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 inventory cycle counting


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

inventory cycle counting  remember this: A physical inventory is 85 percent preparation and 15 percent counting! That means for every hour you spend counting, you should spend 8.5 hours preparing. That may seem like a lot, but remember, there are pre-physical steps that need to be performed, as mentioned above. Step 17: Cycle the count. Inventory acts as a buffer between unmatched supply and demand. It hides problems! Eighty percent of a company's sales, profits, and costs are often from 20 percent of its products (Pareto

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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.

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Demand Management RFI/RFP Template

Promotion Planning, Pricing and Profit Optimization, Forecasting, Merchandise Planning, Life Cycle Planning, Consensus Planning,Collaborative Planning, Sales and Operations Planning (S&OP), Vendor Managed Inventory (VMI) Replenishment, Event Planning, Metrics and Reporting, Demand Management Systems Architecture, Product Technology  

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Documents related to » inventory cycle counting

Capitalizing on Advanced Inventory Management


Today’s distributors have an opportunity to drive performance to new levels by investing in advanced inventory management. These companies can expect to increase inventory visibility while driving down inventory costs. Learn how these kinds of inventory management initiatives can help your company strengthen customer relationships, bargain for better terms with suppliers, and generate more profitable growth.

inventory cycle counting  needed to do year-end inventory counts. Having 100,000 products in the warehouse makes it difficult to do a full cycle count, Fischer adds. TWL allows us to do cycle counts as we are running the business. Our accounting firms now do just samplings, and our accuracies are up around 99.7%. We've eliminated the annual four-day shutdown by doing continuous counting throughout the year. The next level in Endries' growth evolution was inventory management. After implementing Infor SCM Demand Planning, the Read More

Cost-justifying Warehouse Management Technologies in Small and Midsized Warehouses


The warehouse management system (WMS) concept has matured into a collection of time-tested technologies that reduce inventory costs and increase overall inventory management efficiencies. By implementing WMS technology, organizations can achieve a higher return on their software dollars and provide better service to their customers. A WMS can provide organizations with tangible benefits that improve warehouse operations without adding headcount.

inventory cycle counting  out) stock rotation, serialized inventory and lot and expiration-date tracking, ensuring complete control over the shipped product. When it comes to physical count of the inventory, Sage Accpac WMS supports by-date, product or bin cycle counting2. Sage Accpac WMS dramatically improves the accuracy of cycle counting by taking advantage of RF-based barcoding systems, eliminating transcription errors. Automatic updating of inventory information with Sage Accpac WMS Inventory Control system further improves Read More

Warehouse Management Better Business Practices: Cycle and Annual Counting


If you can’t find the number of parts, finished goods, or products your inventory system says you have, you are wasting your time. There are two ways to track inventory: either by doing a physical inventory count, or by implementing a cycle count program. Manage inventory rather than just store it—learn about the benefits of cycle counting, and how it can help you increase the accuracy of your real-time inventory data.

inventory cycle counting  by doing a physical inventory count, or by implementing a cycle count program. Manage inventory rather than just store it—learn about the benefits of cycle counting, and how it can help you increase the accuracy of your real-time inventory data. Read More

Can You Bring Cost Down through Better Inventory Management?


In my previous blog I discussed two approaches to bringing down your cost: cost cutting and cost reducing, with regards to the overall supply chain network. The most effective way of cost reduction in supply chain is through the collaborative effort of the whole organization. As discussed previously, the supply chain has various areas where cost reduction can be done, but for this blog, I want to

inventory cycle counting  ABC approach ) for inventory control. 5. Improve cycle counting techniques for inventory management. 6. Use vendor managed inventory or implement vendor stocking programs, which means supplier are managing inventory with the organization. 7. Use collaborative planning and replenishment (CPFR) business processes and IT standards to collaborate among multiple parties in the supply chain network. 8. Improve the forecast of each product at the item level, i.e. use a variety of demand forecasting arithmetic Read More

TDWI Conference in Chicago: The BI-cycle Still Running


Recently, I attended the TDWI Conference in Chicago. This conference was a great opportunity to learn insights from the people who are involved in the industry. In each conference, it’s always interesting to see how the BI sector has matured. The interest in gaining more and more control and improvement in the BI terrain is still a growing process. I’m glad to know there is still a lot to say

inventory cycle counting  Conference in Chicago: The BI-cycle Still Running Recently, I attended the TDWI Conference in Chicago. This conference was a great opportunity to learn insights from the people who are involved in the industry. In each conference, it’s always interesting to see how the BI sector has matured. The interest in gaining more and more control and improvement in the BI terrain is still a growing process. I’m glad to know there is still a lot to say and do in the data management space. I also had the Read More

Achieving Effective Inventory Management with Dynamics GP and RockySoft


Looking for a way to maximize the productivity and profitability of your inventory investment? Although good inventory management software is one key to an effective inventory management program, it must be implemented by a team that thoroughly understands the distributor’s needs and challenges. Learn about two solutions that, when combined, can lead you toward the goal of achieving effective inventory management.

inventory cycle counting  Effective Inventory Management with Dynamics GP and RockySoft Looking for a way to maximize the productivity and profitability of your inventory investment? Although good inventory management software is one key to an effective inventory management program, it must be implemented by a team that thoroughly understands the distributor’s needs and challenges. Learn about two solutions that, when combined, can lead you toward the goal of achieving effective inventory management. Read More

Application Life-Cycle Management for ERP: Overcoming the Barriers to Automation


Packaged enterprise resource planning (ERP) systems can be expensive and resource-intensive to implement, but they are critical to business. Disruptions due to application failures, performance problems, or unavailability come at a high price. ERP systems are highly change-oriented and must adapt; as a result, ERP teams are struggling to keep up. This white paper focuses on the issues surrounding the automation of the application life cycle for ERP systems. IDC conducted in-depth interviews with fifteen large PeopleSoft customers to better understand their challenges and needs.

inventory cycle counting  Life-Cycle Management for ERP: Overcoming the Barriers to Automation Packaged enterprise resource planning (ERP) systems can be expensive and resource-intensive to implement, but they are critical to business. Disruptions due to application failures, performance problems, or unavailability come at a high price. ERP systems are highly change-oriented and must adapt; as a result, ERP teams are struggling to keep up. This white paper focuses on the issues surrounding the automation of the Read More

Asset Life Cycle Management


Asset life cycle management is an increasingly important strategic initiative for asset-intensive industries to explore. Innovative organizations can use their assets for competitive advantage and thereby improve the profitability of their business. Learn how advanced asset life cycle management strategies can contribute to organizational agility, security, and flexibility, and improve responsiveness in a demanding marketplace.

inventory cycle counting  Life Cycle Management Asset life cycle management is an increasingly important strategic initiative for asset-intensive industries to explore. Innovative organizations can use their assets for competitive advantage and thereby improve the profitability of their business. Learn how advanced asset life cycle management strategies can contribute to organizational agility, security, and flexibility, and improve responsiveness in a demanding marketplace. Read More

Providing Integrated Solutions Through the Life Cycle of Project-based Businesses


Zavanti offers an end-to-end suite of solutions for the real estate, construction (property owners, developers, builders), and professional services verticals, as well as a series of implementation services including consulting and project management. In this report, TEC analyst Raluca Druta spotlights Zavanti, and outlines how the company's integrated suite of solutions helps property developers with their projects at each and every stage of the project life cycle.

inventory cycle counting  Integrated Solutions Through the Life Cycle of Project-based Businesses Zavanti offers an end-to-end suite of solutions for the real estate, construction (property owners, developers, builders), and professional services verticals, as well as a series of implementation services including consulting and project management. In this report, TEC analyst Raluca Druta spotlights Zavanti, and outlines how the company's integrated suite of solutions helps property developers with their projects at each Read More

Unlocking Working Capital: Best Practices for Reducing Inventory


Two-thirds of the 400 survey participants in a 2007 Aberdeen report about inventory management place a high priority on working capital optimization. Many companies are reconsidering their business strategies, including implementing appropriate technology platforms that help automate supply chain processes. Learn about cost-effective and practical ways to reduce inventory so that working capital can be released.

inventory cycle counting  Best Practices for Reducing Inventory Two-thirds of the 400 survey participants in a 2007 Aberdeen report about inventory management place a high priority on working capital optimization. Many companies are reconsidering their business strategies, including implementing appropriate technology platforms that help automate supply chain processes. Learn about cost-effective and practical ways to reduce inventory so that working capital can be released. Read More

Getting Business Requirements Right: Fixing the Highest-leverage Stages in the System Development Life Cycle


The later in the system development life cycle (SDLC) major errors are discovered, the more expensive it is to fix them. In fact, errors in released software are up to 80 times more expensive to fix than defects in the specification stage. That’s why you should adopt a methodology that brings the early stages of the SDLC up to a high level of maturity, in a way that’s consistent, proven, and optimized for success.

inventory cycle counting  Business Requirements Right: Fixing the Highest-leverage Stages in the System Development Life Cycle The later in the system development life cycle (SDLC) major errors are discovered, the more expensive it is to fix them. In fact, errors in released software are up to 80 times more expensive to fix than defects in the specification stage. That’s why you should adopt a methodology that brings the early stages of the SDLC up to a high level of maturity, in a way that’s consistent, proven, and Read More

Fixed Asset Inventory: A Guide to Getting Started


Implementing a fixed asset inventory solution and performing proper accounting of assets can save time and money, reduce theft, improve planning and budgeting, eliminate “ghost assets,” and help an organization recover after a natural disaster. However, the importance of tracking and managing fixed assets such as land, buildings, transportation, and manufacturing equipment is often overlooked. This white paper discusses best practices for fixed asset inventory management and suggests tips for implementing a successful inventory process, including how to create an asset inventory process, implement a label and scanning solution for tracking of assets, establish an accurate baseline of fixed assets, and design a “go-forward” strategy for maintaining an asset inventory.

inventory cycle counting  Implementing a fixed asset inventory solution and performing proper accounting of assets can save time and money, reduce theft, improve planning and budgeting, eliminate “ghost assets,” and help an organization recover after a natural disaster. However, the importance of tracking and managing fixed assets such as land, buildings, transportation, and manufacturing equipment is often overlooked. This white paper discusses best practices for fixed asset inventory management and suggests tips for Read More

Inventory Management Technology Strategies for Distribution


Inventory has been—and continues to be—the lifeblood of the distribution marketplace. While many companies are slow to adopt new strategies and technologies, a growing number of distributors are leveraging inventory practices to improve key metrics like customer retention, gross margins, and inventory turns. Read these research survey findings to find out how you can make better inventory management technology decisions.

inventory cycle counting  you to see what inventory is or will be available, organize work and align resources and labor to satisfy customer requirements, and optimize fulfillment and distribution processes to ensure that products are delivered on time and in full, each and every time. Source : Infor Resources Related to Inventory Management Technology Strategies for Distribution : Distribution (business) (Wikipedia) Inventory (Wikipedia) Inventory Management Technology Strategies for Distribution Inventory Management is also Read More

Increasing Agility and Decreasing Change Life Cycle Timeframes in SOA-based Systems


While service oriented architecture (SOA)-based systems are great for re-using the existing IT infrastructure to implement newer business processes, they only help IT professionals. Thus, an SOA-based system is a technical answer to a business challenge—but in order to help businesses react to business changes, existing business rules management system (BRMS) technology should be included in the mix.

inventory cycle counting  Agility and Decreasing Change Life Cycle Timeframes in SOA-based Systems While service oriented architecture (SOA)-based systems are great for re-using the existing IT infrastructure to implement newer business processes, they only help IT professionals. Thus, an SOA-based system is a technical answer to a business challenge—but in order to help businesses react to business changes, existing business rules management system (BRMS) technology should be included in the mix. Read More