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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

inventory reduction methods  continuously assess specific items inventory reduction potential? input type= checkbox name= C5 value= ON > input type= checkbox name= C6 value= ON > 4. Does your decision-support system help you establish a baseline, set clear targets and provide on-going performance measurement for every item in your inventory? input type= checkbox name= C7 value= ON > input type= checkbox name= C8 value= ON >   What is likely to happen is that many individuals will skip over key words and, at first, answer Read More...
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 or...
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Documents related to » inventory reduction methods


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

inventory reduction methods  level of accountability, local inventory reduction and service level programs will thrive. Locally optimized programs, despite their good intentions, almost always lead to higher working capital costs and service level challenges Actively manage in-transit inventory through supply chain visibility Distribution enterprises with long transit times should investigate the different ways to use in-transit inventory as a virtual inventory bin to lower safety stock levels, reduce total delivered costs, and Read More...
Taking Control: Improved Inventory Visibility Leads to Lean Success
While inventory reduction is a worthy goal for manufacturers, with less “cushion” mistakes and surprises can be costly. When looking at inventory levels and how

inventory reduction methods  to Lean Success While inventory reduction is a worthy goal for manufacturers, with less “cushion” mistakes and surprises can be costly. When looking at inventory levels and how to reduce them, it is important to understand the role that inventory plays in the dynamics of plant operations. This paper focuses on inventory inside the plant—from receipt of parts and materials to shipment of finished products—to help you safely reduce your inventory. Read More...
The Power of Inventory Control: How Integrated, Serialized Inventory Tracking Delivers a Competitive Advantage
Today’s manufacturers work hard to meet customer delivery schedules with quality parts while reducing costs. Those companies that can meet these demands can

inventory reduction methods  Power of Inventory Control: How Integrated, Serialized Inventory Tracking Delivers a Competitive Advantage Today’s manufacturers work hard to meet customer delivery schedules with quality parts while reducing costs. Those companies that can meet these demands can reduce work-in-process inventories and minimize production costs. But many fail at this due to inefficient material handling and inventory control. See how advanced ERP systems reflect the physical reality of the material handling process Read More...
Zooming into an Inventory Free Flow
FreeFlow, a provider of business services with a patented technology, aims to help companies improve product life cycle profitability by providing a unique

inventory reduction methods  sell off their excess inventory to the highest bidder, and buyers can purchase needed items for a steal. Is There a Smarter Way to Handle Excess Active and Obsolete Inventory? Given that one man's challenge often presents another man's opportunity, this brings us again to FreeFlow ( http://www.FreeFlow.com ). FreeFlow is a privately held provider of business services and patented technology whose stated mission is to help customers improve product life cycle profitability through the proactive Read More...
Recruiting Trends: 4 Methods for Finding the Right Talent
When it comes to finding the right talent, today’s organizations have plenty of options. With the increasing popularity of social networking, however, companies

inventory reduction methods   Read More...
Supply Chain Management: Morphing the Functional Scope of Service Parts
The quintessential business challenge is to minimize downtime on assets while minimizing the cost of spare and replacement parts inventory. To meet these

inventory reduction methods  replacement parts management has inventory optimization at its core that determines the best way to stock inventory across the supply chain to maximize service levels while minimizing investment. In other words, the basic goal is to maintain the optimal placement of resources, including parts, tools, and service technicians, across service regions to meet service level agreement (SLA) commitments at the lowest possible cost. These spare parts planning systems provide the means to define and implement a 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

inventory reduction methods  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...
Retail Systems: A Primer
The core components of a retail information system are inventory management, inventory optimization, revenue management, sales management, and reports and

inventory reduction 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...
Retail Merchandising
Retail Merchandising systems allow users to effectively manage inventory across the enterprise, helping them to buy smart and sell through efficiently

inventory reduction methods  users to effectively manage inventory across the enterprise, helping them to buy smart and sell through efficiently. Retail Merchandising is highly effective for hard-line and soft-line retailers alike. Retailers benefit from features such as automated replenishment, native style-color-size-size2 item matrices, advanced allocation methods, and stock balancing. Total cost of ownership is further reduced by leveraging additional integrated modules within Retail Merchandising, such as distribution center Read More...
Overcoming Chemicals Industry Challenges through Optimization of Distribution and Inventory
For chemical companies, optimizing the distribution network and rationalizing inventories are the keys to an efficient supply chain and smoother operations

inventory reduction methods  Optimization of Distribution and Inventory Optimizing Distribution and Rationalizing Inventories Most chemical companies are still unable to profitably respond to highly variable demand, or to execute predictable product supply strategies. A previous note, So What's the Big Deal with Chemicals? , presented the current state of the chemicals industry, including a discussion of the challenges the industry faces. Part Two of the series So What's the Big Deal with Chemicals? Optimizing the distribution Read More...
The Top Nine Inventory Management Mistakes: Worst Practices and How to Turn Them Around
Every distributor and manufacturer can find ways to optimize processes. But there are key challenges to infusing efficiency and profitability into your

inventory reduction methods  Top Nine Inventory Management Mistakes: Worst Practices and How to Turn Them Around Every distributor and manufacturer can find ways to optimize processes. But there are key challenges to infusing efficiency and profitability into your established inventory management practices. Learn about common challenges and roadblocks to converting inventory from cost to competitive advantage—and learn from the nine “worst practices” that can help you benchmark your current inventory management strategy. Read More...
Inventory Planning & Optimization: Extending Your ERP System Part Three: Business Case for Inventory Optimization Solutions
Inventory Optimization software recognizes that different industries have different inventory profiles and requirements. Research has indicated that solutions

inventory reduction methods  Three: Business Case for Inventory Optimization Solutions The Case for an Inventory Optimization Solution Inventory Optimization solutions allow an organization to achieve a balance between the most efficient investment in inventory and highest customer service levels. One such misconception is that existing enterprise resource planning (ERP) systems can handle inventory management adequately. For small distributors not working in complex environments, this may be true. Most ERP systems do count and trac Read More...
Case Study: Rowmark LLC Doubles in Size while Reducing Inventory and Customer Service
A few years ago, the top customer complaint for plastics provider Rowmark was shipping errors. For several reasons, customers weren’t receiving what they

inventory reduction methods  in Size while Reducing Inventory and Customer Service A few years ago, the top customer complaint for plastics provider Rowmark was shipping errors. For several reasons, customers weren’t receiving what they ordered. Problems were traced back to handwritten inventory labels, and manual counting and checking of orders. Learn how the company upgraded the system it already had by adding bar code labels and scanning, as well as other electronic data interchange (EDI) techniques. Read More...

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