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Discrete Manufacturing (ERP)
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...
 

 direct inventory reduction method


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

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Production and Supply Planning RFI/RFP Template

Strategic Supply Chain Planning, Operational Planning, Procurement Collaboration, Order Management, Fulfillment, and Channel Integration, Utilities for Planning Systems, Systems Integration,... Get this template

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Discrete Manufacturing (ERP)
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...

Documents related to » direct inventory reduction method

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 inventory data, but when the firm is a large office supplier offering 50,000 items, this need becomes non-negotiable. Find out how one company overcame such challenges as maintaining inventory, tracking sales and commissions, and guaranteeing next-day delivery.

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

The Players of Software-as-a-Service Business Models and Finding the Best Value Propositions


Although the promise of reduced implementation risk and time, lower upfront costs, etc. justify the hosting/ASP model, this brings an entire new set of issues for mid-market organizations to consider when seeking a vendor company using such an approach.

direct inventory reduction method  is still not in direct competition in this realm. The recently minted HP alliance does not provide a subscription service, but rather the option of a lower entry point for cash strapped customers who can spread out the software cost over a few years through SAP Financing programs. Moreover, SAP Hosting has been positioned to provide more complete SAP-centric solutions including operation, application, and infrastructure management. As a result, it will respond to customers who want one-stop-shopping or 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 hold excess inventory, and increase the flow of goods throughout the supply chain.

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

Lean Tools and Practices that Eliminate Manufacturing Waste


A number of lean manufacturing tools and practices have long been used to reduce manufacturing waste. These include the five S's, visual controls, standardized work, mistake proofing, total productive maintenance, cellular manufacturing, single-digit setup, pull systems, sequencing, activity-based costing, and leveled production.

direct inventory reduction method  more realistic basis than direct labor or machine hours. The tool that achieves this is an activity-based cost ( ABC ) accounting system, which accumulates costs based on activities performed and then uses cost drivers to allocate these costs to products or other bases, such as customers, markets, or projects. The ABC information about cost pools and drivers, activity analysis, and business processes is then used for activity-based management ( ABM ) to identify business strategies; improve product Read More

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.

direct inventory reduction method  Return of Supplier Relationship Management As the year 2000 approached, the catchphrase lean manufacturing was loosely thrown around in manufacturing industries. The media and software vendors led organizations to believe that a supplier relationship management (SRM) system could achieve the promise of lean. Yet the benefits promised by SRM systems were not kept. As organizations matured, they realized how the benefits were interrelated. Information sharing, sourcing, purchasing, and supplier Read More

Inventory Optimization: A Technique for Improving Operational Inventory Targets


To boost efficiency, run leaner, and drive down the cost of supply, many organizations are exploring inventory optimization—a technique for improving operational inventory targets to address the realities of today’s highly complex, ever-evolving global supply chains. This paper examines how the stochastic multistage, multi-inventory model supports inventory optimization.

direct inventory reduction method  Optimization: A Technique for Improving Operational Inventory Targets To boost efficiency, run leaner, and drive down the cost of supply, many organizations are exploring inventory optimization—a technique for improving operational inventory targets to address the realities of today’s highly complex, ever-evolving global supply chains. This paper examines how the stochastic multistage, multi-inventory model supports inventory optimization. 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 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.

direct inventory reduction method  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

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 streamlining operations—still holds great promise for automotive suppliers to meet this challenges.

direct inventory reduction method  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

Active RFID Solutions for Asset Tracking and Inventory Management


Radio frequency identification (RFID) technology is fast replacing ScanCode technology in asset tracking and inventory management. Traditionally, asset tracking and inventory management in retail supply chain or manufacturing or service units depended heavily on manual scanning of bar code printed on each item at every strategic point. This white paper focuses on details of RFID technology and how you can automate asset tracking and inventory management of your enterprise using it. The white paper takes aid of a case study on how FicusSoft has developed and successfully implemented RFID integrated asset tracking and inventory management solutions for a reputed manufacturer of ultra-sensitive instruments used in the field of biotechnology and pharmaceutical research.

direct inventory reduction method  RFID Solutions for Asset Tracking and Inventory Management Radio frequency identification (RFID) technology is fast replacing ScanCode technology in asset tracking and inventory management. Traditionally, asset tracking and inventory management in retail supply chain or manufacturing or service units depended heavily on manual scanning of bar code printed on each item at every strategic point. This white paper focuses on details of RFID technology and how you can automate asset tracking and Read More

Net Direct


Net Direct Inc. was founded in 1995 to provide open source solutions to small, medium, and large businesses. Net Direct's focus is to help its customers enhance business performance through best-in-class systems, networking, and software technologies. The company is an IBM business partner. Net Direct services cover a range of operating systems, Internet and networking technologies, custom software development, and technology audits. Net Direct is headquartered in Ontario, Canada.

direct inventory reduction method  Direct Net Direct Inc. was founded in 1995 to provide open source solutions to small, medium, and large businesses. Net Direct's focus is to help its customers enhance business performance through best-in-class systems, networking, and software technologies. The company is an IBM business partner. Net Direct services cover a range of operating systems, Internet and networking technologies, custom software development, and technology audits. Net Direct is headquartered in Ontario, Canada. Read More

APICS 2009 Preview Webinar Series, Session 5: Managing Inventory in a Changing Economy


The 2009 APICS International Conference and Expo is starting next week in Toronto (Canada). One of the educational tracks is focusing on how to manage inventory in a changing economy. As inventory is a challenging issue for all types of manufacturing organizations, regardless of industry. If an organization can manage its inventory without losing focus on demand and where its dollars are being

direct inventory reduction method  2009 Preview Webinar Series, Session 5: Managing Inventory in a Changing Economy The 2009 APICS International Conference and Expo is starting next week in Toronto (Canada). One of the educational tracks is focusing on how to manage inventory in a changing economy. As inventory is a challenging issue for all types of manufacturing organizations, regardless of industry. If an organization can manage its inventory without losing focus on demand and where its dollars are being spent, it may achieve its Read More

Inventory Control Is Perhaps the Most Powerful Tool You Have for Containing Your Warehousing Costs


Your company's success is not only dependent on sales, but also on your company's ability to say, "Yes we have that item in stock." The problem is, inventory control is usually an after thought.

direct inventory reduction method  Control Is Perhaps the Most Powerful Tool You Have for Containing Your Warehousing Costs Inventory Control Is Perhaps the Most Powerful Tool You Have for Containing Your Warehousing Costs Featured Author - Ren Jones - November 26, 2005 Originally published - November 15, 2003 Inaccurate Inventory Costs Plenty What asset do you have that is more valuable than your people? Inventory! Without it what business would your company be in? Year after year we try to get a handle on this thing called Read More

QlikTech Launches Direct Discovery to Combine Big Data with In-memory Technologies


As part of its approach to big data, QlikTech, the provider of in-memory–based business intelligence (BI) solution QlikView, is launching Direct Discovery, a new offering that enables direct access to big data sources using QlikView apps. Direct Discovery is able to link data already in-memory with data coming from big-data sources on the fly, giving users the capability for rapid analysis and

direct inventory reduction method  Launches Direct Discovery to Combine Big Data with In-memory Technologies As part of its approach to big data, QlikTech, the provider of in-memory–based business intelligence (BI) solution QlikView, is launching Direct Discovery, a new offering that enables direct access to big data sources using QlikView apps. Direct Discovery is able to link data already in-memory with data coming from big-data sources on the fly, giving users the capability for rapid analysis and without a pre-loading Read More