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19 Steps to Maintain an Accurate Inventory What You Must Know About Your Inventory
It takes $2,500 in new sales to make up $100 in lost inventory, assuming a 4 percent return. Keeping an orderly warehouse with up-to-date processes and informed

physical inventory  article remember this: A physical inventory is 85 percent preparation and 15 percent counting! That means for every hour you spend counting, you should spend 8.5 hours preparing. That may seem like a lot, but remember, there are pre-physical steps that need to be performed, as mentioned above. Step 17: Cycle the count. Inventory acts as a buffer between unmatched supply and demand. It hides problems! Eighty percent of a company's sales, profits, and costs are often from 20 percent of its products (Pareto Read More...

Is There a Smarter Way to Handle Excess Active and Obsolete Inventory?
Imagine the convenience of a 24x7 intranet marketplace where companies could sell off their inventory to the highest bidder. FreeFlow is one such business

physical inventory  return or receipt into physical stores of materials from which the item may be scrapped. To make things even more painful, returns inventory comes in all shapes and sizes, with new/unopened, new/package-defect, quality defect, and consumer returns/used being typical classifications. Hidden in the darkest nooks and crannies of the warehouse, returned inventory accumulates until the aisles are virtually impassable. And many companies otherwise rigorous in their accounting standards do not manage Read More...
CMMS – EAM
Enterpise asset management (EAM) solutions support maintenance management tasks. Asset management systems typically enable planning, controlling, and monitoring of physical asset events. ...
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Documents related to » physical inventory


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

physical inventory  the value of the physical inventory is less than its book value or because the items in inventory are no longer usable. Sure, one has to reckon with inventory shrinkage or losses of inventory resulting from scrap, deterioration (owing to product spoilage or damaged packaging, for example), pilferage, etc., which is one of the considerations included in the above definition of inventory carrying cost. However, what can be particularly annoying and hurtful is the notion of slow-moving items , or those Read More...
10 Tips for Perfect (Nearly!) Inventory Accuracy
Even though we have made enormous advances in technology and business processes, many organizations and manufacturers still cannot perform basic warehouse

physical inventory  should include procedures for physical interaction, material handling safety guidelines, and quality of reporting. Each task will be detailed in the documentation for clarity, so no confusion arises. Select a few individuals within warehouse operations to go over the documentation before its release to all employees, to make sure all process tasks or steps are documented and that no pieces of the puzzle are missing. Once all the reviewers agree, then the documentation can be released to all employees. Read More...
Management Strategy for Network Critical Physical Infrastructure
Network-critical physical infrastructure includes power, cooling, racks and physical structure, security and fire protection, cabling, management systems, and

physical inventory  Critical Physical | Critical Physical Infrastructure | Data Point | Data Point Centric | Data Points | Devices Data | Devices Data Points | Element Manager | Element Managers | Enterprise Management | Enterprise Management System | Enterprise Management Systems | Facility Departments | Infrastructure | Infrastructure Best Practices | Infrastructure Development | Infrastructure Environment | Infrastructure Implementation | Infrastructure Issues | Infrastructure Services | Infrastructure Strategy | 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.

physical inventory  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...
Overcoming Chemicals Industry Challenges through Optimization of Distribution and Inventory
For chemical companies, optimizing the distribution network and rationalizing inventories are the keys to an efficient supply chain and smoother operations

physical inventory  of the three common physical states of ingredients, namely, solids, liquids, and gases. From a formula and mixing perspective, this necessitates an impeccable unit of measure (UOM) conversion engine. Whether the formula requires conversion of US measurements to metric or imperial measurements, liquids to solids, or gases to liquids, such conversions should be transparent to the production of the finished goods; in some instances free form conversion tables can be extremely useful. The aforementioned ATP 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

physical inventory  Planning & Optimization: Extending Your ERP System Part Three: Business Case for Inventory Optimization Solutions The Case for an Inventory Optimization Solution Inventory Optimization solutions allow an organization to achieve a balance between the most efficient investment in inventory and highest customer service levels. One such misconception is that existing enterprise resource planning (ERP) systems can handle inventory management adequately. For small distributors not working in complex en 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

physical inventory  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. Read More...
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

physical 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 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

physical inventory  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...
RockySoft Inventory Management Suite
RockySoft's Web-based inventoy management modules for distribution and manufacturing include Active Inventory Manager, Demand Management, Demand

physical inventory  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. 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

physical inventory  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...

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