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Documents related to » just in time inventory artical


Inventory Management Technology Strategies for Distribution
Your Challenge: Get Decision Makers' Approval for Inventory Management Technology Strategies for Distribution .Specific, Measurable, Achievable, Relevant and Time-Bound. Inventory has been—and continues to be—the lifeblood of the distribution marketplace. While many companies are slow to adopt new strategies and technologies, a growing number of distributors are leveraging inventory practices to improve key metrics like customer retention, gross margins, and inventory turns. Read these research survey findings to find out how you can make better inventory management technology decisions.

JUST IN TIME INVENTORY ARTICAL: technologies are used by just 10% to 30% of companies today. Future adoption plans, if executed, would raise that to 50% or more of companies. A large number of companies are using either spreadsheets or homegrown custom applications for inventory management. For instance, 47% of distribution companies report they are utilizing spreadsheets for inventory functions. These fragmented applications are not capable of effectively modeling and managing inventory across a network of locations. Table 1 shows the
3/10/2008 9:13:00 PM

Inventory (Out of) Control
In a market as competitive as the chemicals industry, providing high quality products to clients quickly and efficiently while meeting the rigorous regulations enforced on chemicals from formulation to shipment is no easy feat. Many companies struggle with sales forecasting and maintaining and tracking inventory. Many chemical manufacturers are turning to enterprise resource planning (ERP) software systems to add business-wide visibility to inventory control and reduce costly downtime.

JUST IN TIME INVENTORY ARTICAL: Inventory (Out of) Control Inventory (Out of) Control Source: Deacom Document Type: White Paper Description: In a market as competitive as the chemicals industry, providing high quality products to clients quickly and efficiently while meeting the rigorous regulations enforced on chemicals from formulation to shipment is no easy feat. Many companies struggle with sales forecasting and maintaining and tracking inventory. Many chemical manufacturers are turning to enterprise resource planning (ERP) software
10/2/2013 2:37:00 PM

Achieving Effective Inventory Management
Achieving Effective Inventory Management. Read White Papers and Other Software for Your Evaluation and for Achieving Effective Inventory Management. In today’s competitive business environment, wholesale distributors face critical factors that directly affect customer satisfaction and profit margins. These challenges, combined with customer demands for product availability, can conflict with operational goals of increasing inventory turnover and minimizing costs. However, business automation software can deliver sophisticated distribution capabilities designed to help you with these important business issues.

JUST IN TIME INVENTORY ARTICAL: turnover Return on investment Adjusted gross margin Customer Service Level Keep in mind that customers will look elsewhere, especially the competition, to supply their needs. The customer service level is calculated using the following formula: Number of line items for stocked products shipped complete by the promise date Total number of line items for stocked products ordered This formula takes into account only line items shipped complete when the entire quantity ordered is delivered on or before the
2/16/2007 2:11:00 PM

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 the inventory and dollars flying out the door. There should be smarter ways of handling this problem.

JUST IN TIME INVENTORY ARTICAL: that price erosion starts just months or even weeks after the product launch (sometimes even by a minute following rumors or speculations of a newer line coming). Inventory in the channel loses value in direct relation to the cycle of new product introduction, whereby competitors product introductions immediately impact the market value of inventory at any stage in its life cycle. An enterprise can either firmly manage the NPDI phase-in/phase-out processes resulting in low levels of residual inventory
1/26/2007

From Idea to Market-ready Product in Record Time
From Idea to Market-Ready Product in Record Time. Get IT Information and Other Software to Define Your Evaluation According to a Market-Ready Product in Record Time. The odds against successful product innovation are long. New products need to win over consumers and convince retailers—a challenging task for many reasons, including saturated markets, a growing variety of products and brands, and shorter product life cycles. To shorten time to market, companies need to integrate all development-related areas, within a single sphere of visibility and influence.

JUST IN TIME INVENTORY ARTICAL: and information flows is just as essential as integrating external service providers, suppliers, and other partners. In todays tightly networked global economy, these external providers need to be part of the collaboration at an early stage. But even that is not enough. A faster process chain requires system support for handling approval steps and processes. These must also be integrated in the product development process. And compliance with legal requirements at both the national and international
12/11/2006 2:35:00 PM

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.

JUST IN TIME INVENTORY ARTICAL: 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. Customer Success Story: Batchmaster Provides Superior Inventory Control style= border-width:0px; />   comments powered by Disqus Related Topics:   Enterprise Resource Planning (ERP),   Inventory Management,   Location and Lot Control,
11/6/2007 8:50:00 AM

SCM in a New Flavor: Real Time and Demand Driven
To meet the needs of a demand driven market, Apptricity is leveraging service oriented architecture to deploy and integrate modules.

JUST IN TIME INVENTORY ARTICAL: SCM in a New Flavor: Real Time and Demand Driven SCM in a New Flavor: Real Time and Demand Driven Hans Mercx - October 14, 2005 Read Comments Introduction The current market is becoming more demand-driven and the need for real time decision support capabilities in the supply chain is inevitable. As a result, service oriented vendors are emerging. They are developing solutions through next generation applications with customization, workflow, extensible markup language (XML), and third-party integrated
10/14/2005

Challenges and Future Plans of a Product Inventory Disposition Vendor
Despite FreeFlow's success at helping organizations regain some margin of profitability for excess inventory, the company still strives for expansion and improvement as a product inventory disposition vendor, with the aim of meeting international environmental regulations down the track.

JUST IN TIME INVENTORY ARTICAL: Challenges and Future Plans of a Product Inventory Disposition Vendor Challenges and Future Plans of a Product Inventory Disposition Vendor P.J. Jakovljevic - February 2, 2007 Read Comments A product inventory disposition vendor that offers online auction portals where companies can sell their at-risk and excess inventory, FreeFlow aims to help companies improve their product life cycle profitability. The vendor also offers a comprehensive, inventory asset management suite to meet the needs of its
2/2/2007

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 believe that their companies consistently carry 25 to 40 percent or more inventory than is needed.

JUST IN TIME INVENTORY ARTICAL: their inventory problems with just an ERP system. In fact, ERP and other software tools can actually lead to a false sense of security. Inventory excesses, whether allowed to build up when times are good or when sales are falling, always result from ineffective inventory planning processes and effective monitoring. Management should consider implementing an effective inventory monitoring methodology before installing an expensive ERP system. You want to get inventory under control before you introduce maj
5/16/2002

Adexa Collaborative Sales, Inventory, and Operations Planner
Business plans need to be built on a foundation of solid intelligence: knowing what’s coming means you can plan responses proactively. Thus, in order to build a solid sales and operations plan, constraints through the entire supply chain need to be considered. Improving operational efficiency requires that you have the right inventory, in the right quantity, at the right time.

JUST IN TIME INVENTORY ARTICAL: Adexa Collaborative Sales, Inventory, and Operations Planner Adexa Collaborative Sales, Inventory, and Operations Planner Source: Adexa, Inc. Document Type: White Paper Description: Business plans need to be built on a foundation of solid intelligence: knowing what’s coming means you can plan responses proactively. Thus, in order to build a solid sales and operations plan, constraints through the entire supply chain need to be considered. Improving operational efficiency requires that you have the right
10/23/2006 6:26:00 PM

Managing Inventory for Optimal Advantage: 10 Common Inventory Mistakes and How to Correct Them
If your company is “fighting fires” daily to meet customer demand, then you’re already losing customers and missing new sales. Today, business is conducted in real time, which requires flexibility and responsiveness. It’s these two attributes—along with reduced costs—that are the most beneficial in managing for optimal inventory levels. Find out how you can better plan and manage your inventory for long-term survival.

JUST IN TIME INVENTORY ARTICAL: Managing Inventory for Optimal Advantage: 10 Common Inventory Mistakes and How to Correct Them Managing Inventory for Optimal Advantage: 10 Common Inventory Mistakes and How to Correct Them Source: Demand Management Inc. Document Type: White Paper Description: If your company is “fighting fires” daily to meet customer demand, then you’re already losing customers and missing new sales. Today, business is conducted in real time, which requires flexibility and responsiveness. It’s these two
6/1/2009 3:16:00 PM


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