook: a small dot of green light above the screen, shining through the computer’s aluminum casing to indicate when its camera was on. The problem? It’s physically impossible to shine light through metal.

Ive called in a team of manufacturing and materials experts to figure out how to make the impossible possible, according to a ...

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Five Steps to Painless Inventory Management

John Krech, President of RightOnInventory.com Inventory management is not the sort of thing that gets most entrepreneurs' blood flowing--until their inventory manager leaves. That's exactly what happened to Marc Isaacson, the CEO of online integrative pharmacy Village Green Apothecary, in 2008. Isaacson filled the position by promoting a purchasing assistant. Before long, the company was running out of its most popular items. "At the very least, we lost those particular sales and in some cases, we lost the customers," Isaacson says. He ... << MORE >>

Make it Easy for Customers to Do Business with You

John Krech, President of RightOnInventory.com

by Claudia Bruemmer

Business in the wholesale industry can be very competitive. That’s why wholesalers need to make it easy for their customers to find them in the right vertical search directories, and then make it easy to conduct business. Some important variables include order response speed and customer service requests, the time to market with new products, your delivery speed and the overall customer experience on your site. Retaining customers and growing revenue from existing customers is vital to a wholesale company’s success.

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Using Excel For Business: 10 Productivity Tips

John Krech, President, RightOnInventory.com  
While RightOn saves the typical small business 11000 steps per week or 3 hours, there are tasks beyond our reach that can be done in Excel - here are some tips

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What If You Paid Nothing for SAP Software: How SAP’s TCO Compares for Supply Planning

John Krech, President, RightOnInventory.com

Background and Motivation for the Research

When I am often told about the reasons for decisions to go with software that I am familiar with, the logic often does not seem to make sense. In fact the entire process for repeatedly selecting expensive and lower functionality software from the major monopoly vendors turns out not to be based on the main comparison points of software. The main comparison points of enterprise software are the TCO and the application’s functionality. However, companies primarily look for solutions from vendors that ...

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