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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)

basic inventory control methods  to capture demand on basic levels. A product configurator tool helps set up final configuration at the order entry stage, meaning final products do not have to be stored in the warehouse, only the individual components. This makes it possible for forecasting to be much easier and more accurate, as well as cutting leadtimes. As companies create more SKUs, it becomes more complicated to ensure accurate information on all of them. To ease the heavy maintenance of thousands of different products, IBS 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 » basic inventory control methods


Advanced Planning and Scheduling: A Critical Part of Customer Fulfillment
The face of business is rapidly evolving from traditional brick-and-mortar facades to electronic ones. While web businesses spend considerable effort in

basic inventory control methods  Forecasting algorithms, ranging from basic extrapolation to neural networks, which take into account business events, are usually classified under demand management. Demand management is an important venue for APS more because it provides a point from which the rest of fulfillment activities follow. . Production planning Production planning determines the blueprint for meeting customer demands over long periods of time. Plans specify the product to be ordered or manufactured, its required quantity, any Read More
Using Inventory Optimization to Reduce Inventory Levels in a Lean Environment
Small and medium businesses (SMB) need to address inventory challenges by using a tightly integrated approach that reflects the dynamics of the extended supply

basic inventory control methods  quantity in addition to basic inventory that serves as a buffer against uncertainty. The challenge is to weigh the balance in favor of basic stock so that the business holds as little safety stock as possible and provides 'just the right amount' of seasonal stock. However, the predictability of demand has a direct impact on how much safety stock a business must hold. When demand is unpredictable, higher levels of safety stock must be maintained. Therefore, the search for the optimal inventory levels to Read More
RFID Case Study: Gillette and Provia Part One: Background
The goal of the pilot project was not to see whether RFID tags on pallets and cases could be read automatically (although one should not assume that it is easy

basic inventory control methods  if deployed in its basic form, the technology would simply replace current identification methods (i.e., barcodes) but significantly increase the cost. Thus, to achieve these additional above-touted business benefits, RFID use must automate business processes for better stock identification, and the act of automating information collected from stock movements requires considerable additional business logic and analytics. For example, just an RFID reading event will not give any indication as to whether Read More
How Kelly Moore Paints Simplified Its ERP Software Evaluation and Selection
Kelly-Moore Paints, the largest employee-owned paint company in the US, was looking to consolidate all business activities into one company-wide platform. The

basic inventory control methods  vendors that it Kelly-Moore's basic needs. TEC's eBestMatch decision support engine and research portal allowed Kelly-Moore to eliminate those solutions that did not integrate with its existing Oracle financial platform, reducing that number to eight. The company then added its custom feature and function criteria to the pre-existing TEC template, allowing for a further reduction to four shortlisted vendors. TEC's eBestMatch also provided the Kelly-Moore team with the means to run what if scenarios to Read More
Using Supply Chain Design and Optimization to Reduce Inventory
Historically, companies have invested in tactical and operational supply chain technology solutions. These solutions helped model and operate existing supply

basic inventory control methods  Supply Chain Design and Optimization to Reduce Inventory Historically, companies have invested in tactical and operational supply chain technology solutions. These solutions helped model and operate existing supply chains, without addressing overall supply chain design and strategy. Companies are increasingly turning to strategic solutions such as supply chain design and optimization (SCDO) to help satisfy customer demand while balancing limitations on supply and the need for operational efficiency. Read More
Six Steps to Effective Inventory Management
You can take two approaches to inventory management: assume it’s a necessary evil and implement an inventory reduction program when cash gets tight, or put an

basic inventory control methods  Steps to Effective Inventory Management You can take two approaches to inventory management: assume it’s a necessary evil and implement an inventory reduction program when cash gets tight, or put an active inventory management process in place, and continually improve the business results. Learn how to view inventory as cash that can be invested in other ways: move from reactive inventory management to lean and active inventory management in six easy steps. Read More
Self-service SOX Auditing with S3 Control
Compliance with the US Sarbanes-Oxley Act (SOX) is not a one-time project, but a sustained effort to gain visibility into processes affecting financial

basic inventory control methods   Read More
Better Together: Blades, Linux, and Insight Control
In today’s datacenter, management costs have eclipsed all others. Server management puts a huge strain on IT budgets and, as a result, solutions that reduce

basic inventory control methods   Read More
Best Practices in Demand and Inventory Planning for Chemical Companies
Supply chain planning involves functions such as demand forecasting and planning, distribution inventory planning, and plant capacity planning and scheduling

basic inventory control methods  Practices in Demand and Inventory Planning for Chemical Companies Supply chain planning involves functions such as demand forecasting and planning, distribution inventory planning, and plant capacity planning and scheduling. The right mix of strategy, education, and systems can have a very high impact on a manufacturer’s overall operations—and ultimately its bottom line. Understand how supply chain functions such as demand and inventory planning can positively impact your company. Read More
Active RFID Solutions for Asset Tracking and Inventory Management
Radio frequency identification (RFID) technology is fast replacing ScanCode technology in asset tracking and inventory management. Traditionally, asset tracking

basic inventory control methods  RFID Solutions for Asset Tracking and Inventory Management Radio frequency identification (RFID) technology is fast replacing ScanCode technology in asset tracking and inventory management. Traditionally, asset tracking and inventory management in retail supply chain or manufacturing or service units depended heavily on manual scanning of bar code printed on each item at every strategic point. This white paper focuses on details of RFID technology and how you can automate asset tracking and 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

basic inventory control methods  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
Access Management: Efficiency, Confidence and Control
Managing access to protected resources can be risky business as new applications and services are deployed, as new users join the extended enterprise, or as

basic inventory control methods  it security,access control,access control security systems,door access control,access control systems,network access control,security access control systems,access control system,door access control system,access control software,hid access control,rfid access control,internet access control,access control list,biometric access control Read More
How to Balance Control and Agility in the Virtual Environment
Find out in balancing control and agility in the virtual environment.

basic inventory control methods  balance control agility virtual environment,balance,control,agility,virtual,environment,control agility virtual environment,balance agility virtual environment,balance control virtual environment,balance control agility environment,balance control agility virtual. Read More
How to Optimize Your Inventory and Free Your Capital
Inventory optimization enables companies to improve the performance of both the supply and maintenance functions. Your inventory optimization solution should

basic inventory control methods  to Optimize Your Inventory and Free Your Capital Inventory optimization enables companies to improve the performance of both the supply and maintenance functions. Your inventory optimization solution should not only identify optimal holdings of each item, but do so automatically—and analyze usage, as well as adjust stock holdings and reordering points on an ongoing basis. Find out how inventory optimization can help you reduce downtime and increase productivity. Read More

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