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Achieving Effective Inventory Management
In today’s competitive business environment, wholesale distributors face critical factors that directly affect customer satisfaction and profit margins. These

how to calculate inventory carrying cost  when they know specifically how many pieces of a product are at each location. Flexible Cycle Counting To achieve effective inventory management, it is necessary to verify that the on-hand quantities in the computer accurately represent what is on the shelf. To this end, some distributors perform a full physical inventory annually. However, performing a complete physical inventory does not ensure that counts will remain accurate over the next one to six months following the physical count. How small a Read More...
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Documents related to » how to calculate inventory carrying cost


Computerized Maintenance Management Systems: A Tutorial Part Two: Benefits and Interfaces
A CMMS is an excellent business opportunity whose implementation can significantly improve operations, reduce equipment downtime, increase accountability of the

how to calculate inventory carrying cost  you have installed and how seamless you want a CMMS to fit into your systems architecture, the complexity and number of interfaces can be significant. The chart below lists potential interfaces by functional area. Potential CMMS Interfaces Functional Area Interface to CMMS Interface from CMMS Purchase Requisition Notification of receipt of parts Request purchase of parts Human Resource Hourly rate for maintenance personnel Certifications, licenses earned by maintenance personnel Payroll Hours worked by Read More...
Supply Chain Collaboration: The Key to Success in a Global Economy
Outsourcing and global competition are forcing companies to transform their supply chains from linear processes into adaptive networks. Communities of customer

how to calculate inventory carrying cost  make better decisions on how to deploy goods across various customers' locations, which leads to increased customer service levels, lower transportation costs, reduced inventory levels, and lower sales costs. The Kanban Process Kanban is a signal-based replenishment concept related to lean or just-in-time (JIT) production that historically uses cards to signal the need for replenishment of an item. Leveraging collaborative technologies, the kanban process allows customers to electronically issue the 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)

how to calculate inventory carrying cost  along the supply chain. How to optimize inventory So far, we have discussed what companies ought to do and the rather considerable barriers to doing it. How can you actually optimize inventory and gain all these key benefits and rapid returns on investment? Effective inventory optimization can be achieved by continually carrying out the following five activities. Since this is a continuous process, it is important to go over this list again to fine-tune inventory optimization and analyze performance. Read More...
TEC Lean and Green Manufacturing Buyer’s Guide
While the need for sustainable development is affecting how organizations do business, the idea of environmental and corporate responsibility as value drivers

how to calculate inventory carrying cost  with the question of how to make the transformation to lean. Lean Manufacturing toward Achieving Green Products by their very nature are a burden to the environment. This includes material and energy use, production processes, distribution methods, recycling, and waste disposal. By identifying the different sources of pollutants (e.g., carbon emissions, waste, toxins) throughout the supply chain, organizations can better understand how to inject lean as well as green thinking into supply chain management Read More...
Too Hard to Adopt PLM? Find Ways to Make It Easier
Product lifecycle management (PLM) systems are too complicated, too expensive, and take too long to implement. That’s what I said last month in a blog post

how to calculate inventory carrying cost  in the context of how to make PLM adoption easier. Realistically define the project scope The life cycle perspective has made PLM a complicated system with so many functionality modules that perhaps no single organization has ever implemented all of them. It is true that the full potential of PLM can’t be achieved unless you can manage the entire life cycle of a product. However, to early adopters, I think the 80-20 rule might be applicable here—the crucial 20 percent of the PLM functionality may Read More...
Machine Telematics: Leveraging Machine-to-Machine Technology to Improve Customer Relationships and Product Reliability
Information technology provides the foundation to store, process, and manage today’s huge volumes of telematics data, which will only continue to grow. In

how to calculate inventory carrying cost  Telematics: Leveraging Machine-to-Machine Technology to Improve Customer Relationships and Product Reliability Information technology provides the foundation to store, process, and manage today’s huge volumes of telematics data, which will only continue to grow. In addition, analytical tools are available to tap the intelligence hidden in this data and deliver valuable insights. By capitalizing on the synergy between machine telematics and new innovations such as in-memory computing, mobile, and Read More...
Data Mining with MicroStrategy: Using the BI Platform to Distribute Data Mining and Predictive Analytics to the Masses
Data mining and predictive analysis applications can help you make knowledge-driven decisions and improve efficiency. But the user adoption of these tools has

how to calculate inventory carrying cost  Mining with MicroStrategy: Using the BI Platform to Distribute Data Mining and Predictive Analytics to the Masses Data mining and predictive analysis applications can help you make knowledge-driven decisions and improve efficiency. But the user adoption of these tools has been slow due to their lack of business intelligence (BI) functionality, proactive information distribution, robust security, and other necessities. Now there’s an integrated enterprise BI system that can deliver data mining and Read More...
19 Steps to Maintain an Accurate Inventory What You Must Know About Your Inventory
It takes $2,500 in new sales to make up $100 in lost inventory, assuming a 4 percent return. Keeping an orderly warehouse with up-to-date processes and informed

how to calculate inventory carrying cost  few people talking about how to control the accuracy of their inventory? Think about how much having an inaccurate inventory costing you and your organization. Again, your inventory is one of the biggest, if not the largest investment you have in your company. The only thing that comes close to it is your people. But you know what I have learned over the years? People do what you inspect and not what you expect! Most leaders expect their people to know why inventory accuracy is important to the company, Read More...
Three Simple Steps to Rev Up Your “Stay at Work/Return to Work” Program
For most midsize and large companies, a “stay at work/return to work” (SAW/RTW) program has become a necessity. The impact of unscheduled absence within

how to calculate inventory carrying cost  Simple Steps to Rev Up Your “Stay at Work/Return to Work” Program For most midsize and large companies, a “stay at work/return to work” (SAW/RTW) program has become a necessity. The impact of unscheduled absence within business operations can be severe, resulting in disrupted workflow and reduced productivity or output. Implementing a SAW/RWT program to properly manage absence and disability can address these and other issues, significantly reducing costs. Learn more about the benefits. BEGINL Read More...
How to Adapt to Changing Consumer Behaviors
Agile commerce means engaging with your customers in a consistent and relevant way, over whatever device or touch point your customer wants to engage with you

how to calculate inventory carrying cost  to Adapt to Changing Consumer Behaviors Agile commerce means engaging with your customers in a consistent and relevant way, over whatever device or touch point your customer wants to engage with you. This white paper explores what agile commerce is all about, the benefits of an agile commerce strategy, as well as the steps organizations should take to shape an agile commerce environment. Read More...
MessageClick to Provide Unified Messaging to RCN’s Business Clients
RCN has teamed up with MessageClick to provide its business-based users a complete suite of Unified Messaging tools including point-to-point e-mail, fax, and

how to calculate inventory carrying cost  to Provide Unified Messaging to RCN’s Business Clients MessageClick to Provide Unified Messaging to RCN's Business Clients P. Hayes - June 9, 2000 Event Summary In May, MessageClick, a leading Unified Communications company, announced a partnership with RCN Corporation, a leading broadband services company, and one of the largest ISP's in the country, to provide messaging services to RCN's business customers. Market Impact RCN has teamed up with MessageClick to provide its business-based Read More...
Hosted Unified Communications: What You Need to Know to Determine if it is Right for Your Organization
A true unified communications (UC) solution, integrated with hosted voice over Internet protocol (VoIP) phone service helps improve fluidity of office

how to calculate inventory carrying cost  Unified Communications: What You Need to Know to Determine if it is Right for Your Organization A true unified communications (UC) solution, integrated with hosted voice over Internet protocol (VoIP) phone service helps improve fluidity of office communication and collaboration. But before decision makers can decide whether or not a hosted unified communications solution is right for their organizations, they must decide whether or not to adopt cloud (hosted) technology. Find out more. Read More...
How to Get Closer to Your Best Customers
In the white paper Get Closer to Your Best Customers, you'll find a host of new ideas and proven best practices for dealing with customers more e...

how to calculate inventory carrying cost  close to your customers, how to weather an unpredictable economy and emerge even stronger, ways to package your products, promotions, and pricing to satisfy changing customer demands, how to increase sales volumes, bring in new accounts, and develop new markets, and how to make sense of company data, and measure the effectiveness of sales and marketing campaigns. There are many ways to improve the way you approach customers during these difficult economic times. Learn about them in the white paper Get Read More...
How to Use Talent Supply Chain Management to Overcome Challenges in the Professional Services Market
Professional service providers are starting to apply supply chain management concepts to their strategies for hiring and retaining talent. Adapting to market

how to calculate inventory carrying cost  to Use Talent Supply Chain Management to Overcome Challenges in the Professional Services Market Professional service providers are starting to apply supply chain management concepts to their strategies for hiring and retaining talent. Adapting to market demands such as globalization and a more sophisticated client base means human resources departments need a complete and integrated process of talent management. But hiring and keeping top talent can also help you increase revenues and increase client Read More...

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