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Software Functionality Revealed in Detail
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 inventory control techniques articles


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 control techniques articles  for American Production and Inventory Control Society , but recently renamed the Association for Operations Management ) defines carrying cost as follows: The cost of holding inventory, usually defined as a percentage of the dollar value of inventory per unit of time (generally one year). Carrying cost depends mainly on the cost of capital invested as well as such costs of maintaining the inventory as taxes (based on the value of inventory on hand at a particular time) and insurance, obsolescence,

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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.

Compare Now

Process 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, human resources) and include, with varying degrees of acceptance and skill, many solutions that were formerly considered peripheral (product data management (PDM), warehouse management, manufacturing execution system (MES), reporting, etc.). While 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 old adage is "Such a beginning, such an end", and, consequently, many ERP systems' failures could be traced back to a bad software selection. The foundation of any ERP implementation must be a proper exercise of aligning customers' IT technology with their business strategy, and subsequent software selection. This is the perfect time to create the business case and energize the entire organization towards the vision sharing and a buy in, both being the Key Success Factors (KSFs). Yet, these steps are very often neglected despite the amount of expert literature and articles that emphasize their importance.    

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Documents related to » inventory control techniques articles

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 control techniques articles  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 Read More

Aligning a Manufacturing Vision with Processes through Mixed-mode ERP


Manufacturing organizations are under pressure to anticipate customer requirements and to quickly respond to an increasing array of changing market demands. Such organizations are meeting these challenges by implementing a variety of production strategies across multiple product lines. In doing so, they aim to maintain market share through growth and acquisition of companies that will complement

inventory control techniques articles  process orders • measurements in inventory accuracy and supplier performance • reports related to order delivery performance • the ability to set parameters related to key performance indicators and to display these in a web portal A Final Thought If your organization has grown as a result of an acquisition or a merger, you need to harmonize disparate legacy systems into a streamlined solution that can capture a wide variety of manufacturing processes. Perhaps it is time to take a look at how a Read More

Demand Planning: Optimizing Operations across the Supply Chain


Demand planning applications can help manufacturers establish baseline sales forecasts and perform analysis to improve resource usage. They can also help manufacturers optimize pricing capabilities and better understand their markets. Yet to get the most out of these tools, manufacturers must be willing to reorganize their planning processes—and to share the resulting insights with supply chain partners and customers.

inventory control techniques articles  | inventory accuracy | inventory control | inventory forecasting | inventory management | inventory optimization | inventory planning | inventory reduction | lean planning | lean production | lean supply chain | logistics planning | management forecasting | manufacturing planning | manufacturing software | methods planning | open source supply chain management | operation planning | operations management | operations planning | order fulfillment | order management | order planning | outsourcing supply Read More

Enterprise Applications--The Genesis and Future, Revisited Part Two: 1990s--Enterprise Resource Planning


Integrated enterprise resource planning (ERP) software solutions became synonymous with competitive advantage, particularly throughout the 1990's. Customers were demanding to have their products delivered when, where, and how they wanted them. Companies were therefore compelled to develop and embrace the philosophies of just in time (JIT) and closer supplier partnerships as a way to remain competitive.

inventory control techniques articles  enterprise including product design, inventory management, material planning, capacity planning, quality control, forecasting, budgeting, purchasing, distribution, reporting tools, and communication systems, to name but a few. These critical business issues affect not only manufacturing companies but also all companies that desire to achieve competitiveness by best utilizing their assets, including information. In other words, ERP systems should help companies become leaner by integrating the basic 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 techniques articles  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

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 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.

inventory control techniques articles  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

Managing Inventory for Optimal Advantage: 10 Common Inventory Mistakes and How to Correct Them


If your company is “fighting fires” daily to meet customer demand, then you’re already losing customers and missing new sales. Today, business is conducted in real time, which requires flexibility and responsiveness. It’s these two attributes—along with reduced costs—that are the most beneficial in managing for optimal inventory levels. Find out how you can better plan and manage your inventory for long-term survival.

inventory control techniques articles  Inventory for Optimal Advantage: 10 Common Inventory Mistakes and How to Correct Them If your company is “fighting fires” daily to meet customer demand, then you’re already losing customers and missing new sales. Today, business is conducted in real time, which requires flexibility and responsiveness. It’s these two attributes—along with reduced costs—that are the most beneficial in managing for optimal inventory levels. Find out how you can better plan and manage your inventory for Read More

5 Signs It’s Time to Gain Control of Your Spend


Indirect spend—the cost of goods and services that are not directly incorporated into your product—is a blind spot for most companies. And the more quickly you grow, the faster indirect spend gets out of hand—and the more it affects your company’s bottom line. How do you know when to upgrade your spend management system and gain control of your spend? Here are five signs that the time is now.

inventory control techniques articles  Signs It’s Time to Gain Control of Your Spend Indirect spend—the cost of goods and services that are not directly incorporated into your product—is a blind spot for most companies. And the more quickly you grow, the faster indirect spend gets out of hand—and the more it affects your company’s bottom line. How do you know when to upgrade your spend management system and gain control of your spend? Here are five signs that the time is now. Read More

Auto Supplier Chooses Plex Cloud ERP Over QAD, Eliminates Inventory Discrepancies


For several years, Spring Dynamics had been using an on-premise enterprise resource planning (ERP) system that included accounting functions and standard reports on inventory and accounts receivable and payable. Management wanted a more robust, comprehensive system that would also include shop floor operations and generate management reports. Learn how Plex Cloud ERP helped maximize overall business performance.

inventory control techniques articles  ERP Over QAD, Eliminates Inventory Discrepancies For several years, Spring Dynamics had been using an on-premise enterprise resource planning (ERP) system that included accounting functions and standard reports on inventory and accounts receivable and payable. Management wanted a more robust, comprehensive system that would also include shop floor operations and generate management reports. Learn how Plex Cloud ERP helped maximize overall business performance. Read More

Health eConnex: Processing In-house with Complete Remote Control


What do you do with a growing number of customers and not enough office space for workers? Health eConnex, a health care claims-processing service, found the solution in optical character recognition (OCR) for AnyDoc Software’s remote verification feature. Now employees telework, processing 75,000 claims a day with 99.5 percent accuracy. Learn how the solution helped make manual data entry a thing of the past.

inventory control techniques articles  eConnex: Processing In-house with Complete Remote Control What do you do with a growing number of customers and not enough office space for workers? Health eConnex, a health care claims-processing service, found the solution in optical character recognition (OCR) for AnyDoc Software’s remote verification feature. Now employees telework, processing 75,000 claims a day with 99.5 percent accuracy. Learn how the solution helped make manual data entry a thing of the past. 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 techniques articles  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

ERP Software Selection Case Study: Titan Flow Control Finds a Logical ERP Partner in TGI


Titan Flow Control, Inc. manufactures check and butterfly valves, pipeline strainers, pump products, fabricated designs, and accessories for industrial and commercial use. In 2008, Titan launched an enterprise resource planning (ERP) selection process to find a system that would meet its requirements for growth. Download this case study to learn about the benefits Titan experienced after selecting TGI's Enterprise 21 ERP software.

inventory control techniques articles  Software Selection Case Study: Titan Flow Control Finds a Logical ERP Partner in TGI Titan Flow Control, Inc. manufactures check and butterfly valves, pipeline strainers, pump products, fabricated designs, and accessories for industrial and commercial use. In 2008, Titan launched an enterprise resource planning (ERP) selection process to find a system that would meet its requirements for growth. Download this case study to learn about the benefits Titan experienced after selecting TGI's Enterprise 21 Read More

Network Access Control (NAC): Planning a Successful Rollout and Implementation


With the emergence of network access control (NAC) technologies, network administrators now have tools to gain critical network understanding. NAC solutions can contribute significantly to an organization’s business objectives by automatically enforcing network and security policies, preventing network downtimes, maintaining network integrity, and meeting compliance regulations. With this in mind, it’s important to look at what NAC implementations actually require.

inventory control techniques articles  Access Control (NAC): Planning a Successful Rollout and Implementation With the emergence of network access control (NAC) technologies, network administrators now have tools to gain critical network understanding. NAC solutions can contribute significantly to an organization’s business objectives by automatically enforcing network and security policies, preventing network downtimes, maintaining network integrity, and meeting compliance regulations. With this in mind, it’s important to look at Read More

Supporting Quality Control with a Factory Information System


When your quality control plan is complex because there are many features to control—and it involves many people—you need to pay special attention to your quality control process. Also, a complex plan places high demands on your software solution. Discover how an online integrated factory information system can work across production, job tracking, spoilage, and quality to support all of your quality control processes.

inventory control techniques articles  Quality Control with a Factory Information System When your quality control plan is complex because there are many features to control—and it involves many people—you need to pay special attention to your quality control process. Also, a complex plan places high demands on your software solution. Discover how an online integrated factory information system can work across production, job tracking, spoilage, and quality to support all of your quality control processes. Read More