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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

eoq article  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 determined), c is the average cost of order preparation, i is the annual inventory carrying cost percentage, and u is the unit cost. Inaccurate scheduling, long lead times, long Read More

Process 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...
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Documents related to » eoq article


SouthWare Excellence Series: Making Excellence Easier Part Three: Application Analysis
The system supports a completely user-defined set of critical success factors for each business, business unit, or even individual employee.

eoq article  as economic order quantity (EOQ), movement class, prior usage, minimum and maximum, and pricing from competing vendors. Takes into consideration when assigning a vendor requested delivery date factors such as a customer's requested ship date, the vendor's typical lead time, internal administrative lead times, and production lead times. Optionally moves purchase orders into an approval WorkFlow that is fully user-defined. Warehouse Tracking The management of a warehouse can become quite a complex 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

eoq article  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 into consideration annual demand, average cost of order preparation, annual inventory carrying cost percentage, and unit cost. Needless to say, such simplified formulas are not Read More
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)

eoq article  | Economical Order Quantity EOQ | IBS | IBS Alert | IBS Alert Management | IBS Alert Management Module | IBS Alert Management Modules | IBS Alert Managements | IBS Alerts | IBS Enterprise | IBS Enterprises | IBS Solution | IBS Solutions | KPI Reference Model | KPI Reference Models | Order Management Accuracy | Pharmaceutical Wholesaling | Return on Investment | Return on Investment ROI | Scor Model | Scor Models | SRM | SRM Functionalities | SRM Functionality | Statistical Forecasting | Supply Chain 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

eoq article  quantity of one (i.e., EOQ = 1), while keeping inventories to a minimum and shortening cycle times to fill customer orders ever more quickly. To support continuous flow, enterprise resource planning (ERP) systems must provide a rate-based scheduling and execution application that helps maintain takt time throughout all operations and does not require work orders or other paperwork. For more information, see Pull versus Push: a Discussion of Lean, JIT, Flow, and Traditional MRP . This concludes Part Two Read More
The Seven Deadly Sins of Software Marketing
Huge amounts of money are spent on marketing collateral—you need to ensure that you get your money's worth. This article discusses seven common mistakes made

eoq article  Seven Deadly Sins of Software Marketing Marketing collateral does not come cheap. Costs associated with textual content, graphic design, and production quickly add up. Obviously, you want to get an appropriate return on your investment. This article looks at seven common mistakes, or sins, made when developing marketing collateral for the software industry. The sins in question consider such concepts as targeting your market, lowering costs, and making it convenient for potential customers to use Read More
How to (Ab)Use Your Employees as a Social Platform
Last month I came across Julie Bort's article Your Company Might Think It Can Control Your Facebook Account Soon, which depicted current social guidance efforts

eoq article  to (Ab)Use Your Employees as a Social Platform Last month I came across Julie Bort's article Your Company Might Think It Can Control Your Facebook Account Soon , which depicted current social guidance efforts by a few large brands such as Pepsi, Dell, Gap, and Intel. She brought up the interesting point that Pepsi is mulling over the idea of engaging its employees—i.e., its most treasured resource—in extracurricular activities. And this is exactly what I want to discuss with you today. What Is Emplo Read More
The Art Of Distributed Development Of Multi-Lingual Three-Tier Internet Applications
In this article we describe author's experience with the distributed development of multi-lingual three-tier Java/ CORBA/database Internet applications. We

eoq article  Art Of Distributed Development Of Multi-Lingual Three-Tier Internet Applications Introduction In this article we describe the author's experience with the unconventional development of Internet applications. They were developed for a Suisse bank as a joint cooperation between the author located in Belgrade, Yugoslavia, and a Suisse software development company. The software was developed in a distributed fashion without any physical access to the production site. Due to the very strict bank's security Read More
ScheduleSoft: What about Workforce Management on the Shop Floor?
My recent article entitled “Workforce Scheduling @ Optimization: The Missing Link on the Shop Floor?” analyzed the importance of manufacturing workforce

eoq article  What about Workforce Management on the Shop Floor? My recent article entitled “Workforce Scheduling & Optimization: The Missing Link on the Shop Floor?” analyzed the importance of manufacturing workforce scheduling & optimization solutions and stated that many manufacturing enterprises still use rudimentary tools and practices (if that) to manage their labor. The article stated that most manufacturing organizations do not yet understand the strategic value that workforce scheduling could p Read More
Legal Considerations in E-commerce
Doing business on the Internet can involve some tricky legal issues. This article will help you understand the kinds of information you need to provide to your

eoq article  Considerations in E-commerce Legal Considerations in E-Commerce Anthony E. Perkins, Esq. and Dennis P. Geller, Ph.D. December 9th, 1999 Guest Analyst: Anthony E. Perkins is an Attorney and a Principal with TechVentures Group, LLC., a business advisory group focused on technology-oriented businesses and ventures seeking expert assistance and information on starting, growing, selling, merging or financing their companies. Can They Do That? I sent them an e-mail and the next time I looked at their Read More
Can You Add New Life To an Old ERP System?
Getting ERP transaction data into a summarized form that is useful to knowledge workers is one way to extend the value of your ERP system. This article

eoq article  You Add New Life To an Old ERP System? Can You Add New Life To an Old ERP System? Featured Author - * William R. Friend - October 31, 2003 Introduction Recently, TEC featured an article by Olin Thompson titled, The 'Old ERP' Dilemma: Replace or Add-on which discussed options available to companies who want to add business functionality to their Old ERP systems. Certainly, there are many options now available in new business functionality that run the gamut from Supply Chain Planning (SCP) to Read More
A
My recent article SAP SCM – Stepping Out of (Relative) Obscurity analyzed SAP’s revamped comprehensive supply chain management (SCM) suite, its major components

eoq article  Tell All Chat with SAP's SCM Product Marketing Team My recent article SAP SCM – Stepping Out of (Relative) Obscurity  analyzed SAP ’s revamped comprehensive supply chain management (SCM) suite, its major components, and its supply chain process bundles. In addition to receiving a number of public comments and ratings by TEC ’s readers, I was recently roasted privately during a lunch meeting with a couple of peers. Namely, they expressed their surprise at the quite positive tone of the article, Read More
Maximizing Potential Benefits in Reverse Auctions
Reverse auction (RA) has emerged as a strategic tool for consumer packaged goods companies pursuing cost efficiencies in their sourcing programs. This article

eoq article  reverse auction,RA,consumer packaged goods,CPG,e-auctions,e-purchasing application,e-sourcing purchases,cost of goods sold,COGS,sourcing,pre-auction quotation,request for quotation,RFQ,transparency,FMCG Read More
Taking Stock of Infor’s HCM “Inventory Items” - Part 1
What TEC’s recent in-depth article Waking Up to a “New Day” at Infor hinted, my attendance of Inforum 2012 in late April confirmed. Namely, Infor started out as

eoq article  Stock of Infor’s HCM “Inventory Items” - Part 1 What TEC ’s recent in-depth article Waking Up to a “New Day” at Infor  hinted, my attendance of Inforum 2012 in late April confirmed. Namely, Infor started out as a traditional acquirer and market consolidator, but that is old news now. The re-energized vendor has recently moved on to a new chapter of innovation and industry focus with Charles Phillips and his renewed management team at the helm. The main themes and highlights from the mult Read More

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