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Transforming Inventory into a Strategic Weapon
Strategic inventory management requires a deep understanding of how the end-to-end supply chain is managed. From intelligently micro-segmenting products to
Inventory into a Strategic Weapon Strategic inventory management requires a deep understanding of how the end-to-end supply chain is managed. From intelligently micro-segmenting products to creating continuous inventory process improvements, few businesses are capable of transforming their inventory into a competitive advantage. Some forward-looking leaders—backed by technology and expertise from JDA—are changing the definition of inventory optimization. Read how.
Demand Management RFI/RFP Template
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Discrete Manufacturing (ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as or...
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Elusive Profits, Expensive Mistakes: the Pitfalls of Overseas Sourcing
Extending supply lines overseas brings new commercial and operational challenges that are far more complex than ever before. Enterprises are exposed to an
Integration | Supply Chain Inventory Management | Supply Chain Issues | Supply Chain Jobs | Supply Chain Logistics | Supply Chain Management | Supply Chain Management Articles | Supply Chain Management Companies | Supply Chain Management Consulting | Supply Chain Management Problems | Supply Chain Management Process | Supply Chain Management Software | Supply Chain Managment | Supply Chain Marketing | Supply Chain Model | Supply Chain Network | Supply Chain News | Supply Chain Operations | Supply Chain
EAM Versus CMMS: What's Right for Your Company? Part One
As companies continue to look for more areas from which to squeeze out revenues and reduce expenses, enterprise asset management (EAM) and computerized
repair and service parts inventory based on forecasted equipment usage can prevent already limited funds from being over-allocated just to achieve a false sense of security. Also, an effective preventive maintenance program can improve equipment utilization and availability, enabling production schedules to be achieved especially when an exorbitantly expensive equipment replacement is a no-option during depressed economic times. Extending into the customer base, this applies as much to standards of
Can You See the Big Picture?
In today’s competitive global environment, with a proliferation of new products, channels, and SKU counts, maintaining inventory levels that synchronize supply
and SKU counts, maintaining inventory levels that synchronize supply with demand is a complex challenge that carries steep consequences if not handled properly. Transform your planning, execution, and optimization processes into a competitive advantage by leveraging a shared picture of demand across your supply and demand chain.
10 Pitfalls to Avoid when Selecting a CMMS/EAM
As you look for ways to get the most out of your existing operating assets, enterprise asset management (EAM) and computerized maintenance management system
known as : Asset Inventory Management Software , Asset IT Management Software , Asset Management System , Asset Management Software , Asset Management Software Review , Asset Maintenance Software , Asset Management Software Solution , Asset Management Software Solutions , Asset Manager Software , Asset Managment Software , Business Asset Management Software , Business Software , CMMS Asset Management , CMMS Companies , CMMS Comparison , CMMS EAM Maintenance , CMMS Implementation , CMMS Maintenance
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
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.
Leading Global Wine And Spirits Producer Takes Collaboration Upstream With Raw Materials Suppliers
Tighten and speed up the manufacturing supply chain to better align raw Materials inventory levels with production plans, and reduce inventory and
better align raw Materials inventory levels with production plans, and reduce inventory and administrative costs.
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
working capital—primarily by optimizing inventory management.
Unlocking Working Capital: Best Practices for Reducing Inventory
Two-thirds of the 400 survey participants in a 2007 Aberdeen report about inventory management place a high priority on working capital optimization. Many
Best Practices for Reducing Inventory Two-thirds of the 400 survey participants in a 2007 Aberdeen report about inventory management place a high priority on working capital optimization. Many companies are reconsidering their business strategies, including implementing appropriate technology platforms that help automate supply chain processes. Learn about cost-effective and practical ways to reduce inventory so that working capital can be released.
Inventory Reduction: Effectively Turning Excess Into Cash
In virtually all manufacturing companies, there is a direct correlation between inventory levels and overall business performance. In fact, CEO's and CFO's
a direct correlation between inventory levels and overall business performance. According to Harold Geneen, the legendary financial genius and former chairman of ITT, all the problems of business end up in inventory. Most knowledgeable executives would agree with Geneen. In fact, CEO's and CFO's believe that their companies consistently carry 25 to 40 percent or more inventory than is needed. Assess Your Capabilities Ask your material planning and operations team to answer the following four questions.
Inventory Planning & Optimization: Extending Your ERP System Part Two: How It Works
Organizations today realize that although strategies focusing on outsourcing transportation, e-business and new distribution models are important, these are all
Two: How It Works Inventory Planning & Optimization Solutions Inventory optimization software is the most recent addition to the suite of Supply Chain Management (SCM) solutions. Software companies like JustEnough and i2 have emerged as leaders in this space. These solutions establish the optimal mix between inventory investment and service levels for each inventory item at each location within an organization. Inventory Planning and Optimization solutions do not process transactions. Rather, they use
RockySoft Corporation offers web-hosted solutions that optimize supply chain inventory management. The company provides distributors and manufacturers with
that optimize supply chain inventory management. The company provides distributors and manufacturers with an all-in-one supply chain visualization and advanced planning system, to streamline forecasting, planning, and procurement. RockySoft is based in Fort Collins, Colorado, USA.
Inventory Optimization: A Technique for Improving Operational Inventory Targets
To boost efficiency, run leaner, and drive down the cost of supply, many organizations are exploring inventory optimization—a technique for improving
Technique for Improving Operational Inventory Targets To boost efficiency, run leaner, and drive down the cost of supply, many organizations are exploring inventory optimization—a technique for improving operational inventory targets to address the realities of today’s highly complex, ever-evolving global supply chains. This paper examines how the stochastic multistage, multi-inventory model supports inventory optimization.
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