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Engineer-to-Order (ETO ERP)
Engineer-to-Order (ETO 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...
 

 economic order quantity in manufacturing


Lean Manufacturing: A Primer
Lean manufacturing emphasizes the minimization of the amount of all the resources (including time) used in the various activities of the enterprise. The typical

economic order quantity in manufacturing  used the concept of economic order quantity (EOQ), which is also known as economic lot size or minimum cost order quantity, to determine their optimal manufacturing batch and lot sizes or quantities of purchased materials. EOQ is a type of fixed order quantity model that determines the amount of an item to be purchased or manufactured at one time, with the intent of minimizing the combined costs of acquiring and carrying inventory. The basic EOQ formula is: whereby d is the annual demand (expected or

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Engineer-to-Order ERP (ETO) RFI/RFP Template

Financials, Human Resources, Manufacturing Management, ETO Project Management, Inventory Management, Purchasing Management, Quality Management, Workflow Management, Sales Management, and Product Te... Get this template

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Engineer-to-Order (ETO ERP)
Engineer-to-Order (ETO 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 » economic order quantity in manufacturing

Lilly Software - Product Enhancements Remain Its Order 'Du Jour'


By fine-tuning its flagship VISUAL Enterprise suite to better serve specific ‘to order’ manufacturing and distribution vertical markets, while concurrently prudently expanding into some adjacent prosperous markets, Lilly Software remains set for the ensuing mid-market race.

economic order quantity in manufacturing  growth despite the overall economic malaise. Lilly initially released the product early in 2001, and Jobshop sales have reportedly steadily increased worldwide, over 300% since October 2001. With customers currently in twelve countries, including the US, Canada, South Africa, Australia, Taiwan, and Mexico, Lilly expects sales to remain strong as it announces its latest release, VISUAL Jobshop version 3.5, thereby possibly settling the hash of the likes of ACCPAC and Sage/Best Software . The newest Read More

Successful Sales and Operations Planning in Five Steps


A sales and operations planning (S&OP) meeting is a critical decision-making activity that sets the overall direction for the company. Executives discuss trade-offs between customer service, inventory investments, production capabilities, supply availability, and distribution concerns, in order to balance generating profit with satisfying operational goals. Learn the five essential steps for successful S&OP planning.

economic order quantity in manufacturing  order quantity options including economic order quantity (EOQ) , inventory turns, 'x' days of supply, capacity-limited EOQ, etc. Additionally, these leaders consider the redeployment of inventory, moving of excess inventory from one warehouse or distribution center (DC) to another DC instead of making more product. To take this a step further, you can include planned events such as pricing actions, sales incentives, advertising changes, and competitive actions when running the simulations. Simulations Read More

ERP Beginner's Guide In So Many Words


ERP remains the information backbone for contemporary manufacturing enterprises. However, today's ERP systems are required to address more than traditional processes taking place within the walls of an enterprise. This is a concise ERP reference guide for anyone needing a general knowledge of ERP features and the ramifications of implementing it (or not).

economic order quantity in manufacturing  Reorder Point (ROP) and Economic Order Quantity (EOQ) being the most commonly known. The next evolutionary phase, Material Requirements Planning (MRP), developed in the 1970's. It uses bills of material, inventory data, and the master production scheduled (MPS) to proactively calculate time-phased materials requirements and make recommendations to release or reschedule replenishment orders for materials. In the 1980s, the concept of Manufacturing Resources Planning (MRP-II) evolved as an enhancement to Read More

Avoid the Perils of Service Parts Planning in Supply Chain Management


Significant differences exist between the new parts production supply chain and the service and replacement parts supply chain. Companies using conventional, new product inventory methods are missing opportunities to improve efficiency and effectiveness.

economic order quantity in manufacturing  ordering/cost management strategies, like economic order quantity (EOQ), are based on the assumption that there is a strong, continuous demand or velocity of product throughout the system. For example, EOQ (synonymous with economic lot size and minimum cost order quantity ) is a type of fixed order quantity model that determines how much of an item is to be purchased or manufactured at one time, with the intent to minimize the combined costs of acquiring and carrying inventory. The basic formula takes Read More

Announcing Agilisys (Formerly SCT’s Process Manufacturing & Distribution Business) - Finally Fully Focused On Process Manufacturing


The new independent company will certainly benefit from having control of its own financial destiny, being able to make decisions based upon its own needs and objectives rather than being a small part of the much larger entities needs and objectives.

economic order quantity in manufacturing  Agilisys (Formerly SCT’s Process Manufacturing & Distribution Business) - Finally Fully Focused On Process Manufacturing Announcing Agilisys (Formerly SCT's Process Manufacturing & Distribution Business) Finally Fully Focused On Process Manufacturing Featured Author - William Sheppard - June 26, 2002 Event Summary May 30, 2002 was a busy day for Agilisys . The buyout from SCT to form Agilisys was closed and they announced their new name. Formerly a division of SCT, Agilisys is now a Read More

Plex Manufacturing Cloud: Discrete Manufacturing (ERP) Competitor Analysis Report


The discrete enterprise resource planning (ERP) knowledge base addresses discrete manufacturing (distinct items such as auto parts or chairs) as well as non-manufacturing industries. Research vendors that support a range of functionality for production planning, shop floor control, and product costing. The knowledge base also provides information on financials, human resources, and other enterprise management modules.

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Driving Growth in Manufacturing with CPQ


Manufacturing leads other industries in using configure, price, quote (CPQ) software in selling and fulfillment processes. This paper examines the key challenges confronting manufacturers today and how modern CPQ solutions can support growth strategies through improvements to sales processes and sales effectiveness. We also highlight key capabilities and next steps for manufacturers pursuing CPQ initiatives.

economic order quantity in manufacturing  CPQ, complex CPQ, sales efficiency, complex sales, CPQ software, manufacturing, CPQ for manufacturing, CPQ capabilities Read More

Lean Manufacturing: Part 1


With all the discussion, books, Web sites, and other materials on the topic of lean manufacturing, it's hard to know which resources are credible—much less understand the mounds of information. The first part of this series breaks down the definition of lean manufacturing into easy-to-digest concepts and shares the real-life example of a supplier of remanufactured solvents that is working toward the goal of lean. Get tips on how to determine what you need in your production operation and why.

economic order quantity in manufacturing  lean manufacturing, lean principles, lean practices, inventory control, lean process ERP Read More

What Are Manufacturing Execution Systems?


A manufacturing execution system (MES) can be defined as a collection of business processes providing event-by-event, real-time execution of planned production requirements. However, market ambiguity and functional overlap with enterprise resource planning systems obscure what an MES can bring to an enterprise.

economic order quantity in manufacturing  Are Manufacturing Execution Systems? Originally published - November 29th, 2005 Revised and updated March 5th, 2008 Plant execution software systems have many different scopes, forms, and formats, and they mean different things to different folks. Although plant execution software is used widely in a number of industries, it is rarely described similarly, and its functions are hardly ever identical. An execution system used at an electronics discrete manufacturing facility is similar only in concept to Read More

Coordinating Outsourced Manufacturing: A Win-win Proposition for Both Sides of Manufacturing Partnerships


Managing the demands of constant change is one of the biggest challenges facing the electronics manufacturing services (EMS) industry today. Collaboration between original equipment manufacturers (OEMs) and contract manufacturers (CMs) can help both sides leverage the supply chain to manage change. Find out about a solution that can help you create a successful collaboration strategy that optimizes your supply chain.

economic order quantity in manufacturing  globalization and a post-Y2K economic downturn, these trends created a supply-demand imbalance that favored OEMs, and prices dropped precipitously. OEMs gladly leveraged the windfall to offset margin pressures, and EMS companies continued to reduce prices to ill some of that capacity. As prices started to hit bottom, OEMs were forced to look beyond local suppliers to cut costs, transferring their outsourcing requirements to more remote locations such as China. GROWING CHALLENGES: COMPLEXITY, PRICES, AND Read More

Managing Lean Manufacturing Using Microsoft Dynamics AX 2009


A supply chain management system (SCM) is a critical success factor for implementing lean manufacturing. The SCM system helps define product structure, costing information, financial information and reports and is a useful tool in the decision-making process.

economic order quantity in manufacturing  Lean Manufacturing Using Microsoft Dynamics AX 2009 This is an excerpt from the book Managing Lean Manufacturing Using Microsoft Dynamics AX 2009 by Dr. Scott Hamilton. The book can be ordered on amazon.com . Reprinted with kind permission of the publishers. Introduction An integrated supply chain management (SCM) system represents a critical success factor for effective implementation of lean manufacturing. The SCM system supports development and consensus for the demand plan, integrates Read More

A New Discipline in E-mail Etiquette: Creating Confidence in Enterprise E-mail


E-mail is a powerful business tool that most enterprises can’t live without. Unfortunately, along with its capability of accelerating commerce, productivity, and social interactions, there are some drawbacks—such as spam! Companies that rely on e-mail to do business simply can’t afford the negative affects of spam. However, new technology is emerging that helps stop spam and allows users to get on with business.

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PeopleSoft Gathers Manufacturing and SCM Wherewithal Part Three: The Manufacturing Industry


Even before the mega merger, PeopleSoft had already set it sights on a bigger manufacturing presence. PeopleSoft’s acquisition of mid-to-large ERP system developer J.D. Edwards this summer, and most recently demand flow and lean manufacturing software solution from JCIT, might indicate some deep though process rather than a number of impulse initiatives from the past.

economic order quantity in manufacturing  Gathers Manufacturing and SCM Wherewithal Part Three: The Manufacturing Industry PeopleSoft's Manufacturing Ploy This article analyzes whether an array of recent PeopleSoft , Inc. (NASDAQ: PSFT), moves will finally and lastingly establish it as a serious contender in the manufacturing enterprise resource planning (ERP) and supply chain management (SCM) space. These moves are discussed in detail in Part One of this note. In a nutshell, we have been looking positively at PeopleSoft's mega acquisiti Read More

SAP Manufacturing


Managing complexity while enhancing agility is a real challenge. To respond to customer needs, manufacturers must reduce their time to market and time to volume. And to respond to demand and supply shifts, they must be able to adapt to changing situations. To meet these challenges, companies require integrated solutions ensuring that manufacturing runs at the pace of their business.

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