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Software Functionality Revealed in Detail
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 low inventory turnover


Let the (Excess) Inventory Flow!
Because companies focus primarily on new product development and promotion, the problem of excess and obsolete inventory, once addressed, often leads to both

low inventory turnover  inventory items with a low turnover. Inventory items falling in this category have relatively low rates of usage compared to the normal amount of inventory carried, and eventually become completely obsolete inventory . That is to say, the items have met the obsolescence criteria established by the organization. An example of obsolete inventory would be inventory that has been superseded by a new model or otherwise made obsolescent, and thus will never be used or sold at full value. While on the one hand

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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

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.  

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Documents related to » low inventory turnover

Achieving Effective Inventory Management


In today’s competitive business environment, wholesale distributors face critical factors that directly affect customer satisfaction and profit margins. These challenges, combined with customer demands for product availability, can conflict with operational goals of increasing inventory turnover and minimizing costs. However, business automation software can deliver sophisticated distribution capabilities designed to help you with these important business issues.

low inventory turnover  margins can compensate for low inventory turns. If an inventory item turns over four times a year and earns an average 30% gross margin on each sale of the product, a return on investment of 120% is achieved. However, the same return on investment value can be achieved if the inventory item turns only twice, but makes an average margin of 60% on every sale: 2 turns x 60% average margin = 120% ROI Higher margins can make a distributor successful with lower inventory turns. On the other hand, lower margins 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). However, many companies implementing an ERP solution don’t add a dedicated inventory optimization module. Learn how inventory optimization can offer companies huge potential to maximize the value of IT investments—and keep inventory levels at the right balance.

low inventory turnover  worse. This results in low service levels, disappointed customers and greater expenses due to rush delivery charges. Companies rarely get a second chance with new customers, and understocking increases the risk of lost business opportunities with significant long-term sales. Supply chain challenges The inventory impact is even more influential for larger companies with complex and global supply chains. Small changes in inventory levels can make a huge impact on the profit and loss of an organization. Read More

Benchmarking: How Am I Really Performing?


Benchmarking, as defined by the dictionary, is "a standard against which something can be measured or assessed." But what is benchmarking? What does it do? Why should I do it? What do I benchmark? And how can it help me?

low inventory turnover  suggestion-selling our customers, while low CR is often caused by not approaching customers properly, or by an incorrect mix of merchandise (out-of-stock for best sellers, or no-stock for key desired items). The best way to increase AT and IPT is through suggestion, or what I often call education selling. This happens when a sales associate engages the customer and determines what their real need is. For every customer, the need will be different. If we are not there to help them then why are we there? Read More

Avoid the Perils of Service Parts Planning in Supply Chain Management


Significant differences exist between the new parts production supply chain and the service and replacement parts supply chain. Companies using conventional, new product inventory methods are missing opportunities to improve efficiency and effectiveness.

low inventory turnover  for products with very low demand rates, inventory must be positioned in a large number of geographic locations. For example, Cisco , maintains inventory in over 700 locations including field locations, distribution centers, and repair centers. These locations may be owned by the manufacturer, distributors, third party logistics providers, or repair providers, and must manage not only the forward movement of inventory, but also the reverse logistics flows for return of damaged items. Incidentally, basic 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.

low inventory turnover  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 Read More

Why Price Shouldn't Be the Final Factor When Investing in Manufacturing ERP Software: The Hidden Expenses Often Found in Low-cost ERP Systems


When it is time to invest in a new enterprise resource planning (ERP) system, a low entry price could be concealing an expensive total cost of ownership. Price should not be the deciding factor. Rather, best fit for your company should be the number one consideration. Download this white paper to learn more about the hidden costs.

low inventory turnover  planning (ERP) system, a low entry price could be concealing an expensive total cost of ownership. Price should not be the deciding factor. Rather, best fit for your company should be the number one consideration. Download this white paper to learn more about the hidden costs. Read More

Connecting Low-cost Servers to SAN


Most IT managers have proven, cost-effective ways to increase the return on investment (ROI) of existing infrastructures—that is, storage area networks (SANs). SANs provide high-availability storage to servers within corporate infrastructures. Connecting low-cost servers to SANs makes business sense, as it dramatically reduces the cost-per-server connection to well below $100 (USD).

low inventory turnover  Low-cost Servers to SAN Most IT managers have proven, cost-effective ways to increase the return on investment (ROI) of existing infrastructures—that is, storage area networks (SANs). SANs provide high-availability storage to servers within corporate infrastructures. Connecting low-cost servers to SANs makes business sense, as it dramatically reduces the cost-per-server connection to well below $100 (USD). Read More

Driving the Change Agenda through a Low Overhead Program Office


You are your Projects! They maintain your corporate vitality. A Program Office can significantly contribute to strategy realization by ensuring that the right projects are launched in the right manner, at the right time, for the right reasons.

low inventory turnover  Change Agenda through a Low Overhead Program Office IT Management Issue Projects are the primary way through which companies transform themselves and evolve as they pursue their vision & mission. Unfortunately, TEC research has shown that the majority of IT projects that wind up on the corporate agenda are created by line operations management or lower in the organization, and that less than 10% come from the executive level. This is a genuine cause for concern. Our research has also revealed that a vast Read More

Grocery Chain Gains Productivity and Information Visibility for Better Inventory Control




low inventory turnover  Chain Gains Productivity and Information Visibility for Better Inventory Control Read More

Reducing Turnover and Managing Change: How Retailers Can Benefit from a New Approach to Training and Talent Management


This paper examines how a talent management system (TMS) that integrates learning, performance management (PM), compensation, development, and succession planning can make a bottom-line difference in a retailer’s ability to reduce turnover, manage change, and achieve strategic goals. It also examines how retailers are using software-as-a-service (SaaS) solutions to make optimum use of budgetary and staff resources.

low inventory turnover  and succession planning. This allows organizations to take a unified approach to develop, manage, reward and optimize their talent. Superior best-in-class talent management solutions can be deployed individually or together, enabling current and prospective customer to future-proof and expand their investments. Source: Plateau Systems Resources Related to Reducing Turnover and Managing Change: How Retailers Can Benefit from a New Approach to Training and Talent Management : Talent Management (Wikipedia) Read More

Employee Retention: How to Keep the Keepers and Maintain Optimal Turnover Levels


For many of the world’s most admired companies, the ability to attract and retain talented employees was the single-most reliable predictor of excellence. Retention is a business issue—losing one or two key people can have a significant impact on your longevity or profitability. This white paper outlines how managers can determine whom to keep, how to treat those who leave, and what to do to retain those necessary to the organization.

low inventory turnover  employee retention, talent management, human resources management, employee retention policy 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

low inventory turnover  companies, and will be following these developments closely. What are your plans for SAP, or SmartOps, this year, and how does this affect your thinking? What do you wish you knew? Let’s discuss. Read More

Driving the Change Agenda through a Low Overhead Program Office


You are your Projects! They maintain your corporate vitality. A Program Office can significantly contribute to strategy realization by ensuring that the right projects are launched in the right manner, at the right time, for the right reasons.

low inventory turnover  Change Agenda through a Low Overhead Program Office IT Management Issue Projects are the primary way through which companies transform themselves and evolve as they pursue their vision & mission. Unfortunately, TEC research has shown that the majority of IT projects that wind up on the corporate agenda are created by line operations management or lower in the organization, and that less than 10% come from the executive level. This is a genuine cause for concern. Our research has also revealed that a vast Read More

Case Study: How Novelis Slashed Inventory by Eight Million Pounds


Novelis is the world leader in aluminum rolling and beverage can recycling. Novelis produces advanced aluminum sheet and foil products for customers in high-value markets, including automotive, transportation, packaging, construction, and printing. Find out how scheduling technology improved some of its most important key performance indicators (KPIs).

low inventory turnover  Study: How Novelis Slashed Inventory by Eight Million Pounds Novelis is the world leader in aluminum rolling and beverage can recycling. Novelis produces advanced aluminum sheet and foil products for customers in high-value markets, including automotive, transportation, packaging, construction, and printing. Find out how scheduling technology improved some of its most important key performance indicators (KPIs). Read More