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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

direct inventory reduction method  companies, there is a direct correlation between inventory levels and overall business performance. According to Harold Geneen, the legendary financial genius and former chairman of ITT, all the problems of business end up in inventory. Most knowledgeable executives would agree with Geneen. In fact, CEO's and CFO's believe that their companies consistently carry 25 to 40 percent or more inventory than is needed. Assess Your Capabilities Ask your material planning and operations team to answer the Read More...
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Documents related to » direct inventory reduction method


How Inventory Optimization Can Increase Your Profitability
One of the largest expenses for distributors and wholesalers is stock. Many have difficulty finding the perfect balance between ensuring products are available

direct inventory reduction method  inventory calculations have a direct and negative impact on subsequent calculations. To assure accuracy and to measure current performance, inventory optimization provides multiple methods for analyzing current performance. These cover the volume and value of stock, seasonal trends, excess, lead-time analysis, demand variation analysis and automatic user-defined purchasing suggestions. It is also important to have a fully integrated system that captures true demands and requests instead of simply 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

direct inventory reduction method  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 movers Identifying and managing excess stock to improve cash fl ow and decrease Read More...
Who Needs Warehousing Management and How Much Thereof?
The warehouse is no longer merely a static storage facility. It now has to use virtually real-time data to closely match supply to demand, eliminate the need to

direct inventory reduction method  For instance, cross-docking or direct loading is the concept of packing products on the incoming shipments so that they can be easily sorted at intermediate warehouses or for outgoing shipments based on the final destination. In other words, parts are sent from receiving directly to shipping to be placed in outgoing orders, whereby the items are carried from the incoming vehicle docking point to the outgoing vehicle docking point without being stored in inventory at the warehouse. Cross-docking reduces Read More...
VAI's S2K Enterprise Solutions Help the Largest Independently Owned Office Supply Company in the Southwest
Office supply companies face stiff competition and know that on-time, next-day delivery is imperative to survival. Distributors of any size need accurate

direct inventory reduction method  significantly because we go direct to other dealers. This can be a difficult process, requiring our buyers to make decisions on what, when and how much product to purchase. Essentially, we don't want to carry unnecessary product. In addition, it is imperative to control costs by selecting the vendor with the most competitive price for each item. When dealing with tens of thousands of pieces, this can easily become an overwhelming responsibility, but VAI has helped Wist to eliminate wasteful purchasing. Read More...
Achieving Effective Inventory Management with Dynamics GP and RockySoft
Looking for a way to maximize the productivity and profitability of your inventory investment? Although good inventory management software is one key to an

direct inventory reduction method  Effective Inventory Management with Dynamics GP and RockySoft Looking for a way to maximize the productivity and profitability of your inventory investment? Although good inventory management software is one key to an effective inventory management program, it must be implemented by a team that thoroughly understands the distributor’s needs and challenges. Learn about two solutions that, when combined, can lead you toward the goal of achieving effective inventory management. Read More...
Transforming Inventory into a Strategic Weapon
Strategic inventory management requires a deep understanding of how the end-to-end supply chain is managed. From intelligently micro-segmenting products to

direct inventory reduction method  Inventory into a Strategic Weapon Strategic inventory management requires a deep understanding of how the end-to-end supply chain is managed. From intelligently micro-segmenting products to creating continuous inventory process improvements, few businesses are capable of transforming their inventory into a competitive advantage. Some forward-looking leaders—backed by technology and expertise from JDA—are changing the definition of inventory optimization. Read how. Read More...
How to Optimize Your Inventory and Free Your Capital
Inventory optimization enables companies to improve the performance of both the supply and maintenance functions. Your inventory optimization solution should

direct inventory reduction method  to Optimize Your Inventory and Free Your Capital Inventory optimization enables companies to improve the performance of both the supply and maintenance functions. Your inventory optimization solution should not only identify optimal holdings of each item, but do so automatically—and analyze usage, as well as adjust stock holdings and reordering points on an ongoing basis. Find out how inventory optimization can help you reduce downtime and increase productivity. BEGINLYX 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

direct inventory reduction method  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...
Using Supply Chain Design and Optimization to Reduce Inventory
Historically, companies have invested in tactical and operational supply chain technology solutions. These solutions helped model and operate existing supply

direct inventory reduction method  Supply Chain Design and Optimization to Reduce Inventory Historically, companies have invested in tactical and operational supply chain technology solutions. These solutions helped model and operate existing supply chains, without addressing overall supply chain design and strategy. Companies are increasingly turning to strategic solutions such as supply chain design and optimization (SCDO) to help satisfy customer demand while balancing limitations on supply and the need for operational efficiency. 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

direct inventory reduction method  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...
Case Study: TradeTools Direct
Since opening its first location in 1987, Australia’s TradeTools Direct has become a multilocation retailer to customers in the building trade. When it came

direct inventory reduction method  Study: TradeTools Direct Since opening its first location in 1987, Australia’s TradeTools Direct has become a multilocation retailer to customers in the building trade. When it came time to transition from its cumbersome paper-based record-keeping system, the company chose Pronto Software. Find out how Pronto’s fully integrated point-of-sale (POS) system and accounting functions helped TradeTools increase efficiency and improve customer service. Read More...
Grocery Chain Gains Productivity and Information Visibility for Better Inventory Control


direct inventory reduction method  Chain Gains Productivity and Information Visibility for Better Inventory Control 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

direct inventory reduction method  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...

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