Herlitz Inventory Management has built a proven, customer-centered methodology. It is based upon an operating philosophy that our customers readily embrace and can be summed up in this quote by Anders Herlitz, our Vice President & Architect:
“You need to optimize and leverage inventory as an asset in order to meet your customer service and profitability goals.”
Buying decisions always require a degree of art and creative input for success. They also need to be based on a sound understanding of customer demand, vendor performance, and the ability to understand and optimize the economics of the products you sell.
7 Steps of Buying
The 7 Steps have been the basis for the training of over 5,000 buyers across the world.
Order Cycle Analysis
Service Level Analysis
Special Order Analysis
Order Validity Analysis
Anders put together these 7 Steps of Buying over forty years ago as a roadmap for companies to more effectively manage their buying process and inventory. He has designed and developed several generations of systems to provide the best possible tools to automate this process.
HIMPACT® leverages the latest technology to further automate this process and provide your buyers with a highly integrated workbench. The Buyers Workbench enables them to proactively manage these steps, which helps decrease inventories and improve customer service while lowering product and logistics costs.
Our training program and implementation methodology are highly structured and are based on over 800 implementations. Here are a few general rules we’ve come up with over the years:
The Forecasting and Replenishment functions in your organization should be owned by the same person. Inventory and service are best served when one person owns both planning functions. This ensures that no distrust exists.
Decisions on each of the 7 Steps of Buying should be made separately. Those individual economic decisions will translate into better orders.