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 inventory turn formula


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 turn formula  distributor successful with lower inventory turns. On the other hand, lower margins reduce ROI if a higher number of turns do not make up the difference. The stock of a product with an average margin of 20% would have to turn over six times to achieve the same 120% return on investment. The above may imply that all items with the same return on investment are equally desirable, but this is not the case. All other things being equal, the item that achieves the target return on investment with the fewest

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Browse RFP templates

Visit the TEC store for RFP templates that can save you weeks and months of requirements gathering, and help ensure the succes of your software selection project.

Browse Now
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

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ERP for Mill-based and Material Converting Environments

The ERP for Mill-based and Material Converting Environments knowledge base focuses on a range of industrial activities that add value to raw materials by processing them into a form suitable for further manufacturing or for immediate end-use. These activities include traditional mills that turn grain into flour or extract sucrose from sugar cane; the spinning and weaving mills of the textiles and carpets sectors; the rolling plants of steel, aluminum, and other metals semi-fabricators; to the continuous outputs of paper and board mills. 

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Documents related to » inventory turn formula

Current Trends in Supply Chain Analytics Systems


Supply chain analytics is gaining popularity with organizations, as it is an effective mechanism to monitor and track supply chain performance. And with new technological innovations promising to enhance these tools, businesses can look forward to benefiting more fully from this area of supply chain management.

inventory turn formula  see how it affects inventory levels. This will help to fix the KPI target at an optimal level. 10. Predictive modeling Predictive modeling will help the system build relationships between various KPIs, based on the past transitional data. For example, the system should be able to find the correlation between forecast accuracy KPI data and the finished goods inventory data, based on past information. The system needs a predictive engine to perform such analysis. Once relationships between KPIs have been Read More

Turn the Internet into a Strategic Sales and Interaction Channel


With the emergence of the Internet, the business environment has changed for many organizations, and will change to an even greater extent in the future. Indeed, in an increasingly dynamic and global environment, the Web has become an important source of competitive differentiation for companies of all sizes. In this comprehensive white paper, you’ll find out how to design a Web channel strategy that works for you.

inventory turn formula  including activities such as inventory management, order processing, delivery, billing, and payment. Although many companies have improved their online presence and optimized their Web sites, disconnected systems and disjointed processes are still leading to customer frustration and lost sales opportunities. Customer experience doesn't happen in silos. For example, to perfect order processes and satisfy customers, you must eliminate virtually all issues and errors that can stymie on-time, accurate order Read More

PowerPlex 2014—Manufacturing of the Future, Now


TEC Senior Analyst P.J. Jakovljevic was at PowerPlex 2014 recently. Here he gives an in-depth look at Plex Systems and its cloud ERP offering, including a glimpse into Plex's past year and musings on Plex's future direction.

inventory turn formula  Track for tracking in-transit inventory via Bluetooth.   General PowerPlex Observations   The general feeling at the conference was that Plex Systems is becoming more marketing savvy and bigger sales- and popularity-wise. There were 900 attendees at PowerPlex 2014, requiring a proper conference center as the venue as it is no longer possible to fit all of the attendees in a large hotel conference room like in past years. Visual artists from ImageThink were everywhere, cleverly capturing the keynote Read More

Is MAPICS Getting the Magic of PLM? Part Two: Strategy


During our recent briefing, MAPICS' executives acknowledged that almost all enterprise software companies are either "hunting" or being "hunted".

inventory turn formula  certified in production and inventory management (CPIM) and in integrated resources management (CIRM) by APICS. Jim Brown has over fifteen years of experience in management consulting and application software focused on the manufacturing industries. He is a recognized expert in software solutions for manufacturers and has broad experience in applying enterprise applications such as product lifecycle management, supply chain management, ERP, and customer relationship management to improve business Read More

Inventory and Lead Times - Understanding Decoupling Points


While inventory is necessary in manufacturing, most companies would like to reduce their inventory, but only if that did not cause problems. Managing inventory according to decoupling theory is the most effective approach to reducing (the wrong kinds of) inventory without damaging service level—without increasing the risk of shortages that disrupt production (components and materials) and hurt customer service (finished goods). Read more.

inventory turn formula  Understanding Decoupling Points While inventory is necessary in manufacturing, most companies would like to reduce their inventory, but only if that did not cause problems. Managing inventory according to decoupling theory is the most effective approach to reducing (the wrong kinds of) inventory without damaging service level—without increasing the risk of shortages that disrupt production (components and materials) and hurt customer service (finished goods). Read more. Read More

Lean Maintenance: Best Practices to Turn Asset Management into a Profit Center


It’s common knowledge that asset downtime disrupts production and drives up both process and per-unit operating costs. However, executives often lose sight of this because they focus on output, not on the assets used to create it. The irony is that companies can use asset performance management not only to make more widgets, but to make each widget more profitably.

inventory turn formula  ort and spare parts inventory management. Excellent o erings include a variety of data requirements associated with maintenance activities so that each activity provides building-block information that leads to trend and event analysis. And the very best EAM products integrate storeroom, repair, preventive maintenance planning, and purchasing functions with numerous additional lean-oriented technologies such as mobile connectivity, bar code technology, radio frequency identification (RFID) technology, 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 are priced in a large range from tens of thousands of Dollars to millions of Dollars. In this niche market sector, price is definitely not an indicator of the quality of solution. ROI and usability are paramount.

inventory turn formula  lengthy ERP implementation experiences. Inventory Optimization solutions that use data from the existing ERP or Transaction systems can be implemented in under 90 days. Not all projects turn out successfully as borne out by the recent Nucleus research report which stated that Fifty-five percent of the i2 customers interviewed did not believe they achieved a positive ROI from their i2 investment, after an average of 2.2 years of use and that Most of these customers attributed their negative ROI to the Read More

Unlocking Working Capital: Best Practices for Reducing Inventory


Two-thirds of the 400 survey participants in a 2007 Aberdeen report about inventory management place a high priority on working capital optimization. Many companies are reconsidering their business strategies, including implementing appropriate technology platforms that help automate supply chain processes. Learn about cost-effective and practical ways to reduce inventory so that working capital can be released.

inventory turn formula  Best Practices for Reducing Inventory Two-thirds of the 400 survey participants in a 2007 Aberdeen report about inventory management place a high priority on working capital optimization. Many companies are reconsidering their business strategies, including implementing appropriate technology platforms that help automate supply chain processes. Learn about cost-effective and practical ways to reduce inventory so that working capital can be released. Read More

Better Inventory Management: Big Challenges, Big Data, Emerging Solutions


Effective inventory control and management is a vital function to help insure the continued success of distribution and manufacturing and companies. Learn about new, flexible, and more refined tools that provide for dynamic optimization of inventories to maximize customer service, throughput, and market share, while decreasing inventory investment and lowering costs.

inventory turn formula  Inventory Management: Big Challenges, Big Data, Emerging Solutions Effective inventory control and management is a vital function to help insure the continued success of distribution and manufacturing and companies. Learn about new, flexible, and more refined tools that provide for dynamic optimization of inventories to maximize customer service, throughput, and market share, while decreasing inventory investment and lowering costs. 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 order to streamline its manufacturing, shipping, and reporting processes, it would need to invest in an enterprise resource planning (ERP) solution. Since implementing ERP, the company has profited from greater inventory control and improved customer service.

inventory turn formula  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 soft Read More

The Formula for Product Success: Focus on Flexibility and Cooperation


Jeeves has retained the concept of having a single innovative product with broad and reliable functionality, and an open architecture. But beyond the solid nature of the product, Jeeves also takes pains to communicate effectively with both customers and partners.

inventory turn formula  Enterprise resource planning,ERP,Jeeves Information Systems AB,JIS,Jeeves Enterprise,modularity,adaptability,scalability,modifiability,MIY,modify it yourself,SQL,structured query language,business intelligence,BI 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 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.

inventory turn formula  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

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 turn formula  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

BatchMaster: The Right Formula for International Coatings


International Coatings International (ICI), a producer of plastics compounds, upgraded to BatchMaster’s 2002 enterprise resource planning (ERP) solution in order to support its projected growth. This resulted in improved cash flow, reduced inventory, and an elimination of shortages. Read on and find out how ICI plans to optimize production and gain tighter inventory control by implementing additional BatchMaster modules.

inventory turn formula  production and gain tighter inventory control by implementing additional BatchMaster modules. Read More