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 inventory at 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 at cost  by having the right inventory in the right locations at the right time Identifying and discontinuing unprofi table slow movers Identifying and managing excess stock to improve cash fl ow and decrease holding costs Identifying and controlling the reduction of dead inventory Improving forecast accuracy for better planning Calculating safety stock appropriate to risk/service required Makes the company more effi cient Increasing automated ordering usage facilitates customer service and effi ciency Increasing

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

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Merchandising Systems RFI/RFP Template

Inventory Management, Inventory Optimization, Price Management, Revenue Management, Master, POS, Reports and Inquiries and Product Technology  

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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 most effective way of cost reduction in supply chain is through the collaborative effort of the whole organization. As discussed previously, the supply chain has various areas where cost reduction can be done, but for this blog, I want to

inventory at cost  sells. In other words, inventory is anything holding up operating funds. The main objective of a supply chain is to have the right inventory, at the right time, at the right location with the right quantity. To achieve this objective, it’s key to have a proper inventory management process in place within the organization. There are numerous ways to achieve this without driving up the cost of operations or the cost of inventory. Most importantly, such strategies will help the organization reduce the Read More

Capitalizing on Advanced Inventory Management


Today’s distributors have an opportunity to drive performance to new levels by investing in advanced inventory management. These companies can expect to increase inventory visibility while driving down inventory costs. Learn how these kinds of inventory management initiatives can help your company strengthen customer relationships, bargain for better terms with suppliers, and generate more profitable growth.

inventory at cost  edge. Rather than manage inventory at the facility or company level, enterprising companies are using network-based inventory management software, which allows them to position their inventory where it is most needed and can provide the most profitability. By distributing inventory in its most advantageous positions, companies are able to achieve a higher return on assets than the competition. Source: Infor Resources Related to Capitalizing on Advanced Inventory Management : Supply Chain Management 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 the inventory and dollars flying out the door. There should be smarter ways of handling this problem.

inventory at cost  the market value of inventory at any stage in its life cycle. An enterprise can either firmly manage the NPDI phase-in/phase-out processes resulting in low levels of residual inventory or, conversely, it can face large volumes of obsolete product. Whichever the case, the same market pressure applies to both, as prices continue to drop steeply with each month of product obsolescence (see figure 1). In this illustration, the time axis consists of the following phases from left to right: new product 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). However, many companies implementing an ERP solution don’t add a dedicated inventory optimization module. Learn how inventory optimization can offer companies huge potential to maximize the value of IT investments—and keep inventory levels at the right balance.

inventory at cost  most effective use of inventory investments by reducing overall stock without increasing the costs of total inventory, all while achieving high customer service levels. Measuring these values draws a picture of where a company is at any given time. By comparing performance with competitors, they can also gain insight into improvement. To do that requires a common reference model for KPIs regarding inventory value and service levels. Such figures would give an idea of the potential performance and Read More

Whirlpool Selects aPriori for Product Cost Management


Whirlpool Corporation, a world renowned manufacturer of major home appliances, recently announced it would use aPriori to automate its product cost estimating processes, drive global consistency in costing practices, and provide a central cost management database for use by cross functional product development teams. Using aPriori’s real-time product cost assessments, employees in design, engineering, sourcing, cost engineering, and manufacturing can make better informed decisions that drive costs out of product pre- and post-production.

inventory at cost  Selects aPriori for Product Cost Management Whirlpool Corporation , a world renowned manufacturer of major home appliances, recently announced it would use aPriori to automate its product cost estimating processes , drive global consistency in costing practices, and provide a central cost management database for use by cross functional product development teams. Using aPriori’s real-time product cost assessments, employees in design, engineering, sourcing, cost engineering, and manufacturing Read More

New CEO at Descartes


Descartes Systems Group has announced the appointment of Edward J. Ryan as Chief Executive Officer, taking the spot that has been occupied by Art Mesher since 2004. Senior SCM analyst Bob Eastman provides some background.

inventory at cost  CEO at Descartes Descartes Systems Group has announced the appointment of Edward J. Ryan as Chief Executive Officer, taking the spot that has been occupied by Art Mesher since 2004. Mr. Ryan has been serving as Descartes’ Chief Commercial Officer since 2011, and served in other roles since joining Descartes in 2000. The announcement comes just 2 weeks after Descartes’ recent user event, and a week before Descartes is due to announce third-quarter fiscal 2014 (Q3FY14) financial results. Although Read More

AT&T Has a Thing for Media


In February 2000, AT&T announced their 'Ecosystem' which offers network infrastructure and hosting services. They’ve done it again, but this time focusing on the delivery of media. The AT&T 'Ecosystem For Media' is designed to be the industry’s premiere end-to-end digital media platform with the goal to serve 10 million simultaneous streaming media internet users.

inventory at cost  T Has a Thing for Media AT&T Has a Thing for Media A. Turner - August 7, 2000 Event Summary In July, AT&T announced its Ecosystem for Media, a network services platform with a co-marketing and distribution program that will allow companies to create, manage and distribute audio and video to millions of users over the Internet. Working closely with Inktomi, Microsoft, RealNetworks and other industry leaders, AT&T will leverage its data and Internet infrastructure, digital media production capabilities 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 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.

inventory at cost  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

Controlling Project Cost Overruns


This white paper examines how Pertmaster can reduce exposure to project cost risk throughout the project lifecycle by using a combination of a high level cost estimate analysis and a detailed schedule-based cost risk analysis. Contingency and management reserve is also discussed.

inventory at cost   Read More

Supply Chain Cost-cutting Strategies


Process industries (chemicals, food and beverage, oil and gas, etc.) face rising manufacturing and logistics costs. And they’re finding that the old strategies for cost containment no longer pack the same punch. Some surveys show that 75 percent of all respondents are redesigning their supply chains to keep these costs in check. Are you one of them? No? You’ve got a lot of catching up to do—and very little time to do it.

inventory at cost  2006) Technology Strategies for Inventory Management (September 2006) Technology Strategies for Integrated Business Planning (July 2006) Global Supply Chain Benchmark Report (June 2006) Information on these and any other Aberdeen publications can be found at http://www.aberdeen.com/ . THIS DOCUMENT IS FOR ELECTRONIC DELIVERY ONLY The following acts are strictly prohibited: Reproduction for Sale Transmittal via the Internet   Copyright© 2007 Aberdeen Group, Inc. Boston, Massachusetts   Terms and Read More

The Impact of Technology on Cost in Business Process Outsourcing


Many different factors contribute to the cost of a business process outsourcing (BPO) engagement. Among them, IT, especially software, is a key cost determinant that is often underestimated. A diligent assessment of BPO needs to address several cost components that are not included in the provider’s total contract value (TCV)—components which are often overlooked by buyers.

inventory at cost   Read More

Superhighway at the Crossroads: The Evolution of Internet Service Provision


The Internet has grown from mainly academic and military use into a global, integrated, and sophisticated commercial utility. Not just an “information superhighway,” it now offers voice telephony, video, and mobile communications in a converged network. Connection services have expanded, and Internet service providers (ISPs) are adding value. Explore the challenges and opportunities—and find out what lies ahead.

inventory at cost  at the Crossroads: The Evolution of Internet Service Provision The Internet has grown from mainly academic and military use into a global, integrated, and sophisticated commercial utility. Not just an “information superhighway,” it now offers voice telephony, video, and mobile communications in a converged network. Connection services have expanded, and Internet service providers (ISPs) are adding value. Explore the challenges and opportunities—and find out what lies ahead. Read More

Connecting Low-cost Servers to SAN


Most IT managers have proven, cost-effective ways to increase the return on investment (ROI) of existing infrastructures—that is, storage area networks (SANs). SANs provide high-availability storage to servers within corporate infrastructures. Connecting low-cost servers to SANs makes business sense, as it dramatically reduces the cost-per-server connection to well below $100 (USD).

inventory at cost   Read More

Fixed Asset Inventory: A Guide to Getting Started


Implementing a fixed asset inventory solution and performing proper accounting of assets can save time and money, reduce theft, improve planning and budgeting, eliminate “ghost assets,” and help an organization recover after a natural disaster. However, the importance of tracking and managing fixed assets such as land, buildings, transportation, and manufacturing equipment is often overlooked. This white paper discusses best practices for fixed asset inventory management and suggests tips for implementing a successful inventory process, including how to create an asset inventory process, implement a label and scanning solution for tracking of assets, establish an accurate baseline of fixed assets, and design a “go-forward” strategy for maintaining an asset inventory.

inventory at cost  Implementing a fixed asset inventory solution and performing proper accounting of assets can save time and money, reduce theft, improve planning and budgeting, eliminate “ghost assets,” and help an organization recover after a natural disaster. However, the importance of tracking and managing fixed assets such as land, buildings, transportation, and manufacturing equipment is often overlooked. This white paper discusses best practices for fixed asset inventory management and suggests tips for Read More