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 wip inventories

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.

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Documents related to » wip inventories

Begin at the End: A Good Lean Strategy Starts with Defining Your Ultimate Goal


You know the statistics—lean can shorten your lead times, reduce inventories, cut operating costs, free up resources, and more. But countless surveys have confirmed that most lean initiatives fail to deliver expected and needed results. Why? Are successes confined to a restricted list of industry sectors? Are only "lean experts" capable of leading an organization through a successful implementation?

wip inventories  lead-times are instantaneous, until WIP is 0, until defects are 0, until changeover times are 0, until margins are the best in your industry, there are opportunities for improvement. Summary Let''s summarize by presenting a recommended lean implementation strategy. Lean Executive Overview: Send the executive team and core implementation team to a lean executive overview workshop. The workshop should provide attendees with a background in lean and introduce them to basic principles in one-piece-flow, 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.

wip inventories  as to keep work-in-progress (WIP) moving smoothly and continuously, eliminating bottlenecks and underutilizing capacity. This particular flow derivative of the lean philosophy was developed and refined by John Costanza, who leveraged what he learned from his exposure to the Toyota Production Model and what he had subsequently applied while working at Hewlett-Packard . He developed specific disciplines and mathematical techniques to implement demand pull and continuous flow concepts. He named this Read More

Master Requirement Planning and Master Production Scheduling Software: Hard Facts Part Two: Materials Requirement Planning and Master Production Scheduling


Most of the manufacturing software vendors have planning and scheduling software which assume either infinite production capacity for calculating quantities of raw material and work in progress (WIP) requirements or infinite quantities of raw and WIP materials for calculating production capacity. There are many problems with this approach. This paper discusses the pitfalls of this approach and how to avoid these by making sure that the software you buy indeed takes into account finite quantities of required materials as well as finite capacities of work centers in your manufacturing facility.

wip inventories  the required quantities of WIP and finished products, and that no inventories are created unnecessarily. Master Production scheduling (MPS) is important because it calculates the time required to make finished products as per orders from raw, sourced, and WIP materials and so the delivery dates are determined from the lead times in processing materials on different work centers. In today''s manufacturing both accurate delivery dates and optimizing resources are equally important. For this, good software 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.

wip inventories  Work in Process (WIP): WIP software is a subset of Job Costing, and tracks a specific work order through the production process. It will tell your scheduler and production manager the stage of each work order in the production process at any moment. Inventory Control: An Inventory Control software package will account for your stock parts and tell you when you need to reorder. It can issue parts to a work order or job and confirm that the correct items have been pulled. It will keep track of finished Read More

So What’s the Big Deal with Chemicals?


Due to the inherent challenges of the industry, most chemical companies are still unable to profitably respond to highly variable demand, or to execute predictable product supply strategies.

wip inventories  Smaller batch sizes reduce WIP levels, but also reduce productivity, whereas cycle times can be shortened to reduce cycle stock, but end up increasing the time spent making production transitions. Traditionally, chemical companies, especially those with a continuous production model, have opted for lengthy production runs coupled with an after-the-fact sales and marketing strategy. This was due to the maturity of the industry, especially on the basic chemicals side; efficiency comes via economies of Read More

SYSPRO Cloud ERP Can Help You Quit Smoking


SYSPRO recently announced that Freedom Smokeless, a manufacturer of e-cigarettes, has selected SYSPRO ERP software to facilitate growth. According to the California-based company, SYSPRO ERP will be a cloud enterprise resource planning (ERP) implementation in the company’s new factory, where the software will manage manufacturing and facilitate bar code scanning, inventory controls, and product

wip inventories   Read More

WellPoints Dynamics AX EAM


WellPoint's Dynamics AX EAM solution is fully integrated with your Microsoft Dynamics AX business softare enterprise system. This integration makes it a true 'Enterprise' Asset Maintenance system – not just a 'bolt-on' or stand alone silo-ed application. AX EAM solves the problems associated with duplicate data sources, duplicate purchasing systems and duplicate inventories. By being part of the ERP solution AX EAM solves reconciliation issues for the controllers' department and compliance issues for the CFO. It allows full enterprise management of inventory and vendors – not one system for maintenance and another for everyone else but a single source of all data that adds virtually no overhead for your IT staff. And most of all it gives your maintenance team all the power and features of those 'stand alone' solutions without creating a 'second set of records.

wip inventories   Read More

Barcoding 101 for Manufacturers: What You Need to Know to Get Started


For manufacturers, barcoding carries with it numerous benefits, including increased accuracy, efficiency, and traceability, along with easier adherence to customer or regulatory requirements. Discover how implementing barcoding as part of an integrated software-as-a-service (SaaS) solution can help manufacturing companies of all sizes, and in many different industries, improve operations and business performance.

wip inventories  101 for Manufacturers: What You Need to Know to Get Started Plex Online specializes in implementing bar coding systems that track containers and/or individual parts on the factory floor using hand-held Pocket PCs. Containers or parts are scanned as they move around the shop floor, providing a highly accurate, real-time inventory system. Source: Plex Systems Resources Related to Barcoding 101 for Manufacturers: What You Need to Know to Get Started : Barcode (Wikipedia) Barcoding 101 for Read More

Better Inventory Management: Big Challenges, Big Data, Emerging Solutions


Effective inventory control and management is a vital function to help insure the continued success of distribution and manufacturing and companies. Learn about new, flexible, and more refined tools that provide for dynamic optimization of inventories to maximize customer service, throughput, and market share, while decreasing inventory investment and lowering costs.

wip inventories  Inventory Management: Big Challenges, Big Data, Emerging Solutions Effective inventory control and management is a vital function to help insure the continued success of distribution and manufacturing and companies. Learn about new, flexible, and more refined tools that provide for dynamic optimization of inventories to maximize customer service, throughput, and market share, while decreasing inventory investment and lowering costs. Read More

The Effective Supply Chain: Maximizing Performance of the Entire Manufacturing Enterprise


Today's manufacturing supply chain is challenged with quality mandates, cost reductions, and delivery improvements. Technology plays a key role in a company's ability to build and manage an effective supply chain. Read this paper to learn about the next wave of supply chain solutions and how effective supply chain management of an enterprise reduces costs, lead times, and inventories throughout the entire supply chain.

wip inventories  Effective Supply Chain: Maximizing Performance of the Entire Manufacturing Enterprise Today''s manufacturing supply chain is challenged with quality mandates, cost reductions, and delivery improvements. Technology plays a key role in a company''s ability to build and manage an effective supply chain. Read this paper to learn about the next wave of supply chain solutions and how effective supply chain management of an enterprise reduces costs, lead times, and inventories throughout the entire supply Read More

Coordinating Outsourced Manufacturing: A Win-win Proposition for Both Sides of Manufacturing Partnerships


Managing the demands of constant change is one of the biggest challenges facing the electronics manufacturing services (EMS) industry today. Collaboration between original equipment manufacturers (OEMs) and contract manufacturers (CMs) can help both sides leverage the supply chain to manage change. Find out about a solution that can help you create a successful collaboration strategy that optimizes your supply chain.

wip inventories  gain can actually be wiped out if an organization is ineficient or slow to respond. While OEMs or brand owners may not be directly responsible for the execution of every piece of the virtual enterprise, they are ultimately accountable for the end result in terms of their brand, product quality, compliance, and similar criteria. Broad visibility is crucial to help companies effectively orchestrate and control key business processes and activities across the entire supply chain. But it doesn''t stop there. Read More

Case Study: Blue Mountain Resort


Blue Mountain, Ontario’s largest mountain resort, needed a comprehensive software package to manage budgeting, consolidation, reporting, and forecasting. Its existing system was not automated and couldn’t handle all of the company’s data input. The new system, Cognos TM1, allows real-time adjustments to be made to schedules, budgets, and inventories, resulting in reduced costs. Find out about the other benefits.

wip inventories   Read More

Sorting Through the ERP, Lean MFG, APS, and MES Clutter - Part 3


Part 1 of this blog series started with a discussion of the fact that the ability to sense demand and become a demand-driven (responsive) business is more than just the catch phrase du jour: it has become a recipe for survival. For the past few decades, the providers of a multiplicity of by-and-large integrated manufacturing software solutions have been offering help for embattled manufacturers

wip inventories  and sequencing information for WIP and jobs that had not yet been dispatched when a change request (order) was issued. Traditionally, the issuance of an ECO requires a manual interaction with either a plant-level scheduling or dispatching system or a more traditional APS offering. The main risk here is that the lack of integration between the manufacturing data model and the planning and scheduling model doesn’t allow for scenario analysis and communication of the impact of the ECOs on manufacturing Read More