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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  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 change Read More
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...
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Documents related to » eoq

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

eoq  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 MRP by integrating 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  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
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  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 app Read More
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  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
Evaluating Enterprise Software - Business Process or Feature/Function-Based Approach? All the above,
There is certainly room to ask the fundamental question of whether the traditional practice of RFI/RFP-based selection processes has been adequate for the task

eoq  counting, economic order quantities (EOQ), or appropriately higher safety stock levels) should be paid to the critical, show-stopping A items, some sort of less stringent attention should be applied to the B and C items (e.g., statistical inventory control [SIC], backflushing, etc.). Still, these need to be controlled accordingly, since, at the end of the day, an out of stock widget will stop the production line as equally as a missing critical A item. The advantage of the traditional RFI Read More
Preactor: Predict and React on the Shop Floor
Many best-of-breed advanced planning and scheduling (APS) vendors have come and gone since the late 90s, when APS was hyped as a tool that would be a key

eoq  old economic order quantity (EOQ) approach to releasing orders in batches that was the basis of material requirements planning (MRP), and see APS as an ally of lean. My colleague, Graham Hackwell, has given many presentations on the subject. We also have end-user case studies that show how they have used Preactor as an essential part of their Lean initiative. TEC : Please describe your install base (number of customers) and any generic profile (i.e., size, geographic region, industry, average number of Read More
Inventory Optimization
CatalystCommand Inventory Optimization and CatalystCommand Demand Management leverage data from existing ERP, transaction and POS systems to provide advanced

eoq   Read More

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