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Do you know how much your inventory is costing you? – Part 6

Posted on 10 September 2015 by Wouter Combrinck

Firstly, a public service announcement: this blog contains references to sex, nudity and violence.  You have been warned …

Well, eventually it had to happen.  After some birds and bees and flowers and trees action an egg has been known to give rise to the odd chicken.  Now (and here’s the violent bit) in order to cook a chicken to golden deliciousness, it is necessary to first deal with the unpleasant aspect of a slaughter.

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Topics: Managing inventory with ERP, Supply Chain Management, Inventory Management

Do you know how much your inventory is costing you? – Part 5

Posted on 3 September 2015 by Wouter Combrinck

If you recall from my last blog I almost ended up with egg on my face!  Not literally - my egg whites were beaten into submission and stayed firmly in their place. My awkward moment only came when I took the wrong approach to combining the eggs with the other ingredients.

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Topics: ERP for Manufacturing, Managing inventory with ERP, Supply Chain Management, Inventory Management

 

Do you know how much your inventory is costing you? - Part 4

Posted on 27 August 2015 by Wouter Combrinck

wouter_inventory_part_4Some would say that the link between ERP and baking is tenuous at best. However, my most recent culinary catastrophe got me thinking about SYSPRO’s functionality and convenience. Let me elaborate…

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Topics: ERP for Manufacturing, Managing inventory with ERP, Supply Chain Management, Inventory Management

Do you know how much your inventory is costing you? - Part 3

Posted on 18 August 2015 by Wouter Combrinck

wouter_inventory_pt_3Costing methods can be a contentious issue where there is no definite right or wrong answer.  The other day, while looking at my Quora feed, I came across a user who posed a question regarding a disagreement between two people. He wanted to know if at least one person will always be wrong. 

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Topics: Software development, Managing inventory with ERP, Supply Chain Management, Inventory Management

Do you know how much your inventory is costing you? - Part 2

Posted on 23 July 2015 by Wouter Combrinck

wouter_inventory_part_2In my last blog I referred to how much your inventory is costing you and that both direct costs and overhead costs will have an influence on your stocking quantity.

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Topics: Software development, Managing inventory with ERP, Inventory Management

Do you know how much your inventory is costing you? - Part 1

Posted on 14 July 2015 by Wouter Combrinck

wouter_inventory_part

Some people like cars, some have an affinity for sport, while others can discuss the sheen of their pet’s coat for hours on end. We all have our own weaknesses … or strengths depending on where you stand on dog fur. My passion is food. Sometimes healthy, occasionally cholesterol-inducing, butter soaked sheer indulgence.

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Topics: Software development, Managing inventory with ERP, Supply Chain Management, Inventory Management

Tips on Optimizing Procurement

Posted on 7 April 2015 by Cathie Hall

cathie_procurementIt’s a long time since the sales team got all the glamour and recognition for being the business heroes, now it’s just as likely that the buyers are out celebrating with the champagne. The impact of procurement to the profitability and sustainability of a business is dramatic.  Consider a distribution business with a revenue turnover of $100m with a cost of sales of $70m and operating costs of $20m, net profit is $10m. A 1% decrease on the cost of sales translates to a whopping 7% increase in net margin.

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Topics: Software development, ERP for Manufacturing, Managing inventory with ERP

Why Should my Business use Inventory Optimization?

Posted on 19 March 2015 by Simon Griffiths

simon_why_inventory_optimizationSo you reckon I should consider inventory optimization? Convince me.

According to research by the Aberdeen Group, one of the top pressures is unpredictable demand , another pressure is reducing inventory carrying costs . How are business leaders addressing these pressures? By building capacity for better demand and inventory planning and forecasting.

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Topics: Managing inventory with ERP

 

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