Inventory Optimization

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inventory-optimization

consists of tools used by merchandisers to make important buying and selling decisions regarding inventory. Though vendors employ different terms, (such as strategic merchandise management, merchandise and assortment planning, planning decision support, and replenishment) to describe inventory optimization, they refer to software that helps merchandisers make accurate decisions and ensure products are placed at the right time, price, and place. The tools used by inventory optimization often include planning, forecasting, replenishment, and stock optimization. (inventory-optimization)

Inventory Optimization

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1.	Inventory Planning & Optimization: Extending Your ERP System Part Three: Business Case for Inventory Optimization Solutions ( Pages) by D Hooiman Apr 7, 2003 Abstract : Inventory Optimization software recognizes that different industries have different inventory profiles and requirements. Research has indicated that solutions are priced in a large range from tens of thousands of Dollars to millions of Dollars. In this niche market sector, price is definitely not an indicator of the quality of solution. ROI and usability are paramount.
2.	Retail Systems: A Primer ( Pages) by Caroline Lam Mar 13, 2006 Abstract : The core components of a retail information system are inventory management, inventory optimization, revenue management, sales management, and reports and inquiries. Non-core components can include financial, supply chain management, enterprise resource planning, customer relationship management, and warehouse management systems.
3.	Inventory Planning & Optimization: Extending Your ERP System ( Pages) by Dirk Hooiman Apr 4, 2003 Abstract : SCM vendors are adding best of breed solutions to ERP product suites and are aggressively marketing this new functionality. The SCM market has been growing so strongly that where SCM was once viewed as a means to gain competitive advantage, companies now see it as a necessary extension of an ERP system, especially Inventory Management and Optimization solutions.
4.	Inventory Planning & Optimization: Extending Your ERP System Part Two: How It Works ( Pages) by D Hooiman Apr 5, 2003 Abstract : Organizations today realize that although strategies focusing on outsourcing transportation, e-business and new distribution models are important, these are all secondary in relation to what lies at the heart of any supply chain: INVENTORY. Although firms have invested significantly in ERP and MRP systems in the last decade, overall inventory levels within the extended supply chain remain relatively unchanged.
5.	Overcoming Chemicals Industry Challenges through Optimization of Distribution and Inventory ( Pages) by Olin Thompson and PJ Jakovljevic May 11, 2006 Abstract : For chemical companies, optimizing the distribution network and rationalizing inventories are the keys to an efficient supply chain and smoother operations. They must also resolve the challenges posed by environmental regulations and the need for seamless data integration.
6.	Provia Tackles RFID in a Twofold Manner Part Five: 3PL Support and SCE Optimization ( Pages) by P.J. Jakovljevic Aug 17, 2004 Abstract : FourSite 4.4 is an upgrade of its fulfillment solution oriented towards third party logistics (3PL) providers. ViaOptimize, is an advanced step for companies who have already automated their facilities with Provia's WMS and are now looking at optimization as a key area of improvement, efficiency and cost reduction.
7.	Advanced Planning and Optimization Software: Myths, Facts, and User Perceptions (7 Pages) by Ashfaque Ahmed Jul 6, 2004 Abstract : Advanced planning optimization (APO) or advanced planning and scheduling (APS), as it is sometimes called, has been creating a lot of confusion and skepticism, albeit for wrong reasons, because of its many publicized failures, especially in tactical and strategic use. The reasons for past failures included lack of training and complex user interfaces among other things. However there is a renewed interest in APO and many vendors are creating easy-to-use systems along with new awareness. This coupled with its profound success in mission critical tasks will result in more users using APO systems.
8.	Yes, We Have No Bananas: Consumer Goods Manufacturers Serve Demanding Customers ( Pages) by Olin Thompson and PJ Jakovljevic May 26, 2006 Abstract : Consumer packaged goods manufacturers have to measure the most important metric of all: orders delivered on time, in full. To accomplish this requires sophisticated inventory management and optimization tools for the consumer goods supply chain.
9.	eLoyalty Enhances Its Field Service And Logistics Services ( Pages) by L. Talarico Nov 21, 2000 Abstract : eLoyalty, a CRM strategy and implementation consultancy, recently partnered with ServicePower to enhance its Field Service and Logistics practice. ServicePower is a small vendor that develops dispatch optimization software. eLoyalty will use ServicePower’s software to incorporate dispatch optimization and other aspects of Field Force Automation into their CRM services.

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