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Peter Clarke - ArticlesPeter Clarke, CTO, IBS Australia specialises in Supply Chain and ERP Systems. Peter will present on inventory optimisation at the GS1 Impetus Conference on October 23, 24 2008 in Sydney. Visit www.supplychainsecrets.com.au 5 Keys For Maximising Your ROI Through Optimal ERP Performance: Key 1 - A Software ERP DirectiveKey No 1 - Charting the course of success for your technology investment
Is your current ERP system is lacking in functionality? Does it limit your ability to respond quickly to customers' requests? Where are you placed in comparison with your competitors, and does your existing system help you or hinder... 5 Keys For Maximising Your ROI Through Optimal ERP Performance: Key 4 - Six Critical Failure FactorsKey No. 4 - ERP Implementations: Critical Failure Factors, Classic Mistakes And Best Practices
The complexity and wide encompassing nature of ERP means that there are inherent challenges in any ERP implementation. The issue is to ensure that these challenges enhance the project and final outcome rather than become problems or... 5 Keys For Maximising Your ROI Through Optimal ERP Performance: Key 3 - Selecting Your ERP SolutionKey No. 3 - 7 essential criteria for selecting your ERP solution and technology partner
Once you've made your decision as to why you are considering an ERP implementation (covered in article #1 in this series) and investigated the total cost of ownership (article #2), there are several aspects you should... 5 Steps To Optimise Your Inventory: Step 5 - How To Optimise Your Product ReplenishmentOptimising replenishment means making sure that the relationship with your suppliers is as efficient as possible. This allows you to decrease lead times, lower prices and get better service levels.
Replenishment is an important aspect of supplier relationship management (SRM). The goal of SRM is to streamline and make the processes... 5 Steps To Optimise Your Inventory: Step 4 - How To Calculate Your Product ForecastThe fourth step in the article series focusing on Inventory Optimisation and the most important step in your inventory optimisation program highlights the need to calculate your product forecast.
Calculating your product forecast is the most critical part of inventory optimisation. Get it wrong, and you either overstock or understock, both... 5 Steps to Optimise Your Inventory: Step 3 - How to Classify Your ProductsTo optimise your inventory, you need to know what you have, decide how best to move it around, and find out how well you are doing it.
Step 2 in the Inventory Optimisation series - analysing your inventory performance - is difficult enough considering the many variables that have to be... 5 Keys For Maximising Your ROI Through Optimal ERP Performance: Key No. 2 - Managing the Total Cost of Ownership - What You Need to KnowSomething that is borne out in every survey of those who have implemented an ERP system, or those who are contemplating doing it, is that the three most important concerns are functionality, ease-of-use and total cost of ownership.
Functionality and ease-of-use are both purely technological issues that rely on a proper... 5 Steps To Optimise Your Inventory: Step 2 - How To Analyse Your Inventory PerformanceTraditionally, it has been understood that to improve customer service you have to have high levels of inventory. This ensures that orders are filled quickly. But it also means that the value of your inventory is high, to the detriment of your organisation as it ties up cash and warehouse... 5 Steps To Optimise Your Inventory: Step 1 - How To Balance Your Inventory Levels And Lower CostsThe inventory in your warehouse or factory is both an asset and a liability. In either case, if it just sits there, it is worse than worthless - it's of negative value. Whether it's pens in the stationary cupboard or multi-million dollar machine tools in the dockside warehouse, inventory must... 5 Keys For Maximising Your ROI Through Optimal ERP Performance - A Software ERP DirectiveKey No 1 - Charting the course of success for your technology investment
Is your current ERP system is lacking in functionality? Does it limit your ability to respond quickly to customers' requests? Where are you placed in comparison with your competitors, and does your existing system help you or hinder...
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