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Sales and Operations Planning: The Key to Continuous Demand Satisfaction
All companies use some form of sales and operations planning (S&OP) to synchronize market data with production output. But most practice a planning process

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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 or...
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Documents related to » inventory reduction sop


CRM For Complex Manufacturers Revolves Around Configuration Software
While pundits have been debating whether the configuration software deserves to be a CRM module on its own, it is certainly a part of the much broader CRM class

inventory reduction sop  together, organizations can decrease inventory and remove slow-moving and non-standard items or parts from inventory, and should only stock items in high demand. Without a configurator, manufacturers would have to create an awful number of customized products straight from stock in anticipation of potential demand, which has become prohibitively impractical, while with a configurator, enterprises can have many components and raw materials identified, pre-assembled, and ready for the final assembly. Read More
Lean Tools and Practices that Eliminate Manufacturing Waste
A number of lean manufacturing tools and practices have long been used to reduce manufacturing waste. These include the five S's, visual controls, standardized

inventory reduction sop  and demand to minimize inventory levels and reduce the amount of extra costs caused by expediting activities in the supply chain. To do this, the JIT/S module integrates the mid-range or long-term planning and supply chain communication functions of MRP processes with its execution processes, which are focused on manufacturing configured products that are delivered to the customer at the exact time they are needed. Such solutions illustrate the difference between kanban and other lean manufacturing Read More
The Theory of Constraints Enters the Lean Manufacturing Arena
Lean principles are difficult to employ in complex environments, but materials requirement planning has well-known limitations. The theory of constraints, which

inventory reduction sop  lead times and bloated inventory levels. Large lot sizes are a way of compensating for the fixed cost of a process, such as changeover or set-up costs, transaction-level costs (e.g., releasing orders, issuing parts, closing and reconciling orders, moving product batches into stocks, etc.), and other per order factors. With a large run, these costs can be distributed over a larger number of units, and thus become a smaller cost on a per piece basis. As long as changeover costs are high, small lot Read More
Bridging the Reality Gap Between Planning and Execution Part One: The Problem
At sites where both planning and execution modules are stand-alone implementations, neither deliver enough benefit because there are almost always manual

inventory reduction sop  planning (SOP), outsourcing decisions, inventory reduction programs, new product introductions (NPIs), setting manufacturing planning policies, transitioning to new business model, and so on. For more info on some SCP capabilities, see Advanced Planning and Scheduling: A Critical Part of Customer Fulfillment . On the other side of SCM is supply chain execution (SCE), which encompasses applications that enable the efficient procurement and supply of goods, services, and information across enterprise 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

inventory reduction sop  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
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

inventory reduction sop  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. Read More
Case Study: Ralco Industries
Automotive supplier Ralco Industries was having inventory trouble. The lack of accurate data from its systems was causing a number of expensive issues—quality

inventory reduction sop  Ralco Industries was having inventory trouble. The lack of accurate data from its systems was causing a number of expensive issues—quality problems, scrap, overtime, expedited shipments, etc. Learn how implementing a new software-as-a-service (SaaS) enterprise resource planning (ERP) solution helped Ralco dramatically reduce inventory costs and achieve return on investment (ROI) in just over one year. 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

inventory reduction sop  its inventory objectives. The inventory numbers he presented were an 18 percent reduction in 5 months and a 32 percent reduction in 12 months. Overall, organizations using IQR can improve cash flow and working capital, and have better inventory turns without having customer delivery shortages. This method will definitely make the jobs of material managers, planners, and buyers much easier, as they won’t need to constantly keep track of excess inventory. The use of the IQR ratio will continuously 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)

inventory reduction sop  Stock, More Profit: Inventory Optimization Less Stock, More Profit: Inventory Optimization If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. IBS is a world-leading supplier of business systems and supply chain management solutions to distribution and manufacturing companies. Source : IBS Resources Related to Inventory : Inventory (Wikipedia) Less Stock, More Profit: Inventory Optimization Inventory is also known as : Inventory Read More
Retail Merchandising
Retail Merchandising systems allow users to effectively manage inventory across the enterprise, helping them to buy smart and sell through efficiently

inventory reduction sop  users to effectively manage inventory across the enterprise, helping them to buy smart and sell through efficiently. Retail Merchandising is highly effective for hard-line and soft-line retailers alike. Retailers benefit from features such as automated replenishment, native style-color-size-size2 item matrices, advanced allocation methods, and stock balancing. Total cost of ownership is further reduced by leveraging additional integrated modules within Retail Merchandising, such as distribution center Read More
How to Evaluate a Sales and Operation Planning System
The features available in today’s sales and operations planning (SOP) systems make these systems indispensable assets for an organization. Reporting tools and

inventory reduction sop  the KPIs on budget, inventory norms, sales forecasting error, etc. are built in, then they do not need to be configured from scratch. Furthermore, a visual representation of KPIs in graphs and dashboards helps top management to keep tabs on various “numbers.” Integration with Different Systems An SOP system should be able to integrate with different systems. Most organizations have a transactional system, which is usually an ERP system. Such systems are rich with data that organizations could use to Read More
Passive RFID Solutions for Asset Tracking and Inventory Management
In the present context of business, it is becoming essential for the business world to provide electronic commerce in addition to their good old business model.

inventory reduction sop  for Asset Tracking and Inventory Management In the present context of business, it is becoming essential for the business world to provide electronic commerce in addition to their good old business model. An electronic commerce application adds lot of value to business models and helps overall growth in the different areas of business, business management, tracking, and customer support. Customers find it’s much easier to access the products and services of a corporation through an e-commerce Read More
Managing Mountains of Inventory Data, Hexion Ensures Sustainable Growth and Profits
For thermosetting resins producer Hexion Specialty Chemicals, a portfolio of over 50,000 stock keeping units (SKUs) created unique supply chain efficiency

inventory reduction sop  Mountains of Inventory Data, Hexion Ensures Sustainable Growth and Profits For thermosetting resins producer Hexion Specialty Chemicals, a portfolio of over 50,000 stock keeping units (SKUs) created unique supply chain efficiency challenges. Hexion needed better supply chain management—the key to sustaining growth and profits. In adopting Zemeter solutions, Hexion reduced inventory by more than 20 percent and increased margins—exactly what Hexion needed to stay competitive on a global scale Read More

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