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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 carrying costs  the above definition of inventory carrying cost. However, what can be particularly annoying and hurtful is the notion of slow-moving items , or those inventory items with a low turnover. Inventory items falling in this category have relatively low rates of usage compared to 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 Read More
Quote-to-Order (Q2O) Systems
Quote-to-order (Q2O) solutions (sometimes known as configure, price, and quote or CPQ) enable manufacturers to mobilize their mass customization initiatives. These systems can reduce time-consuming...
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Documents related to » inventory carrying costs


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

inventory carrying costs  effectively as possible. However, inventory is the most significant factor on their balance sheets. If they are unable to manage this factor with greater precision, they are unlikely to succeed in increasingly challenging markets. Unfortunately, this is the case with too many distributors today. Their capital is tied up in inventories that do not reflect customer demand—or they are carrying duplicate and excessive stocks in their various warehouse locations that drive up costs. They also bear the Read More
10 Tips for Perfect (Nearly!) Inventory Accuracy
Even though we have made enormous advances in technology and business processes, many organizations and manufacturers still cannot perform basic warehouse

inventory carrying costs  the appropriate amount of inventory (i.e. not carrying too much at a time) is a major success factor for an organization. Inventory can only be maintained effectively with the right processes and with proper material handling procedures in place. Most inventory control problems arise from poor inventory control measures and lack of proper processes to report transactions happening in real time within the warehouse. If an inventory issue crops up, the warehouse acts in a reactive manner rather than trying Read More
Is There a Smarter Way to Handle Excess Active and Obsolete Inventory?
Imagine the convenience of a 24x7 intranet marketplace where companies could sell off their inventory to the highest bidder. FreeFlow is one such business

inventory carrying costs  costs —a subset of inventory carrying costs. Storage costs include the cost of warehouse utilities, material handling personnel, equipment maintenance, building maintenance, and security personnel. The phenomenon has even introduced the notion of reverse logistics , a complete supply chain dedicated to the reverse flow of products and materials for the purpose of returns, repair, remanufacture, or recycling. Many retailers have the proverbial problem of how to move inactive, grey market stock Read More
Inventory Management Technology Strategies for Distribution
Inventory has been—and continues to be—the lifeblood of the distribution marketplace. While many companies are slow to adopt new strategies and technologies, a

inventory carrying costs  customer lead times and inventory carrying costs rather than focusing on how to slash inventory within their own functions, which can create undesirable side effects for other parts of the organization. Renewed interest in another cross-functional process – sales and operations planning – is also helping to drive increased process innovations in the inventory management area. Figure 4. How Distribution Companies Manage Their Inventory Figure 5. How Inventory Organizational Strategy Impacts Customer 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 carrying costs  add business-wide visibility to inventory control and reduce costly downtime. Read More
The First Steps to Achieving Effective Inventory Control
Despite varying locations and industries, distributors worldwide often face similar inventory-related problems. Too much of one product, not enough of another

inventory carrying costs  Steps to Achieving Effective Inventory Control Despite varying locations and industries, distributors worldwide often face similar inventory-related problems. Too much of one product, not enough of another… and the list goes on. Discover how many forward-thinking distributors have learned to better manage production inventory—and increase efficiency and profitability—with smart inventory management strategies based on tried and proven methods and best practices. 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

inventory carrying costs  to Exceeding Expectations with Inventory Optimization Initiatives Logility Voyager Inventory Optimization improves the performance of multi-echelon supply chains, releasing millions in confined working capital and providing a new level of confidence in every supply chain decision. Source: Logility Resources Related to Six Keys to Exceeding Expectations with Inventory Optimization Initiatives : Supply Chain Optimization (Wikipedia) Six Keys to Exceeding Expectations with Inventory Optimization Read More
Managing Costs More Effectively: Sustaining a Lean Organization in Demanding Times
All midsize and larger companies think they have systems in place to manage costs, so they give this issue little ongoing thought. They may be blind to the

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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 carrying costs  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
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

inventory carrying costs  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
Click Commerce Helps Aviall Optimize Their Service Supply Chain and Reduce Excess Inventory
Availl, Inc, the leading solution provider of sales, supply chain management, and logistic services for the aviation industry. Learn how it used Click Commerce

inventory carrying costs  Chain and Reduce Excess Inventory Availl, Inc, the leading solution provider of sales, supply chain management, and logistic services for the aviation industry. Learn how it used Click Commerce Service Parts Optimization solutions to extend its inventory planning capabilities, enable comprehensive demand forecasting, and provide Web-based visibility into global inventories. Read More
How Companies Can Reduce Costs with Cloud-based Training
Today’s volatile economic climate has many regulated companies thinking differently about cost containment within all operations, particularly through training

inventory carrying costs  training,learning management,lms,roi,learning management system,learning management systems,open source learning management system,learning management system lms,learning management system software,online learning management system,learning management systems comparison,learning management system comparison,e learning management system,learning management system open source,lms learning management system Read More
RockySoft Inventory Management Suite
RockySoft's Web-based inventoy management modules for distribution and manufacturing include Active Inventory Manager, Demand Management, Demand

inventory carrying costs  Inventory Management Suite RockySoft's Web-based inventoy management modules for distribution and manufacturing include Active Inventory Manager, Demand Management, Demand Collaboration Portal, Economic Order Manager, Requirements Planner, Capable to Promise, Supplier Portal, and Vendor Managed Inventory. Read More
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