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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

inventory turn  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...

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 turn  systems associated with advanced inventory management can turn an operationally challenged distribution organization into an operationally excellent one. What's the payoff? Exceptional control over the inventory lifecycle Deep visibility across an extended, multi-warehouse enterprise Inventory levels that are fully in synch with demand Reduced costs associated with inventory in stock Enhanced customer service tied to increasingly optimized fulfillment Distribution executives—whether they are owners, 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


Let the (Excess) Inventory Flow!
Because companies focus primarily on new product development and promotion, the problem of excess and obsolete inventory, once addressed, often leads to both

inventory turn  Newsflash—Excess Active and Obsolete Inventory Is a Money Drain Excess inventory, which ties up working capital and whose value is declining by the day, does not necessarily come from new product introductions only. Namely, nowadays the manufacture of most goods is largely carried out in the Far East, which comes with a nominal item price advantage, but also with many potential downsides (see The Gain and Pain of Global Retail Sourcing ). In addition to the inevitable quality, communication, and 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 turn  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...
Inventory Reduction: Effectively Turning Excess Into Cash
In virtually all manufacturing companies, there is a direct correlation between inventory levels and overall business performance. In fact, CEO's and CFO's

inventory turn  information that, in fact, inventory is rapidly piling up beyond what is needed, the typical reaction is to enforce an across-the-board clamp down on all new purchases. This 'shut-off-all-the-spigots' mentality can, however, cause even more financial damage. The across-the-board squeeze everything approach can create material shortages which in turn can cause missed shipments depressing revenue and customer service while increasing inventories and costs. As a result, these actions can lead to the very Read More...
Fixed Asset Inventory Best Practices
Asset management cannot be successfully implemented by your accounting department alone (or any other single department). That’s why you should be on top of

inventory turn  Asset Inventory Best Practices Asset management cannot be successfully implemented by your accounting department alone (or any other single department). That’s why you should be on top of today’s asset management climate and the tools available to improve controls. Learn about approaches that are getting results, and find out what doesn’t work (and why). Finally, get the lowdown on best practices which have proved both effective and durable. Read More...
Cost-justifying Warehouse Management Technologies in Small and Midsized Warehouses
The warehouse management system (WMS) concept has matured into a collection of time-tested technologies that reduce inventory costs and increase overall

inventory turn  with Sage Accpac WMS Inventory Control system further improves efficiencies across the enterprise. Return on Investment Sage Accpac WMS is designed to bring order and control to the warehouse, directing the efficient movement of goods and labor, in turn reducing costs and improving customer service. Inventory accuracy is the key to maintaining an efficient warehouse and avoiding poor productivity, poor purchasing practices and poor customer service. Sage Accpac WMS offers a solution that ensures 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  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...
Fixed Asset Inventory: A Guide to Getting Started
Implementing a fixed asset inventory solution and performing proper accounting of assets can save time and money, reduce theft, improve planning and budgeting

inventory turn  Implementing a fixed asset inventory solution and performing proper accounting of assets can save time and money, reduce theft, improve planning and budgeting, eliminate “ghost assets,” and help an organization recover after a natural disaster. However, the importance of tracking and managing fixed assets such as land, buildings, transportation, and manufacturing equipment is often overlooked. This white paper discusses best practices for fixed asset inventory management and suggests tips for Read More...
Inventory Control Is Perhaps the Most Powerful Tool You Have for Containing Your Warehousing Costs
Your company's success is not only dependent on sales, but also on your company's ability to say,

inventory turn  Containing Your Warehousing Costs Inventory Control Is Perhaps the Most Powerful Tool You Have for Containing Your Warehousing Costs Featured Author - Ren Jones - November 26, 2005 Originally published - November 15, 2003 Inaccurate Inventory Costs Plenty What asset do you have that is more valuable than your people? Inventory! Without it what business would your company be in? Year after year we try to get a handle on this thing called inventory. We select the weekend, we order lunch, we discuss who Read More...
Inventory Pro: Efficient Inventory Management Solution


inventory turn  Pro: Efficient Inventory Management Solution 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 turn  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...
Want to Turn Your Workforce into a Real Community? EnterpriseJungle Can Help
How often do we feel that we hardly know the person sitting in the cubicle next to ours, let alone someone sitting in our company’s Hong Kong or Sydney office

inventory turn  to Turn Your Workforce into a Real Community? EnterpriseJungle Can Help How often do we feel that we hardly know the person sitting in the cubicle next to ours, let alone someone sitting in our company’s Hong Kong or Sydney office? Yet, unbeknownst to us that colleague could have expertise and connections that would be of great importance for our next project. Workforce access to information, knowledge, and opportunity has direct correlation to productivity, retention, and employees’ passion for 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 turn  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...

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