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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

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

Best Manufacturing Scheduling Systems


The market place is awash with many kinds of manufacturing scheduling systems. Due to the dynamic nature of the manufacturing shop floor, it is of utmost importance that a manufacturing scheduling system can take care of these dynamic conditions.

wip inventories  be multilevel so that WIP materials at different process stages can be represented conveniently and accurately. Dynamic Process Definitions Suppose a system is defined for only a fixed number of process steps and the manufacturing site incorporates a new process step. How will the system deal with it? Imagine that the manufacturing site does away with a process step and the installed system gets confused about how to deal with such a situation. A dynamic manufacturing scheduling system with dynamic 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

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

Sorting Through the ERP, Lean MFG, APS, and MES Clutter - Part 2


Part 1 of this blog series started with 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. Every sensible enterprise is on a quest to deliver on time and as quickly as necessary, with minimum inventory (and working capital), and the highest necessary

wip inventories  schedules and do model WIP inventory levels. How is scheduling different from planning, and why is the planning-scheduling tandem important? Well, planning systems work in future time buckets (monthly, weekly, daily) and cannot preserve the planned operation sequences (or respond with adequate changes) within the time bucket, once the actual production starts. Conversely, true scheduling systems are bucketless, can preserve sequencing optimization (based on efficiency goals, profit objectives, customer Read More

Using Inventory Optimization to Reduce Inventory Levels in a Lean Environment


Small and medium businesses (SMB) need to address inventory challenges by using a tightly integrated approach that reflects the dynamics of the extended supply chain. Data must also be available to other application modules within the enterprise resource planning (ERP) system. An inventory optimization solution allows companies to effectively fulfill demand and identify how to gain additional profits from their inventories.

wip inventories  Inventory Optimization to Reduce Inventory Levels in a Lean Environment Using Inventory Optimization to Reduce Inventory Levels in a Lean Environment If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. SYSPRO Inventory enables effective customer servicing and improved profits by providing superior inventory that optimizes stocking levels. Inventory Optimization that aggregates & analyzes inventory to support lean manufacturing Read More

IPSec VPNs for Extranets: Not what you want to wake up next to


In general VPNs are ill suited to building multi-company extranets, for any situation that extends across organizational boundaries, or where there is unbalanced trust between end points. This article discusses the basic requirements for a true extranet solution.

wip inventories  VPNs for Extranets: Not what you want to wake up next to Business Drivers for Extranets The market for extranet connections is growing because corporations are motivated to: Extend their B2B connections to existing partners (Today, an average of only 37% of corporations are connected with their business partners, usually with basic data exchanges such as EDI VANs (1) )   Expand these connections beyond data exchanges to direct real-time access of data and applications   Connect with new partners as Read More

ToolsGroup Embeds Machine Learning Technology in Demand Forecasting


ToolsGroup, a provider of demand analytics and supply chain planning (SCP) software, claims to be the first vendor in its class to embed machine learning into a commercially available demand forecasting product. The new technology has been proven to significantly improve forecast accuracy in major global customer installations.

wip inventories  industry watch, scm, scp, supply chain, inventory optimization, demand planning, machine learning, forecasting, so99+, ToolsGroup Read More

APICS 2009 from the Expo Floor: Is S&OP Coming of Age? - Part 1


While my colleagues Khudsiya Quadri and Gabriel Georghiu diligently attended numerous conference sessions and reported their impressions of each convention day (Day 1, Day 2, Day 3, and Day 4), my much shorter attendance of the APICS 2009 International Conference in Toronto (Canada) in early October revolved mainly around exploring the expo floor and talking to the

wip inventories  2009 from the Expo Floor: Is S&OP Coming of Age? - Part 1 While my colleagues Khudsiya Quadri and Gabriel Georghiu diligently attended numerous conference sessions and reported their impressions of each convention day ( Day 1 ,  Day 2 ,  Day 3 , and  Day 4 ), my much shorter  attendance of the APICS 2009 International Conference in Toronto (Canada) in early October revolved mainly around exploring the expo floor and talking to the exhibitors . My overwhelming impression from the conference''s Read More

Reflections on Lean Philosophy and the Theory of Constraints


The theory of constraints (TOC) is similar to, yet different from, the lean philosophy. TOC focuses on optimizing production through critical bottlenecks in order to meet market demand.

wip inventories  since large piles of WIP are very noticeable, and every plant supervisor should know intimately the sore spot or bottleneck within the plant. Exploit the constraint. One has to maximize the possible amount of work going though the constraint, while ensuring that there is an uninterrupted flow of work coming into the constraint, so that it never has to wait for work (i.e., an inventory buffer is kept in front of the bottleneck to ensure that it is never idle). Subordinate everything else to the Read More

Facilitating Compliance and Intelligent Information Management with Effective Database Management


Data breach is a very real problem in business today. Every day, organizations store massive amounts of data inside database tables—data ranging from credit card transactions to product inventories. This valuable information is what runs the business. In order to protect this data and stay on top of compliance, an enterprise data management solution that respects information privacy regulations should be considered.

wip inventories   Read More

Capitalizing on Advanced Inventory Management


Today’s distributors have an opportunity to drive performance to new levels by investing in advanced inventory management. These companies can expect to increase inventory visibility while driving down inventory costs. Learn how these kinds of inventory management initiatives can help your company strengthen customer relationships, bargain for better terms with suppliers, and generate more profitable growth.

wip inventories  on Advanced Inventory Management In today''s fast moving global marketplace, innovative companies are using their inventory to gain the competitive edge. Rather than manage inventory at the facility or company level, enterprising companies are using network-based inventory management software, which allows them to position their inventory where it is most needed and can provide the most profitability. By distributing inventory in its most advantageous positions, companies are able to achieve a 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

Smaller Vendors Can Still Provide Relevant Business Systems Part Four: MRO and Spare Parts Management


Service or spare parts have lately become both a blessing and a curse for many manufacturers.

wip inventories  Vendors Can Still Provide Relevant Business Systems Part Four: MRO and Spare Parts Management Service Parts Management Relevant Business Systems , ( http://www.relevant.com ), a privately-held San Ramon, CA-based provider of enterprise resource planning (ERP) solutions that helps mid-size and large aerospace and defense (A&D), engineer-to-order (ETO), contract manufacturing, maintenance repair and overhaul (MRO), and like project-oriented manufacturing companies to improve their business might be a Read More