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Can You Bring Cost Down through Better Inventory Management?
In my previous blog I discussed two approaches to bringing down your cost: cost cutting and cost reducing, with regards to the overall supply chain network. The

inventory and cost  with better or best inventory management processes and practices.Basically inventory can appear in a variety of forms, such as raw material, goods in process, and finished goods. And each form represents funds (money) that are tied up until that inventory is used up by company as sold goods. Similarly, in retail stores, any stock on the shelves represents dollars tied up until it sells. In other words, inventory is anything holding up operating funds. The main objective of a supply chain is to have the Read More
PLM for the Fashion Industry
Product Lifecycle Management (PLM) for Fashion is an evaluation model containing tailored PLM criteria and extra functionalities that serve the specificities of this industry in order to help fa...
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Documents related to » inventory and cost


Using Inventory Optimization to Reduce Inventory Levels in a Lean Environment
Small and medium businesses (SMB) need to address inventory challenges by using a tightly integrated approach that reflects the dynamics of the extended supply

inventory and cost  reduce inventory holdings, increase inventory turns and improve customer fulfillment. Introduction Inventory takes many forms, ranging from raw materials to fi nished goods. While holding large amounts of inventory enables a company to be responsive to fl uctuations in customer demand, the associated costs can be excessive. In order to operate in a lean environment at maximum effi ciency levels, companies must minimize all unnecessary expenses, including those associated with production and storage of Read More
Let the (Excess) Inventory Flow!
Because companies focus primarily on new product development and promotion, the problem of excess and obsolete inventory, once addressed, often leads to both

inventory and cost  the normal amount of inventory carried, and eventually become completely obsolete inventory . That is to say, the items have met the obsolescence criteria established by the organization. An example of obsolete inventory would be inventory that has been superseded by a new model or otherwise made obsolescent, and thus will never be used or sold at full value. While on the one hand disposing of such inventory may reduce a company's profit, on the other hand, a company that defers the liquidation process 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 and cost  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. Always look for item segments that can be improved to make forecasting more accurate. Analyze performance The purpose of analyzing performance is to see how the Read More
Inventory Optimization: A Technique for Improving Operational Inventory Targets
To boost efficiency, run leaner, and drive down the cost of supply, many organizations are exploring inventory optimization—a technique for improving

inventory and cost  Technique for Improving Operational Inventory Targets To boost efficiency, run leaner, and drive down the cost of supply, many organizations are exploring inventory optimization—a technique for improving operational inventory targets to address the realities of today’s highly complex, ever-evolving global supply chains. This paper examines how the stochastic multistage, multi-inventory model supports inventory optimization. Read More
Capturing Project Cost in Project ERP
Most enterprise resource planning (ERP) software is not designed to effectively capture cost in a project-based environment, such as engineer to order, engineer

inventory and cost  Project Cost in Project ERP Most enterprise resource planning (ERP) software is not designed to effectively capture cost in a project-based environment, such as engineer to order, engineer procure construct, or services. This white paper covers organizational and technology barriers to capturing project cost, along with criteria for selecting the ideal ERP for effective project costing for your organization. Read More
Cost and Pricing Models in Food and Beverage Processing: Seeing the Forest through the Trees
Lost sight of your bottom line? Product pricing not in step with your actual costs? So busy trying to stay on top of cost behavior that you can’t keep your

inventory and cost  and Pricing Models in Food and Beverage Processing: Seeing the Forest through the Trees Lost sight of your bottom line? Product pricing not in step with your actual costs? So busy trying to stay on top of cost behavior that you can’t keep your costs under control? Cost and pricing models, as part of an enterprise resource planning (ERP) system, can help you better understand your costs. Put corrective measures into motion before problems occur—and save your food and beverage enterprise time and Read More
Case Study: How Novelis Slashed Inventory by Eight Million Pounds
Novelis is the world leader in aluminum rolling and beverage can recycling. Novelis produces advanced aluminum sheet and foil products for customers in high

inventory and cost  Study: How Novelis Slashed Inventory by Eight Million Pounds Novelis is the world leader in aluminum rolling and beverage can recycling. Novelis produces advanced aluminum sheet and foil products for customers in high-value markets, including automotive, transportation, packaging, construction, and printing. Find out how scheduling technology improved some of its most important key performance indicators (KPIs). Read More
APICS 2009 Preview Webinar Series, Session 5: Managing Inventory in a Changing Economy
The 2009 APICS International Conference and Expo is starting next week in Toronto (Canada). One of the educational tracks is focusing on how to manage inventory

inventory and cost  by organizations to manage inventory and reduce waste during changing economic times. Gossard presented a simple methodology that uses data from existing systems (enterprise resource planning [ERP], supply chain management [SCM], or manufacturing requirements planning [MRP] applications) and finds which inventory rules are obsolete or not working in the organization’s favor. This methodology is the inventory quality ratio (IQR), a logic that has been around for quite some time, but that has not been Read More
ERP: Justifying the Cost
Many benefits accrue from deploying an enterprise resource planning (ERP) system. Many of these are tangible or quantifiable in nature; you can calculate the

inventory and cost  Justifying the Cost Many benefits accrue from deploying an enterprise resource planning (ERP) system. Many of these are tangible or quantifiable in nature; you can calculate the savings immediately. However, other benefits may not be quantified so easily, but they are also important. This whitepaper looks at both tangible and intangible benefits of deploying an ERP solution and attempts to give you good justification for the costs involved. Read More
CSN Achieves Streamlined Order & Inventory Management, Improves Customer Service


inventory and cost  Achieves Streamlined Order & Inventory Management, Improves Customer Service Read More
Inventory Reduction: Effectively Turning Excess Into Cash
In virtually all manufacturing companies, there is a direct correlation between inventory levels and overall business performance. In fact, CEO's and CFO's

inventory and cost  a direct correlation between inventory levels and overall business performance. According to Harold Geneen, the legendary financial genius and former chairman of ITT, all the problems of business end up in inventory. Most knowledgeable executives would agree with Geneen. In fact, CEO's and CFO's believe that their companies consistently carry 25 to 40 percent or more inventory than is needed. Assess Your Capabilities Ask your material planning and operations team to answer the following four questions. Read More
Cost Benefits of Complete Change Life Cycle Management for PeopleSoft
In hard economic times, IT organizations can maintain operational excellence and sustain service quality while still reducing costs. Achieving this objective

inventory and cost  Benefits of Complete Change Life Cycle Management for PeopleSoft In hard economic times, IT organizations can maintain operational excellence and sustain service quality while still reducing costs. Achieving this objective involves at least three aspects of application management: managing change, managing technical performance, and managing user performance. Learn more about managing the change process in your PeopleSoft environment, and the value of an integrated change solution. 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

inventory and cost  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. Read More

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