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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

inventory abc classification  the center of this inventory control software is a matrix with a volume value code, which quantifies the revenue ratio of each product based on traditional ABC classification. It also contains a movability code, which defines the throughput time from slow-movers to non-movers. This provides a stable basis for a sophisticated solution that can cope with the various parameters for each stock item. For example, to lower stock levels for some segments and to minimize procurement and reception processes for ot Read More...
Help Desk for the Health Care Industry
Help Desk is an application for assisting and managing calls for support from computer users. It also includes computer and software inventory tracking along with technical support knowledge bas...
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Documents related to » inventory abc classification


What Can Manufacturers Do in a Tough Economy? - Part I
According to the proverb “calamity is the touchstone of a brave mind,” in these tough times some supply chain management (SCM) vendors have been trying to take

inventory abc classification  cash by optimizing the inventory mix is important for companies facing declining profitability and especially important for leveraged companies who depend on debt, which has recently become scarcer and more expensive. Advice #3 Change the Product Mix Strategy to Place Additional Emphasis on Value-Based Products -- As both consumers and businesses reign in spending, they will re-evaluate their budgets and suspend buying premium products that are non-essential and trade-off to buy more value-based product Read More...
Evaluating Enterprise Software - Business Process or Feature/Function-Based Approach? All the above, Perhaps? Part Two
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

inventory abc classification  modular manner (e.g., under inventory management, master data/units, or elsewhere), or specified somewhere within, for example, the order-to-delivery process. Similar would hold true for e.g., the release accounting functionality for an automotive OEM supplier, regardless of whether it will be specified within the traditional cost accounting or invoicing module or within a step of a trendier procure-to-pay business process. In any case, be very careful not to overlook this essential functionality so Read More...
Optiant Going to a (Much) Better Place: Logility - Part 1
The mergers and acquisition (M@A) market seems to be coming back slowly. One evidence of this could be the late-March acquisition of long-struggling

inventory abc classification  some capabilities to optimize inventory across the entire supply chain and provide answers to the following questions: “Where should we place the inventory?” and “What service level should we use?” In addition to the  normal (Gaussian) error distribution  model, the current Logility Voyager Solutions Suite also includes a  Poisson distribution  model for low volume/lumpy demand items (e.g., for spare parts). Companies could create multiple what-if simulation scenarios, such as by the item’s� Read More...
Driving Costs Out of the Supply Chain: Inbound Logistics
One of the most neglected areas of the manufacturing and retail supply chain is the inbound logistics segment. Following best practices and creating a

inventory abc classification  set of criteria (need, inventory stocking cost, transportation cost, ABC classification). In other industries, for example the bulk commodities industries (cement, asphalt, chemical) commodities do not lend themselves well to potential information and asset related logistics costs reduction opportunities. Understand and analyze the optimization problem for inbound logistics practices. Do not create an optimization problem you cannot solve. Pick your constraints and your optimization time buckets judicious Read More...
Transforming Inventory into a Strategic Weapon
Strategic inventory management requires a deep understanding of how the end-to-end supply chain is managed. From intelligently micro-segmenting products to

inventory abc classification  Inventory into a Strategic Weapon Strategic inventory management requires a deep understanding of how the end-to-end supply chain is managed. From intelligently micro-segmenting products to creating continuous inventory process improvements, few businesses are capable of transforming their inventory into a competitive advantage. Some forward-looking leaders—backed by technology and expertise from JDA—are changing the definition of inventory optimization. Read how. Read More...
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

inventory abc classification  add business-wide visibility to inventory control and reduce costly downtime. Read More...
The Return of Supplier Relationship Management
Globalization, technology stabilization, inventory visibility, and traceability are forcing organizations to reevaluate supplier relationship management systems

inventory abc classification  adoption of mandated standards, inventory visibility, methods of managing stabilizations of technologies, and dealing with supplier auditing issues will be examined. Reasons for the Resurfacing of SRM Globalization As organizations expand and become global operating entities, SRM is viewed as a method to help manage the process. The manufacturing of products is now largely outsourced to the East, as North America has become a service-based economy. This change in business structure has caused Read More...
Cost-justifying Warehouse Management Technologies in Small and Midsized Warehouses
The warehouse management system (WMS) concept has matured into a collection of time-tested technologies that reduce inventory costs and increase overall

inventory abc classification  Management System , Warehouse inventory control , Warehouse Picking Systems , Warehouse Management System Resources , Distribution Management , Inventory Management Systems , Manufacturing Resource Planning , WMS Systems , Warehousing Management , Warehousing Functions , Warehouse Management System . Table of Contents Introduction RF-based Integrated WMS Working with WMS Receiving and Put Away Picking and Packing Shipping Inventory Control Return on Investment Typical Configuration Diagram Sage Accpac Read More...
How Better Inventory Planning Can Unlock New Profit Potential for Distributors
Distributors increasingly play a value-added role in the supply chain. To remain competitive, they must rapidly react to the slightest changes in demand. But

inventory abc classification  Better Inventory Planning Can Unlock New Profit Potential for Distributors Distributors increasingly play a value-added role in the supply chain. To remain competitive, they must rapidly react to the slightest changes in demand. But current forecasting techniques and the tools most distributors use don’t allow the needed long-term visibility. Discover how new solutions for demand planning can address the challenges of forecasting, and reduce obsolescence and the cost of inventory investment. 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)

inventory abc classification  Stock, More Profit: Inventory Optimization Less Stock, More Profit: Inventory Optimization If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. IBS is a world-leading supplier of business systems and supply chain management solutions to distribution and manufacturing companies. Source : IBS Resources Related to Inventory : Inventory (Wikipedia) Less Stock, More Profit: Inventory Optimization Inventory is also known as : Inventory 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

inventory abc classification  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...
Grocery Chain Gains Productivity and Information Visibility for Better Inventory Control


inventory abc classification  Information Visibility for Better Inventory Control Read More...

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