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Effective Inventory Analysis
For many distributors, inventory is the largest and perhaps the most important asset. Inventory ties up more money than buildings or equipment, and is often less “liquid.” It is crucial, then, that distributors develop and use a comprehensive set of tools that allows close monitoring of the performance of inventory investments. Read more about simple measurements that can help you maximize your investment in inventory.

how to measure inventory accuracy  items do not reflect how well you stock material to meet your customers immediate needs. Distributors who include special order items and direct shipments when calculating a customer service level tend to overstate how well they are serving their customers from warehouse inventory. Sure, you would probably like to be able to fill 100% of customer requests for stock items out of your warehouse inventory. But this is often not practical. To understand why, let s look at a graph that compares the number of Read More...

Lean Inventory by the Numbers
Getting lean is not a simple task; it requires an aggressive, iterative approach to examine complex tradeoffs. And given the number of variables that characterize a distribution center (DC) and its constituent stock keeping units (SKUs), performing this type of analysis without using the right tools can be daunting—if not impossible. Find out how a tool-based approach can make getting lean easier.

how to measure inventory accuracy  Chain Management Buyer’s Guide How to Use Projects to Master Asset Management Acronym-Related White Papers: Business Intelligence (BI) |  Customer Relationship Management (CRM) |  Enterprise Resource Planning (ERP) |  Human Capital Management (HCM) |  Information Technology (IT) |  Key Performance Indicators (KPIs) |  Return on Investment (ROI) |  Software as a Service (SaaS) |  Total Cost of Ownership (TCO) Read More...
Merchandising Systems
Merchandising systems are the enterprise back and front-office software solutions upon which the majority of retailers rely to manage and support their daily tasks. These systems typically record p...
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Documents related to » how to measure inventory accuracy


Inventory (Out of) Control
In a market as competitive as the chemicals industry, providing high quality products to clients quickly and efficiently while meeting the rigorous regulations enforced on chemicals from formulation to shipment is no easy feat. Many companies struggle with sales forecasting and maintaining and tracking inventory. Many chemical manufacturers are turning to enterprise resource planning (ERP) software systems to add business-wide visibility to inventory control and reduce costly downtime.

how to measure inventory accuracy  Inventory (Out of) Control Inventory (Out of) Control Source: Deacom Document Type: White Paper Description: In a market as competitive as the chemicals industry, providing high quality products to clients quickly and efficiently while meeting the rigorous regulations enforced on chemicals from formulation to shipment is no easy feat. Many companies struggle with sales forecasting and maintaining and tracking inventory. Many chemical manufacturers are turning to enterprise resource planning (ERP) software Read More...
SAP to Acquire Inventory Optimization Vendor SmartOps
SAP announced on Friday evening its intention to (finally) acquire SmartOps, a move much anticipated for some time. The most enduring mystery about this is not that it happened, or why, but why SAP waited so long to make the move. SmartOps had established a leading position in the inventory optimization space, and had obviously formed a very close relationship with SAP, who realized long ago

how to measure inventory accuracy  analytics solution , and how this can be integrated with SAP solutions. With SAPPHIRE still 3+ months away, SAP and SmartOps have some time (but not a lot) to further develop some ideas and messaging for how their respective technologies hooked more closely together create new opportunities. When TEC briefed recently with SmartOps, we heard considerable excitement from the team about its Enterprise Demand Sensing. SmartOps feels that this new technology and solution puts the company at a technical Read More...
Inventory Planning & Optimization: Extending Your ERP System Part Three: Business Case for Inventor
Inventory Optimization software recognizes that different industries have different inventory profiles and requirements. Research has indicated that solutions are priced in a large range from tens of thousands of Dollars to millions of Dollars. In this niche market sector, price is definitely not an indicator of the quality of solution. ROI and usability are paramount.

how to measure inventory accuracy  also include the following: How long will it take to implement the new modules? Firms have a right to be cautious after some lengthy ERP implementation experiences. Inventory Optimization solutions that use data from the existing ERP or Transaction systems can be implemented in under 90 days. Not all projects turn out successfully as borne out by the recent Nucleus research report which stated that Fifty-five percent of the i2 customers interviewed did not believe they achieved a positive ROI from their Read More...
Inventory on the Water: Do You Know Where It Is?
Today, more and more companies are purchasing goods from overseas. But once those goods are on the water, many companies find it difficult to keep track of where they are at any given time. Ineffective container management leads to extra costs, but with Sage ERP X3’s import tracking functionality, business functions are tied together in a single database—enabling real-time access to information and improving productivity.

how to measure inventory accuracy  Inventory on the Water: Do You Know Where It Is? Inventory on the Water: Do You Know Where It Is? Source: Sage Document Type: White Paper Description: Today, more and more companies are purchasing goods from overseas. But once those goods are on the water, many companies find it difficult to keep track of where they are at any given time. Ineffective container management leads to extra costs, but with Sage ERP X3’s import tracking functionality, business functions are tied together in a single Read More...
Six Keys to Exceeding Expectations with Inventory Optimization Initiatives
Inventory optimization is a proven vehicle to gain competitive value through reduced inventory, freed-up working capital, and improved service levels. But leading the inventory innovation initiative in your organization requires more than an understanding of its enormous cost savings and customer service improvements. Discover the six most common factors that can make or break your inventory optimization projects.

how to measure inventory accuracy  we build, when and how much do we need to hold as safety stock. Finally, those plans go into action – the execution phase. ERP executes the plan. You will need to learn how your organization manages through each of these phases. Strategic planners need different tools to evaluate stepchange improvements in the supply chain, while day-to-day planners benefit from having a common process in place (instead of disparate spreadsheets). To lock in usage and inventory savings, you must support each of these Read More...
Inventory Pro: Efficient Inventory Management Solution


how to measure inventory accuracy  Inventory Pro: Efficient Inventory Management Solution Inventory Pro: Efficient Inventory Management Solution Source: CitiXsys Technologies Pty Ltd Document Type: Brochure Description: ... Inventory Pro: Efficient Inventory Management Solution style= border-width:0px; />   comments powered by Disqus Source: CitiXsys Technologies Pty Ltd Learn more about CitiXsys Technologies Pty Ltd Readers who downloaded this brochure also read these popular documents! Sales Process Map Best Practices for ERP Read More...
The Middle Kingdom - From Wired to Wireless
Confused about RFID middleware? RFID middleware has a critical role to play in cleaving together and clarifying the signals and intelligence, bidirectionally from the device layer to the business applications, or out to the communications infrastructure, to the web or satellites. This article explains it all.

how to measure inventory accuracy  data standards out there. How will middleware logic integrate and interpret to the miniature sensing devices, and interpret smell, spoilage, etc? There is huge power in the physical/sensing attributes of this technology—yet to be developed. All this is pretty cool stuff. And somewhere in your RFID stack all this work will need to get done. Ironically, the middleware applications in the market don t necessarily do all of this. (We will talk about that soon.) What Will Business Do with The Data? Read More...
Five Inventory Areas that Every Process Manufacturer Must Master
While many ERP systems claim to cater to the process manufacturing industry, a closer look reveals that in reality, little distinction is made within ERP applications to readily address the fundamental needs of a process versus a discrete manufacturer. This paper elaborates on one of the most fundamental requirements of process manufacturers—multidimensional inventory—which is noticeably absent from most ERP applications.

how to measure inventory accuracy  Five Inventory Areas that Every Process Manufacturer Must Master Five Inventory Areas that Every Process Manufacturer Must Master Source: FullScope Document Type: White Paper Description: While many ERP systems claim to cater to the process manufacturing industry, a closer look reveals that in reality, little distinction is made within ERP applications to readily address the fundamental needs of a process versus a discrete manufacturer. This paper elaborates on one of the most fundamental requirements of Read More...
How to Improve the Accuracy of Your Forecasts
Increased competition, lower margins, and more customer demands mean that distributors have to provide better product availability and more services with fewer profit dollars. To accomplish this, estimates of future use of stocked items must be as accurate as possible. Discover how analyzing weighted averages, trend factors, and other formulas can help you accurately anticipate—and manage—future demand for your products.

how to measure inventory accuracy  How to Improve the Accuracy of Your Forecasts How to Improve the Accuracy of Your Forecasts Source: Microsoft Document Type: White Paper Description: Increased competition, lower margins, and more customer demands mean that distributors have to provide better product availability and more services with fewer profit dollars. To accomplish this, estimates of future use of stocked items must be as accurate as possible. Discover how analyzing weighted averages, trend factors, and other formulas can help you Read More...

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