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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

inaccurate inventory  company's annual revenue. An inaccurate inventory causes several problems: lost sales, decreases in profitability, and lost productivity from searching for products. Companies use inventory as a security blanket to cover deficiencies in their warehouse. Given all of this, the only thing you really need to know is that it takes $2,500 in new sales to make up $100 in lost inventory, assuming a 4 percent return. I don't think I am the only one in our industry who knows this, but if I am not, then why are so Read More
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Documents related to » inaccurate inventory


How Inventory Optimization Can Increase Your Profitability
One of the largest expenses for distributors and wholesalers is stock. Many have difficulty finding the perfect balance between ensuring products are available

inaccurate inventory  and this leads to inaccurate forecasting data. For example, for many consumer electronics products, the life cycle is only a few months. This does not lend itself to accurate year on year statistical analysis. In combination with statistical forecasting inventory management software from IBS offers advance demand planning capabilities, allowing the flexibility to enter many more variables to add greater accuracy to the forecasting process. It allows companies to enter details of sales demands, marketing Read More
Cloverdale Foods Selects DEACOM ERP
Deacom, Inc., a provider of DEACOM, a broad enterprise resource planning (ERP) system for process manufacturers, announced recently that Cloverdale Foods

inaccurate inventory  prohibitive (e.g., inefficient processes, inaccurate inventory system, lack of lot traceability, etc.). Cloverdale had an affinity for Deacom's business and software models (i.e., the emphasis the vendor puts on the implementation process) almost immediately. The flexibility of the single software system and ability to make enhancements ensured that all of the manufacturer’s functionality needs would be met, while also providing scalability, aligning with Cloverdale's short- and long-term plans. Other Read More
Inventory Control Is Perhaps the Most Powerful Tool You Have for Containing Your Warehousing Costs
Your company's success is not only dependent on sales, but also on your company's ability to say,

inaccurate inventory  - November 15, 2003 Inaccurate Inventory Costs Plenty What asset do you have that is more valuable than your people? Inventory! Without it what business would your company be in? Year after year we try to get a handle on this thing called inventory. We select the weekend, we order lunch, we discuss who will be responsible for bringing in the doughnuts, we make sure someone orders enough pencils and markers, we get the post-it notes and the dots, and listen to our people give us any number of excuses as 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)

inaccurate inventory  part of inventory optimization. Inaccurate forecasts result in either overstock or understock, both of which can be very damaging to the business. Forecasting is the basis of warehouse stock levels and must be as accurate as possible. ERP software is a proven asset to have for reacting immediately to demand deviances in trends or seasonality. When it comes to forecasting, there are two main policies, both of which are important for different reasons: Statistical forecasting is controlled by rules and Read More
What Your Refrigerator Can Teach You about Lean Inventory
A lean supply chain consists of two major components—lean manufacturing and lean distribution—which focus on satisfying customer demand efficiently, at the

inaccurate inventory  Your Refrigerator Can Teach You about Lean Inventory A lean supply chain consists of two major components—lean manufacturing and lean distribution—which focus on satisfying customer demand efficiently, at the lowest cost, with the least amount of waste. But what if your replenishment strategy is your distribution center’s weakest link? To improve customer satisfaction and achieve efficiency and balance, your replenishment strategy must consider all the key variables. Read More
Inventory Management: 3 Keys to Freeing Working Capital
In times of economic uncertainty, you need to actively seek out best practices in how to adopt practical working capital optimization to improve financial

inaccurate inventory  Management: 3 Keys to Freeing Working Capital In times of economic uncertainty, you need to actively seek out best practices in how to adopt practical working capital optimization to improve financial performance while maintaining customer satisfaction. Learn about the three key performance criteria that define best-in-class organizations, and how they’re making their focus within the supply chain on working capital—primarily by optimizing inventory management. Read More
An Opportunity for Change: 10 Recommendations for Advancing Your HR Technology Strategy
This report outlines 10 recommendations for companies to advance its human resources (HR) technology strategy. From conducting a global systems inventory and

inaccurate inventory  Opportunity for Change: 10 Recommendations for Advancing Your HR Technology Strategy This report outlines 10 recommendations for companies to advance its human resources (HR) technology strategy. From conducting a global systems inventory and redeploying software to recalibrating talent strategies and targeting critical roles to focusing on end-user experience and tapping social collaboration, it offers easy-to-implement recommendations to help organizations d position themselves for long-term success. Read More
The Exacting Needs of Metal Service Centers
General enterprise resource planning (ERP) providers that are viable companies with a solid product, typically do not meet the dimensional inventory, chemical

inaccurate inventory  Exacting Needs of Metal Service Centers Needs Definition There is one market where the vast majority of general enterprise resource planning (ERP) products show a number of fatal flaws . Metal services centers, which perform operations like cutting, slitting, painting, galvanizing, anodizing, etc., and their related converting operations, which may involve paper, textiles, plastics, etc., suffer from an absence of must have capabilities. Such omissions impede an enterprise's operation—often Read More
Furniture Manufacturer Improves Inventory Accuracy by 85 Percent with RFID-capable WMS
Fraenkel Company is an employee-owned manufacturing distributor of household furniture and related products and services. The company created a sophisticated in

inaccurate inventory  Manufacturer Improves Inventory Accuracy by 85 Percent with RFID-capable WMS Fraenkel Company is an employee-owned manufacturing distributor of household furniture and related products and services. The company created a sophisticated in-house ERP system in the early 1990s. However, homegrown software can be unwieldy to maintain and difficult to upgrade. In 2001, Fraenkel saw a solution that offered more advanced capabilities, and implemented VAI’s S2K Enterprise Edition for Manufacturing. Read More
Merchandising Systems RFI/RFP Template
Inventory Management, Inventory Optimization, Price Management, Revenue Management, Master, POS, Reports and Inquiries and Product Technology

inaccurate inventory  Systems RFI/RFP Template Inventory Management, Inventory Optimization, Price Management, Revenue Management, Master, POS, Reports and Inquiries and Product Technology Read More
Six Steps to Effective Inventory Management
You can take two approaches to inventory management: assume it’s a necessary evil and implement an inventory reduction program when cash gets tight, or put an

inaccurate inventory  Steps to Effective Inventory Management You can take two approaches to inventory management: assume it’s a necessary evil and implement an inventory reduction program when cash gets tight, or put an active inventory management process in place, and continually improve the business results. Learn how to view inventory as cash that can be invested in other ways: move from reactive inventory management to lean and active inventory management in six easy steps. Read More
Fixed Asset Inventory Best Practices
Asset management cannot be successfully implemented by your accounting department alone (or any other single department). That’s why you should be on top of

inaccurate inventory  Asset Inventory Best Practices Asset management cannot be successfully implemented by your accounting department alone (or any other single department). That’s why you should be on top of today’s asset management climate and the tools available to improve controls. Learn about approaches that are getting results, and find out what doesn’t work (and why). Finally, get the lowdown on best practices which have proved both effective and durable. Read More
Transforming Inventory Into a Strategic Weapon
If you prefer the more productive, long-term approach, check out Transforming Inventory into a Strategic Weapon.

inaccurate inventory  Inventory Into a Strategic Weapon You can view inventory optimization as a one-time fix for quick returns, or a long-term strategy for competitive advantage. If you prefer the more productive, long-term approach, check out Transforming Inventory into a Strategic Weapon . In this practical guide , you'll learn how best-in-class companies create an ongoing competitive edge by aligning their day-to-day inventory plans with top-level corporate goals. You'll discover how to define the right supply Read More
MRP Success Story: Swiss American Products
Learn how Swiss-American Inc., a leading manufacturer of medical products, improved the accuracy of its inventory levels by adopting a new manufacturing system

inaccurate inventory  Success Story: Swiss American Products Learn how Swiss-American Inc., a leading manufacturer of medical products, improved the accuracy of its inventory levels by adopting a new manufacturing system complete lot traceability, manufacturing resource planning (MRP), purchasing, and manufacturing projections. Read More

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