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19 Steps to Maintain an Accurate Inventory What You Must Know About Your Inventory
It takes $2,500 in new sales to make up $100 in lost inventory, assuming a 4 percent return. Keeping an orderly warehouse with up-to-date processes and informed

accurate inventory  Steps to Maintain an Accurate Inventory What You Must Know About Your Inventory 19 Steps to Maintain an Accurate Inventory What You Must Know About Your Inventory Featured Author - Ren Jones - May 19, 2005 Introduction Peter Drucker, the foremost author and expert on enterprise and self-management, and one whom I am sure everyone reading this has probably heard of, stated, We know little more about distribution today than Napoleon's contemporaries knew about the interior of Africa. I found out just how Read More

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Documents related to » accurate inventory


10 Tips for Perfect (Nearly!) Inventory Accuracy
Even though we have made enormous advances in technology and business processes, many organizations and manufacturers still cannot perform basic warehouse

accurate inventory  operating costs; and provide accurate data for financial records. Inventory accuracy is one of the major performance factors in any warehouse or distribution center. To have the appropriate amount of inventory (i.e. not carrying too much at a time) is a major success factor for an organization. Inventory can only be maintained effectively with the right processes and with proper material handling procedures in place. Most inventory control problems arise from poor inventory control measures and lack of 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

accurate inventory  manufacturing principles enabling more accurate forecasting at product component levels. Source : SYSPRO Resources Related to Reduce Inventory Levels in a Lean Environment : Lean Manufacturing (Wikipedia) Using Inventory Optimization to Reduce Inventory Levels in a Lean Environment Lean is also known as : Lean , Lean Management , Lean Manufacturing , Lean for Service Industry , Process Improvement , Lean Manufacturing Lean Production , Lean Production , Lean Tools , Lean Software , Lean Innovations , Read More
Achieving Effective Inventory Management
In today’s competitive business environment, wholesale distributors face critical factors that directly affect customer satisfaction and profit margins. These

accurate inventory  other elements necessary for accurate inventory forecasting: Trends: The popularity of products changes over time. Sage MAS 500 allows users to specify that usage in a particular product line and/or warehouse is increasing or decreasing over time. The typical forecasting methods used in other distribution suites, including rolling averages and exponential smoothing, lack flexibility and may not forecast demand with the accuracy that today's distributors require. Known Future Changes in Usage: Read More
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)

accurate inventory  benefit your business with accurate forecasts that help cut down inventory volume and costs. Statistical forecasting should be used for all items with a base volume where there are limited promotions, no new markets and predictable seasonal variances and trends, because the system can do all the work. New markets, new products and other more complex variances require the use of demand planning for calculating forecasts. This method assures that stock is available for sales at the right time for selling Read More
CSN Achieves Streamlined Order & Inventory Management, Improves Customer Service


accurate inventory  Achieves Streamlined Order & Inventory Management, Improves Customer Service Read More
Master Data Management and Accurate Data Matching
Have you ever received a call from your existing long-distance phone company asking you to switch to its service and wondered why they are calling? Chances are

accurate inventory  Data Management and Accurate Data Matching Have you ever received a call from your existing long-distance phone company asking you to switch to its service and wondered why they are calling? Chances are the integrity of its data is so poor that the company has no idea who many of its customers are. The fact is, many businesses suffer from this same problem. The solution: implement a master data management (MDM) system that uses an accurate data matching process. Read More
Case Study: How Novelis Slashed Inventory by Eight Million Pounds
Novelis is the world leader in aluminum rolling and beverage can recycling. Novelis produces advanced aluminum sheet and foil products for customers in high

accurate inventory  Study: How Novelis Slashed Inventory by Eight Million Pounds Novelis is the world leader in aluminum rolling and beverage can recycling. Novelis produces advanced aluminum sheet and foil products for customers in high-value markets, including automotive, transportation, packaging, construction, and printing. Find out how scheduling technology improved some of its most important key performance indicators (KPIs). Read More
Supply Chain Management: Morphing the Functional Scope of Service Parts
The quintessential business challenge is to minimize downtime on assets while minimizing the cost of spare and replacement parts inventory. To meet these

accurate inventory  Chain Management: Morphing the Functional Scope of Service Parts The Morphing Functional Scope of Service Parts SCM There are many requirements involved in the supply chain management (SCM) of service and replacement parts that make the process different from traditional, new parts SCM (see Part One ). As a result, some specialist SCM solutions have been developed to address these challenges. Some might resemble conventional SCM solutions, but feature different approaches. The requirements of Read More
Case Study: Rowmark LLC Doubles in Size while Reducing Inventory and Customer Service
A few years ago, the top customer complaint for plastics provider Rowmark was shipping errors. For several reasons, customers weren’t receiving what they

accurate inventory  Study: Rowmark LLC Doubles in Size while Reducing Inventory and Customer Service A few years ago, the top customer complaint for plastics provider Rowmark was shipping errors. For several reasons, customers weren’t receiving what they ordered. Problems were traced back to handwritten inventory labels, and manual counting and checking of orders. Learn how the company upgraded the system it already had by adding bar code labels and scanning, as well as other electronic data interchange (EDI) techniques 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

accurate inventory  because of the inevitably inaccurate forecast. Also, excess inventory scenarios often exist within worldwide services and warranty repair organizations. This can mean one of two things: One can have excess spares inventory that another service organization within the company or the distributor channel needs, but hardly anyone has any way of knowing about it; or there is excess stock of the product throughout the company and one must go to the open market to dispose of it. Other sources of excess Read More
Transforming Inventory into a Strategic Weapon
Strategic inventory management requires a deep understanding of how the end-to-end supply chain is managed. From intelligently micro-segmenting products to

accurate inventory  Inventory into a Strategic Weapon Strategic inventory management requires a deep understanding of how the end-to-end supply chain is managed. From intelligently micro-segmenting products to creating continuous inventory process improvements, few businesses are capable of transforming their inventory into a competitive advantage. Some forward-looking leaders—backed by technology and expertise from JDA—are changing the definition of inventory optimization. Read how. Read More
Overcoming Chemicals Industry Challenges through Optimization of Distribution and Inventory
For chemical companies, optimizing the distribution network and rationalizing inventories are the keys to an efficient supply chain and smoother operations

accurate inventory  of creating comprehensive and accurate customer profiles. Consequently, there has been a lack of ability to prioritize customers and answer the basic question of whether the customer is worth keeping after all. There is an increasing awareness of the need for a customer segmentation that would grant a high degree of attention for the most profitable customers, while using more efficient means (such as an e-commerce Web site, price increases, or additional surcharges) for high-cost, less profitable 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

accurate inventory  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
As the Economy Rebounds, Will Your Organization Be Ready for New and Increasing Demand? A Summary of the 2009 APICS Conference
Companies can get the latest on supply chain management trends—from inventory management, forecasting, and sales and operations planning—at the annual APICS

accurate inventory  the Economy Rebounds, Will Your Organization Be Ready for New and Increasing Demand? A Summary of the 2009 APICS Conference Industries around the world have seen quite a number of changes from globalization, regulations, and technological trends, such as software as a service (SaaS). All of these factors have caused organizations to seek ways to adapt to ongoing change in order to better manage their supply chains in this global context. The theme of this year's Association for Operations Management Read More

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