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10 Tips for Perfect (Nearly!) Inventory Accuracy
Even though we have made enormous advances in technology and business processes, many organizations and manufacturers still cannot perform basic warehouse

acceptable inventory accuracy  no process deviation is acceptable and that the only way to perform the task is according to the documented process. Set standards . For each task setup standard, start with a lower standard. Setting a lower standard will build up the confidence of the employees performing the task. Tasks can be grouped as picking, put away, receiving, etc., to measure if everyone can achieve the targeted standards. Keep reviewing and revising the standards to make them work toward your organization’s achievement of Read More

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Documents related to » acceptable inventory accuracy


Capitalizing on Advanced Inventory Management
Today’s distributors have an opportunity to drive performance to new levels by investing in advanced inventory management. These companies can expect to

acceptable inventory accuracy  on terms that are acceptable to distributors, is putting increasing attention on inventory management. With so much of their working capital tied up in their stocks, distributors are seeking ways to reduce inventory costs without undermining customer relationships and diminishing service levels. Of course, the greatest contributor to these challenges is the reduction in demand from customers. Distributors in such sectors as automotive and construction have been especially hard hit as these sectors have Read More
19 Steps to Maintain an Accurate Inventory What You Must Know About Your Inventory
It takes $2,500 in new sales to make up $100 in lost inventory, assuming a 4 percent return. Keeping an orderly warehouse with up-to-date processes and informed

acceptable inventory accuracy  50k, it may seem acceptable because your variance is only 5 percent. However, if your 1 million dollars of inventory consist of 10k SKUs and of those 10k, 4k have a variance, your inventory is actually only 60 percent accurate. Is that acceptable to your customers? That could mean four out of ten times a picker goes to a location the product is not there. Is that acceptable to you? More importantly, is that acceptable to your bottom line? Personally, I am a fanatic about recounting based on quantity not Read More
Demand-driven Versus Traditional Materials Requirement Planning
Material requirements planning is a system that strives to plan replenishment just before a withdrawal from stock, which does not work in some manufacturing

acceptable inventory accuracy  and delivering within an acceptable time frame. Demand-driven manufacturing is not a new concept. Japanese manufacturers went down this route back in the 1980s. Now the rest of the world is slowly waking up and moving away from batch production towards demand-driven manufacturing, because wavering demands from customers create too many demands on the inflexibility of traditional manufacturing methods. It is old news that optimizing within the four walls of the factory is no longer a workable solution, Read More
Quoting and Costing for Multiple Units of Measure
A common need of plastics producers is real-time shop floor production monitoring. This serves many purposes, including tracking cycles on tools or machines

acceptable inventory accuracy  processing variations stay within acceptable production limits, all with improved productivity of their machine-based manufacturing operations. Read More
ERP: Origins, Developments, and Trends
ERP first developed as a form of inventory control and later grew to link disparate bodies of information together from across the enterprise. Now, ERP

acceptable inventory accuracy  Origins, Developments, and Trends Introduction History teaches everything, including the future. —Lamartine The names for new technology systems continue to change, but the promises they make remain the same: improve the bottom line. This is the first installment of Back to the Basics , an intermittent series that will unearth the core definitions of buzzwords and key application systems, and chart their evolution. Understanding their evolution is essential to knowing their current use, future Read More
An Opportunity for Change: 10 Recommendations for Advancing Your HR Technology Strategy
This report outlines 10 recommendations for companies to advance its human resources (HR) technology strategy. From conducting a global systems inventory and

acceptable inventory accuracy  Opportunity for Change: 10 Recommendations for Advancing Your HR Technology Strategy This report outlines 10 recommendations for companies to advance its human resources (HR) technology strategy. From conducting a global systems inventory and redeploying software to recalibrating talent strategies and targeting critical roles to focusing on end-user experience and tapping social collaboration, it offers easy-to-implement recommendations to help organizations d position themselves for long-term success. Read More
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

acceptable inventory accuracy  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. Read More
The Power of Inventory Control: How Integrated, Serialized Inventory Tracking Delivers a Competitive Advantage
Today’s manufacturers work hard to meet customer delivery schedules with quality parts while reducing costs. Those companies that can meet these demands can

acceptable inventory accuracy  Power of Inventory Control: How Integrated, Serialized Inventory Tracking Delivers a Competitive Advantage Today’s manufacturers work hard to meet customer delivery schedules with quality parts while reducing costs. Those companies that can meet these demands can reduce work-in-process inventories and minimize production costs. But many fail at this due to inefficient material handling and inventory control. See how advanced ERP systems reflect the physical reality of the material handling process Read More
Inventory Planning & Optimization: Extending Your ERP System Part Two: How It Works
Organizations today realize that although strategies focusing on outsourcing transportation, e-business and new distribution models are important, these are all

acceptable inventory accuracy  Planning & Optimization: Extending Your ERP System Part Two: How It Works Inventory Planning & Optimization Solutions Inventory optimization software is the most recent addition to the suite of Supply Chain Management (SCM) solutions. Software companies like JustEnough and i2 have emerged as leaders in this space. These solutions establish the optimal mix between inventory investment and service levels for each inventory item at each location within an organization. Inventory Planning and Read More
Estimating the Financial Benefits of Vendor Managed Inventory (VMI)
Vendor-managed inventory provides a streamlined approach to inventory management and order fulfillment based on collaboration between suppliers and their

acceptable inventory accuracy  the Financial Benefits of Vendor Managed Inventory (VMI) Vendor-managed inventory provides a streamlined approach to inventory management and order fulfillment based on collaboration between suppliers and their customers (e.g. distributor, OEM, or product end-user) linking the supplier directly to actual customer demand. This white paper presents guidance on how to quantify the cost savings and benefits that accrue from VMI. Read More
Six Steps to Effective Inventory Management
You can take two approaches to inventory management: assume it’s a necessary evil and implement an inventory reduction program when cash gets tight, or put an

acceptable inventory accuracy  Steps to Effective Inventory Management You can take two approaches to inventory management: assume it’s a necessary evil and implement an inventory reduction program when cash gets tight, or put an active inventory management process in place, and continually improve the business results. Learn how to view inventory as cash that can be invested in other ways: move from reactive inventory management to lean and active inventory management in six easy steps. Read More
Using Inventory Optimization to Reduce Inventory Levels in a Lean Environment
Small and medium businesses (SMB) need to address inventory challenges by using a tightly integrated approach that reflects the dynamics of the extended supply

acceptable inventory accuracy  Inventory Optimization to Reduce Inventory Levels in a Lean Environment Using Inventory Optimization to Reduce Inventory Levels in a Lean Environment If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. SYSPRO Inventory enables effective customer servicing and improved profits by providing superior inventory that optimizes stocking levels. Inventory Optimization that aggregates & analyzes inventory to support lean manufacturing Read More
Inventory Management: 3 Keys to Freeing Working Capital
In times of economic uncertainty, you need to actively seek out best practices in how to adopt practical working capital optimization to improve financial

acceptable inventory accuracy  Management: 3 Keys to Freeing Working Capital In times of economic uncertainty, you need to actively seek out best practices in how to adopt practical working capital optimization to improve financial performance while maintaining customer satisfaction. Learn about the three key performance criteria that define best-in-class organizations, and how they’re making their focus within the supply chain on working capital—primarily by optimizing inventory management. Read More
Newman Technology Cuts Inventory Costs by 25 Percent; Achieves 98 Percent Inventory Accuracy
Newman Technology was using a paper trail system to manage a lot of traffic, and realized that it needed a modern-day solution for production accuracy and

acceptable inventory accuracy  Technology Cuts Inventory Costs by 25 Percent; Achieves 98 Percent Inventory Accuracy Newman Technology was using a paper trail system to manage a lot of traffic, and realized that it needed a modern-day solution for production accuracy and accountability. It needed a robust tool and disciplined processes for managing its inventory, purchase orders, and accounts receivables. Learn how Newman Technology improved its communication with suppliers and gained visibility into suppliers’ operations. Read More
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