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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 Read More...
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 fu...
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Documents related to » inventory turn formula


Remedy Welcomes You To Your New Office. Now Get To Work!
At Remedy there is a 5 working day service level agreement for getting new employees up and running. If an employee accepts a job at least five days before the

inventory turn formula  can't be found in inventory the order can be generated and sent for approval automatically. This puts SetUp@Work on two strategic growth paths. First, as a member of the Remedy@Work suite it will be joined by other complementary applications. Among possible new products would be collaboration and task management tools. It seems likely that evolution will move in the direction of a portal solution, in the sense that Remedy may find ways to integrate other standard employee functions, such as e-mail and Read More...
Intentia: Stepping Out With Fashion and Style Part Two: Software Challenges in the Fashion Industry
The requirements for the fashion industry are some of the most demanding and unforgiving in the world of manufacturing. If you're not careful, you may find your

inventory turn formula  and fabric—not items. However, inventory records are maintained at the item level. The translation between these views must be transparent and simultaneous. When customers call to place an order, they are likely to say, Give me a dozen blue pleated skirts in medium. However, when picking the order, the pick list will direct the warehouseman to go to location G120 and pick twelve of item 324B. The software must be able to generate and handle an inordinate large number of stock keeping units (SKU). A Read More...
Pricing and Revenue Optimization: A Manufacturing Perspective
Pricing and revenue optimization is the process of improving business margins by either increasing unit prices or increasing gross revenues. This type of

inventory turn formula  lower revenue and excess inventory buildup that needs to be later discounted or written off as obsolete inventory. These factors make understanding the value equation and the elasticity of products fundamental to effective pricing strategy. (Elasticity is defined as the volume change given a 1% price change.) However, most companies do not have sufficient information about the real demand elasticity of their products and thereby continue to struggle with identifying and isolating segments with differing 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

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...
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 turn formula  Stock, More Profit: Inventory Optimization Less Stock, More Profit: Inventory Optimization If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. IBS is a world-leading supplier of business systems and supply chain management solutions to distribution and manufacturing companies. Source : IBS Resources Related to Inventory : Inventory (Wikipedia) Less Stock, More Profit: Inventory Optimization Inventory is also known as : Inventory Read More...
Leading Airline Improves Inventory Management
Delta is the world’s second largest airline in terms of passengers carried and the leading US carrier across the Atlantic, offering daily flights to 502

inventory turn formula  Airline Improves Inventory Management Delta is the world’s second largest airline in terms of passengers carried and the leading US carrier across the Atlantic, offering daily flights to 502 destinations in 88 countries. With $1 billion (USD) worth of parts inventory at one time, Delta needed a supply chain system to aid the company’s maintenance, repair, and operations (MRO) activities. Learn how Delta implemented a full MRO technology suite from Click Commerce, that focuses on supply chain Read More...
Effective Inventory Analysis
For many distributors, inventory is the largest and perhaps the most important asset. Inventory ties up more money than buildings or equipment, and is often

inventory turn formula  Inventory Analysis For many distributors, inventory is the largest and perhaps the most important asset. Inventory ties up more money than buildings or equipment, and is often less “liquid.” It is crucial, then, that distributors develop and use a comprehensive set of tools that allows close monitoring of the performance of inventory investments. Read more about simple measurements that can help you maximize your investment in inventory. Read More...
Can You Bring Cost Down through Better Inventory Management?
In my previous blog I discussed two approaches to bringing down your cost: cost cutting and cost reducing, with regards to the overall supply chain network. The

inventory turn formula  Cost Down through Better Inventory Management? In my previous blog I discussed two approaches to bringing down your cost: cost cutting and cost reducing , with regards to the overall supply chain network. The most effective way of cost reduction in supply chain is through the collaborative effort of the whole organization. As discussed previously, the supply chain has various areas where cost reduction can be done, but for this blog, I want to focus on cost reduction with better or best inventory Read More...
IFS Has A Magic Growth Formula; But What About Profitability?
In November, IFS, a business applications vendor with headquarters in Linkoping, Sweden, reported results for Q3 2000. IFS will enter 2001 with a new product

inventory turn formula   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

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...
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

inventory turn formula  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. Read More...
Transforming Inventory Into a Strategic Weapon
If you prefer the more productive, long-term approach, check out Transforming Inventory into a Strategic Weapon.

inventory turn formula  Inventory Into a Strategic Weapon You can view inventory optimization as a one-time fix for quick returns, or a long-term strategy for competitive advantage. If you prefer the more productive, long-term approach, check out Transforming Inventory into a Strategic Weapon . In this practical guide , you'll learn how best-in-class companies create an ongoing competitive edge by aligning their day-to-day inventory plans with top-level corporate goals. You'll discover how to define the right supply Read More...
What Your Refrigerator Can Teach You about Lean Inventory
A lean supply chain consists of two major components—lean manufacturing and lean distribution—which focus on satisfying customer demand efficiently, at the

inventory turn formula  Teach You about Lean Inventory A lean supply chain consists of two major components—lean manufacturing and lean distribution—which focus on satisfying customer demand efficiently, at the lowest cost, with the least amount of waste. But what if your replenishment strategy is your distribution center’s weakest link? To improve customer satisfaction and achieve efficiency and balance, your replenishment strategy must consider all the key variables. Read More...

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