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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

basic inventory principles  quantity in addition to basic inventory that serves as a buffer against uncertainty. The challenge is to weigh the balance in favor of basic stock so that the business holds as little safety stock as possible and provides 'just the right amount' of seasonal stock. However, the predictability of demand has a direct impact on how much safety stock a business must hold. When demand is unpredictable, higher levels of safety stock must be maintained. Therefore, the search for the optimal inventory levels to Read More...
Discrete Manufacturing (ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as or...
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Documents related to » basic inventory principles


The Growing Role of Technology in Food Distribution
Companies in the food distribution industry are well aware of the complicated nature of their business and their razor-thin margins. While your business

basic inventory principles  white paper covers the basic principles and best practices you need to see fulfilled by any food distribution software in which you invest. Find out the software functionality that you must have present in an effective enterprise resource planning (ERP)/warehouse management system (WMS) solution to help your business grow. Read More...
Deploying Lean Principles to ERP Implementation Projects
The competitive environment that both Manufacturers and Distributors alike have experienced in recent years in the era of Globalization, Currency Fluctuation

basic inventory principles  must first understand the basic principles of lean and how they relate to an ERP project implementation. Lean Definition Lean Principles have evolved from the Lean Production Philosophy which has its origin in the set of business philosophies developed in post-war Japan known as T.P.S. (Toyota Production Systems)— which has as its core philosophy cost reduction through elimination of waste ( muda Japanese). The principles deployed in Lean made Toyota the pre-eminent auto-manufacturer in the world and Read More...
Overcoming Chemicals Industry Challenges through Optimization of Distribution and Inventory
For chemical companies, optimizing the distribution network and rationalizing inventories are the keys to an efficient supply chain and smoother operations

basic inventory principles  or they might sell basic commodities to an intermediary and then buy back the finished product for further use by the specialty division. On the other hand, the manufacturing process is often the weakest link in the supply chain as a whole, since component products and semi-finished materials require long lead times that impede quick-acting demand-driven principles. Manufacturers can do very little to accelerate the subassembly processes, since the laws of chemistry (in other words, the processing times) Read More...
Is There a Smarter Way to Handle Excess Active and Obsolete Inventory?
Imagine the convenience of a 24x7 intranet marketplace where companies could sell off their inventory to the highest bidder. FreeFlow is one such business

basic inventory principles  phase-in/phase-out, missed sales, and basic forecast errors result in excess active inventory. The end-of-life (EOL) stock and obsolete inventory are the inevitable results of unsold active inventory that has since been displaced by newer-generation products, or otherwise discontinued. But what about inventory returns , the items that are returned to the manufacturer as defective, obsolete, over aged, etc.? An inventory item record transaction records the return or receipt into physical stores of Read More...
As the Economy Rebounds, Will Your Organization Be Ready for New and Increasing Demand? A Summary of the 2009 APICS Conference
Companies can get the latest on supply chain management trends—from inventory management, forecasting, and sales and operations planning—at the annual APICS

basic inventory principles  Lean, Global Supply Chain, Basics of Operations Management, Demand Management, Forecasting, and Sales and Operations Planning (S&OP). These were further divided into six focused sessions: case studies, global sessions, advanced level sessions, emerging issues, mini workshops, and specific issues. The two of us, Khudsiya and Gabriel, represented Technology Evaluation Centers ' (TEC's) analysts at the conference. We went to a mix of the learning paths and sessions. Each learning path followed a consistent 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

basic inventory principles  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...
Best Practices in Demand and Inventory Planning for Chemical Companies
Supply chain planning involves functions such as demand forecasting and planning, distribution inventory planning, and plant capacity planning and scheduling

basic inventory principles  Practices in Demand and Inventory Planning for Chemical Companies Supply chain planning involves functions such as demand forecasting and planning, distribution inventory planning, and plant capacity planning and scheduling. The right mix of strategy, education, and systems can have a very high impact on a manufacturer’s overall operations—and ultimately its bottom line. Understand how supply chain functions such as demand and inventory planning can positively impact your company. Read More...
Customer Success Story: Batchmaster Provides Superior Inventory Control
Superior Quality Foods was growing, but poor inventory control was impacting its profitability. To ensure there was enough stock to meet production needs, it

basic inventory principles  Success Story: Batchmaster Provides Superior Inventory Control Superior Quality Foods was growing, but poor inventory control was impacting its profitability. To ensure there was enough stock to meet production needs, it always ordered extra raw materials—just in case. To reduce costs and improve inventory control, Superior chose an enterprise resource planning (ERP) and mobile wireless inventory system—and since its implementation has realized 98 percent accuracy in inventory. 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

basic inventory principles  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...
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

basic inventory principles  (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 Read More...
SAP to Acquire Inventory Optimization Vendor SmartOps
SAP announced on Friday evening its intention to (finally) acquire SmartOps, a move much anticipated for some time. The most enduring mystery about this is not

basic inventory principles  to Acquire Inventory Optimization Vendor SmartOps SAP  announced on Friday evening its intention to (finally) acquire SmartOps , a move much anticipated for some time. The most enduring mystery about this is not that it happened, or why, but why SAP waited so long to make the move. SmartOps had established a leading position in the inventory optimization space, and had obviously formed a very close relationship with SAP, who realized long ago that SmartOps fulfilled a very real supplementary inventory Read More...
Grocery Chain Gains Productivity and Information Visibility for Better Inventory Control


basic inventory principles  Chain Gains Productivity and Information Visibility for Better Inventory Control Read More...
Adexa Collaborative Sales, Inventory, and Operations Planner
Business plans need to be built on a foundation of solid intelligence: knowing what’s coming means you can plan responses proactively. Thus, in order to build a

basic inventory principles   Read More...
Establishing Standards for Automotive Inventory Visibility and Interoperability
As globalization, competition, and downward price pressures show no signs of easing, lean manufacturing—matching supply to demand, eliminating waste, and

basic inventory principles  Standards for Automotive Inventory Visibility and Interoperability As globalization, competition, and downward price pressures show no signs of easing, lean manufacturing—matching supply to demand, eliminating waste, and streamlining operations—still holds great promise for automotive suppliers to meet this challenges. Read More...

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