Fine Tuning Inventory Management to Maximize your Financial Performance

Sponsored By ePhiphony

Topics:

Finance & Risk Management > Supply Chain

Technology > IT Management

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Abstract:

The seemingly simple tasks to determine how much of an item to order/produce and how much inventory of an item to keep on hand is at the foundation of operational decisions, yet when it comes to Inventory Management, today's software packages are using methods developed in 1913. These outdated methods focus on total cost and, in some cases, attaining customer service objectives. With today's pressures for financial performance, a replenishment scheme that maximizes economic value added is preferred because it properly combines income statement and balance sheet performance. ePhiphony's patent pending product suite, Phitch, automatically maintains the optimum inventory level using the optimum order quantity. With Phitch, today’s maestros in supply chain management are fine tuning their inventory management methods in order to maximize their financial performance, including Lean Inventory Management, supplier selection, transportation optimization, quantity discount reviews, and doing business globally.

DETAILS

Sponsored by: ePhiphony

Posted: August 14, 2008

Length: 2 pages

Format: PDF (591 kb)

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