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Documents related to » accounting for consignment inventory


Inventory Management Technology Strategies for Distribution
Your Challenge: Get Decision Makers' Approval for Inventory Management Technology Strategies for Distribution .Specific, Measurable, Achievable, Relevant and Time-Bound. Inventory has been—and continues to be—the lifeblood of the distribution marketplace. While many companies are slow to adopt new strategies and technologies, a growing number of distributors are leveraging inventory practices to improve key metrics like customer retention, gross margins, and inventory turns. Read these research survey findings to find out how you can make better inventory management technology decisions.

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3/10/2008 9:13:00 PM

Let the (Excess) Inventory Flow!
Because companies focus primarily on new product development and promotion, the problem of excess and obsolete inventory, once addressed, often leads to both the inventory and dollars flying out the door. There should be smarter ways of handling this problem.

ACCOUNTING FOR CONSIGNMENT INVENTORY: operations and financial and accounting managers. It is a well-known fact that managing inventory risk is about managing the cost of maintaining unnecessarily high levels of inventory against the risk of running out of stock at a crucial moment of truth (MOT) when a customer actually wants something. In a variety of aspects, inventory management is at the heart of the supply chain management (SCM) realm. Supply chain organizations are responsible for all the processes from sales and operations planning
1/26/2007

Achieving Effective Inventory Management
Achieving Effective Inventory Management. Read White Papers and Other Software for Your Evaluation and for Achieving Effective Inventory Management. In today’s competitive business environment, wholesale distributors face critical factors that directly affect customer satisfaction and profit margins. These challenges, combined with customer demands for product availability, can conflict with operational goals of increasing inventory turnover and minimizing costs. However, business automation software can deliver sophisticated distribution capabilities designed to help you with these important business issues.

ACCOUNTING FOR CONSIGNMENT INVENTORY: periods are independent of accounting periods and calendar months. For example, you may decide to forecast demand based on the usage recorded in 13 four-week periods. Individual inventory periods can be of differing lengths, and you can specify the number of working days in each period. You can base forecasts on the usage recorded per business day, rather than the usage recorded each month. This can result in forecasts that are more accurate and could in turn lead to higher levels of customer service and
2/16/2007 2:11:00 PM

Inventory (Out of) Control
In a market as competitive as the chemicals industry, providing high quality products to clients quickly and efficiently while meeting the rigorous regulations enforced on chemicals from formulation to shipment is no easy feat. Many companies struggle with sales forecasting and maintaining and tracking inventory. Many chemical manufacturers are turning to enterprise resource planning (ERP) software systems to add business-wide visibility to inventory control and reduce costly downtime.

ACCOUNTING FOR CONSIGNMENT INVENTORY: Inventory (Out of) Control Inventory (Out of) Control Source: Deacom Document Type: White Paper Description: In a market as competitive as the chemicals industry, providing high quality products to clients quickly and efficiently while meeting the rigorous regulations enforced on chemicals from formulation to shipment is no easy feat. Many companies struggle with sales forecasting and maintaining and tracking inventory. Many chemical manufacturers are turning to enterprise resource planning (ERP) software
10/2/2013 2:37:00 PM

shoutout-inventory-mgmt-graph-464-pixel.png » The TEC Blog
shoutout-inventory-mgmt-graph-464-pixel.png » The TEC Blog TEC Blog     TEC Home     About TEC     Contact Us     About the Bloggers     Follow TEC on Twitter    RSS   Discussing Enterprise Software and Selection --> Fast, Accurate Software Evaluations TEC helps enterprises evaluate and select software solutions that meet their exacting needs by empowering purchasers with the tools, research, and expertise to make an ideal decision. Your software selection starts here. Learn more about

ACCOUNTING FOR CONSIGNMENT INVENTORY: TEC, Technology Evaluation, Technology Evaluation Centers, Technology Evaluation Centers Inc., blog, analyst, enterprise software, decision support.
07-02-2013

Challenges and Future Plans of a Product Inventory Disposition Vendor
Despite FreeFlow's success at helping organizations regain some margin of profitability for excess inventory, the company still strives for expansion and improvement as a product inventory disposition vendor, with the aim of meeting international environmental regulations down the track.

ACCOUNTING FOR CONSIGNMENT INVENTORY: Challenges and Future Plans of a Product Inventory Disposition Vendor Challenges and Future Plans of a Product Inventory Disposition Vendor P.J. Jakovljevic - February 2, 2007 Read Comments A product inventory disposition vendor that offers online auction portals where companies can sell their at-risk and excess inventory, FreeFlow aims to help companies improve their product life cycle profitability. The vendor also offers a comprehensive, inventory asset management suite to meet the needs of its
2/2/2007

Using Supply Chain Design and Optimization to Reduce Inventory
Historically, companies have invested in tactical and operational supply chain technology solutions. These solutions helped model and operate existing supply chains, without addressing overall supply chain design and strategy. Companies are increasingly turning to strategic solutions such as supply chain design and optimization (SCDO) to help satisfy customer demand while balancing limitations on supply and the need for operational efficiency.

ACCOUNTING FOR CONSIGNMENT INVENTORY: Using Supply Chain Design and Optimization to Reduce Inventory Using Supply Chain Design and Optimization to Reduce Inventory Source: Hitachi Consulting Document Type: White Paper Description: Historically, companies have invested in tactical and operational supply chain technology solutions. These solutions helped model and operate existing supply chains, without addressing overall supply chain design and strategy. Companies are increasingly turning to strategic solutions such as supply chain design and
6/7/2006 12:16:00 PM

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 pickers and receivers to stop loss and identify and solve problems faster.

ACCOUNTING FOR CONSIGNMENT INVENTORY: additional personnel such as accounting, sales, and purchasing to perform the audits. Step 15: Correct the variances the weekend of the count. A lot of things take place in you warehouse, but variances can t take a back seat to your day to day operations. If you don t address your variances as quickly as possible, they will not be addressed. You have to decide what total variance you can live with. One word of advice though. I have seen the total dollar amount take precedence over the total item count.
5/19/2005

Customer Success Story: Batchmaster Provides Superior Inventory Control
Superior Quality Foods was growing, but poor inventory control was impacting its profitability. To ensure there was enough stock to meet production needs, it always ordered extra raw materials—just in case. To reduce costs and improve inventory control, Superior chose an enterprise resource planning (ERP) and mobile wireless inventory system—and since its implementation has realized 98 percent accuracy in inventory.

ACCOUNTING FOR CONSIGNMENT INVENTORY: Customer Success Story: Batchmaster Provides Superior Inventory Control Customer Success Story: Batchmaster Provides Superior Inventory Control Source: BatchMaster Software Inc Document Type: Case Study Description: Superior Quality Foods was growing, but poor inventory control was impacting its profitability. To ensure there was enough stock to meet production needs, it always ordered extra raw materials—just in case. To reduce costs and improve inventory control, Superior chose an enterprise resource
11/6/2007 8:50:00 AM

Inventory Planning & Optimization:Extending Your ERP SystemPart 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 secondary in relation to what lies at the heart of any supply chain: INVENTORY. Although firms have invested significantly in ERP and MRP systems in the last decade, overall inventory levels within the extended supply chain remain relatively unchanged.

ACCOUNTING FOR CONSIGNMENT INVENTORY: Inventory Planning & Optimization: Extending Your ERP System Part Two: How It Works Inventory Planning & Optimization: Extending Your ERP System Part Two: How It Works D Hooiman - April 5, 2003 Read Comments 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
4/5/2003

Top ERP for Oil & Gas 2012
Top ERP for Oil & Gas 2012. There are several new ERP systems designed for the Oil and Gas Industry, and here's your chance to compare them quickly...

ACCOUNTING FOR CONSIGNMENT INVENTORY: Top ERP for Oil & Gas 2012 Top ERP for Oil & Gas 2012 There are several new ERP systems designed for the Oil and Gas Industry, and here s your chance to compare them —quickly and easily. TEC s ERP comparison reports make it easy for you to research and compare ERP solutions from industry leaders like IFS, Microsoft, Oracle, and SAP. Which ERP is best for your Oil and Gas operation? To find out, simply select 3 solutions from a list, and you ll get your fast, free comparison. If you wish, you can also
5/29/2012 1:00:00 PM


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