From Overstock to Optimized: Perfecting Your Reordering Strategy

Is your reordering strategy leaving you with too much or too little inventory? Get ready to discover the power of reorder quantity formulas with Brian Bartel, Suzi Collins, and Justin Poulin as they reveal how these calculations can optimize your supply chain operations. In this episode, Brian breaks down his Excel-powered approach to calculating optimal order quantities, while Suzi shares her strategy for balancing inventory across multiple hospital sites. Discover how to navigate the challenges of unit measures, lead times, and slow-moving items to keep your shelves stocked without overspending. Whether you're managing a single facility or a complex healthcare system, you'll gain valuable insights to transform your ordering process from reactive to proactive. Tune in now and learn how to leverage data-driven decisions to streamline your inventory and boost your supply chain efficiency! Formula: Reorder Quantity (ROQ) Formula = Average Daily Usage x Average Lead Time Stay tuned for part three, where we'll dive into safety stock formulas. Want to stock up on more supply chain insights? Connect with Power Supply on LinkedIn: https://www.linkedin.com/company/powersupplymedia #PowerSupply #SupplyChain #HealthcareSupplyChain #ReorderQuantity #LeadTime