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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

inventory costs  and effi ciency Increasing inventory turns to improve profitability Allowing fewer expedites will keep costs in check Identifying service risk items before stock outs occur Improving supplier management lowers expedite costs, product holding costs and shortages with fewer disruptions The primary function of an Inventory Optimization solution is to allow companies to effectively fulfi ll demand and identify how to gain additional profi ts from their inventories. Value-added Benefi ts The system can 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 costs


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 costs  most effective use of inventory investments by reducing overall stock without increasing the costs of total inventory, all while achieving high customer service levels. Measuring these values draws a picture of where a company is at any given time. By comparing performance with competitors, they can also gain insight into improvement. To do that requires a common reference model for KPIs regarding inventory value and service levels. Such figures would give an idea of the potential performance and 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,

inventory costs  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 will be responsible for bringing in the doughnuts, we make sure someone orders enough pencils and markers, we get the post-it notes and the dots, and listen to our people give us any number of excuses as to Read More
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 costs  Further, the above mentioned inventory carrying costs invisibly yet measurably add to the financial exposure of excess and obsolete (E&O) inventory (see figure 2). As indicated earlier, carrying costs consist of warehouse costs (the direct cost per pallet of storage) as well as period costs, which typically include standard revision, excess and obsolete inventory reserve, and cost of capital. Figure 2 illustrates the cumulative effect of period costs, which, when combined with price erosion effects from Read More
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 costs  Management Solutions , Reducing Inventory Costs , Disparate Inventory Management Systems , Difficult Inventory Management Challenges , Approaches to Inventory Management , Inventory Investment , Margin for Error Around Inventory Management , Warehouse Inventory Management , Dilemma Associated with Inventory , Inventory Control Management , Inventory Management Capabilities , Absence of Inventory Control and Visibility , Purchasing Inventory Management , Loading Up on Inventory , Year-end Inventory Read More
Using IWR to Cut Labor Costs without Outsourcing
Intelligent word recognition (IWR) provides a competitive advantage for operations that rely on the conversion of paperwork into computer-usable form, such as

inventory costs  IWR to Cut Labor Costs without Outsourcing Intelligent word recognition (IWR) provides a competitive advantage for operations that rely on the conversion of paperwork into computer-usable form, such as data entry departments of big government agencies and large financial institutions. In fact, IWR can automate data entry at a cost so low that it enables users of the technology to successfully compete against offshore service bureaus. Read More
Build a Profitable Distribution Business in North America by Understanding and Tracking Your True Landed Costs
Identification of landed costs—a long-time goal of manufacturers, distributors, importers, and retailers—has grown in importance for all successful businesses

inventory costs  a Profitable Distribution Business in North America by Understanding and Tracking Your True Landed Costs Identification of landed costs—a long-time goal of manufacturers, distributors, importers, and retailers—has grown in importance for all successful businesses in today’s increasingly competitive market. This white paper focuses on mid-size business needs. It provides comprehensive background information; examines some common business challenges; suggests cost-effective solutions provides link 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

inventory costs  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
Global Asset Sustainability: Breakthrough Lean Best Practice Counters Rising Energy Costs
Leading companies are reducing energy consumption and costs as a top-priority initiative@with benefits ranging from more efficient operations to increased

inventory costs  maintenance, repair, and operating inventory levels and costs (see Figure 3). EAM helps companies use an increasingly critical asset performance metric: overall equipment effectiveness (OEE). This metric recognizes and factors in the major issues of availability, performance, and quality. This combined metric helps balance conflicting demands (for example, required throughput targets, the need to sometimes take equipment down for maintenance, and quality desired).  World-class companies now operate at Read More
5 Ways to Manage the Rising Costs of Benefits
You can use benefits to meet the needs of your workforce and successfully compete for top talent. As a business owner, it’s important to be aware of the ways

inventory costs  Ways to Manage the Rising Costs of Benefits You can use benefits to meet the needs of your workforce and successfully compete for top talent. As a business owner, it’s important to be aware of the ways you can manage costs and attract top hires. In this paper read about finding a benefits package that’s tailored to your industry; promoting health and wellness programs; taking the best advantage of technology; and more. Read More
How RAUCH GmbH Cut Its Publishing Costs by 90 Percent
Until 2004, German agricultural machinery manufacturer RAUCH created its technical publications in-house, relying on a service provider to create and translate

inventory costs  RAUCH GmbH Cut Its Publishing Costs by 90 Percent Until 2004, German agricultural machinery manufacturer RAUCH created its technical publications in-house, relying on a service provider to create and translate operation manuals. The problem: this was a massive, time-consuming effort requiring extensive communication between all parties. Clearly, RAUCH needed to change its approach. The solution: incorporating Arbortext IsoDraw into its technical publications workflow. Read More
Active RFID Solutions for Asset Tracking and Inventory Management
Radio frequency identification (RFID) technology is fast replacing ScanCode technology in asset tracking and inventory management. Traditionally, asset tracking

inventory costs  for Asset Tracking and Inventory Management Radio frequency identification (RFID) technology is fast replacing ScanCode technology in asset tracking and inventory management. Traditionally, asset tracking and inventory management in retail supply chain or manufacturing or service units depended heavily on manual scanning of bar code printed on each item at every strategic point. This white paper focuses on details of RFID technology and how you can automate asset tracking and inventory management of your Read More
A Guide to Evaluating the Real Costs of an Open Source CMS
A common misconception when considering a Web content management solution (CMS) is that open source software will save you time and money. Just because you don

inventory costs  Guide to Evaluating the Real Costs of an Open Source CMS A common misconception when considering a Web content management solution (CMS) is that open source software will save you time and money. Just because you don’t have to pay subscription fees or shell out for licensing doesn’t mean there aren’t hidden costs with open source implementation. Find out the questions you should ask before choosing open source—and how to best evaluate and compare your CMS options. Read More

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