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Quote-to-Order (Q2O) Systems
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...
 

 reduced wip inventory

Merchandising Systems RFI/RFP Template

Inventory Management, Inventory Optimization, Price Management, Revenue Management, Master, POS, Reports and Inquiries and Product Technology Get this template

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Quote-to-Order (Q2O) Systems
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...

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State of the MES Software Marketplace


Despite predictions that it would be subsumed by enterprise resource planning (ERP) vendors encroaching from above and automation vendors encroaching from below, the manufacturing execution systems (MES) market has been growing steadily. This guide from TEC and Flexware Innovation provides state-of-the-market analysis, success stories from your peers, in-depth information on solutions, and a spotlight on leading vendors.

reduced wip inventory  version of the truth reduced WIP inventory multiplant visibility-integrated traceability and common best practices knowledge capture of an aging workforce reduced costs-labor and capital expenditure reductions support for stock-keeping unit (SKU) proliferation-smaller lots sizes with greater production mix labor tracking and ability to review efficiencies by work center, operators, and equipment calculation and identification of production bottlenecks, with revision of both actual and what-if scenarios st Read More

Pull vs Push: a Discussion of Lean, JIT, Flow, and Traditional MRP Part 1: Tutorial


Flow manufacturing leverages techniques to help manufacturers create any product on any given day, in any given quantity including the "quantity of one" (i.e., through the so-called mixed-model production), while keeping inventories to a minimum and shortening cycle times in order to quickly fill customer orders.

reduced wip inventory  to things such as reduced inventory throughout the supply chain, shorter lead times, and faster cycle times enabling improved response to customer demands. Many vendors have consequently bolstered their commitment to lean manufacturing practices with functionality designed to promote rapid response to customer orders based on demand pull . This includes kanban, mixed-mode manufacturing (i.e., building a new model every day, according to daily demand in order to make several different parts or products in Read More

Increasing the Value of Your Enterprise Through Improved Supply Chain Decisions Part 2: Financial Metrics


If the key financial metrics for creating corporate value relate to costs, capital charges and consumption, and profitability, then the corporate capabilities or competencies required to drive those metrics must include controlling supply chain costs, managing supply chain cycle time, and optimizing responsiveness to the marketplace.

reduced wip inventory  for EVA® can be reduced as follows 1 : EVA = Return on Net Assets (RONA) less Weighted Average Cost of Capital (WACC) where RONA = Net Operating Profit after Tax (NOPAT) Net Assets   NOPAT = Net Sales less Operating Expenses and Taxes   Net Assets = Cash, Working Capital and Fixed Assets or Total Assets less Current Liabilities and Financial Assets and WACC = E/V x Re + D/V x Rd x (1-Tc) 2 Where : Re = cost of equity Rd = cost of debt E = the market value of the firm''s equity D = the market value of th Read More

Production Planning and Scheduling Software for the Textile Industry: Unknown Frontiers


The textile industry is famous for its very different characteristics when compared to industries in either process or discrete manufacturing. Developing production planning and scheduling software for any textile mill is a real challenge even for seasoned industry experts. This article focuses on some of the unique challenges posed to master requirement planning and master production scheduling (MRP / MPS) software vendors by the textile industry.

reduced wip inventory  times will be significantly reduced. Route WIPs at the looms where the same weaving style is set for the earlier work order and where the same number of ends (number of yarn threads which go inside the fabric to form its width) is set for an earlier work order, otherwise manually knotting ends may take up to ten hours. Also route WIPS at looms where the same weft (yarn threads which go in the fabric vertical to the warp direction) is set for the earlier work order. The remedies mentioned in this article w Read More

How Manufacturers Use Technology to Help Weather the Economic Downturn


Too often, manufacturers implement technology for financial reporting, but overlook efficiencies that can generate cash flow and reduce costs on the shop floor. While credit won’t cure the credit crunch manufacturers are facing, automated processes that improve cash flow and keep lenders in the loop can go a long way in convincing lenders that their risk is low. Find out more about how automated systems can help you.

reduced wip inventory  dollars are best spent. Reduced Down Time. Can you reduce or minimize the time spent looking for machines, tools and other assets or plan maintenance and calibration to avoid machine down time? A tracking system using barcode will show where your assets are at the time they are needed — who took them last or which job they were checked out to. An integrated maintenance scheduler will flag required maintenance as it is due and assure OSHA compliance. Do you make shrinkage unacceptable? Proper control of 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.

reduced wip inventory  inventory manangement,inventory solution,inventory process,stock analysis,warehouse management,manage inventory,warehouse management software 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.

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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.

reduced wip inventory  retail,retail ERP,merchandising,retailer,back-office,POS,point-of-sale,RMM,retail merchandise management,MMS,merchandise management system Read More

They Know When You Have Gas


A deal with the American Petroleum Exchange will allow members to have “up-to-the-minute” inventory data on their petroleum storage tanks.

reduced wip inventory  oil and gas job vacancies,fuel tank monitoring,oil and gas vacancies,supply chain software,offshore jobs,offshore oil rig jobs,petrovend,oil & gas job,fuel dispenser,offshore drilling jobs,supply chain management courses,oil rig jobs,oil gas jobs,pipeline jobs,inventory management tool Read More

Click Commerce Helps Aviall Optimize Their Service Supply Chain and Reduce Excess Inventory


Availl, Inc, the leading solution provider of sales, supply chain management, and logistic services for the aviation industry. Learn how it used Click Commerce Service Parts Optimization solutions to extend its inventory planning capabilities, enable comprehensive demand forecasting, and provide Web-based visibility into global inventories.

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Champion Plastics Reduces Inventory by One-third and Scheduling Time by One-half; Moves into New Market


With a new account on the line, Champion Plastics, Inc., couldn’t afford any missteps, especially with its electronic data interchange (EDI), so it decided to shop for a new system. The company was not initially looking for a full enterprise resource planning (ERP) system, but its method of inventory control was a high hurdle. Find out why Champion Plastics opted for cloud ERP and how it improved operational efficiency.

reduced wip inventory  electronic data interchange, EDI, ERP, cloud ERP, mnufacturing ERP, production scheduling Read More

10 Tips for Perfect (Nearly!) Inventory Accuracy


Even though we have made enormous advances in technology and business processes, many organizations and manufacturers still cannot perform basic warehouse operations without going into reactive mode. This is mainly due to a lack of proper or basic inventory record maintenance and accuracy. Some organizations don’t measure inventory in an accurate manner, or they don’t even have such

reduced wip inventory  equipment usage, and a reduced overall carbon footprint. To achieve these goals, it’s important that warehouse or distribution centers implement processes to handle inventory and bring inventory accuracy above 99 percent. To achieve this objective, here are few suggestions for organizations that either have a warehouse management system or that are planning to get one. Inventory organization . Make sure your warehouse is organized in an efficient manner so you can identify and receive material inbound Read More