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 inventory organization ideas


The Alignment-focused Organization
To close the gap between strategy, risk, and execution, companies need to build strategic alignment across all aspects of the business. Learn how your company

inventory organization ideas  sales, marketing, service, and inventory management teams. Live Operational Reviews Strategy management software can support preparation for any type of operational review by centralizing data, certifying its accuracy, and making it available for instant publication. Ideally, companies also need to be able to go live with their report to compare the most current data with that presented in the review (see Figure 8). When all reports are based on a single, trusted data source, participants can focus on

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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 Manufacturing (SMB)

TEC's new ERP for Manufacturing (SMB) evaluation model targets the software requirements of small and medium enterprises. If your organization doesn't have many sites to operate, seeks a solid base of ERP functionality, but doesn't want every possible feature of the biggest systems on the market, this model is a good starting place for your research. It covers fully featured accounting solutions with necessary manufacturing, inventory, human resources, purchasing, quality, and sales management functionality. 

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Documents related to » inventory organization ideas

Continuous Improvement Case Study: Taking Baby Steps towards Tangible Benefits


To improve supply chain operations with a fresh look and new ideas, Harris Tea worked with a consulting firm, Supply Chain Consultants. The objective was to optimize the entire supply chain, not just the pieces.

inventory organization ideas  procedures for procurement and inventory of specialized packaging materials (which would ensure that production was never limited by lack of packaging materials) while minimizing working capital in those materials. Although both Harris Teas and SCC were cautious about discussing specific benefits, Harpal Singh, SCC's founder and chief executive officer (CEO), pointed to typical improvements: Increased throughput (1 to 5 percent): Increased throughput is generally achieved because of better planning, Read More

Six Keys to Exceeding Expectations with Inventory Optimization Initiatives


Inventory optimization is a proven vehicle to gain competitive value through reduced inventory, freed-up working capital, and improved service levels. But leading the inventory innovation initiative in your organization requires more than an understanding of its enormous cost savings and customer service improvements. Discover the six most common factors that can make or break your inventory optimization projects.

inventory organization ideas  3PL's, from sales to inventory planners, and so on. The organization that succeeds is the one that realizes it has much more to gain by generating a shared understanding (vision) of the very supply chain they share ownership. Making inventory-related KPIs visible, comparable and available amongst all business units will create a sense of internal competition and achievement. Getting educated about Inventory Optimization is a good thing. Without air cover, many great supply chain initiatives wind up going Read More

Can You Bring Cost Down through Better Inventory Management?


In my previous blog I discussed two approaches to bringing down your cost: cost cutting and cost reducing, with regards to the overall supply chain network. The most effective way of cost reduction in supply chain is through the collaborative effort of the whole organization. As discussed previously, the supply chain has various areas where cost reduction can be done, but for this blog, I want to

inventory organization ideas  why when implementing any inventory management best practice, it’s important to have upper management’s support. Additionally, any process improvement should be in-line with the corporate objectives. Regardless of what size the organization is, any of the above inventory management best practices can be used to gain extraordinary results for the organization’s bottom line. As organizations have an overall objective to put best practices into its supply chain management, supply chain managers need Read More

The Alignment-focused Organization: Bridging the Gap between Strategy and Execution


Aligning your business plans with your method of execution requires more than a peek at financial metrics. Initiatives, tasks, people, and metrics must be aligned with corporate goals. Find out how strategy management software, alone or as part of a performance management solution, can provide clear visual links between individual initiatives and broader goals, and ultimately enhance your business’s overall performance.

inventory organization ideas  sales, marketing, service, and inventory management teams. Live Operational Reviews Strategy management software can support preparation for any type of operational review by centralizing data, certifying its accuracy, and making it available for instant publication. Ideally, companies also need to be able to go live with their report to compare the most current data with that presented in the review (see Figure 8). When all reports are based on a single, trusted data source, participants can focus on Read More

Employee Performance Management: Making It a Reality in Your Organization


Over 90 percent of human resources (HR) professionals rate employee performance management (EPM) as a top priority. Yet considerably fewer have EPM systems deployed within their organizations, mostly because of concerns about presenting a persuasive case for such projects to executive management. However, a structured approach to selecting, planning for, and implementing an EPM solution can help alleviate those concerns.

inventory organization ideas  Performance Management: Making It a Reality in Your Organization Employee Performance Management: Making it a reality in your organization If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader.   Halogen Software Inc. has established itself as the leading provider of employee performance management (EPM) solutions. Founded in 2001 as a subsidiary of a successful consulting company, Halogen offers powerful, easy-to-use, and affordable Read More

Inventory on the Water: Do You Know Where It Is?


Today, more and more companies are purchasing goods from overseas. But once those goods are on the water, many companies find it difficult to keep track of where they are at any given time. Ineffective container management leads to extra costs, but with Sage ERP X3’s import tracking functionality, business functions are tied together in a single database—enabling real-time access to information and improving productivity.

inventory organization ideas  on the Water: Do You Know Where It Is? Today, more and more companies are purchasing goods from overseas. But once those goods are on the water, many companies find it difficult to keep track of where they are at any given time. Ineffective container management leads to extra costs, but with Sage ERP X3’s import tracking functionality, business functions are tied together in a single database—enabling real-time access to information and improving productivity. Read More

Beating the Big Brands through Vendor-managed Inventory


A growing number of smart suppliers have recognized the competitive high ground to be seized as they deepen their connections to retail customers. By adding value in the replenishment process through vendor-managed inventory (VMI), small- and midsize manufacturers can differentiate themselves from larger brands. Most importantly, they can develop more profitable relationships with their retail clients. Find out how.

inventory organization ideas  Big Brands through Vendor-managed Inventory A growing number of smart suppliers have recognized the competitive high ground to be seized as they deepen their connections to retail customers. By adding value in the replenishment process through vendor-managed inventory (VMI), small- and midsize manufacturers can differentiate themselves from larger brands. Most importantly, they can develop more profitable relationships with their retail clients. Find out how. Read More

Choosing the Right Electronic Medical Record System for Your Health Care Organization


Health care organizations have special needs to consider when deciding what type of electronic medical record (EMR) system to implement. This article examines the advantages and disadvantages of on-demand and on-premise EMR systems.

inventory organization ideas  the Right Electronic Medical Record System for Your Health Care Organization Electronic medical record (EMR) systems come in two different models: on-demand and on-premise. An on-demand EMR solution is a Web-based application that the health care provider accesses through the Internet. The solution is administered remotely by a third-party vendor that oversees data management, software upgrades, and security functions. An on-premise EMR application resides in house, whereby an internal IT Read More

Achieving Effective Inventory Management with Dynamics GP and RockySoft


Looking for a way to maximize the productivity and profitability of your inventory investment? Although good inventory management software is one key to an effective inventory management program, it must be implemented by a team that thoroughly understands the distributor’s needs and challenges. Learn about two solutions that, when combined, can lead you toward the goal of achieving effective inventory management.

inventory organization ideas  Effective Inventory Management with Dynamics GP and RockySoft Looking for a way to maximize the productivity and profitability of your inventory investment? Although good inventory management software is one key to an effective inventory management program, it must be implemented by a team that thoroughly understands the distributor’s needs and challenges. Learn about two solutions that, when combined, can lead you toward the goal of achieving effective inventory management. Read More

Transforming Your Organization? Start with Accounting


Before the lean enterprise paradigm swept across the manufacturing industry, I doubt many business people would have considered accounting as a serious tool for changing the mindset of decisions makers and how businesses operate. It turns out, however, that there’s more than one way to do accounting, and the accounting approach an organization uses can have a significant impact on a business’s

inventory organization ideas  inventory, and theoretically that inventory can, in the case of a shift in demand or other conditions, be sold or reworked. Sounds reasonable, doesn’t it? In real life, this is the accounting standard that managers point to when they fearlessly pile up stocks in the form of economic batch size or start producing items per forecasted demand. In contrast, lean principles view any unnecessary inventory—including excessive WIP stocks—as a waste, to be minimized or eliminated. Lean accounting therefore Read More

Effective Inventory Analysis: the 5 Key Measurements


The white paper effective inventory analysis isolates and walks you through five simple measurements that will help you ensure you are maximizing t...

inventory organization ideas  Inventory Analysis: the 5 Key Measurements As a distributor or manufacturer, how do you stack up when it comes to monitoring the performance of one of your largest investments: your inventory? Computer-generated reports can be more of a hindrance than a help—many systems produce so many reports, you can drown in them. Measurements that evaluate inventory performance? There are literally hundreds of them, so which ones tell you what you really need to know? The white paper Effective Inventory Read More

Fixed Asset Inventory Best Practices


Asset management cannot be successfully implemented by your accounting department alone (or any other single department). That’s why you should be on top of today’s asset management climate and the tools available to improve controls. Learn about approaches that are getting results, and find out what doesn’t work (and why). Finally, get the lowdown on best practices which have proved both effective and durable.

inventory organization ideas  Asset Inventory Best Practices Asset management cannot be successfully implemented by your accounting department alone (or any other single department). That’s why you should be on top of today’s asset management climate and the tools available to improve controls. Learn about approaches that are getting results, and find out what doesn’t work (and why). Finally, get the lowdown on best practices which have proved both effective and durable. Read More

Customer Success Story: Batchmaster Provides Superior Inventory Control


Superior Quality Foods was growing, but poor inventory control was impacting its profitability. To ensure there was enough stock to meet production needs, it always ordered extra raw materials—just in case. To reduce costs and improve inventory control, Superior chose an enterprise resource planning (ERP) and mobile wireless inventory system—and since its implementation has realized 98 percent accuracy in inventory.

inventory organization ideas  Story: Batchmaster Provides Superior Inventory Control Superior Quality Foods was growing, but poor inventory control was impacting its profitability. To ensure there was enough stock to meet production needs, it always ordered extra raw materials—just in case. To reduce costs and improve inventory control, Superior chose an enterprise resource planning (ERP) and mobile wireless inventory system—and since its implementation has realized 98 percent accuracy in inventory. Read More

Meet Sage Inventory Advisor in the Cloud


Sage recently announced the general availability of Sage Inventory Advisor, a new cloud forecasting and planning solution that integrates with Sage enterprise resource planning (ERP) systems to provide companies with a daily diagnostic of inventory, reduce time spent on forecasts, and resolve the optimal investment required to achieve target fill rates. As a cloud-based subscription service, Sage

inventory organization ideas  Sage Inventory Advisor in the Cloud Sage recently  announced the general availability of Sage Inventory Advisor , a new cloud forecasting and planning solution that integrates with Sage enterprise resource planning (ERP) systems to provide companies with a daily diagnostic of inventory, reduce time spent on forecasts, and resolve the optimal investment required to achieve target fill rates. As a cloud-based subscription service, Sage Inventory Advisor should be fast to implement and accessible via a Read More