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Forecasting inventory

Established baselines improve allocations for labor and materials 
By Mike McCarron
Effective Inventory Forecasting
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In snow and ice management, accurate inventory forecasting is more than just a logistical task—it's a critical component that ensures the success of your events. By precisely predicting the materials and labor needed for each event, you can avoid the pitfalls of under-preparation and overstocking, both of which can lead to increased costs and reduced efficiency. 

 

Diligent recordkeeping 

 

 

  • Keep detailed records of past events, including types and amounts of materials used, to establish a baseline for future inventory needs.

  • Utilize historical data to make informed decisions and improve forecast accuracy.

  • Adopt a "measure everything" mindset to gain a comprehensive understanding of inventory usage patterns.

  • Track every item used during an event, from initial setup to final teardown.

  • Meticulously document details to identify trends and adjust inventory levels.

 

 

Measuring Site Efficiency

 

 

  • Understanding each location's unique challenges is crucial for maximizing productivity.

  • Measure site efficiency by evaluating venue layout; obstacles; and ease of access for loading and unloading materials

  • Consider that working in tight areas, such as loading docks or navigating stairs, can significantly reduce efficiency.

  • Document the square footage of all areas you are obligated to service.

  • Understand internal performance ratios to better allocate labor and materials.

 

 

Prepare for the Unexpected

 

 

  • Shifts in weather can drastically alter material needs for an event. Set baseline material amounts and use multipliers to adjust for specific weather scenarios.

  • Plan for a range of conditions to ensure necessary supplies are on hand.

 

 

Maintaining Adequate Supplies

 

 

  • Ensure an adequate supply of materials for smooth event execution.

  • Maintain resources for both planned events and unexpected situations.

  • Keep at least three average storms' worth of materials at your facility.

  • Avoid running out of materials to prevent delays or contract breaches.

  • Monitor inventory levels carefully and replenish supplies as needed.

 

 
Documenting and Monitoring Usage

  • Create detailed logs for each event, capturing amount of labor required; types of materials used; and challenges encountered.

  • Regularly review logs to identify areas for improvement; make data-driven decisions; and discover overused materials or tasks taking longer than expected.

  • Analyze data to adjust inventory levels and labor allocation

  • Implement a tracking system to automate documentation; streamline operations; reduce human error; and provide real-time insights into inventory and labor usage

 


Embracing these practices not only enhances your ability to forecast accurately but also positions you as a reliable and efficient event manager, capable of handling any challenge that comes your way.

 

Mike McCarron is president and founder of Image Works Landscape Management in Northern Virginia.