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Inventory Turns



We wanted a software package that was capable of monitoring inventory turns, while simultaneously tracking potential shortages.
Related to Inventory Turns: 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
In the past two years, Big Lots has made huge strides in improving their supply chain environment and increasing inventory turns the amount of time a product sits in their hands."We"ve taken our inventory turns from a 2.
Related to Inventory Turns: Electronic Data Interchange (EDI), Service Oriented Architecture (SOA), Supplier Relationship Management (SRM), Supply Chain Management (SCM), Inovis, Retail Trade
Learn how the company deployed a solution that helped accelerate inventory turns, increase resource efficiency in the forecasting process, boost forecast accuracy, and improve data accuracy, and visibility throughout the business.
Related to Inventory Turns: Forecasting, Inventory Management, Operations Planning, Logility
Operational efficiency is the key to increasing inventory turns, improving order fulfillment rates, reducing cycle time, and eliminating charge-backs.
Related to Inventory Turns: Radio Frequency Identification (RFID), Radio Frequency Identification (RFID) Tracking, Supply Chain Management (SCM), Microsoft, Computer and Electronic Product Manufacturing, Management of Companies and Enterprises, Management, Scientific, and Technical Consulting Services
name = TEC_WP; Partnering with Retailers for Sustainable Growth and Profitability by Infor --> Email this to a friend View More Related Papers Receive White Paper Updates White Paper Description With retailers trying to stem consumer migration, and consumer-packaged goods (CPG) manufacturers striving to achieve sustainable growth and profitability, retailer and manufacturer joint value propositions can increase inventory turns, improve cash flow, and increase revenue
Related to Inventory Turns: Inventory Management, Infor, Manufacturing, Merchant Wholesalers, Durable Goods, Retail Trade
Only 39% of consumer product manufacturers are currently monitoring inventory turns, while a little less than half (46%) pay attention to on-time delivery, perhaps the most critical of all customer-facing metrics. Best in Class consumer products manufacturers meanwhile are keeping close watch on both (67% inventory turns, 89% on time delivery).
Related to Inventory Turns: 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
Demonstrable Return on Investment The ROI for Demand Solutions can be found by looking at most of the classic supply chain key performance indicators, such as forecast accuracy, inventory turns, and carrying costs. For each of these traditional measures, Demand Solutions customers reported significant results.
Related to Inventory Turns: Demand Management, Discrete Manufacturing, Forcasting and Planning, Forecasting, Process Manufacturing, Product Lifecycle Management (PLM), Supply Chain Management (SCM), Supply Chain Optimization, Demand Solutions
“We have not had to increase inventory levels to support the increased business; therefore, our inventory turns have increased from six to nine on this key product line.
Related to Inventory Turns: Collaborative Planning and Scheduling (CPS), Demand Management, Forcasting and Planning, Forecasting, Manufacturing Management, Material Requirements Planning (MRP), Product Data Management, Production and Supply Planning, Production Planning, Supply Chain Management (SCM), Demand Solutions
In particular, increased inventory turns means that materials have less risk associated with sustaining unexpected damage and incurring unknown liability.
Related to Inventory Turns: Enterprise Resource Planning (ERP), Return on Investment (ROI), Total Cost Analysis (TCO), Sage, Management of Companies and Enterprises
has an average gross margin of 25% and experiences six inventory turns he has a turn-earn index of 150: 6 Turns * 25% Gross Margin = 150 Turn Earn Index A distributor with an average 10 % gross margin has to turn her inventory 15 times to achieve the same turn-earn index: 15 Turns * 10% Gross Margin = 150 Turn Earn Index But if a distributor has a relatively
Related to Inventory Turns: Asset Management, Business Intelligence (BI), Enterprise Resource Planning (ERP), Inventory Analysis and Planning, Inventory Management, Supply Chain Event Management, Tracking, Microsoft
While many companies are slow to adopt new strategies and technology, a growing number of distributors are able to leverage inventory practices to improve key metrics like customer retention, gross margins and inventory turns.
Related to Inventory Turns: Distribution and Warehousing, Inventory Analysis and Planning, Inventory Management, Production and Supply Planning, Supply Chain Management (SCM), Supply Chain Optimization, Vendor Managed Inventory (VMI) Replenishment, Infor, Finance and Insurance, Manufacturing, Transportation and Warehousing
However, higher margins can make a distributor successful with fewer inventory turns. Take the example of distributors that specialize in stocking hard-to-find, slow-moving products. These distributors are successful because every time they sell a product, they command a premium price. Sage MAS 500 return on investment (ROI) reporting can help users analyze the balance turnover and profits.
Related to Inventory Turns: Inventory Management, Warehouse Management System (WMS), Sage, Merchant Wholesalers, Durable Goods, Wholesale Trade
” Along with reducing inventory by more than one-third, Demand Solutions has increased Terumo CVS inventory turns from 3.
Related to Inventory Turns: Demand Management, Distribution and Warehousing, Forcasting and Planning, Inventory Analysis and Planning, Supply Chain Event Management, Supply Chain Management (SCM), Demand Solutions, Manufacturing
These gains are derived in three ways: System Benefi ts Value-Added Benefi ts Strategic Benefi ts System Benefi ts The direct benefits derived from the implementation of effective inventory management and optimization methodologies include: Risk reduction from reduced inventory obsolescence Improved service levels resulting in improved customer satisfaction and increased sales Reduced freight costs by having the right inventory in the right locations at the right time Identifying and discontinuing unprofi table slow
Related to Inventory Turns: Inventory Management, SYSPRO, Management of Companies and Enterprises
Speciic beneits include: reduction in inventory, increased inventory turns, and reduced carrying costs increased factory throughput lead time reduction coordinated introduction of new
Related to Inventory Turns: Global Logistics Solution (GLS), Import and Export Management, International Trade Logistics (ITL), Supplier Relationship Management (SRM), Supply Chain Event Management, Supply Chain Management (SCM), Warehouse Management System (WMS), Kinaxis, Finance and Insurance, Manufacturing, Transportation and Warehousing
 
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