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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.
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 inventory shrinkage strategies


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 shrinkage strategies  it takes to count. Inventory shrinkage and obsolescence. The more material in the warehouse, the higher the possibility of shrinkage and obsolescence. If the material is not there, it is harder to steal! Opportunity cost of the money invested in inventory. How much could the company make if the money being invested in inventory were placed in a more traditional investment (such as treasury bills)? Typically, the carrying cost of finished goods inventory is 25% to 35% per year of the average inventory

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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

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 order processing and production scheduling. ERP began as a term used to describe a sophisticated and integrated software system used for manufacturing. In its simplest sense, ERP systems create interactive environments designed to help companies manage and analyze the business processes associated with manufacturing goods, such as inventory control, order taking, accounting, and much more. Although this basic definition still holds true for ERP systems, today its definition is expanding. Today’s leading ERP systems group all traditional company management functions (finance, sales, manufacturing, and human resources). Many systems include, with varying degrees of acceptance and skill, solutions that were formerly considered peripheral such as product data management (PDM), warehouse management, manufacturing execution system (MES), and reporting. During the last few years the functional perimeter of ERP systems began an expansion into its adjacent markets, such as supply chain management (SCM), customer relationship management (CRM), business intelligence/data warehousing, and e-business, the focus of this knowledge base is mainly on the traditional ERP realms of finance, materials planning, and human resources. The foundation of any ERP implementation must be a proper exercise of aligning customers'' IT technology with their business strategies, and subsequent software selection. 

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Documents related to » inventory shrinkage strategies

Dealing with Chaos: 4 Steps to Manufacturing Success


Manufacturing today is fraught with uncertainties in the supply chain due to a variety of global issues, including weather and exchange rates. You can counter supply problems with “safety stock.” But this extra inventory goes against the rules of an efficient lean environment. How can you stay demand driven, without a supply snafu? Find out how an information management system can help forecast your supply chain needs.

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Ingredients of a Comprehensive Retail Suite for SMBs


To achieve success in today’s retail industry, retailers that are small to midsize businesses (SMBs) need to effectively meet their customers’ needs on time, with the right price, in the right quantity—and at the right place, with the right promotions. All of these things can be very overwhelming for a retailer. To get them, retailers require tools that support effective and precise operations. In

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ERP ROI in Only 9 Months


Nucleus Research reports that NetSuite, a leading integrated Web-based business software suite, can deliver a positive return on investment (ROI) in fewer than nine months, by automating processes, boosting sales, increasing productivity, reducing or avoiding headcount, increasing data visibility, and retiring costly legacy systems. Learn how NetSuite business management software provides a positive ROI to businesses.

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Provia Tackles RFID in a Twofold Manner Part Two: RFID Compliance


Provia's approach to radio frequency identification (RFID) compliance was to offer a bolt-on or drop-in product that works in conjunction with a company's existing logistics transactional software solution and process flows. This should put the suppliers back into control of prioritizing their IT projects because they could supposedly thereby be fairly easily and quickly made compliant with Wal-Mart or the DoD requirements for RFID. The next step for them would then be to look at how they can reap the benefits of RFID internally within their own operations.

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RockySoft Inventory Management Suite


RockySoft's Web-based inventoy management modules for distribution and manufacturing include Active Inventory Manager, Demand Management, Demand Collaboration Portal, Economic Order Manager, Requirements Planner, Capable to Promise, Supplier Portal, and Vendor Managed Inventory.  

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Open Source Strategies


Open Source Strategies, Inc. is a strategic and technology consulting firm specializing in open source software, such as ERP and CRM. Open Source Strategies is one of the core developers of Open For Business and the is principal sponsor of opentaps Open Source ERP and CRM. The company is headquartered in California, USA.

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Unlock Hidden Profits Using Effective Pricing Strategies


In Get Greener with SaaS-based ERP, you'll learn how a SaaS delivery model can help you reduce...

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10 Strategies for Choosing a Mid-Market ERP Solution


Find out in 10 strategies for choosing a mid-market ERP solution.

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Transforming Inventory into a Strategic Weapon


Strategic inventory management requires a deep understanding of how the end-to-end supply chain is managed. From intelligently micro-segmenting products to creating continuous inventory process improvements, few businesses are capable of transforming their inventory into a competitive advantage. Some forward-looking leaders—backed by technology and expertise from JDA—are changing the definition of inventory optimization. Read how.

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