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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.
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 inventory controls methods


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 controls methods  rethink their approaches to inventory management. While some industry leaders are demonstrating winning strategies and practices, industry laggards are now facing such problems as: Insufficient controls Excessive costs Strained customer service levels Today's laggards, however, have an opportunity to enhance operations—and even position themselves for success in the inevitable economic recovery. As leading distributors have discovered, new strategies and systems associated with advanced inventory

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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

ERP for Municipalities

In this model, we assume the municipality controls water, sewers and roads. We assume also that it collects municipal or county taxes and manages many of its own assets such as vehicles and water treatment plant. ERP software for Municipalities nearly always includes Finance, Customer Care and Billing For a complete municipal ERP suite, the following modules are usually included: - Human Resources - Maintenance Management - Asset Management - Project Management ( including Grant Management) - Quality Management - Analytics - Product Technology Of the above, Project and Quality Management modules may not be required for smaller Municipalities.    

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Documents related to » inventory controls methods

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 chain. Data must also be available to other application modules within the enterprise resource planning (ERP) system. An inventory optimization solution allows companies to effectively fulfill demand and identify how to gain additional profits from their inventories.

inventory controls methods  every business. The Challenge Inventory management is a fundamental requisite to supply chain optimization. The processes and controls of effective inventory management are critical to any successful business. Since it is rarely the case that any business has the luxury of unlimited capital, inventory management involves important decisions about what to buy or produce, how much to buy or produce and when to buy or produce within the capital limits. These are value decisions. Excessive inventory Read More

Streamlining Your Conversion to IFRS: Challenges, Choices, and Transformative Technologies


Transitioning to international financial reporting standards (IFRS) is more than just a mandate—it’s an opportunity for companies to improve their financial consolidation and reporting systems, and enable rapid legal compliance. But making the switch requires careful planning, thoughtful execution, and support from personnel throughout the enterprise. Find out how your company can manage the change.

inventory controls methods  Inventory Costing The LIFO inventory costing method is precluded by standard IAS 2. As a result, companies using LIFO under U.S. GAAP may experience significantly different operating results as well as cash flows under IFRS. Derivatives IFRS qualifies greater numbers of financial instruments as derivatives than U.S. GAAP. For example, IFRS considers option and forward agreements to buy unlisted equity investments to be derivatives. Research and Development Unlike U.S. GAAP, which charges all R & D costs 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 controls methods  absorption costing approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit of production (whereas the fixed costs are usually allocated to units of output on the basis of direct labor hours, machine hours, or material costs). Leveled Production Leveled production , known in Japanese as heijunka , involves producing products in a specific uniform cycle to overcome the queuing and line stoppage problems associated with traditional manufacturing and to Read More

Taking Stock of TAKE Supply Chain Solutions - Part 3


Part 1 of this blog series introduced TAKE Supply Chain, a supply chain management (SCM) division of TAKE Solutions, Ltd. The parent TAKE Solutions is a global technology solutions and service provider, which focuses on two principal business areas – life sciences and SCM (the company is listed on the Indian Stock Exchange). My first post described TAKE Supply Chain’s

inventory controls methods  Supply Chain solutions for inventory management, electronic lot control, drop-ship management, supplier collaboration, product returns, and so on and so forth. In addition to its own Agile Warehousing module (mentioned in Part 2) , with Gemini for Oracle, TAKE Supply Chain can also leverage WMS capabilities within Oracle, such as defined warehouses and picking policies. Gemini for Oracle offers transactions that combine separate standard Oracle MSCA or WMS transactions into one easy step, such as from Read More

Audit Considerations for Enterprise Software Implementations Part 2: Applying Controls and Audit Emphasis


Whether audit expertise is provided by an internal staff or an independent, outside agency, calling in an audit specialist is as normal as calling in a kicking specialist in a penalty or field goal situation in football. Particularly when you consider the majority of an enterprise software implementation is all about testing, the present of an auditor as a functioning member of the project team makes perfect and logical sense.

inventory controls methods  completion of a physical inventory can help the project with data cleansing and complete an audit requirement as well. In regard to data pruning, the auditor can assist in determining the legal and tax implications of deleting (or not converting) data. Not only can such pruning reduce the processing clock time of conversion runs but it can also reduce problems downstream. By reviewing the significant issues and findings from historical audits, an auditor can help the company avoid being placed in 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 controls methods  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

Unlocking Working Capital: Best Practices for Reducing Inventory


Two-thirds of the 400 survey participants in a 2007 Aberdeen report about inventory management place a high priority on working capital optimization. Many companies are reconsidering their business strategies, including implementing appropriate technology platforms that help automate supply chain processes. Learn about cost-effective and practical ways to reduce inventory so that working capital can be released.

inventory controls methods  Best Practices for Reducing Inventory Two-thirds of the 400 survey participants in a 2007 Aberdeen report about inventory management place a high priority on working capital optimization. Many companies are reconsidering their business strategies, including implementing appropriate technology platforms that help automate supply chain processes. Learn about cost-effective and practical ways to reduce inventory so that working capital can be released. 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 growing number of distributors are leveraging inventory practices to improve key metrics like customer retention, gross margins, and inventory turns. Read these research survey findings to find out how you can make better inventory management technology decisions.

inventory controls methods  you to see what inventory is or will be available, organize work and align resources and labor to satisfy customer requirements, and optimize fulfillment and distribution processes to ensure that products are delivered on time and in full, each and every time. Source : Infor Resources Related to Inventory Management Technology Strategies for Distribution : Distribution (business) (Wikipedia) Inventory (Wikipedia) Inventory Management Technology Strategies for Distribution Inventory Management is also Read More

Retail Systems: A Primer


The core components of a retail information system are inventory management, inventory optimization, revenue management, sales management, and reports and inquiries. Non-core components can include financial, supply chain management, enterprise resource planning, customer relationship management, and warehouse management systems.

inventory controls methods  of a retail system. Inventory management Inventory optimization Revenue management Sales management Reports and inquiries Note that this nomenclature is not an industry standard. Different merchandising software vendors have different naming conventions. However, all the capabilities categorized under these main areas are core components of a retail solution. Inventory management . No matter which proprietary title (e.g., merchandise management, merchandise inventory and analysis, or merchandise 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 controls methods  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

WorkWise's eWarehouse provides Groschopp with added control of the entire life cycle of its inventory


Groschopp initially purchased TCM in 1994 and subsequently expanded its usage to over 40 TCM licensed users and 12 data collection users. Groschopp has evolved into an expert user of the entire suite of TCM applications, including MRP, MPS, and Shop Floor Control with complex scheduling. One of their main objectives was the ability to bin track and optimize inventory, leading both to cost savings and also a more efficient operation.

inventory controls methods  life cycle of its inventory Groschopp initially purchased TCM in 1994 and subsequently expanded its usage to over 40 TCM licensed users and 12 data collection users. Groschopp has evolved into an expert user of the entire suite of TCM applications, including MRP, MPS, and Shop Floor Control with complex scheduling. One of their main objectives was the ability to bin track and optimize inventory, leading both to cost savings and also a more efficient operation. Read More

Establishing Standards for Automotive Inventory Visibility and Interoperability


As globalization, competition, and downward price pressures show no signs of easing, lean manufacturing—matching supply to demand, eliminating waste, and streamlining operations—still holds great promise for automotive suppliers to meet this challenges.

inventory controls methods  Standards for Automotive Inventory Visibility and Interoperability As globalization, competition, and downward price pressures show no signs of easing, lean manufacturing—matching supply to demand, eliminating waste, and streamlining operations—still holds great promise for automotive suppliers to meet this challenges. Read More

Using Supply Chain Design and Optimization to Reduce Inventory


Historically, companies have invested in tactical and operational supply chain technology solutions. These solutions helped model and operate existing supply chains, without addressing overall supply chain design and strategy. Companies are increasingly turning to strategic solutions such as supply chain design and optimization (SCDO) to help satisfy customer demand while balancing limitations on supply and the need for operational efficiency.

inventory controls methods  and Optimization to Reduce Inventory Historically, companies have invested in tactical and operational supply chain technology solutions. These solutions helped model and operate existing supply chains, without addressing overall supply chain design and strategy. Companies are increasingly turning to strategic solutions such as supply chain design and optimization (SCDO) to help satisfy customer demand while balancing limitations on supply and the need for operational efficiency. Read More

Inventory Control Is Perhaps the Most Powerful Tool You Have for Containing Your Warehousing Costs


Your company's success is not only dependent on sales, but also on your company's ability to say, "Yes we have that item in stock." The problem is, inventory control is usually an after thought.

inventory controls methods  Containing Your Warehousing Costs Inventory Control Is Perhaps the Most Powerful Tool You Have for Containing Your Warehousing Costs Featured Author - Ren Jones - November 26, 2005 Originally published - November 15, 2003 Inaccurate Inventory Costs Plenty What asset do you have that is more valuable than your people? Inventory! Without it what business would your company be in? Year after year we try to get a handle on this thing called inventory. We select the weekend, we order lunch, we discuss who Read More