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Software Functionality Revealed in Detail
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 lower inventory costs


How to Lower Your ERP Implementation Costs
Most companies are facing a number of pressures, thanks to a stormy economic climate. To help control costs and resources, many small to medium businesses (SMBs

lower inventory costs  to Lower Your ERP Implementation Costs TEC's solutions, which include research comparison reports selection tools consulting services are driven by its analysis engine, eBestMatch.Find enterprise resource planning solution based on your business needs. Source: Technology Evaluation Centers Resources Related to How to Lower Your ERP Implementation Costs : Enterprise Resource Planning (ERP) (Wikipedia) How to Lower Your ERP Implementation Costs ERP Implementation is also known as : Implementing ERP ,

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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

Quote-to-Order (Q2O) Systems

Quote-to-order (Q2O) solutions (sometimes known as configure, price, and quote or CPQ) enable manufacturers to mobilize their mass customization initiatives. These systems can reduce time-consuming quoting and ordering processes, decrease unit costs, and lower sales costs. Q2O suites can further help enterprises increase sales effectiveness across all channels. These solutions help companies that sell complex products and services shift their focus to customer-facing sales and service issues. 

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Documents related to » lower inventory costs

How Inventory Optimization Can Increase Your Profitability


One of the largest expenses for distributors and wholesalers is stock. Many have difficulty finding the perfect balance between ensuring products are available when they’re needed and not holding too much inventory. So, how is it possible to increase profitability while lowering inventory costs? By exploiting an inventory optimization system, businesses increase automation and collaboration—allowing greater profitability.

lower inventory costs  the CFO's demand for lower inventory costs. It's generally hard work for a purchase department to fulfill such demands. The physical distribution network is the basis for an effective inventory and supply chain management solution. An efficient inventory management system requires a multi-level distribution network for each product. This covers where the product is stored, either at an external supplier or within internal production or warehouse locations. Replenishment recommendations created by 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.

lower inventory costs  is required, resulting in lower overall stock levels. During these processes, companies must keep in mind the core objective of decreasing stock while increasing customer service levels. This might sound contradictory, but it can be achieved by ensuring that the right products are in stock. The primary goal is to make the most effective use of inventory investments by reducing overall stock without increasing the costs of total inventory, all while achieving high customer service levels. Measuring these Read More

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.

lower inventory costs  a distributor successful with lower inventory turns. On the other hand, lower margins reduce ROI if a higher number of turns do not make up the difference. The stock of a product with an average margin of 20% would have to turn over six times to achieve the same 120% return on investment. The above may imply that all items with the same return on investment are equally desirable, but this is not the case. All other things being equal, the item that achieves the target return on investment with the fewest Read More

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 the inventory and dollars flying out the door. There should be smarter ways of handling this problem.

lower inventory costs  manufacturing product in such lower cost, remote locations means a sizeable lead time increase, as the goods will need to be transported from the Far East back to the company's warehouse. This in turn means that a planner will have to forecast the demand before placing an order with a remote supplier far away. In the high-tech and electronics world today, it is a common industry fact that forecast accuracy is at about 80 percent. This means that often 20 percent of everything that is manufactured is Read More

Lowering Your IT Costs with Oracle Database 11g Release 2


New versions of database software and operating systems (OSs) come out regularly. In the past, upgrading the database and OS for individual environments has been very expensive and a never-ending job—by the time all the business systems are upgraded, it’s time to start again. This white paper discusses Oracle Database 11g Release 2, which reduces the cost and risk associated with making these changes.

lower inventory costs  Your IT Costs with Oracle Database 11g Release 2 New versions of database software and operating systems (OSs) come out regularly. In the past, upgrading the database and OS for individual environments has been very expensive and a never-ending job—by the time all the business systems are upgraded, it’s time to start again. This white paper discusses Oracle Database 11g Release 2, which reduces the cost and risk associated with making these changes. Read More

Controlling Costs in the Food Supply Chain


Making a profit in this industry through cost control is all about waste—minimizing waste. Waste in the food and beverage industry can be caused by a number of different factors such as lost sales, forecast inaccuracies, production downtime, yield losses, inferior product quality, and aging stock. This white paper deals with the different components that need to be in place in order to help you gain control of costs and waste.

lower inventory costs  Costs,Food,Supply,Chain,Beverage,Manufacturers,Software,Infor Read More

Establishing Standards for Automotive Inventory Visibility and Interoperability


As globalization, competition, and downward price pressures show no signs of easing, lean manufacturing—matching supply to demand, eliminating waste, and streamlining operations—still holds great promise for automotive suppliers to meet this challenges.

lower inventory costs  Standards for Automotive Inventory Visibility and Interoperability As globalization, competition, and downward price pressures show no signs of easing, lean manufacturing—matching supply to demand, eliminating waste, and streamlining operations—still holds great promise for automotive suppliers to meet this challenges. Read More

Managing Costs More Effectively: Sustaining a Lean Organization in Demanding Times


All midsize and larger companies think they have systems in place to manage costs, so they give this issue little ongoing thought. They may be blind to the limitations of the systems they’re using and the improvements to cost management they can achieve. This paper identifies the information technology (IT) components used in cost management to enable finance executives to identify areas of improvement.

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Global Asset Sustainability: Breakthrough Lean Best Practice Counters Rising Energy Costs


Leading companies are reducing energy consumption and costs as a top-priority initiative—with benefits ranging from more efficient operations to increased shareholder value, improved environmental conditions, and new market opportunities. A global asset sustainability approach will give you opportunities to further lower costs while ensuring reliable operations in all your properties, plants, and equipment. Learn how.

lower inventory costs  maintenance labor, and can lower maintenance, repair, and operating inventory levels and costs (see Figure 3). EAM helps companies use an increasingly critical asset performance metric: overall equipment effectiveness (OEE). This metric recognizes and factors in the major issues of availability, performance, and quality. This combined metric helps balance conflicting demands (for example, required throughput targets, the need to sometimes take equipment down for maintenance, and quality desired).  World- Read More

Inventory Management: 3 Keys to Freeing Working Capital


In times of economic uncertainty, you need to actively seek out best practices in how to adopt practical working capital optimization to improve financial performance while maintaining customer satisfaction. Learn about the three key performance criteria that define best-in-class organizations, and how they’re making their focus within the supply chain on working capital—primarily by optimizing inventory management.

lower inventory costs  Management: 3 Keys to Freeing Working Capital In times of economic uncertainty, you need to actively seek out best practices in how to adopt practical working capital optimization to improve financial performance while maintaining customer satisfaction. Learn about the three key performance criteria that define best-in-class organizations, and how they’re making their focus within the supply chain on working capital—primarily by optimizing inventory management. Read More

Reducing Costs in Your Job Scheduling Environment


Many companies have invested a lot in their job scheduling environments, but are bogged down by inefficient processes, incompatible systems, and a lack of visibility. Through technology reuse and consolidation, you can reduce the time, money, and resources expended, while scaling to support enterprise-wide capacity. This white paper focuses on job scheduling challenges and presents a solution to upgrade your environment.

lower inventory costs   Read More

What Your Refrigerator Can Teach You about Lean Inventory


A lean supply chain consists of two major components—lean manufacturing and lean distribution—which focus on satisfying customer demand efficiently, at the lowest cost, with the least amount of waste. But what if your replenishment strategy is your distribution center’s weakest link? To improve customer satisfaction and achieve efficiency and balance, your replenishment strategy must consider all the key variables.

lower inventory costs  Your Refrigerator Can Teach You about Lean Inventory A lean supply chain consists of two major components—lean manufacturing and lean distribution—which focus on satisfying customer demand efficiently, at the lowest cost, with the least amount of waste. But what if your replenishment strategy is your distribution center’s weakest link? To improve customer satisfaction and achieve efficiency and balance, your replenishment strategy must consider all the key variables. 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 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.

lower inventory costs  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

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.

lower inventory costs  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