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19 Steps to Maintain an Accurate Inventory What You Must Know About Your Inventory
It takes $2,500 in new sales to make up $100 in lost inventory, assuming a 4 percent return. Keeping an orderly warehouse with up-to-date processes and informed

physical inventory  article remember this: A physical inventory is 85 percent preparation and 15 percent counting! That means for every hour you spend counting, you should spend 8.5 hours preparing. That may seem like a lot, but remember, there are pre-physical steps that need to be performed, as mentioned above. Step 17: Cycle the count. Inventory acts as a buffer between unmatched supply and demand. It hides problems! Eighty percent of a company's sales, profits, and costs are often from 20 percent of its products (Pareto Read More...
CMMS – EAM
Enterpise asset management (EAM) solutions support maintenance management tasks. Asset management systems typically enable planning, controlling, and monitoring of physical asset events. ...
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Documents related to » physical inventory


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

physical inventory  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 inventory optimization software can help companies decide when to buy, produce or ship goods between Read More...
Is There a Smarter Way to Handle Excess Active and Obsolete Inventory?
Imagine the convenience of a 24x7 intranet marketplace where companies could sell off their inventory to the highest bidder. FreeFlow is one such business

physical inventory  return or receipt into physical stores of materials from which the item may be scrapped. To make things even more painful, returns inventory comes in all shapes and sizes, with new/unopened, new/package-defect, quality defect, and consumer returns/used being typical classifications. Hidden in the darkest nooks and crannies of the warehouse, returned inventory accumulates until the aisles are virtually impassable. And many companies otherwise rigorous in their accounting standards do not manage 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

physical inventory  should include procedures for physical interaction, material handling safety guidelines, and quality of reporting. Each task will be detailed in the documentation for clarity, so no confusion arises. Select a few individuals within warehouse operations to go over the documentation before its release to all employees, to make sure all process tasks or steps are documented and that no pieces of the puzzle are missing. Once all the reviewers agree, then the documentation can be released to all employees. 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

physical inventory  can be threatened when physical inventory quantities do not match the on hand quantities displayed by your computer system. The computer system must be able to display accurate quantities for each item in stock in each warehouse. Chapter 1: Warehouse Management Business Issue Profitability can be threatened when physical inventory quantities do not match the on-hand quantities displayed by your computer system. The computer system must be able to display accurate quantities for each item in stock in each Read More...
Six Steps to Effective Inventory Management
You can take two approaches to inventory management: assume it’s a necessary evil and implement an inventory reduction program when cash gets tight, or put an

physical inventory  Steps to Effective Inventory Management You can take two approaches to inventory management: assume it’s a necessary evil and implement an inventory reduction program when cash gets tight, or put an active inventory management process in place, and continually improve the business results. Learn how to view inventory as cash that can be invested in other ways: move from reactive inventory management to lean and active inventory management in six easy steps. Read More...
TCLogic, LLC
Headquartered in Indianapolis (US) and established in 1997, TCLogic develops Web-based inventory optimization solutions, built to provide customers with

physical inventory  LLC Headquartered in Indianapolis (US) and established in 1997, TCLogic develops Web-based inventory optimization solutions, built to provide customers with business intelligence about their inventory. The company specializes in inventory management in distribution-intensive operations where balancing service-level commitments and inventory levels is important. TCLogic services various business sectors, including automotive; electrical; heating, ventilating, and air conditioning (HVAC); health Read More...
Retail Merchandising
Retail Merchandising systems allow users to effectively manage inventory across the enterprise, helping them to buy smart and sell through efficiently

physical inventory  Merchandising Retail Merchandising systems allow users to effectively manage inventory across the enterprise, helping them to buy smart and sell through efficiently. Retail Merchandising is highly effective for hard-line and soft-line retailers alike. Retailers benefit from features such as automated replenishment, native style-color-size-size2 item matrices, advanced allocation methods, and stock balancing. Total cost of ownership is further reduced by leveraging additional integrated modules Read More...
Achieving Effective Inventory Management with Dynamics GP and RockySoft
Looking for a way to maximize the productivity and profitability of your inventory investment? Although good inventory management software is one key to an

physical inventory  Effective Inventory Management with Dynamics GP and RockySoft Looking for a way to maximize the productivity and profitability of your inventory investment? Although good inventory management software is one key to an effective inventory management program, it must be implemented by a team that thoroughly understands the distributor’s needs and challenges. Learn about two solutions that, when combined, can lead you toward the goal of achieving effective inventory management. Read More...
Active RFID Solutions for Asset Tracking and Inventory Management
Radio frequency identification (RFID) technology is fast replacing ScanCode technology in asset tracking and inventory management. Traditionally, asset tracking

physical inventory  RFID Solutions for Asset Tracking and Inventory Management Radio frequency identification (RFID) technology is fast replacing ScanCode technology in asset tracking and inventory management. Traditionally, asset tracking and inventory management in retail supply chain or manufacturing or service units depended heavily on manual scanning of bar code printed on each item at every strategic point. This white paper focuses on details of RFID technology and how you can automate asset tracking and Read More...
ERP: Origins, Developments, and Trends
ERP first developed as a form of inventory control and later grew to link disparate bodies of information together from across the enterprise. Now, ERP

physical inventory  Origins, Developments, and Trends Introduction History teaches everything, including the future. —Lamartine The names for new technology systems continue to change, but the promises they make remain the same: improve the bottom line. This is the first installment of Back to the Basics , an intermittent series that will unearth the core definitions of buzzwords and key application systems, and chart their evolution. Understanding their evolution is essential to knowing their current use, future Read More...
Furniture Manufacturer Improves Inventory Accuracy by 85 Percent with RFID-capable WMS
Fraenkel Company is an employee-owned manufacturing distributor of household furniture and related products and services. The company created a sophisticated in

physical inventory  Manufacturer Improves Inventory Accuracy by 85 Percent with RFID-capable WMS Fraenkel Company is an employee-owned manufacturing distributor of household furniture and related products and services. The company created a sophisticated in-house ERP system in the early 1990s. However, homegrown software can be unwieldy to maintain and difficult to upgrade. In 2001, Fraenkel saw a solution that offered more advanced capabilities, and implemented VAI’s S2K Enterprise Edition for Manufacturing. Read More...
Supply Chain Management: Morphing the Functional Scope of Service Parts
The quintessential business challenge is to minimize downtime on assets while minimizing the cost of spare and replacement parts inventory. To meet these

physical inventory  Chain Management: Morphing the Functional Scope of Service Parts The Morphing Functional Scope of Service Parts SCM There are many requirements involved in the supply chain management (SCM) of service and replacement parts that make the process different from traditional, new parts SCM (see Part One ). As a result, some specialist SCM solutions have been developed to address these challenges. Some might resemble conventional SCM solutions, but feature different approaches. The requirements of Read More...
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