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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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 applying asset inventory policy


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)

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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

Enterprise Asset Management (EAM/CMMS) RFI/RFP Template

General CMMS Functionality, Maintenance Management, Integration, Human Resources, Financials, Purchasing Management, Inventory Management, Product Technology 

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The Total EAM Vision Strategic Advantages in Asset Management


Physical asset management contributes greatly to the achievement of competitive advantages in capital intensive companies. Particularly in the areas of productivity, quality, cost effectiveness, and risk management. If your company has a need to manage physical assets it can benefit from a proven Total EAM solution provided by one of the top-level systems vendors.

applying asset inventory policy  added benefits available in applying EAM systems this adds potential areas of strategic advantage in: Utilization and development of human resources Financial optimization of the maintenance function Reduced inventory holdings Better vendor selection and management Human Capital Management This requires a truly proactive approach to asset management. An approach that involve looking forward to take decisions instead of looking back. Proactivity, when expressed in terms of EAM, means: Use of what if Read More

Meeting the Challenge: Planning for IFRS Conversion


Over 100 countries now require or permit International Financial Reporting Standards (IFRS) reporting. Companies preparing to make this challenging switch will need to focus on technical accounting issues, the differences between IFRS and generally accepted accounting principles (GAAP), and more. Learn about the issues surrounding IFRS adoption and the systems you use to manage and report financial information.

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The Need for Vulnerability Management


New network vulnerabilities appear every day due to flaws in software, faulty configuration, and human error. Detecting, removing, and controlling vulnerabilities requires vulnerability management (VM)—the continuous use of software tools to purge exploitable risks. Find out how making VM a part of your network security strategy can help you counter sophisticated exploits and document compliance with security standards.

applying asset inventory policy  Traditional manual processes for applying patches and other remediation are slow and expensive. Sometimes the high cost of patching coupled with the high volume of patches released by vendors encourages organizations to delay remediation. Organizations may delay updates ' even for critical patches ' until availability of multiple patches, service packs, or a regular monthly, quarterly or annual update process. Unfortunately, delay can be a fatal strategy so it's important to remediate vulnerabilities as Read More

Asset Data for Accurate Lifecycle Management


Among the areas where modern enterprise asset management (EAM) systems provide substantial benefits is the driving out of inefficiencies in business processes. This is why the development of effective maintenance policies is generally the foremost consideration for modern asset managers.

applying asset inventory policy  effective maintenance policies. When applying measurement programs to asset management or maintenance, companies generally look directly to direct performance measures. These are things such as failure rates, mean time to repair, availability, quality and a whole list of other measures of how a machine is operating at any given time (often trended to give a view of improvement or deterioration). These are perfectly reasonable measures, and they give a company a snapshot of how a machine is performing 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.

applying asset inventory policy  be compromised. However, simply applying an external inventory optimization solution is not the silver-bullet that will solve all problems. To understand why we must look at the company itself and isolate the reasons it is often diffi cult to achieve dramatic improvements in inventory control. These challenges need to be overcome, in part, by the method in which the inventory optimization system is implemented and, in part, by the technological functionality the system embodies. On a more technical Read More

The First Steps to Achieving Effective Inventory Control


Despite varying locations and industries, distributors worldwide often face similar inventory-related problems. Too much of one product, not enough of another… and the list goes on. Discover how many forward-thinking distributors have learned to better manage production inventory—and increase efficiency and profitability—with smart inventory management strategies based on tried and proven methods and best practices.

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The Strategic Importance of Asset Management Part Two: Implications


The changing attitudes, understandings of physical assets and market conditions bring a broad array of implications for those responsible for asset management. The majority of these can be explained as "new accountabilities." Many of these are accountabilities leveled at, or within, corporations themselves. However many will also be directed at the individuals taking or overseeing these decisions, often with daunting consequences for failure.

applying asset inventory policy  Strategic Importance of Asset Management Part Two: Implications Implications for Asset Management The changing attitudes, understandings of physical assets, and market conditions bring a broad array of implications for those responsible for asset management. The majority of these can be explained as new accountabilities. Many of these are accountabilities leveled at, or within, corporations themselves. However many will also be directed at the individuals taking or overseeing these decisions, often Read More

Six Keys to Exceeding Expectations with Inventory Optimization Initiatives


Inventory optimization is a proven vehicle to gain competitive value through reduced inventory, freed-up working capital, and improved service levels. But leading the inventory innovation initiative in your organization requires more than an understanding of its enormous cost savings and customer service improvements. Discover the six most common factors that can make or break your inventory optimization projects.

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NEXGEN Asset Management


NEXGEN Asset Management provides engineering, management and technology consulting services and produces software solutions. We bring over25 years of consulting experiences in the engineering, operations, maintenance, management and technology. The unique combination of our expertise gives us the comprehensive perspectives of asset management solutions. The synergies between our software developers, management consultants and engineers have resulted in the development of NEXGEN Asset Management, the Industry Leading Asset Management Software

applying asset inventory policy  Asset Management NEXGEN Asset Management provides engineering, management and technology consulting services and produces software solutions. We bring over25 years of consulting experiences in the engineering, operations, maintenance, management and technology. The unique combination of our expertise gives us the comprehensive perspectives of asset management solutions. The synergies between our software developers, management consultants and engineers have resulted in the development of NEXGEN Read More

APICS 2009 Preview Webinar Series, Session 5: Managing Inventory in a Changing Economy


The 2009 APICS International Conference and Expo is starting next week in Toronto (Canada). One of the educational tracks is focusing on how to manage inventory in a changing economy. As inventory is a challenging issue for all types of manufacturing organizations, regardless of industry. If an organization can manage its inventory without losing focus on demand and where its dollars are being

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The Quest for Leaner Asset Management: Interoperablility with ERP, GIS and HMI/SCADA Enables Maintenance Management Systems to Achieve Higher Levels of Efficiency and Increased Asset Output


Managers of maintenance systems continually strive for leaner, more optimized work flows. This white paper presents the benefits achieved by interoperating with enterprise resource planning (ERP), geographic information system (GIS), and human machine interface (HMI) and supervisory control and data acquisition (SCADA) systems. The paper also presents the different approaches that organizations are taking to address the interoperability challenge.

applying asset inventory policy  Quest for Leaner Asset Management: Interoperablility with ERP, GIS and HMI/SCADA Enables Maintenance Management Systems to Achieve Higher Levels of Efficiency and Increased Asset Output Managers of maintenance systems continually strive for leaner, more optimized work flows. This white paper presents the benefits achieved by interoperating with enterprise resource planning (ERP), geographic information system (GIS), and human machine interface (HMI) and supervisory control and data acquisition (SCADA) s Read More

The Advantages of a Dedicated Fixed Asset Management System


When businesses implement an ERP system, they have to decide whether to manage fixed assets using an add-on module from the ERP vendor or a dedicated fixed asset management solution. The key differentiating factors can be functionality, ease-of-use, cost, and compliance issues. If you’re currently searching for a fixed asset management solution, this guide looks at the differences between the two types of assets and explains why a best-of-breed fixed asset management solution may be a more affordable, flexible, and reliable option than an ERP add-on module.

applying asset inventory policy  Advantages of a Dedicated Fixed Asset Management System When businesses implement an ERP system, they have to decide whether to manage fixed assets using an add-on module from the ERP vendor or a dedicated fixed asset management solution. The key differentiating factors can be functionality, ease-of-use, cost, and compliance issues. If you’re currently searching for a fixed asset management solution, this guide looks at the differences between the two types of assets and explains why a best-of-breed Read More

What Your Refrigerator Can Teach You about Lean Inventory


A lean supply chain consists of two major components—lean manufacturing and lean distribution—which focus on satisfying customer demand efficiently, at the lowest cost, with the least amount of waste. But what if your replenishment strategy is your distribution center’s weakest link? To improve customer satisfaction and achieve efficiency and balance, your replenishment strategy must consider all the key variables.

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SAP to Acquire Inventory Optimization Vendor SmartOps


SAP announced on Friday evening its intention to (finally) acquire SmartOps, a move much anticipated for some time. The most enduring mystery about this is not that it happened, or why, but why SAP waited so long to make the move. SmartOps had established a leading position in the inventory optimization space, and had obviously formed a very close relationship with SAP, who realized long ago

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