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 inventory control technique


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 control technique  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.

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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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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 technique

Stand Up, Sit Down...Don’t Fight, Fight, Fight


Can you relate to the following software demo situation? Jennifer, the sales engineer, is at the keyboard. She's on a roll. She's been setting the stage to show how her price matrix capability will eliminate costly errors. This is all-important to the prospect. She has the audience's full attention and is steadily moving them toward her objective. Suddenly Robert, the account executive, interrupts from the back of the room. "Jennifer, I think this would be a great time to show how the information you’re working with updates the data warehouse and is immediately available for sales analysis purposes." Everybody shifts their attention from Jennifer and the all-important price matrix capability to Robert and the equally important data warehouse function. In an instant, the momentum Jennifer has been building dies.

inventory control technique  Up, Sit Down...Don’t Fight, Fight, Fight The Situation Can you relate to the following software demo situation? Jennifer, the sales engineer, is at the keyboard. She's on a roll. She's been setting the stage to show how her price matrix capability will eliminate costly errors. This is all-important to the prospect. She has the audience's full attention and is steadily moving them toward her objective. Suddenly Robert, the account executive, interrupts from the back of the room. Jennifer, I think Read More

Sorting Through the ERP, Lean MFG, APS, and MES Clutter - Part 2


Part 1 of this blog series started with the fact that the ability to sense demand and become a demand-driven (responsive) business is more than just the catch phrase du jour: it has become a recipe for survival. Every sensible enterprise is on a quest to deliver on time and as quickly as necessary, with minimum inventory (and working capital), and the highest necessary

inventory control technique  to stop, how much inventory would it have left? Well, the kanbans will be full, which is still less  work in progress (WIP)  than in non-lean plants, but the company is still not the leanest. Lean: Not the Panacea for Customized Items and Variable Demand Although lean initiatives that include “pull” signal systems seemed to be the way to go but for many manufacturing environments, kanban systems as a way to control production only go part of the way to completely satisfy a  make-to-order (MTO)  en Read More

Lean Tools and Practices that Eliminate Manufacturing Waste


A number of lean manufacturing tools and practices have long been used to reduce manufacturing waste. These include the five S's, visual controls, standardized work, mistake proofing, total productive maintenance, cellular manufacturing, single-digit setup, pull systems, sequencing, activity-based costing, and leveled production.

inventory control technique  aim is to improve inventory control and shorten production cycle times by controlling the level of inventory and work by the number of kanbans in the system. Over time and with process improvements, the quantity of components in the kanban bin can be reduced or resized dynamically, on-the-fly, as required. Pull systems and pull signals (i.e., any signal that indicates when to produce or transport items in a pull replenishment system) can be found in many operational departments. For example, in just-in-ti Read More

Brain of Supply Chain System


Advanced planning and optimization makes supply chain systems cost effective. It is the brain of the supply chain because it works on top of all other software tools that plan, monitor, and control supply chain activities and control them.

inventory control technique  distribution execution, warehouse management, inventory control etc. In other words, whereas other systems act as enablers to do the business activities. This optimization tool works as the brain behind all supply chain activities. The Technology Behind APO Most optimization tools are constraint-based programming, genetic algorithm-based computing, linear programming, or Taabu Search etc. It is interesting to note that most of the big ERP and SCM vendors (including the Big 5 ) use an algorithm developed Read More

Inventory Management: 3 Keys to Freeing Working Capital


In times of economic uncertainty, you need to actively seek out best practices in how to adopt practical working capital optimization to improve financial performance while maintaining customer satisfaction. Learn about the three key performance criteria that define best-in-class organizations, and how they’re making their focus within the supply chain on working capital—primarily by optimizing inventory management.

inventory control technique  working capital—primarily by optimizing inventory management. Read More

Better Together: Blades, Linux, and Insight Control


In today’s datacenter, management costs have eclipsed all others. Server management puts a huge strain on IT budgets and, as a result, solutions that reduce costs by simplifying IT infrastructures and automating management processes are in high demand. Thankfully, a Linux-hosted management tool delivers automation for key management process—allowing your IT talent to focus on real-time business needs.

inventory control technique  Together: Blades, Linux, and Insight Control In today’s datacenter, management costs have eclipsed all others. Server management puts a huge strain on IT budgets and, as a result, solutions that reduce costs by simplifying IT infrastructures and automating management processes are in high demand. Thankfully, a Linux-hosted management tool delivers automation for key management process—allowing your IT talent to focus on real-time business needs. Read More

10 Tips for Building a Real-time Weight Control System


It can be a real problem keeping prices competitive when manufacturing costs are soaring. Over-pack and giveaway can be a huge drain on company profits. However, real-time weight control software can pay tremendous dividends if implemented properly. Integrating a weight control database into an existing system can reduce errors, “fool-proof” data collection, and shift the system from reactive to proactive.

inventory control technique  Tips for Building a Real-time Weight Control System It can be a real problem keeping prices competitive when manufacturing costs are soaring. Over-pack and giveaway can be a huge drain on company profits. However, real-time weight control software can pay tremendous dividends if implemented properly. Integrating a weight control database into an existing system can reduce errors, “fool-proof” data collection, and shift the system from reactive to proactive. 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 technique  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

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 believe that their companies consistently carry 25 to 40 percent or more inventory than is needed.

inventory control technique  You want to get inventory under control before you introduce major new ERP and supply chain solutions-not afterwards. If you don't get the inventory on the right path first, today's bad inventory practices and policies are likely to be perpetuated tomorrow in the company's new Supply Chain Management system. Rapid Inventory Reduction A number of companies have used the Rapid Inventory Reduction Methodology as a way of quickly bringing their inventory levels down and into alignment with customer demand. Read More

Best Practices in Demand and Inventory Planning for Chemical Companies


Supply chain planning involves functions such as demand forecasting and planning, distribution inventory planning, and plant capacity planning and scheduling. The right mix of strategy, education, and systems can have a very high impact on a manufacturer’s overall operations—and ultimately its bottom line. Understand how supply chain functions such as demand and inventory planning can positively impact your company.

inventory control technique  Practices in Demand and Inventory Planning for Chemical Companies Supply chain planning involves functions such as demand forecasting and planning, distribution inventory planning, and plant capacity planning and scheduling. The right mix of strategy, education, and systems can have a very high impact on a manufacturer’s overall operations—and ultimately its bottom line. Understand how supply chain functions such as demand and inventory planning can positively impact your company. Read More

Leading Airline Improves Inventory Management


Delta is the world’s second largest airline in terms of passengers carried and the leading US carrier across the Atlantic, offering daily flights to 502 destinations in 88 countries. With $1 billion (USD) worth of parts inventory at one time, Delta needed a supply chain system to aid the company’s maintenance, repair, and operations (MRO) activities. Learn how Delta implemented a full MRO technology suite from Click Commerce, that focuses on supply chain management, configuration management, technical documentation, planning, and execution.

inventory control technique  Airline Improves Inventory Management Delta is the world’s second largest airline in terms of passengers carried and the leading US carrier across the Atlantic, offering daily flights to 502 destinations in 88 countries. With $1 billion (USD) worth of parts inventory at one time, Delta needed a supply chain system to aid the company’s maintenance, repair, and operations (MRO) activities. Learn how Delta implemented a full MRO technology suite from Click Commerce, that focuses on supply chain Read More

Network Access Control (NAC): CounterACT


The number of devices in the corporate world is increasing every year. And as mobility proliferates, so does the requirement for network security solutions to protect against external attacks, as well as attacks originating inside the network perimeter. However, network access control solutions can provide organizations with the ability to automatically enforce security policies, while still maintaining user productivity.

inventory control technique  Access Control (NAC): CounterACT The number of devices in the corporate world is increasing every year. And as mobility proliferates, so does the requirement for network security solutions to protect against external attacks, as well as attacks originating inside the network perimeter. However, network access control solutions can provide organizations with the ability to automatically enforce security policies, while still maintaining user productivity. Read More

Continental Control Systems LLC


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inventory control technique  Control Systems LLC Read More