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Software Functionality Revealed in Detail
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 calculating excess obsolete inventory


Less Stock, More Profit: Inventory Optimization
Inventory optimization is the area where most enterprise resource planning (ERP) software implementations get the highest and fastest return on investment (ROI)

calculating excess obsolete inventory  order quantities. Calculate forecast Calculating a forecast is the most critical part of inventory optimization. Inaccurate forecasts result in either overstock or understock, both of which can be very damaging to the business. Forecasting is the basis of warehouse stock levels and must be as accurate as possible. ERP software is a proven asset to have for reacting immediately to demand deviances in trends or seasonality. When it comes to forecasting, there are two main policies, both of which are

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Help Desk for the Health Care Industry

Help Desk is an application for assisting and managing calls for support from computer users. It also includes computer and software inventory tracking along with technical support knowledge bases.  

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Documents related to » calculating excess obsolete inventory

Pricing and Revenue Optimization: A Manufacturing Perspective


Pricing and revenue optimization is the process of improving business margins by either increasing unit prices or increasing gross revenues. This type of optimization is fast being recognized as having the capability to help businesses grow margins significantly. In fact, studies have shown that it can add a 15 to 50 percent incremental margin to the bottom line.

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Justification of ERP Investments Part 1: Quantifiable Benefits from an ERP System


Studies that surveyed manufacturers about the impact of ERP systems on firm performance indicate that company size and industry do not affect the results. Benefits have been indicated for large and small firms, whether they make standard or custom products or are in discrete or process manufacturing environments. This section explains the quantifiable benefits in terms of several areas of improvement. Reprinted from Maximizing Your ERP System by Dr. Scott Hamilton.

calculating excess obsolete inventory  per share. Figure 3.3 Calculating the potential stock appreciation   Before ERP After ERP Before tax profit $500,000.00 $980,000.00 Earnings per share $ 5.00 $9.80 Current stock price $30.00 6 * 9.80 = $58.80 Multiplier 6 6 These calculations suggest that ERP systems can lead to significant impacts on financial results, including the balance sheet, income statement, key ratios, and stock price. This concludes Part One of a four-part article reprinted from Maximizing Your ERP System by Dr. Scott Read More

Benchmarking: How Am I Really Performing?


Benchmarking, as defined by the dictionary, is "a standard against which something can be measured or assessed." But what is benchmarking? What does it do? Why should I do it? What do I benchmark? And how can it help me?

calculating excess obsolete inventory  basis. The formula for calculating this is to divide total annual sales by average inventory at retail value. For example, if your year's sales are $140,000 and your average inventory at retail value was $85,000 (calculated by adding each month's beginning inventory at retail value and the last month's ending inventory at retail value, and dividing by 13), then your IT would be $140,000 divided by $85,000, which equals 1.65 stock turns. Just like SPSF, there are industry standards for this measure. If Read More

Effective Inventory Analysis: the 5 Key Measurements


The white paper effective inventory analysis isolates and walks you through five simple measurements that will help you ensure you are maximizing t...

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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 service provider, helping companies find buyers to sell their products to and increase inventory asset recovery.

calculating excess obsolete inventory  There a Smarter Way to Handle Excess Active and Obsolete Inventory? Excess at-risk inventory ultimately impacts a company's bottom line. But because companies are more focused on the development and promotion of new products, the problem of excess inventory is seldom a priority. Companies often resort to high-overhead marketing promotions, rebates, or complete inventory write-offs to unload their excess inventory. Let the (Excess) Inventory Flow! Rather than falling back on these detrimental practices Read More

Maple Leaf Farms Improves 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.

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Unlocking Working Capital: Best Practices for Reducing Inventory


Two-thirds of the 400 survey participants in a 2007 Aberdeen report about inventory management place a high priority on working capital optimization. Many companies are reconsidering their business strategies, including implementing appropriate technology platforms that help automate supply chain processes. Learn about cost-effective and practical ways to reduce inventory so that working capital can be released.

calculating excess obsolete inventory   Read More

MRP Success Story: Swiss American Products


Learn how Swiss-American Inc., a leading manufacturer of medical products, improved the accuracy of its inventory levels by adopting a new manufacturing system complete lot traceability, manufacturing resource planning (MRP), purchasing, and manufacturing projections.

calculating excess obsolete inventory  ProcessPro,inventory,case,elta,medical,Manufacturing Read More

Beating the Big Brands through Vendor-managed Inventory


A growing number of smart suppliers have recognized the competitive high ground to be seized as they deepen their connections to retail customers. By adding value in the replenishment process through vendor-managed inventory (VMI), small- and midsize manufacturers can differentiate themselves from larger brands. Most importantly, they can develop more profitable relationships with their retail clients. Find out how.

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They Know When You Have Gas


A deal with the American Petroleum Exchange will allow members to have “up-to-the-minute” inventory data on their petroleum storage tanks.

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The Return of Supplier Relationship Management


Globalization, technology stabilization, inventory visibility, and traceability are forcing organizations to reevaluate supplier relationship management systems. The benefits of a customer relationship management system that can be applied to a supply chain can streamline operations and increase bottom line results.

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The Top Nine Inventory Management Mistakes: Worst Practices and How to Turn Them Around


Every distributor and manufacturer can find ways to optimize processes. But there are key challenges to infusing efficiency and profitability into your established inventory management practices. Learn about common challenges and roadblocks to converting inventory from cost to competitive advantage—and learn from the nine “worst practices” that can help you benchmark your current inventory management strategy.

calculating excess obsolete inventory   Read More