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Documents related to » 10 tips for better inventory


Inventory Management Technology Strategies for Distribution
Your Challenge: Get Decision Makers' Approval for Inventory Management Technology Strategies for Distribution .Specific, Measurable, Achievable, Relevant and Time-Bound. Inventory has been—and continues to be—the lifeblood of the distribution marketplace. While many companies are slow to adopt new strategies and technologies, a growing number of distributors are leveraging inventory practices to improve key metrics like customer retention, gross margins, and inventory turns. Read these research survey findings to find out how you can make better inventory management technology decisions.

10 TIPS FOR BETTER INVENTORY: network. Six out of 10 companies are also focusing on improving forecasting accuracy in order to reduce safety stock requirements. Figure 3. Strategic Inventory Actions Being Taken by Distribution Companies Inventory Management Organization Strategy An important result from the survey is that 50% of companies are still not managing inventory at a network level, but instead determine stocking quantities and policies at a location level (Figure 4). Customer service levels are higher for those companies
3/10/2008 9:13:00 PM

Let the (Excess) Inventory Flow!
Because companies focus primarily on new product development and promotion, the problem of excess and obsolete inventory, once addressed, often leads to both the inventory and dollars flying out the door. There should be smarter ways of handling this problem.

10 TIPS FOR BETTER INVENTORY: Such costs vary from 10 percent to 35 percent annually, depending on type of industry. Carrying cost is ultimately a policy variable reflecting the opportunity cost of alternative uses for funds invested in inventory. The topic here is not traditional inventory optimization. That issue has already been tackled in previous articles (see Inventory Planning & Optimization: Extending Your ERP System and Lucrative but Risky Aftermarket Business—Service and Replacement Parts SCM ). It enables clients to
1/26/2007

Effective Inventory Analysis
Effective Inventory Analysis. Get Data Related to Effective Inventory Analysis. For many distributors, inventory is the largest and perhaps the most important asset. Inventory ties up more money than buildings or equipment, and is often less “liquid.” It is crucial, then, that distributors develop and use a comprehensive set of tools that allows close monitoring of the performance of inventory investments. Read more about simple measurements that can help you maximize your investment in inventory.

10 TIPS FOR BETTER INVENTORY: $1000. The result is 10 inventory turns ($10,000 ÷ $1,000), or 10 opportunities to earn a profit from the $1,000 average inventory investment. 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
3/31/2008 11:58:00 AM

Inventory (Out of) Control
In a market as competitive as the chemicals industry, providing high quality products to clients quickly and efficiently while meeting the rigorous regulations enforced on chemicals from formulation to shipment is no easy feat. Many companies struggle with sales forecasting and maintaining and tracking inventory. Many chemical manufacturers are turning to enterprise resource planning (ERP) software systems to add business-wide visibility to inventory control and reduce costly downtime.

10 TIPS FOR BETTER INVENTORY: Inventory (Out of) Control Inventory (Out of) Control Source: Deacom Document Type: White Paper Description: In a market as competitive as the chemicals industry, providing high quality products to clients quickly and efficiently while meeting the rigorous regulations enforced on chemicals from formulation to shipment is no easy feat. Many companies struggle with sales forecasting and maintaining and tracking inventory. Many chemical manufacturers are turning to enterprise resource planning (ERP) software
10/2/2013 2:37:00 PM

The First Steps to Achieving Effective Inventory Control
Despite varying locations and industries, distributors worldwide often face similar inventory-related problems. Too much of one product, not enough of another… and the list goes on. Discover how many forward-thinking distributors have learned to better manage production inventory—and increase efficiency and profitability—with smart inventory management strategies based on tried and proven methods and best practices.

10 TIPS FOR BETTER INVENTORY:
1/14/2008 6:07:00 PM

Lean Inventory by the Numbers
Getting lean is not a simple task; it requires an aggressive, iterative approach to examine complex tradeoffs. And given the number of variables that characterize a distribution center (DC) and its constituent stock keeping units (SKUs), performing this type of analysis without using the right tools can be daunting—if not impossible. Find out how a tool-based approach can make getting lean easier.

10 TIPS FOR BETTER INVENTORY:
2/13/2008 3:55:00 PM

Inventory Reduction: Effectively Turning Excess Into Cash
In virtually all manufacturing companies, there is a direct correlation between inventory levels and overall business performance. In fact, CEO's and CFO's believe that their companies consistently carry 25 to 40 percent or more inventory than is needed.

10 TIPS FOR BETTER INVENTORY: can be reached at (508)788-1100. Readers may obtain other educational material through the website www.rmdonovan.com and information on the Rapid Inventory Reduction Methodology can be obtained at the website www.inventoryinc.com .
5/16/2002

Inventory and Lead Times — Understanding Decoupling Points
While inventory is necessary in manufacturing, most companies would like to reduce their inventory, but only if that did not cause problems. Managing inventory according to decoupling theory is the most effective approach to reducing (the wrong kinds of) inventory without damaging service level—without increasing the risk of shortages that disrupt production (components and materials) and hurt customer service (finished goods). Read more.

10 TIPS FOR BETTER INVENTORY: manufacturing inventory, inventory reduction, inventory policies, decoupling theory, decoupling supply and demand, inventory management, managing inventory with decoupling theory, decoupling inventory, Plex Systems, Plex Online.
1/9/2013 3:02:00 PM

10 Steps to Better Software Test Automation
ERP for Growing Electronics Manufacturers. Find Solutions and Other Applications for Your Judgment Linked to ERP for Electronics Manufacturers. Maybe you’re considering software test tools for the first time. Or maybe you have experience but think your existing software test automation process needs retooling. Whatever your perspective, there are tips and tricks you may not know about test design and development. These 10 steps to building software test automation can help you shorten your time to market, improve the quality of your products, and save you money.

10 TIPS FOR BETTER INVENTORY: Better Software Test Automation 10 Steps to Better Software Test Automation Source: qaSignature Document Type: White Paper Description: Maybe you’re considering software test tools for the first time. Or maybe you have experience but think your existing software test automation process needs retooling. Whatever your perspective, there are tips and tricks you may not know about test design and development. These 10 steps to building software test automation can help you shorten your time to market,
3/24/2008 11:31:00 AM

Oracle Warehouse Builder: Better Late than Never?
Close to a year behind schedule, Oracle released Warehouse Builder to the market. Oracle, in an interesting contradiction in terms, has stated that the product is “already in production at nearly 20 beta sites.” But is it too little too late?

10 TIPS FOR BETTER INVENTORY: oracle warehouse builder, data warehousing, data warehouse, warehouse software, database development, data integrator, data extraction, etl data, business intelligence tools, data warehousing concepts, database synchronization, business intelligence data warehouse, database consulting, extract transform load, data warehouse solutions, data mapping software, data store for e-business analysis, data marts, erp data, data warehouse infrastructure, data quality management software , owb, etl tools, Oracle Database , OWB functionality , Oracle data warehouse .
4/4/2000

Maple Leaf Farms Improves Inventory Control with WMS
Maple Leaf Farms Improves Inventory Control with WMS. Search for Data and Other Software to Define Your Dynamic System Related to the Inventory Control with WMS. As one of North America’s premier producers of duck products, Maple Leaf Farms knew the importance of delivering fresh, quality goods to its customers. But in order to streamline its manufacturing, shipping, and reporting processes, it would need to invest in an enterprise resource planning (ERP) solution. Since implementing ERP, the company has profited from greater inventory control and improved customer service.

10 TIPS FOR BETTER INVENTORY:
1/25/2008 11:02:00 AM


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