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Software Functionality Revealed in Detail
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 inventory planning


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

inventory planning  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.

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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 » inventory planning

Inventory Planning & Optimization: Extending Your ERP System


SCM vendors are adding best of breed solutions to ERP product suites and are aggressively marketing this new functionality. The SCM market has been growing so strongly that where SCM was once viewed as a means to gain competitive advantage, companies now see it as a necessary extension of an ERP system, especially Inventory Management and Optimization solutions.

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How Better Inventory Planning Can Unlock New Profit Potential for Distributors


Distributors increasingly play a value-added role in the supply chain. To remain competitive, they must rapidly react to the slightest changes in demand. But current forecasting techniques and the tools most distributors use don’t allow the needed long-term visibility. Discover how new solutions for demand planning can address the challenges of forecasting, and reduce obsolescence and the cost of inventory investment.

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Inventory Optimization: A Technique for Improving Operational Inventory Targets


To boost efficiency, run leaner, and drive down the cost of supply, many organizations are exploring inventory optimization—a technique for improving operational inventory targets to address the realities of today’s highly complex, ever-evolving global supply chains. This paper examines how the stochastic multistage, multi-inventory model supports inventory optimization.

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Inventory Planning & Optimization: Extending Your ERP System Part Two: How It Works


Organizations today realize that although strategies focusing on outsourcing transportation, e-business and new distribution models are important, these are all secondary in relation to what lies at the heart of any supply chain: INVENTORY. Although firms have invested significantly in ERP and MRP systems in the last decade, overall inventory levels within the extended supply chain remain relatively unchanged.

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SAP BusinessObjects Planning and Consolidation


The SAP BusinessObjects Planning and Consolidation application can help unify and streamline the planning, budgeting, and forecasting process, and can enable a faster close. Finance-owned and maintained, the application unifies planning, financial consolidation, and management reporting for the enterprise-which can improve budget cycle times, drive compliance with regulatory and financial standards, help reduce external audit costs, instill confidence, and reduce business risk. With SAP BusinessObjects Planning and Consolidation, functionality companies need to meet their bottom-up and top-down financial and operational planning requirements, as well as complete consolidation and reporting, is available through a single, unified application and user interface. Companies can benefit from the following advantages: Improved agility-quickly model new business scenarios and decide on a course of action that maximizes value creation. Reduced cycle time-finance and line-of-business managers can collaborate in a unified landscape, streamlining the process of creating and approving plans, budgets, and forecasts. Minimized business and compliance risk-transparent financial data and a single version of the truth enable fast, accurate management and statutory reporting. Increased user productivity-an intuitive interface and familiar office tools help workers make the most of their time.

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How to Select a Sales and Operations Planning (S&OP) System


Mature sales and operations planning (S&OP) is more than a sales forecasting or tactical planning tool. S&OP is a decision-making mechanism for aligning strategic plans with sales, operational, and financial plans. Download this TEC executive brief for pointers on selecting an S&OP system, information about how mature S&OP processes can help tackle critical business issues, and key S&OP system capabilities to look for.

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Executive Sales and Operations Planning Maturity Levels and Key Solution Criterion


Sales and operations planning (S&OP) is the key integrated process that the supply chain organization can leverage to achieve visibility and transformation across the entire organization and throughout the value chain. This white paper explores the current business challenges face by companies, the priority allocated to S&OP, the maturity levels associated with S&OP, and the role of technology enablers.

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Orchestrate Your Business with Integrated Business Planning


Learn how your company can reap the financial and competitive rewards of ibp in ibp: redesigning planning for a more dynamic business.

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4 Steps to Successful Succession Development Planning


So you’ve determined that you need to develop a succession planning strategy in anticipation of the retirement of key personnel. Now what? How do you identify and select the employees for development and who do you need to involve in the process? In her latest article, TEC human capital management (HCM) analyst Sherry Fox outlines key considerations and four essential steps to a successful succession planning initiative.

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The CEO’s Guide to Succession Planning: Managing Risk & Ensuring Business Continuity


To effectively transform succession planning from a manual, paper-based process to one that is systematic and technology-enabled, CEOs must focus on laying a solid foundation supported by strong executive leadership. Read this CEO guide to get five key tips to jump-start your succession planning efforts to better manage risk and ensure business continuity and to know how a strong succession strategy can impact your company.

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