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Dan Floen - President of Professional Materials Management, Inc. (PM2).  PM2 helps companies better manage their inventory environment by building inventory databases, setting up efficient stockrooms, and providing expert materials management advice. To learn more, visit www.pm2online.com.

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To 5S or Not to 5S: And What the Heck is the 5S Method Anyway? - Part III

Friday 19 December 2008 at 10:15 am

In our previous blogs, we reviewed what “5S” is and who would benefit from this type of program.  We also looked more in depth at the first two of the 5 S’s (Sort and Set in Order).  Today, we will explore the last 3 S’s (Shine, Standardize, and Sustain).    

Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com

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To 5S or Not to 5S: And What Is the 5S Method Anyway?

Tuesday 09 December 2008 at 09:05 am Any quick search of the internet will invariably lead companies to the 5S method of organizing their inventory, but what is it?  Who benefits from it?  How does it get done?

Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com

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Determining the Total Cost of Inventory Management

Friday 21 November 2008 at 11:47 am

This week we will look more closely at procurement costs.     

Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com

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Factors Affecting the Measurement of Inventory Process Costs

Friday 21 November 2008 at 11:44 am

Process Cost - Last week we explored factors to consider when measuring inventory costs, so this week we will look more closely at factors affecting the measurement of inventory process costs. 

Dan Floen, President, Professional Materials Management (PM2), www.pm2online.com

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Measuring Your Total Inventory Cost Baseline

Thursday 13 November 2008 at 9:45 pm Measuring Inventory Cost – Last week, I laid out the three key cost factors that should be included to accurately measure your total cost of inventory management baseline.  The first key facter, which I’ll talk about today, is inventory cost.

Dan Floen, President, Professional Materials Management (PM2)  www.pm2online.com

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Effective Inventory Management Strategy

Thursday 30 October 2008 at 07:18 am

Measuring your total cost of inventory baseline is the first step to developing an effective inventory management strategy . . . 

Dan Floen, President, Professional Materials Management (PM2)  www.pm2online.com

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Taming The Inventory Monster!

Thursday 16 October 2008 at 1:04 pm If you’re like a lot of businesses today, somewhere on the grounds or inside the facility is a room jam packed with maintenance and repair parts.  You probably don’t have any idea what’s in the room since you have no process in place to manage the inventory. 
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