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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 segmentation  replacement products. They need inventory segmentation so that product lines can be defined as high turnover, lowmargin, high-value or slow moving. The addition of dynamic demand forecasting drives information for replenishment suggestions, cross-docking, over-the-counter sales and seasonal fluctuations. Their warehouses require real-time control to ensure timely deliveries without overstocking. More and more industries are facing similar problems to the electronics distribution industry. Companies contin Read More...
Help Desk for the Health Care Industry
Help Desk is an application for assisting and managing calls for support from computer users. It also includes computer and software inventory tracking along with technical support knowledge bas...
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Documents related to » inventory segmentation


How Inventory Optimization Can Increase Your Profitability
One of the largest expenses for distributors and wholesalers is stock. Many have difficulty finding the perfect balance between ensuring products are available

inventory segmentation  the center of this inventory control software is a matrix with a volume value code, which quantifies the revenue ratio of each product based on traditional ABC classification. It also contains a movability code, which defines the throughput time from slow-movers to non-movers. This provides a stable basis for a sophisticated solution that can cope with the various parameters for each stock item. For example, to lower stock levels for some segments and to minimize procurement and reception processes for ot Read More...
Case Study: Hauser Chocolatier
Old-world quality is great for a chocolate manufacturer, but old-style business systems are not. Hauser Chocolatier learned this the hard way, struggling for

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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 segmentation  extract value from the inventory optimizer as it delivers the outward facing capabilities required to implement collaborative commerce solutions. The Forecasting module must encompass: Forecasting at item/warehouse level Aggregation of forecast to higher levels as defi ned by Groupings and Families Variety of forecast algorithms including a tournament method Ability to handle seasonality Ability to remove outliers and anomalies Ability to edit history User forecast override to deal with market intelligen Read More...
A Modern Tale of Long (Supply Chain) Tails -- Part II
Part I of this blog series introduced the notion of long tails in modern supply chains. That blog post also introduced the vendor ToolsGroup and its solution

inventory segmentation  both demand modeling and inventory modeling. The underlying idea here is to model the impact of replenishment parameters and constraints at each echelon of the supply chain. To that end, a couple of years ago ToolsGroup espoused a strategy of an optimized replenishment process via the following three business practices: Service Segmentation -- a natural extension of the sales & operations planning (S&OP) process . The segmentation, besides inserting inventory into the S&OP process, includes the  “cost Read More...
Six Steps to Effective Inventory Management
You can take two approaches to inventory management: assume it’s a necessary evil and implement an inventory reduction program when cash gets tight, or put an

inventory segmentation  Steps to Effective Inventory Management You can take two approaches to inventory management: assume it’s a necessary evil and implement an inventory reduction program when cash gets tight, or put an active inventory management process in place, and continually improve the business results. Learn how to view inventory as cash that can be invested in other ways: move from reactive inventory management to lean and active inventory management in six easy steps. Read More...
Can Webplan Reconcile Planning and Execution? Part Four: Challenges and User Recommendations
Webplan appears to be ahead of the pack in applications for concurrently optimizing demand, order promise, and inventory management, taking constraints into

inventory segmentation  demand, order promise and inventory management, taking constraints into consideration. Yet, in many markets, Webplan is far from a household name, in part owing to its small size ($13 million in fiscal 2003 revenues) and the lower visibility of a privately-held vendor. Additionally, in most markets, it might be known either only as a SCP/APS provider or a combined optimized operational performance management/SCEM provider. These marketing gaps must be addressed for Webplan to progress to the position in 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 segmentation  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 segmentation  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...
Is There a Smarter Way to Handle Excess Active and Obsolete Inventory?
Imagine the convenience of a 24x7 intranet marketplace where companies could sell off their inventory to the highest bidder. FreeFlow is one such business

inventory segmentation  Obsolete Inventory? Excess at-risk inventory ultimately impacts a company's bottom line. But because companies are more focused on the development and promotion of new products, the problem of excess inventory is seldom a priority. Companies often resort to high-overhead marketing promotions, rebates, or complete inventory write-offs to unload their excess inventory. Let the (Excess) Inventory Flow! Rather than falling back on these detrimental practices under duress, many have wondered whether there Read More...
Grocery Chain Gains Productivity and Information Visibility for Better Inventory Control


inventory segmentation  Information Visibility for Better Inventory Control Read More...
Inventory Planning & Optimization: Extending Your ERP System Part Two: How It Works
Organizations today realize that although strategies focusing on outsourcing transportation, e-business and new distribution models are important, these are all

inventory segmentation  Two: How It Works Inventory Planning & Optimization Solutions Inventory optimization software is the most recent addition to the suite of Supply Chain Management (SCM) solutions. Software companies like JustEnough and i2 have emerged as leaders in this space. These solutions establish the optimal mix between inventory investment and service levels for each inventory item at each location within an organization. Inventory Planning and Optimization solutions do not process transactions. Rather, they use 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 segmentation  Effective Inventory Management Achieving Effective Inventory Management If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. Sage provides business software, services and support to small and medium sized businesses. Whilst our heritage is in the small business market we also have the experience and expertise to meet the needs of specific industries and larger organisations. Source : Sage Resources Related to Sage Mas ERP : Sage 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 segmentation  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 Read More...

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