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Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
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 basic inventory control methods


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

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

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 order processing and production scheduling. ERP began as a term used to describe a sophisticated and integrated software system used for manufacturing. In its simplest sense, ERP systems create interactive environments designed to help companies manage and analyze the business processes associated with manufacturing goods, such as inventory control, order taking, accounting, and much more. Although this basic definition still holds true for ERP systems, today its definition is expanding. Today’s leading ERP systems group all traditional company management functions (finance, sales, manufacturing, and human resources). Many systems include, with varying degrees of acceptance and skill, solutions that were formerly considered peripheral such as product data management (PDM), warehouse management, manufacturing execution system (MES), and reporting. During the last few years the functional perimeter of ERP systems began an expansion into its adjacent markets, such as supply chain management (SCM), customer relationship management (CRM), business intelligence/data warehousing, and e-business, the focus of this knowledge base is mainly on the traditional ERP realms of finance, materials planning, and human resources. The foundation of any ERP implementation must be a proper exercise of aligning customers'' IT technology with their business strategies, and subsequent software selection. 

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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 polishing Internet front ends with sophisticated graphics and animation, they must also give attention to back end fulfillment operations. Invisible to consumers, these operations encompass networks of manufacturers, warehouses, and distributors that shoulder the burden of filling orders and delivering products. Advanced Planning and Scheduling (APS) offers powerful tools for addressing the challenges presented to these networks by e-commerce.

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 chain. Data must also be available to other application modules within the enterprise resource planning (ERP) system. An inventory optimization solution allows companies to effectively fulfill demand and identify how to gain additional profits from their inventories.

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 to achieve), but rather to develop or improve the systems and business processes needed to sustain higher levels of efficiency and productivity.

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 challenge: it had only 10 months in which to complete the project—including requirements-gathering, evaluation and selection, and implementation. Find out how Technology Evaluation Centers (TEC) helped Kelly-Moore take control of its software selection project.

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 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.

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 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.

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 reporting accuracy. Most IT controls are manual, error-prone, and resource-intensive. However, there’s a new, radical solution: an automated IT control framework in which all the information required to verify compliance is available in a single reporting system.

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 costs by simplifying IT infrastructures and automating management processes are in high demand. Thankfully, a Linux-hosted management tool delivers automation for key management process—allowing your IT talent to focus on real-time business needs.

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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. 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.

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 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 inventory management of your enterprise using it. The white paper takes aid of a case study on how FicusSoft has developed and successfully implemented RFID integrated asset tracking and inventory management solutions for a reputed manufacturer of ultra-sensitive instruments used in the field of biotechnology and pharmaceutical research.

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 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.

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 existing users change roles. Strategy and technology choices—along with the policy, planning, process, and organizational elements of implementation—are critical factors in the overall success of an organization’s access management initiative.

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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 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.

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