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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)

what is consignment stock  business is doing and what can be done to improve it. It is imperative to measure service levels and focus on delivery performance to customers, fill rates and order fulfillment times. Another key area to measure is the stock level. Establish stock turnover and then measure the external elements that affect this turnover, such as safety stock or seasonal demand. Then analyze the delivery performance of suppliers, as well as their fill rates and order fulfillment times. The more accurately this can be 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 » what is consignment stock


Optimizing the Supply Chain: Back to Basics
As economic conditions worsen, organizations are stumbling on variety of customer demands ranging from superior services to lower costs. These extra

what is consignment stock  and competitive market place. What the future entails nobody can predict. That’s why when selecting an IT system managers need to include the future state of the business in the decision process. Organizations need to synchronize the supply chain including production, logistics, material, and other resources across the entire supply chain network. To reduce waste in the manufacturing process, it is necessary to have the appropriate tools and technology in place. Reducing inventory and lead times across Read More
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

what is consignment stock  inventory carrying cost. However, what can be particularly annoying and hurtful is the notion of slow-moving items , or those inventory items with a low turnover. Inventory items falling in this category have relatively low rates of usage compared to the normal amount of inventory carried, and eventually become completely obsolete inventory . That is to say, the items have met the obsolescence criteria established by the organization. An example of obsolete inventory would be inventory that has been Read More
Margin Squeeze and Globalization in the Food and Beverage Industry
In the food and beverage industry, the channel master makes final volume decisions and mostly controls the unit price, with the manufacturer having limited

what is consignment stock  the week. Margin Squeeze What can a food manufacturer do about the decrease in margin per unit? Sure, the manufacturer can accept it as a cost of doing business. But continued pressure from the channel master towards lower prices and greater service means that margins will eventually go to negative levels. For a discussion of channel masters, see Food and Beverage Industry Trends and Issues . The manufacturer can attempt to address margin erosion; however, this effort is hampered by the fact that the Read More
QAD Pulling Through, Patiently But Passionately Part Four: Market Impact Continued
QAD has long shifted its focus from being a mere ERP vendor dedicated to the industrial mid-market to fully leveraging the Internet in the applications it

what is consignment stock  Figure 2 ), to what had made it successful in the first place—solving manufacturers' real-world problems. Figure 2 This is Part Four of a six-part note. Part One detailed the above moves. Part Two presented the Company Background. Part Three began a discussion of the Market Impact. Part Five will cover Challenges and Part Six will make User Recommendations. QAD Strategy for Lean and JIT Manufacturing While MFG/PRO eB2 supports traditional manufacturing (MRP-based) methods of planning, it also Read More
POLL: Is Cloud-based Accounting/Financial Software Right for You?
TEC is preparing a new Financial Packages Buyer’s Guide, and we’d like to hear your thoughts on cloud-based finance and accounting software. Your responses to

what is consignment stock  Is Cloud-based Accounting/Financial Software Right for You? TEC is preparing a new Financial Packages Buyer’s Guide, and we’d like to hear your thoughts on cloud-based finance and accounting software. Your responses to the questions below will help us keep the guide focused on the needs of real-world accountants, financial managers, IT specialists, and other professionals. {democracy:70} {democracy:71} {democracy:72} {democracy:73} {democracy:74} Thanks for taking the time to participate in this Read More
Mobile Is the New Face of Engagement
By 2016, smartphones and tablets will put power in the pockets of a billion global consumers. Mobile is not simply another device for IT to support with a

what is consignment stock  Is the New Face of Engagement By 2016, smartphones and tablets will put power in the pockets of a billion global consumers. Mobile is not simply another device for IT to support with a shrunken Web site. Rather, mobile is the manifestation of a much broader shift to new systems of engagement. Download this paper and know how such systems of engagement will help firms empower their customers, partners, and employees with context-aware apps and smart products. Read More
The Proof Is in the ROI
A well-thought out, comprehensive ROI (return on investment) marketing and sales program is becoming a must in today's difficult business to business (B2B

what is consignment stock  about their products. Not what they think (and hope) is the products' true nature and value, or what it was designed to be, but the real, bedrock truth. Digging takes effort, and you may not find what you thought was down there. But it's necessary, because you had better be able to prove any claim you make. Positioning depends on being able to make a promise that's unique, relevant, and credible. Most of the claims we see fail at least one of these tests. Generally, they lack uniqueness or credibility. Read More
Ross ERP (V 7.0.3) Is TEC Certified for Process Manufacturing ERP
TEC is pleased to announce that Ross ERP (V 7.0.3) by Aptean is now TEC Certified for process manufacturing enterprise resource planning (ERP). Ross ERP aims to

what is consignment stock  ERP (V 7.0.3) Is TEC Certified for Process Manufacturing ERP TEC is pleased to announce that Ross ERP (V 7.0.3) by Aptean is now TEC Certified for process manufacturing enterprise resource planning (ERP).   Ross ERP is built for process manufacturers looking for a complete solution to manage formula and recipe-based manufacturing. The solution’s core components include: Financials ( AP, AR, fixed assets, GL, and project accounting); Manufacturing (maintenance management, materials requirements Read More
Is a Two-tier ERP Strategy Right for You?
A two-tier ERP strategy is one where an organization chooses to have more than one enterprise resource planning (ERP) solution to support its business needs

what is consignment stock  organization’s existing ERP systems.” What are the options for a two-tier strategy? There are a many different ways an organization could choose to implement a two-tier ERP strategy. The most common high-level view is that the tier-one solution resides at the corporate headquarters and acts as the hub ERP system. The tier-two or -three ERP solutions are then spoke ERP systems connected to the hub ERP system. A typical two-tier approach is to have the corporate sales and financials managed in the hub Read More
What Is Software as a Service?
Though born from the ashes of traditional hosting models, software as a service differs fundamentally from its predecessors. Its software is designed to be

what is consignment stock  how is it measured? What if capacity is allocated on a provisional basis (or as a standby for emergencies), and not used? How are users to be billed? Furthermore, most enterprise applications are used unpredictably, and composite or tightly integrated applications add further complexity. In the future, these applications will increasingly be made of dynamically linked components and services, and some will be used almost continuously, while others only occasionally. To measure such usage, one might Read More
Is Your Warehouse Ready for the Upswing?
Supply chain management is a long-term strategy. The centerpiece for supply chain execution—the warehouse management system (WMS)—is an excellent place to start

what is consignment stock  Supply Chain Process | What is Supply Chain Management | WMS Software | Supply Chain Management Strategy | Warehousing | SCM Software | Upswing Whitepapers | Technology Evaluation Centers Warehousing Whitepapers | Highjump Software WMS Article | about WMS | Software Packages for Supply Chain Management | Highjump Warehouse Advantage Express | RFID | Powerful WMS | Advanced Warehouse Management Functionality | Warehouse or DC | DC Management | WMS pdf | Read More
Is J.D. Edwards's CRM 2.0 (With more than 200 Enhancements) Good News?
When it comes to touting 200 product enhancements, what J.D. Edwards is saying is that ease of integration is important to mid-market companies because they

what is consignment stock  its enterprise integration and what remains, is to verify the product's ability to fit verticals needs. Read More
Is There a Magic Pill for Web Performance Problems?
The growth of sites and users on the Internet is beginning to create concerns about performance and the effects of any performance problems on E-commerce.

what is consignment stock  There a Magic Pill for Web Performance Problems? Event Summary A recent study by Peter Sevcik of Northeast Consulting Services has raised the visibility of possible near-term problems with Internet performance. Sevcik studied Web-page delay both analytically and through experiments, the latter using data from Keynote Systems. He explains Web-page delay in terms of two parameters: Payload is the number of bytes a server sends to a browser for complete one page, and Turns are the number of times a browser Read More

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