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Software Functionality Revealed in Detail
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 accounting for shrinkage on inventory


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

accounting for shrinkage on 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

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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.

Compare Now

Small Business Software (SBS)

The Small Business Software (SBS) evaluation model targets functional requirements for fully featured solutions designed to support all business requirements of a typical small business. Extending beyond mere accounting functions, it is primarily applicable to those businesses for which full-scale ERP software may be too complex or cumbersome. However, the model of SBS solutions includes all the essential categories such as General Ledger, Accounts Payable (A/P) and Accounts Receivable (A/R), Payroll, Job and Project Costing, Multinational Accounting, Light Manufacturing, Inventory, Technology, and much more. 

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Documents related to » accounting for shrinkage on inventory

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 shrinkage on 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 Read More

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accounting for shrinkage on inventory  modules handling order entry, accounting/finance, inventory control, manufacturing, executive decision support/business intelligence (BI), engineering (in alliance with Agile Anywhere for collaborative product design), purchasing and shipping, along with the above-mentioned adaptable web-based supply chain visibility modules that communicate through portal technology. The product has traditionally been very strong in terms of transaction entry and reporting and tactical level production status Read More

Dealing with Chaos: 4 Steps to Manufacturing Success


Manufacturing today is fraught with uncertainties in the supply chain due to a variety of global issues, including weather and exchange rates. You can counter supply problems with “safety stock.” But this extra inventory goes against the rules of an efficient lean environment. How can you stay demand driven, without a supply snafu? Find out how an information management system can help forecast your supply chain needs.

accounting for shrinkage on inventory  purchasing and supplier management, accounting and inance, engineering, and, yes, even materials and planning. In fact, planning and the included simulation, collaboration, and communications functions are critical tools for detecting impending or developing change, determining the projected impact of the change (before it afects operations), identifying the best strategy for responding to the change, and implementing that strategy not only in the plant but through the entire supply chain. The pursuit of Read More

FRx Poised to Permeate Many More General Ledgers Part Four: Competitors and User Recommendations


With Integration Designer and Forecaster, FRx has taken critical steps forward in creating value for its customers and resellers. FRx should expend the marketing effort required to insure all its customers, prospects, and affiliates fully understand the value proposition of its products.

accounting for shrinkage on inventory  with more than forty accounting packages, many of which are also from the FRx Software fold, and it can easily populate a spreadsheet with live data from the GL to create a custom report publishable on paper or digitally. Users can create reports for any time period, and F9 can consolidate GLs that do not share the same account structure. Another competitor, Timeline , with its slew of patented accounting intelligent and analytically richer products like Analyst Reporting , Analyst Filter , and Read More

Five BI Success Factors for the Midsize Organization: Tactical Guidelines for Effective BI Deployment


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accounting for shrinkage on inventory  BI Success Factors for the Midsize Organization: Tactical Guidelines for Effective BI Deployment Midsize businesses feel the most pressure to boost revenue and increase profits—and have smaller margins for error. Achieving your goals requires making smart, timely decisions that are backed by solid data. With a business intelligence (BI) solution, you can make timely informed decisions and improve productivity, while maximizing value and return. Find out about the five success factors for Read More

Jobscope Enterprise Edition (JEE) (v. 16) for ERP for ETO Manufacturing Certification Report


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accounting for shrinkage on inventory  Enterprise Edition (JEE) (v. 16) for ERP for ETO Manufacturing Certification Report Jobscope Enterprise Edition (JEE) (v. 16) is TEC Certified for online evaluation of enterprise resource planning (ERP) solutions for engineer-to-order (ETO) manufacturing in the ERP Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive Read More

Strategies for a Successful CRM Implementation: A Guide for Small and Medium Sized Enterprises


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accounting for shrinkage on inventory  for a Successful CRM Implementation: A Guide for Small and Medium Sized Enterprises In general, most organizations agree that customer satisfaction—one measure of customer relationship management (CRM) success—improves when CRM software is implemented. This white paper discusses the keys to successfully implementing CRM software solutions, as well as some of the important prerequisites—people and processes—to finding and installing CRM technology. Read More

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accounting for shrinkage on inventory  OpenAir for PPM for PSA Certification Report NetSuite OpenAir is TEC Certified for online evaluation of project portfolio management for professional services automation (PPM for PSA) solutions in the Project Portfolio Management Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and Read More

Accounting Seed


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accounting for shrinkage on inventory  Seed Accounting Seed Financial Suite is an accounting and ERP application that is native to the force.com platform and fully integrated into Salesforce CRM. The application was designed by a team of certified public accountants, Force.com developers, and business process consultants. Accounting Seed Financial Suite is a horizontal offering providing all industries with a back-office accounting suite that includes project accounting, ERP, and robust financial reporting. Read More

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 shrinkage on inventory  and Future Plans of a Product Inventory Disposition Vendor 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 customers. Zooming into an Inventory Free Flow Room for Expansion and Improvement Remains As seen thus far, FreeFlow's Read More

A Business Intelligence Agenda for Midsize Organizations: Six Strategies for Success


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accounting for shrinkage on inventory  Business Intelligence Agenda for Midsize Organizations: Six Strategies for Success Midsize companies see business intelligence (BI) as too unwieldy and expensive for them, and use spreadsheets for planning, budgeting, and forecasting. However, BI is well within reach through an incremental approach. Learn about six strategies for midsize companies for choosing and deploying BI solutions that address both business and IT challenges. Read More

Taking Control: Improved Inventory Visibility Leads to Lean Success


While inventory reduction is a worthy goal for manufacturers, with less “cushion” mistakes and surprises can be costly. When looking at inventory levels and how to reduce them, it is important to understand the role that inventory plays in the dynamics of plant operations. This paper focuses on inventory inside the plant—from receipt of parts and materials to shipment of finished products—to help you safely reduce your inventory.

accounting for shrinkage on inventory  Control: Improved Inventory Visibility Leads to Lean Success While inventory reduction is a worthy goal for manufacturers, with less “cushion” mistakes and surprises can be costly. When looking at inventory levels and how to reduce them, it is important to understand the role that inventory plays in the dynamics of plant operations. This paper focuses on inventory inside the plant—from receipt of parts and materials to shipment of finished products—to help you safely reduce your inventory. Read More

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accounting for shrinkage on inventory  Enterprise Single Sign-on (ESSO) Single Sign-On (SSO) improves usability and productivity of SAP users by providing or leveraging a single authentication service (for example Windows authentication) that allows users to logon once and then to transparently access all SAP applications on different servers. Source: SECUDE International AG Resources Related to Smart Enterprise Single Sign-on (ESSO) : Single Sign-On (SSO) (Wikipedia) Smart Enterprise Single Sign-on (ESSO) Single Sign-on is also known Read More

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accounting for shrinkage on inventory  System for Health Care A U.S.-based regional healthcare support network turned to TEC for help selecting a distribution enterprise resource planning (ERP for distribution) solution for its medical supply and equipment sales division, including a financials module to be used by other divisions. Read More