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Software Functionality Revealed in Detail
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 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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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

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 order processing and production scheduling. ERP began as a term used to describe a sophisticated and integrated software system used for manufacturing. In its simplest sense, ERP systems create interactive environments designed to help companies manage and analyze the business processes associated with manufacturing goods, such as inventory control, order taking, accounting, and much more. Although this basic definition still holds true for ERP systems, today its definition is expanding. Today’s leading ERP systems group all traditional company management functions (finance, sales, manufacturing, and human resources). Many systems include, with varying degrees of acceptance and skill, solutions that were formerly considered peripheral such as product data management (PDM), warehouse management, manufacturing execution system (MES), and reporting. During the last few years the functional perimeter of ERP systems began an expansion into its adjacent markets, such as supply chain management (SCM), customer relationship management (CRM), business intelligence/data warehousing, and e-business, the focus of this knowledge base is mainly on the traditional ERP realms of finance, materials planning, and human resources. The foundation of any ERP implementation must be a proper exercise of aligning customers' IT technology with their business strategies, and subsequent software selection. 

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Documents related to » economic order quantity in manufacturing

Challenges of the Future: The Rebirth of Small Independent Retail in America


By any measure, retailers are overwhelming small businesses. More than 95 percent of all retailers have only one store. Almost 90 percent have sales less than $2.5 million (USD), and more than 98 percent have fewer than 100 employees. To compete, small businesses need to be innovative, and understand both personalization and value, and how to execute best practices to build success.

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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 chain. Data must also be available to other application modules within the enterprise resource planning (ERP) system. An inventory optimization solution allows companies to effectively fulfill demand and identify how to gain additional profits from their inventories.

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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.

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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.

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Plex Manufacturing Cloud Has New User Interface


Making sure that Plex Manufacturing Cloud was fast and easy for the plant worker has always been part of Plex Systems’ DNA, but the product’s computer numeric control (CNC) machine look and feel has traditionally been not that appealing to other roles in a manufacturing company. Now the vendor has embarked on embellishing its UI in earnest.

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Best-in-class Strategies for Selecting an ERP Solution in 2013


Enterprise resource planning (ERP) represents a serious investment for any organization and is vital to future success. Top performing organizations approach the selection process with a clear plan and come away with solutions that implement smoothly and help drive business immediately. This report explores the strategies best-in-class organizations employ to find the right ERP fit that will give them the tools they need to thrive.

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IQMS EnterpriseIQ ERP for Discrete Manufacturing Certification Report


The IQMS product EnterpriseIQ is now TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for discrete manufacturing in the Enterprise Resource Planning Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

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Epicor Manufacturing Express Edition


Epicor Manufacturing Express Edition is a comprehensive software system for job shops and small manufacturers that is provided in a software-as-a-service (SaaS) model. Epicor Express combines broad functionality to create an end-to-end solution for manufacturers. It includes functionality for: Customer Relationship Management (CRM) Production Management Product Management Material Management Financial Management Business Intelligence (BI) Express is suited for job shops, fabricators, extruders, stampers, and other types of manufacturer. It supports a variety of manufacturing processes, including: Assembly Make-to-stock (MTS) Make-to-order (MTO) Engineer-to-order (ETO) Mixed-mode Delivered in a SaaS model, Express can help eliminate many of the barriers that keep companies from implementing or upgrading their software. Express is available on-demand, as a service, so there's no hardware or software to install or maintain. Ongoing software updates and system maintenance are provided and managed by Epicor so there's zero IT overhead.  

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Role of In-memory Analytics in Big Data Analysis


Organizations today need to handle and manage increasingly large volumes of data in various formats and coming from disparate sources. Though the benefits to be gained from analysis of such big data are immense, so are the inherent challenges, including need for rapid analysis. In his article, TEC BI analyst Jorge García discusses how in-memory analytics helps address these challenges and reap the benefits hidden in big data.

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