But should you always strive to maximize your inventory turnover or opportunities to earn a profit? Not necessarily. You also have to consider your profitability of each of these opportunities. An analysis that combines turnover with profitability is the turn-earn index. Turn Earn Index If a distributor enjoys high profit margins, he can be very successful with low inventory turnover.
Related to Inventory Turnover: Asset Management, Business Intelligence (BI), Enterprise Resource Planning (ERP), Inventory Analysis and Planning, Inventory Management, Supply Chain Event Management, Tracking, Microsoft
At the same time our inventory turnover has increased, which means that our inventory has been reduced to a third.
Related to Inventory Turnover: Supply Chain Management (SCM), Intentia International, Manufacturing
Joshen Paper & Packaging needed to update its enterprise resource planning (ERP) distribution system. Joshen partnered with Vormittag Associates Inc. (VAI) and found a solution that consolidates its financial reporting and provides its sales team with real-time inventory information access. The result: faster inventory turnaround and order fulfillment?and to date, about 100 new clients in its customer base.
Related to Inventory Turnover: IT Infrastructure, IT Monitoring and Management, Office Application and Automation, Practices and Business Issues, Project and Process Management, Project Scheduling, Systems Integration, VAI, Manufacturing, Retail Trade
distributor has achieved six inventory turnovers. Again, only consider stock items in the calculation, so that measurements reflect only those sales that are filled with warehouse inventory. If non-stock or drop-ship sales are included in the numerator of the equation, the inventory turns would be falsely overstated. Also, consider only the components of kits and assemblies sold or transferred, not the kits and assemblies themselves.
Related to Inventory Turnover: Inventory Management, Warehouse Management System (WMS), Sage, Merchant Wholesalers, Durable Goods, Wholesale Trade
"We are also prioritizing forecasting within the context of our Lean program because we operate in a very short shelf life environment with high inventory turnover.
Related to Inventory Turnover: Demand Management, Discrete Manufacturing, Enterprise Resource Planning (ERP), Lean/Flow Manufacturing, Manufacturing Management, Process Manufacturing, Supplier Relationship Management (SRM), Supply Chain Optimization, SAP, Manufacturing, Retail Trade, Transportation and Warehousing, Wholesale Trade
ERP solutions with extended supply chain execution capabilities have been proven to provide mid-market businesses the following beneits: improved customer service through better fulfillment and managed compliance; improved margins through faster inventory turnover and lowered inventory holding costs; and increased revenue through faster order cycle times and higher throughput rates.
Related to Inventory Turnover: Advanced Planning and Scheduling (APS), Demand Management, Electronic Data Interchange (EDI), Forcasting and Planning, Production and Supply Planning, Supplier Relationship Management (SRM), Supply Chain Event Management, Supply Chain Management (SCM), Supply Chain Optimization, Technology Evaluation Centers, Manufacturing, Wholesale and Retail Trade
Creating a lean supply chain Increasing inventory turnover to drive out cost and increase customer responsiveness is your daily challenge.
Related to Inventory Turnover: Software Selection, Supply Chain Management (SCM), Warehouse Management System (WMS), CDC Software
Business intelligence (BI) is not only an imperative for big companies. Growing and midsized organizations also require visibility into all aspects of the business for their day-to-day decision-making, with accurate, reliable, and up-to-date information. We outline the issues, business ramifications, and solutions for the BI requirements of growing companies.
Related to Inventory Turnover: Business Intelligence (BI), Business Performance Management (BPM), NetSuite
Minimize inventory carrying costs, lower inventory turnover, and increase accuracy of out-shipment data.
Related to Inventory Turnover: Compliance Management, Regulatory and Compliance, Cincom Systems, Manufacturing