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 inventory control policies procedures


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 control policies procedures  needed to provide real-time inventory control and minimize paperwork. The Pharmaceutical industry needs ERP solutions that support large transaction volumes and automate purchasing and planning activities in order to react and meet constantly changing market requirements. Electrical component distribution In terms of sheer volume of SKUs, the electrical component distribution industry is among the highest. Some companies have more than 100,000 product lines. With this many SKUs, it is essential that the

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Browse RFP templates

Visit the TEC store for RFP templates that can save you weeks and months of requirements gathering, and help ensure the succes of your software selection project.

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Discrete Manufacturing (ERP)

The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as order processing and production scheduling. ERP began as a term used to describe a sophisticated and integrated software system used for manufacturing. In its simplest sense, ERP systems create interactive environments designed to help companies manage and analyze the business processes associated with manufacturing goods, such as inventory control, order taking, accounting, and much more. Although this basic definition still holds true for ERP systems, today its definition is expanding. Today’s leading ERP systems group all traditional company management functions (finance, sales, manufacturing, and human resources). Many systems include, with varying degrees of acceptance and skill, solutions that were formerly considered peripheral such as product data management (PDM), warehouse management, manufacturing execution system (MES), and reporting. During the last few years the functional perimeter of ERP systems began an expansion into its adjacent markets, such as supply chain management (SCM), customer relationship management (CRM), business intelligence/data warehousing, and e-business, the focus of this knowledge base is mainly on the traditional ERP realms of finance, materials planning, and human resources. The foundation of any ERP implementation must be a proper exercise of aligning customers'' IT technology with their business strategies, and subsequent software selection. 

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Documents related to » inventory control policies procedures

Is Epicor Poised to Rule the Mid-Market Retail Sector? (Part II)


Part I of this blog topic  introduced Epicor Software and its traditional vertical solutions. It also analyzed Epicor's forays into the attractive retail sector via the CRS acquisition two years ago. Designed for integration and scalability, the  Epicor/CRS Retail Suite can support a wide variety of retail enterprises' requirements. These environments range from the rapidly expanding regional

inventory control policies procedures  associates can remotely perform inventory control, item lookup, manager authorization, along with other key store functions. Epicor/CRS RetailCRM is a customer relations management (CRM) solution based on Microsoft .NET framework. By gathering and analyzing customer information from multiple channels,  RetailCRM can deliver a more accurate and comprehensive view of the customer to assist sales associates and marketing teams with better information to serve customers. Utilizing the data integration, Read More

Important Sarbanes-Oxley Act Mandates and What They Mean for Supply Chain Management


Two sections of the Sarbanes-Oxley Act (SOX) have major implications for supply chain management. Yet enterprises can meet the challenges created by SOX more easily by using software tools developed to simplify the processes for compliance with this law.

inventory control policies procedures  material transfers and poor inventory accuracy, most enterprises still have the responsibility for material control activities. In the past and all too often, material transfers and inventory transactions would not be processed in a timely manner, thereby creating a true inventory that is out of kilter with the expected-on-records situation. SOX, however, states that all movements of inventory or fixed assets must now be recorded in a timely fashion. In other words, all movements will have a definitive Read More

The Wheres of Electronic Procurement


An overview of one of the central issues facing a deployment of e-procurement: Who controls the software?

inventory control policies procedures  them exercise control over inventory and spending. E-procurement systems also provide new sources of supply and can lead to lower prices for the good being procured. It is no surprise that, according to a survey conducted by Purchasing magazine, 90% of purchasing professionals expect to be buying online by the year 2002. The market for E-procurement tools is estimated to grow from under $200 million in 1998 to $8.5 billion by 2003. But the wheres of electronic procurement may not be quite so obvious, Read More

How to Keep Stock Balances Accurate


Distributors must ensure the quantity of products shown to be available in their software system agrees with what is physically in their warehouses. If it doesn’t, valuable time and money are lost as customers seek other suppliers, salespeople physically check stock, and buyers are forced to overstock. Learn the policies and procedures that can maximize your inventory management system to maintain accurate stock balances.

inventory control policies procedures  balances accurate , asset inventory control , Stock Portfolio , How to Balance Your Stock Portfolio , Also stood for : Stock Management , Inventory Management , Stock and Inventory Management , Daily Stock Balance Report , Stock Balance Report . Contents Helping Distributors Maximize Business Potential Through Education and World-Class Technology The First Steps to Keeping Stock Balances Accurate Where to Begin? Understanding the Problem. Record All Material Movement. Put Your Best People in Receiving 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 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.

inventory control policies procedures  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

Configuration Audit and Control for Virtualized Environments


In the computing world, a dramatic shift is taking place—enabling a new way for IT departments to manage services. The promise of a leaner, more efficient data center has many businesses clamoring to go virtual. In the rush to virtualize, however, they have forgotten the painful and expensive lessons learned from introducing risk into the physical environment. Find out how detective controls can mitigate those risks.

inventory control policies procedures  Audit and Control for Virtualized Environments In the computing world, a dramatic shift is taking place—enabling a new way for IT departments to manage services. The promise of a leaner, more efficient data center has many businesses clamoring to go virtual. In the rush to virtualize, however, they have forgotten the painful and expensive lessons learned from introducing risk into the physical environment. Find out how detective controls can mitigate those risks. 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 in a changing economy. As inventory is a challenging issue for all types of manufacturing organizations, regardless of industry. If an organization can manage its inventory without losing focus on demand and where its dollars are being

inventory control policies procedures  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 in a changing economy. As inventory is a challenging issue for all types of manufacturing organizations, regardless of industry. If an organization can manage its inventory without losing focus on demand and where its dollars are being spent, it may achieve its inventory objectives. Gary Read More

How to Build an IT Infrastructure for Net Weight Control


A modern weight control system must support data entry from humans, as well as direct acquisition from weigh scales and devices. However, it cannot operate as a stand-alone point solution. It must span geographic space, hosting data from multiple lines and even divisions. And because of the proliferation of co-packers, it must sometimes even span company boundaries.

inventory control policies procedures  to Build an IT Infrastructure for Net Weight Control A modern weight control system must support data entry from humans, as well as direct acquisition from weigh scales and devices. However, it cannot operate as a stand-alone point solution. It must span geographic space, hosting data from multiple lines and even divisions. And because of the proliferation of co-packers, it must sometimes even span company boundaries. Read More

Self-service SOX Auditing with S3 Control


Compliance with the US Sarbanes-Oxley Act (SOX) is not a one-time project, but a sustained effort to gain visibility into processes affecting financial reporting accuracy. Most IT controls are manual, error-prone, and resource-intensive. However, there’s a new, radical solution: an automated IT control framework in which all the information required to verify compliance is available in a single reporting system.

inventory control policies procedures  service SOX Auditing with S3 Control Compliance with the US Sarbanes-Oxley Act (SOX) is not a one-time project, but a sustained effort to gain visibility into processes affecting financial reporting accuracy. Most IT controls are manual, error-prone, and resource-intensive. However, there’s a new, radical solution: an automated IT control framework in which all the information required to verify compliance is available in a single reporting system. Read More

Inventory Management Report: Driving the Fastest ROI for the Mid-market


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inventory control policies procedures  different warehouse management and inventory management needs than do small and mid-market companies. Find out about the key factors to success for mid-market companies, identify big-picture trends and needs that can help you overcome barriers to enjoy inventory management as a true strategic advantage—and learn about an inventory management solution specially designed for the mid-market. Read More

Kasten Consulting AG Buys Majority Share of IntellAgent Control


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inventory control policies procedures  Consulting AG Buys Majority Share of IntellAgent Control Event Summary ORLANDO, FL - January 17, 2000 - Today, Kasten Consulting AG (Kasten) Headquartered in Leverkusen, Germany, announced the purchase of the controlling interest in IntellAgent Control Corporation (ICC), a Dallas, Texas based Lotus Premier Business Partner. (Source:Kasten). Market Impact The controlling interest Kasten now has in ICC will enable Kasten to have a total CRM and customer support solution that can be sold worldwide. Read More

Leveraging Change Control to Meet PCI Requirements


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inventory control policies procedures  Change Control to Meet PCI Requirements Identity theft and credit card fraud affect all businesses—and the problem is only getting worse. In order to combat these threats, credit card companies have joined forces to introduce the Payment Card Industry Data Security Standard (PCI DSS). For financial institutions, complying with PCI DSS by using real-time monitoring and selective enforcement software can help to relieve the burden of unauthorized changes. Read More

Remote Control Software: A Primer


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inventory control policies procedures  Control Software: A Primer Remote control software allows you to work on a remote computer—located across the hall or around the world—in real time, as if you were using its own keyboard and mouse. And remote solutions can dramatically reduce your cost of supporting client desktops. But before implementing remote software in your company, learn about the various remote capabilities and features you need to consider, including automated scripting. Read More