| |
| |
|
Management Information |
|
|
|
Five Days to More Effective Inventory Management
The litany of headaches related to the implementation and on-going care-and-feeding of enterprise-based inventory management applications (upgrading, downtime, maintenance, hardware obsolescence, and so on) is long. These implementation issues are enough make the savviest of companies want to engage in anything but another supply chain or inventory management software implementation. For this reason, your organization should consider adopting a hosted inventory management solution. Because such solutions are web-based, adopting them is as easy as selecting the processes you want to use or share, determining the roles of your users, and, using templates, loading the data. The biggest hurdle is usually getting the correct data if it has not been collected before. You determine the processes you want to map and the vendor guides you through the rest of the process. The primary reason such solutions can be implemented so quickly is that they are based upon an "on demand" or ASP (application service provider) model. This means there is no software or hardware to implement. This costly time consuming activity has already been done by the vendor. As you pay only for the users, this saves you a lot time and dollars. You determine the process flows (what steps you want to use), import data into the templates, upload the information into the application, and go. It really can be that easy. Naturally you also want to get your customers on-line. Most vendors will provide you with training, and also train your customers, and their customers. The more people (customers and suppliers) using your network and extended network the greater the returns you and your customers will experience. Here's your five-day roadmap for getting better at managing your inventory: Day 1: Due diligence
Day 2: Go/ no go decision
Day 3: Planning
Day 4: Setup and pilot
Day 5: Rollout
Ken Town is VP Research and Technology at Invendia, a leading provider of Vendor Managed Inventory (VMI) and Web-based Inventory solutions.
MORE RESOURCES:
Google News |
|
|
|
RELATED ARTICLES
1000 Managers Turned Their Plans Into Energy! I bet you can't tell me how leadership training and strategic planning work together to boost business results and energize performance improvements.A recent survey of 1000 managers conducted by the UK-based Chartered Management Institute, revealed that organizations experienced, "improved business performance when [their leadership] development [programs were] linked to [their] business [strategic planning process]. Innovation Management - Emotion, Habit, and Culture can be Hard to Change! Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Nonprofit Performance: Outcome Measurement Can Be A Good Thing Does the idea of program evaluation make your stomach churn? If so, you're not alone. Many nonprofit professionals and volunteers view program evaluation with fear. How to Delegate Effectively ACCOUNTABILITY: Delegation is not complete unless subordinates are held accountable for their work. They should be accountable to only one person-usually their immediate manager-and must understand what criteria will be used in judging their performance. Give Yourself a Boss' Day Gift Become a better boss and reap the benefitsAnother interesting study was done. One that should really catch our attention. Five Problem-Solving Success Tips The ability to solve complicated problems quickly is more important than ever in today's tough economy.From the time we're little kids, we're taught to solve problems by trial and error. Loyalty, Motivation And Work-Life Balance Managers who aren't loyal to their people can't expect loyalty in return. Companies that complain about employee loyalty have usually done nothing to earn loyalty, often routinely lying to employees, demanding sacrifices that are never rewarded, shunting them aside and casting them off in the name of good business. Growing Profits is Easy! Everyone involved in running a business from the smallest start-up to a major corporate dreams about how to achieve sustained profitable growth. I'm a great believer that business is simple - it's only us human beings that make it complex. Innovation Management - smart people dont necessarily produce great ideas Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.There are distinct processes that enhance problem identification and idea generation and, similarly, distinct processes that enhance idea selection, development and commercialisation. Recruitment - Do You Know What Youre Looking For? The time will come when you'll need to interview someone to join your business or your existing team. If you work in a large organisation then this could be someone from inside the company. Getting Information From Prospects You're at a networking function and you've made that all-important contact. You want to get help from this individual but you know that you need to start working on building a relationship with them first. Critical Success Factors - Next The Critical Success Factors Focusing on the things that make the biggest difference to your future prosperity. (Note, although this article was written in early 2002, it is totally relevant. Performance Appraisals: Nightmares or Sweet Dreams Some managers think of performance appraisal meetings and recollections of torn Achilles' heels or root canals immediately surface. They're sort of "been there, don't want to go again" situations. Hows Your Company RQ (Reputation Quotient)? In light of recent corporate scandals, from Enron and Global Crossing to those of once trustworthy mutual funds, is it any wonder that more people are asking, "Can I trust this company enough to do business with them?" But the trust issue isn't just relative to the buyers of your products and services, its vitally important to employees as well. Impacting their retention and performance in very real ways. Why Free Agent Thinking Is Good For Your Company It's no secret! Day after day the news is riddled with companies who are moving operations to other countries or completely closing their doors. Those who remain must transform themselves to lean, mean, businesses with a constant eye on reducing costs. Are You A B.O.S.S. -- Boisterous, Omnipotent, Self Indulgent, Sociopath Boisterous, Omnipotent, Self- indulgent Sociopath. Avoid the B. Lets Make Training More Interesting! Many HR managers believe that by sending their workers to participate in external training programs, they have fulfilled their responsibilities. This is not the best situation. Einstein, The Universe, And Leadership Every since serving a hitch in the military, I have been nagged by the question that's been hanging around leadership since time immemorial: How can some leaders persuade people to believe in them and follow them and other leaders can't? But it wasn't the military that provided me with a framework to answer that question. It was Albert Einstein and his quest for the unified field theory of the universe. Delegation Obstructions OBSTRUCTIONS: 1. Staff deficiencies. Paretos Law- Your Formula For Success A 'dirt-world' retail business I used to manage had a large turnover, a very high profit, and less than 100 lines. Early in 2001, I was contracted to manage another business.
|
| home | site map |
| © 2006 |
