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Stock Build Optimization in Food and Beverage Manufacturing: Are Your Profits Suffering Due to Stockouts or Expired Stock?
For food and beverage manufacturers, the failure to meet demand peaks can result in poor customer service, lost revenue, stockouts, brand erosion, and—in

stockouts  Profits Suffering Due to Stockouts or Expired Stock? For food and beverage manufacturers, the failure to meet demand peaks can result in poor customer service, lost revenue, stockouts, brand erosion, and—in extreme cases—being delisted by a major customer. However, with stock build optimization, manufacturers can minimize the time and total value of the stock being held, and realize higher profits and working capital. Read More...
Discrete Manufacturing (ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as or...
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Documents related to » stockouts


The Promise (and Complexities) of Private Labels
Recent studies have shown that retail winners (that is, companies that outperform their peers in year-over-year, comparable store sales) carry a significantly

stockouts  and relevance, and without stockouts) while simultaneously improving inventory productivity (optimized inventory levels to support profitable sales and lower supply chain costs) has only been aggravated. As mentioned earlier, supply chains are getting longer. They need solutions that provide visibility from the early manufacturing process to the store shelf, with the ability to track merchandise throughout its entire life cycle and to reduce time-to-shelf, thus enabling better decision making Read More...
Impressive Enterprise Resource Planning Solution Gets A Little Help From Its Friends
Despite impressive product depth and breadth (for instance, customer relationship management [CRM], workflow, traceability, and quality management are provided

stockouts  to happen. For example, stockouts might appear as reduced demand, whereas in fact they were unsatisfied demands. The effect of stockout hence needs to be automatically eliminated from the sales history to provide a more realistic forecast. Thus, a key feature in the forecasting module is automatic outlier elimination, which allows the system to adjust historical data points to reduce the effect of non-standard market events, such as once-off sales (or missed sales), on forecasts. The benefits are Read More...
Intentia Prepares for Merger with Lawson
Before merging with Lawson, Intentia already had initiated cost-cutting measures on its products, target markets, and sales channels. This, corporate cultural

stockouts  20 percent to avoid stockouts and product waste. In other words, the solution tackles one of the major issues facing the food and beverage industry—the need to build stock to meet seasonal peaks and promotional spikes. According to reports from the Food Marketing Institute and Grocery Manufacturers of America , product waste is estimated to have cost food manufacturers $2.57 billion (USD) in 2004, and $6 billion (USD) in lost retail sales from stockouts, which run as high as 13 percent during promotion Read More...
NetSuite Develops Healthy Following among Natural Products Companies
NetSuite Inc., a provider of cloud-based financials and enterprise resource planning (ERP) and omnichannel commerce solutions, announced continued strong

stockouts  or the risk of stockouts. By allowing data to flow to wholesale distributors and their trading partners, to ensure communication is in lockstep with the same data, audit trails, and real-time accuracy at every stage with the help of complementary solutions from NetSuite partners. For example, some companies use OzLINK shipping software from Oz Development to streamline fulfillment, B2B Gateway and SPS Commerce for electronic data interchange (EDI), Concur for expense reporting, and Upaya for scripting Read More...
Ask the Experts: Approaches to Data Mining ERP
From one of our readers comes this question: I am a student of IT Management; I have an ERP course and I am supposed to write an article to review new aspects of ERP systems. I’ve decided to explore the reasons for using data mining techniques in ERP systems—and to look at different modules to which these techniques have been applied. <!--more-->I am going to prepare a framework to determine

stockouts  on hand, deliveries, possible stockouts, manufacturing capacity and delivery priorities. All to optimise manufacturing utilisation which in theory allows for goods to be produced at the lowest cost. MPS (Production Scheduling) and MRP (Material Requirements Planning) are each highly optimised. And since the three topics, Inventory requirements, MPS, and MRP are all interrelated and usually done within the one organisational complex (at one site) it is possible to have fantastic benefits. Optimisation in Read More...
Sales and Operations Planning Part One: Identifying and Forecasting Demand
An effective sales and operations planning game plan results in fewer stock-outs, shorter delivery lead-times, higher on-time shipping percentages, a manageable amount of expediting, and improved customer service. Several guidelines are suggested to improve a firm's sales and operations planning process and the effectiveness of each product's game plan. This is an excerpt from the book Managing Your Supply Chain Using Microsoft Navision.

stockouts  customer service objectives regarding stockouts, partial shipments, and delivery lead-times. The additional inventory is termed an inventory plan. An inventory plan is typically expressed for SKUs at the highest possible stocking level, such as saleable end-items that are purchased or manufactured to stock. A make-to-order manufacturer, on the other hand, typically expresses an inventory plan for stocked components. An inventory plan can be explicitly expressed as an SKU s safety stock quantity or as a Read More...
Supplier Relationship Management (SRM) Software Evaluation Report
Supplier Relationship Management (SRM) Software Evaluation Report allows you to compare and analyze the features, functions, and services of multiple enterprise software solutions. Vendor responses are comprehensively rated on their level of support of for each criterion (supported, not supported, customization, future releases, etc.) to ensure you make and accurate and informed decision.

stockouts  rates Service levels and stockouts Rejected material in percentage and dollar value Field failure rates for suppliers components Purchase price variance or cost reduction and cost avoidance versus goals Internal (own) performance metrics affecting supplier performance (e.g. forecast accuracy) Inclusion of measurement of your own company in areas that impact supplier performance, preferably correlated with the supplier metric they impact most. For example, your own forecast accuracy correlated with Read More...
Inovis Delves into PIM by Snatching QRS Part Four: Market Impact
While owing to a number of similar products and to former competition between the merging parties this merger has a merit of growth by acquisition in a slow growing (or even declining) EDI-VAN market, the merger of Inovis and QRS may well emphasize some interesting dynamics within the retail market segment.

stockouts   inaccurate product shipments, and stockouts. The still current manual, paper-based item authorization procedures at some sites continue to create unnecessary shipment lag times and also impede the future growth. This is particularly true when on average a grocery retailer may be required the collection and entry of hundreds pieces of data to introduce one new product from one supplier into the network of thousands of trading partners. Consequently, the term PIM has appeared more frequently lately in the Read More...
Managing Your Supply Chain Using Microsoft Axapta: A Book ExcerptPart One: Sales and Operations Pla
Managing Your Supply Chain Using Microsoft Axapta provides an overall understanding of how the system fits together to run a manufacturing or distribution business. This book excerpt focuses on running the business from the top with sales and operations planning (S&OP). Variation in operations affect the S&OP process and the nature of demand impacts the S&OP game plans.

stockouts  customer service objectives regarding stockouts, partial shipments, and delivery lead-times. The additional inventory is commonly called an inventory plan or safety stock . An inventory plan is typically expressed for items at the highest possible stocking level, such as saleable end-items that are purchased or manufactured to stock. A make-to-order manufacturer, on the other hand, typically expresses an inventory plan for stocked components. An item s inventory plan can be explicitly expressed as a Read More...
Optiant Going to a (Much) Better Place: Logility - Part 1
<!--StartFragment--> The mergers and acquisition (M@A) market seems to be coming back slowly. One evidence of this could be the late-March acquisition of long-struggling inventory optimization (IO) provider Optiant by long well-performing supply chain management (SCM) provider Logility. Now, I certainly wasn’t surprised by Optiant’s acquisition per se. After all, it was only a matter of time

stockouts   against the risk of stockouts (i.e., poor customer service and fill rates). Optiant’s Powerchain (now Logility Voyager Inventory Optimization ) product also allows enterprises to effectively measure the tradeoff of inventory investment and desired  customer service  levels. The big question is: how valuable is this type of functionality that optimizes inventory policies, taking into account variability on the  supply and demand  side, leading to cost-effective inventory settings and supply Read More...

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