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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 safety stock  list again to fine-tune inventory optimization and analyze performance. Always look for item segments that can be improved to make forecasting more accurate. Analyze performance The purpose of analyzing performance is to see how the business is doing and what can be done to improve it. It is imperative to measure service levels and focus on delivery performance to customers, fill rates and order fulfillment times. Another key area to measure is the stock level. Establish stock turnover and then measure Read More...

Achieving Effective Inventory Management
In today’s competitive business environment, wholesale distributors face critical factors that directly affect customer satisfaction and profit margins. These

inventory safety stock  alert to management when inventory levels for a particular item fall below the designated safety stock at a particular warehouse location. Management can then proactively address the issue by transferring stock from another warehouse or finding an alternative supplier. Some of the most frequently used inventory alerts in Sage MAS 500 include: Item is out of stock at a warehouse Item is below its safety and/or minimum stock level at a warehouse Item is late shipping from a warehouse by a user-defined Read More...
Regulatory and Compliance
Regulatory compliance covers the requirements for ensuring products and their associated materials comply with both external and internal rules and regulations. It covers regulatory and requirement...
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Documents related to » inventory safety stock


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 safety stock  Traditionally, most companies manage inventory through the monitoring of minimum and maximum stock levels, safety stock, Kanban and economic batch quantities (EBQs) . But these methods fail to take external factors into account, such as supply and demand, resulting in inventory levels that do not truly refl ect market conditions. Inventory optimization solutions take it to the next level. And while these solutions are readily available, they come in the form of boltons that often require ongoing 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

inventory safety stock  inventory as a virtual inventory bin to lower safety stock levels, reduce total delivered costs, and maximize revenue opportunities. Start doing customer level forecasting for the key customers Evolve your current forecasting systems to enable customer-level forecasts that increase the ability to match customer service levels and reduce overall inventories. This may involve extensive process changes in some cases, but may be more of an incremental shift in other cases. Move toward supplier inventory 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 safety stock  to 99.7% Eliminate yearly inventory counts by being able to do continuous counting Save half a million dollars in warehouse safety stock in one warehouse alone in just one year Increase delivery accuracy and shipping efficiency The company's mission is to drive toward continuous improvement for its customers, and it looks for the same in its suppliers. Infor has helped us continually improve and grow our business until we are now at $700 million, including other divisions. We love the software, says Read More...
How Better Inventory Planning Can Unlock New Profit Potential for Distributors
Distributors increasingly play a value-added role in the supply chain. To remain competitive, they must rapidly react to the slightest changes in demand. But

inventory safety stock  Better Inventory Planning Can Unlock New Profit Potential for Distributors Distributors increasingly play a value-added role in the supply chain. To remain competitive, they must rapidly react to the slightest changes in demand. But current forecasting techniques and the tools most distributors use don’t allow the needed long-term visibility. Discover how new solutions for demand planning can address the challenges of forecasting, and reduce obsolescence and the cost of inventory investment. 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

inventory safety stock  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...
SAP Invited to White House to Showcase Consumer Innovation in Advancing Public Safety
The White House invited SAP to demonstrate the capabilities of Recall Plus, a product designed to

inventory safety stock  Invited to White House to Showcase Consumer Innovation in Advancing Public Safety The White House invited  SAP to demonstrate  the capabilities of Recall Plus, a product designed to catch a recall on kids' products or food with undeclared allergens . Recently, Washington officials encouraged the development of technological products that help enhance public safety. Recall Plus makes public safety information available to the public in a timely fashion, ensuring that consumers are advised about 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 safety stock  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...
Inventory (Out of) Control
In a market as competitive as the chemicals industry, providing high quality products to clients quickly and efficiently while meeting the rigorous regulations

inventory safety stock  add business-wide visibility to inventory control and reduce costly downtime. Read More...
Taking Stock of TAKE Supply Chain Solutions - Part 1
Over the past several years I’ve repeatedly heard of a supply chain management (SCM) software and professional services company called ClearOrbit that was

inventory safety stock  in an increased  days in inventory (DII)  figure and greater direct material costs as well as negative financial impacts, while missed, delayed, or incorrect shipments also increase the DII metric and reduce revenue. Moreover, kitting and final assembly errors in manufacturing plants and warehouses cripple production efficiency, while incorrectly captured data result in costly scraps and rework. In addition, invoice disputes and payment errors come at the expense of higher selling, general and Read More...
Occupational Health and Safety Amendment Act-Violence and Harassment in the Workplace: An Overview to Compliance
Bill 168 was enacted and passed on December 15, 2009 in Ontario (Canada). It addresses violence and harassment issues in the workplace, and the bringing of

inventory safety stock  Health and Safety Amendment Act-Violence and Harassment in the Workplace: An Overview to Compliance Bill 168 was enacted and passed on December 15, 2009 in Ontario (Canada). It addresses violence and harassment issues in the workplace, and the bringing of domestic violence into the sphere of work. This document outlines steps employers must take to comply with Bill 168. Read More...
Case Study: Ralco Industries
Automotive supplier Ralco Industries was having inventory trouble. The lack of accurate data from its systems was causing a number of expensive issues—quality

inventory safety stock  Ralco Industries was having inventory trouble. The lack of accurate data from its systems was causing a number of expensive issues—quality problems, scrap, overtime, expedited shipments, etc. Learn how implementing a new software-as-a-service (SaaS) enterprise resource planning (ERP) solution helped Ralco dramatically reduce inventory costs and achieve return on investment (ROI) in just over one year. Read More...
Inventory Management: 3 Keys to Freeing Working Capital
In times of economic uncertainty, you need to actively seek out best practices in how to adopt practical working capital optimization to improve financial

inventory safety stock  working capital—primarily by optimizing inventory management. Read More...
Maple Leaf Farms Improves Inventory Control with WMS
As one of North America’s premier producers of duck products, Maple Leaf Farms knew the importance of delivering fresh, quality goods to its customers. But in

inventory safety stock  Leaf Farms Improves Inventory Control with WMS Maple Leaf Farms Improves Inventory Control with WMS If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. VAI is an award winning software developer and an IBM Premier Business Partner. Founded in 1978, VAI is headquartered in Long Island, New York, with branch offices in Florida, California and Illinois. In conjunction with IBM, the company designs customer driven enterprise management Read More...

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