X
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 solutions by funtionality, so that you can make accurate and informed software purchasing decisions.
Compare Now
 

 inventory turnover equation


Achieving Effective Inventory Management
In today’s competitive business environment, wholesale distributors face critical factors that directly affect customer satisfaction and profit margins. These

inventory turnover equation  operational goals of increasing inventory turnover and minimizing costs. Powerful business automation software, such as the Inventory Management application of Sage MAS 500 ERP, delivers sophisticated distribution capabilities designed to address these important business issues. Inventory Management is a key component of Sage MAS 500, an award-winning business software suite that provides superior power, flexibility, and integration with your existing line of business applications. This white paper

Read More


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

Help Desk for the Health Care Industry

Help Desk is an application for assisting and managing calls for support from computer users. It also includes computer and software inventory tracking along with technical support knowledge bases.  

Evaluate Now

Documents related to » inventory turnover equation

Can 'Intuitive' And 'ERP' Words Be Associated?


While Intuitive Manufacturing Systems, still largely a stealth small ERP provider, may have the ‘Intuitive ERP’ trump to attract SMEs internationally, a bevy of competitors has also been engaged in delivering their panaceas to the increasingly crowding market segment.

inventory turnover equation  the net sales to inventory ratio, return on net worth, current and quick ratios, margins, and inventory turnover. It also allows the user to generate trend analysis by year, quarter, or individual fiscal period, enabling management to make better, more informed and timelier decisions. The Visual Order Pegging module, which utilizes the recently released Dynamic MRP module, a completely memory-resident MRP planning system which drops MRP runs from hours to seconds. The Visual Order Pegging module allows Read More
Oco, Inc

Calculating ROI for Business Intelligence Solutions in Small and Midsized Businesses


For many companies, a challenging business event or critical business pain precipitates a conversation about business intelligence (BI). But don’t wait until you introduce new products, upgrade your IT environment, or notice that your inventory is increasing but not your sales. Find out how to build a return on investment (ROI) for your BI applications and projects, so you can leverage your own data before it’s too late.

inventory turnover equation  Reallocate labor resources Lower inventory holdings Utilize manufacturing lines, warehouses, plants, trucks more effectively BI User Productivity Business Value Revenue Cost Assets BI User Productivity Gain additional time to focus on customers and business growth initiatives Access required information more quickly Fewer Excel experts needed to manipulate data and manage spreadsheets Consolidate reporting one place to go for information; fewer reports to review Ability for users to interrogate data and Read More

Intel Small Server Market


Who are the key players in the market segment of Intel small servers? What are the strengths and weaknesses of each, and when is one more appropriate than another?

inventory turnover equation  In addition, the high inventory turnover means a lower cost burden on the product. The other big manufacturers have started reducing prices, but Dell is still the one to beat. Challenges: Research and Development As a percentage of revenue, Dell's R&D spending is about one-third that of the rest of the Big Four. Dell does this by forming close relationships/alliances with companies whose technology Dell can leverage. The most well-known example is Intel (we believe it was Bill Joy of Sun who once Read More

Human Capital Financials: Understanding the Value of the Human Assets within Your Organization


Many companies are still not fully realizing the ROI on their human capital. While people are often spoken of as assets, they are generally treated as costs, because there is no standardized system of valuing them. TEC research analyst Sherry Fox explores how basic accounting principles can apply to human capital management and argues that investing in people is smarter for your company’s bottom line than cutting costs.

inventory turnover equation  property, machinery, buildings, and inventory) as the assets that generate revenue for an organization. In financial accounting, in order to qualify as an “asset,” three general rules are followed: The asset must be owned by the business —the business must have total control of the asset. The asset must have future benefit —the asset must benefit the future profit of business. The asset must be valued in monetary units —the accounts related to the asset can be observed objectively. Clearly Read More

Furniture Manufacturer Improves Inventory Accuracy by 85 Percent with RFID-capable WMS


Fraenkel Company is an employee-owned manufacturing distributor of household furniture and related products and services. The company created a sophisticated in-house ERP system in the early 1990s. However, homegrown software can be unwieldy to maintain and difficult to upgrade. In 2001, Fraenkel saw a solution that offered more advanced capabilities, and implemented VAI’s S2K Enterprise Edition for Manufacturing.

inventory turnover equation  Manufacturer Improves Inventory Accuracy by 85 Percent with RFID-capable WMS Fraenkel Company is an employee-owned manufacturing distributor of household furniture and related products and services. The company created a sophisticated in-house ERP system in the early 1990s. However, homegrown software can be unwieldy to maintain and difficult to upgrade. In 2001, Fraenkel saw a solution that offered more advanced capabilities, and implemented VAI’s S2K Enterprise Edition for Manufacturing. Read More

Inventory Reduction: Effectively Turning Excess Into Cash


In virtually all manufacturing companies, there is a direct correlation between inventory levels and overall business performance. In fact, CEO's and CFO's believe that their companies consistently carry 25 to 40 percent or more inventory than is needed.

inventory turnover equation  in sales has caused inventory turnover to be cut by 40% - 50% or more. In a sharp sales decline situation, it is common for inventory turnover to fall a lot before management gets the necessary information never mind early warning signals. The result can be a deep cut into cash balances. Most organizations do not have really effective processes that provide early warning signals to make the specific adjustments to incoming material flow. Most of the time, ERP systems provide inventory planners with Read More

The Exacting Needs of Metal Service Centers


General enterprise resource planning (ERP) providers that are viable companies with a solid product, typically do not meet the dimensional inventory, chemical, and physical properties requirements that are vital to the metal service industry and material converter businesses.

inventory turnover equation  metal products means that inventory information is critical, and only those experienced with the operations of metal service centers understand that their unique business requirements demand distinct software that can concurrently handle and track several inventory item attributes or specifications, such as heat, dimension (width, length, gauge), form, diameter, shape, grade, grain direction/texture, density, and more. The system must also be able to record and evaluate detailed information on chemical, 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 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.

inventory turnover equation  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

Retail Systems: A Primer


The core components of a retail information system are inventory management, inventory optimization, revenue management, sales management, and reports and inquiries. Non-core components can include financial, supply chain management, enterprise resource planning, customer relationship management, and warehouse management systems.

inventory turnover equation  of a retail system. Inventory management Inventory optimization Revenue management Sales management Reports and inquiries Note that this nomenclature is not an industry standard. Different merchandising software vendors have different naming conventions. However, all the capabilities categorized under these main areas are core components of a retail solution. Inventory management . No matter which proprietary title (e.g., merchandise management, merchandise inventory and analysis, or merchandise Read More

Inventory and Lead Times - Understanding Decoupling Points


While inventory is necessary in manufacturing, most companies would like to reduce their inventory, but only if that did not cause problems. Managing inventory according to decoupling theory is the most effective approach to reducing (the wrong kinds of) inventory without damaging service level—without increasing the risk of shortages that disrupt production (components and materials) and hurt customer service (finished goods). Read more.

inventory turnover equation  Understanding Decoupling Points While inventory is necessary in manufacturing, most companies would like to reduce their inventory, but only if that did not cause problems. Managing inventory according to decoupling theory is the most effective approach to reducing (the wrong kinds of) inventory without damaging service level—without increasing the risk of shortages that disrupt production (components and materials) and hurt customer service (finished goods). Read more. Read More

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. 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.

inventory turnover equation  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. Read More

Effective Inventory Analysis


For many distributors, inventory is the largest and perhaps the most important asset. Inventory ties up more money than buildings or equipment, and is often less “liquid.” It is crucial, then, that distributors develop and use a comprehensive set of tools that allows close monitoring of the performance of inventory investments. Read more about simple measurements that can help you maximize your investment in inventory.

inventory turnover equation  Inventory Analysis For many distributors, inventory is the largest and perhaps the most important asset. Inventory ties up more money than buildings or equipment, and is often less “liquid.” It is crucial, then, that distributors develop and use a comprehensive set of tools that allows close monitoring of the performance of inventory investments. Read more about simple measurements that can help you maximize your investment in inventory. Read More

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

inventory turnover equation  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 that SmartOps fulfilled a very real supplementary inventory Read More

The Truth about Agent Training and Turnover in the Contact Center


Assumption: Call center turnover will always be higher than you want, no matter what you do. If this is true (and a mounting body of research suggests it is), you’ll need to complement rewards such as bonus pay, flex time, and public recognition with other means of getting the most productivity from your agents before they head for greener pastures.

inventory turnover equation  Truth about Agent Training and Turnover in the Contact Center Assumption: Call center turnover will always be higher than you want, no matter what you do. If this is true (and a mounting body of research suggests it is), you’ll need to complement rewards such as bonus pay, flex time, and public recognition with other means of getting the most productivity from your agents before they head for greener pastures. Read More