Category Archives: Inventory Management

Ad Inventory Management

Ad Inventory Management

As with any publisher, your goal is to maximize ad revenue stemming from all of your ad spaces on your website. To get there, you need to optimize your ad inventory. It is hence essential to sell your ads for the best price possible and utilize all available ad impressions. This article will provide a basic understanding of ad inventory and techniques to determine and manage it more effectively. There are three possible inventory levels:

1. Filled, or 100% fill rate
2. Undersold, or underselling
3. Oversold, or overbooking

Filled
The ideal condition is “Filled”, or 100% fill rate. This condition is met when you are not undersold and you are not oversold. The boundary between these levels is very close to each other. So, to achieve this level, it is often easier to avoid the other two unwanted conditions rather than trying to find a magic formula for 100% fill rate. Also, it is not easy to continuously maintain a perfect level because of all the changing variables such as: traffic, audience, advertisers, and ad networks. Depending on the complexity of your ad placements, you can use a 2-zone or 3-zone chaining setup. A 3-zone chaining setup has 3 levels: “Premium/Exclusive > Regular > Remnant”. 2-zone chaining has 2 levels: “Regular > Remnant”. The total available inventory is the total impressions of all the zones in the chain.

Undersold
Undersold, or underselling, means you have extra impressions that can be sold for more revenue or higher revenue instead of leaving them to non-paying house ads or low-paying ad networks. It is easy to detect if you are in this situation. If there are many impressions served in the Remnant zone, it means there is unsold inventory in the Premium and/or Regular zone. If this is the case, you should try to sell more ads in the Premium/Regular zone to increase your total ad revenue.

Oversold
Oversold, or overbooking, means you have booked and sold more ads than what is available for the zone. Any individual ad can be booked with multiple restrictions such as specific start/end date, geo-targeting, frequency capping, browser, device, daily/monthly/hourly quota, even distribution, etc. These restrictions break up the total available inventory into many smaller overlapping segments. It can be difficult to determine the exact number of impressions in each of these segments. For example: consider an ad placement that has one million total impressions for April. 50% of that is US visitors. 70% of those US visitors use Windows. One of the ads is booked into that placement from March 15 to April 20 targeting US and Canada visitors with a total limit of 50,000 impressions and an even distribution. Another ad from April 10 to April 20 targeting visitors within 50 miles of Chicago and a total limit of 100,000 impressions.

However, there is a way to determine if a specific ad is overbooked by looking at its weight/priority setting and its delivery progress. If an ad has Auto Priority at the maximum value for an extended period of time and its delivery progress is behind schedule then it is likely overbooked. Check with your tool on how to find this.

Another simple way to avoid overselling is allowing a small amount of inventory to be undersold. This means you initially allow some impressions in the Remnant zone, which contains in-house ads and/or low-paying ad networks. As you monitor the number of impressions number in the Remnant zone, you know how many extra impressions you can sell in the Premium/Regular zone. The goal is to monitor and reduce these extra impressions to a level with very little extra impressions left. This is a safe and simple way to avoid overselling.

As a final note, your ad inventory changes every day so it is a good habit to monitor the ad inventory reports and make any necessary changes promptly.

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What are the Advantages of Mobile Inventory Management Software(2)

What are the Advantages of Mobile Inventory Management Software

As one of the inherent elements, inventory management plays a vital role in the success registered by an organization. To take good control of inventory levels, an establishment can make diligent use of inventory management software, which gets built to enhance procedures and processes pertaining to this niche. When this software becomes mobile, an organization is better placed to gain control over inventory and meet the needs of customers at the right time. When mobile software and mobile field service pave the way for an effective combination, a company has found the right formula to offer complete customer satisfaction. What are the advantages of mobile inventory management software?

Place order from the field
When this module is put in place, an establishment is adopting a novel strategy to outwit competition. As mobile inventory can be accessed through handheld devices, field staff finds it easy to read stocks when they are on the move, as the professionals are also well placed to place orders right from the field without having to go through cumbersome procedures.

Enhance Mobile field service
Mobile field service has become a winning formula for many organizations, where the field professionals are better placed to offer top notch services when they receive timely information. While the mobile software becomes an integral component of a company, it becomes a robust tool to enhance this form of service rendered to customers.

Transfer of inventory
Another significant advantage offered by this software is brought to light by its ability to allow transfer of stocks between different warehouses. The winning strategy that allows an establishment to outscore competition is its passion to meet customer demands in a timely fashion. When stocks get transferred between warehouses even from the field, made possible by this tool, an establishment has found the right way to offer timely services to its clients.

Track customer data
While field personnel are on the move, they make use of mobile devices to gather relevant information to provide unparalleled service to customers. Among the many needs, field personnel require various forms of customer data when they are on the move, and the mobile software is an able ally that allows field personnel to track customer data, history and other relevant information while they spend time on the field.

Track inventory from field
Sales personnel feel the need to track inventory levels at regular intervals to cater to the needs of clients. When sales personnel are on the move, the software built to enhance inventory management procedures allows sales professionals to track inventory levels, made possible by alluring features of the tool, and encourage field staff to make good use of relevant data to meet customer demands right in time. There are several advantages of mobile inventory management software, and an establishment is well placed to win customer confidence by offering top quality services.

Related Articles – Inventory Management Software, Inventory Management, Mobile Field Service,

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ERP for Transportation Industry

ERP for Transportation Industry

This is the first time ever such an extensive and well integrated software for Fleet and Transport Industry is made. Eresource ERP for Fleet Management is the number one Fleet/Transport Management ERP that will help your business grow with guaranteed return on investment.

With eresource ERP in the operational mode, you can manage your Fleet and Transport business with efficiency and it is an user-friendly ERP solution. Irrespective of your fleet’s strength, eresource ERP for Fleet Management can provide solution for all your vehicle operations, trucks, cars or any other commercial vehicles.

 

There is no place for an argument about the credibility or functionality of eresource ERP for Fleet Management. Eresource ERP for fleet Management industry is an unique fleet management ERP solution for you. This ERP solution will help you overcome overhead expenses, unexpected break-fix scenarios and downtime due to neglected fleet vehicles and equipment.

 

And eresource ERP for Fleet Management serves as a ready resource for fleet maintenance history, fuel usage, and driver details also you can easy manage areas like insurance, asset management, tire management, inventory management, LR management as well as all expenses associated with operating your fleet of motor vehicles and other mechanical assets.

 

eresource ERP for Fleet Management is a powerful configuration management system that based on master configuration, which allows you to easily create individual vehicle configurations and maintenance plans.

And eresource ERP for Fleet Management serves as a ready resource for fleet maintenance history, fuel usage, and driver details also you can easy manage areas like insurance, asset management, tire management, inventory management, LR management as well as all expenses associated with operating your fleet of motor vehicles and other mechanical assets.

 

eresource ERP for Fleet Management is a powerful configuration management system that based on master configuration, which allows you to easily create individual vehicle configurations and maintenance plans.

 

You are invitied to Manufacturing ERP Training Program: ttp://www.youtube.com/watch?v=lI8fEb0rITw

 

For more information kindly visit: http://www.eresourceerp.com/fleetmanagement.htm

 

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Graphical Networks Announces Release of New IT Inventory Management Software

Graphical Networks Announces Release of New IT Inventory Management Software

The Asset Management IT experts at Graphical Networks LLC, today announced the release of graphTerrain, a web-based diagramming tool ideally suited for customers trying to migrate away from desktop, single-file, single-user tools like Visio or netViz. A netViz Alternative – Web-based Diagramming Tool

With graphTerrain, users can draw and document any node and link items such as network maps, Enterprise architecture elements, workflow diagrams, and other general purpose entities. It supports parent-to-child drill-downs, node and link types with customizable fields (up to 50 user defined fields per type), visual and graphic overrides, inter-diagram links and much more.

As an alternative to netViz, Graphical Networks’ graphTerrain product offers web-based visuals and diagrams that posess the same embedded data and hierarchical drill-down capabilities that netViz customers are familiar with, plus some unique capabilities that make it the best-of-breed web-based Visualization package in the market.

Some of the benefits that netViz customers will see include:

* Full netViz migration with a few clicks * Enterprise-grade, concurrent, real-time * 100% native web-based diagrams with no additional software required * Minimal Learning curve * SQL Server central repository and standardized API * Simpler licensing and more affordable, flexible pricing schema

Related Articles – asset management it, it documentation, it visualization, map network, map a network,

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Inventory Management Software for Warehouses for Small Businesses

Inventory Management Software for Warehouses for Small Businesses

Inventory management software is a valuable tool for organization of goods or supplies for any retail establishment. More small business inventory management software are used to sort out items in the inventory for easier circulation and more efficient selling. There are, likewise, suppliers that need inventory management software themselves.

Warehouses have large capacities for items due for sale; in a way, warehouses are gateways for these items from the manufacturers to the distributors. Some warehouses also provide services like packing the goods. Warehouses receive goods from manufacturers and organize these goods properly for stable and effective flow of goods.

Warehouse management systems are necessary for stable organization of these goods. Each item is classified according to the brand, item type, and name. The items in each category are also arranged in a way that, if perishable, those that expire earlier get delivered and sold sooner. This is a little more difficult in a warehouse, which is enormous with a massive collection of goods. By using a warehouse inventory software system, this is made easier with organization.

Warehouses need the system when they find themselves somehow at a loss with what to do. There are times that certain items are hard to find, and even workers have to search the warehouse thoroughly for the item, which is a waste of time and effort. The software also keeps the working pace consistent even when some workers call in sick. The best part is that records are printed out—no more handwritten notes of orders, data or invoice.

Hardware components are products from various telecommunications companies that have served millions of consumers around the world. There are mobile computers with long-lasting batteries, hard disks with large capacity for the software and its data, and little printers to make hard copies of bar codes, receipts, and other important information on the warehouse inventory. These components house the software well, making an extensive yet comprehensive record of the status and condition of the inventory as a whole.

The warehouse inventory software system can also make a clear record of the flow of the inventory items. The items can be tracked with the unique bar code on every type of item to show when they were stored, packed, and delivered. This helps maintain the balance and consistency of the work in the warehouse; workers and management do not have to worry about lost items, for example, because everything is in place.

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Inventory Management Software And Benefits(2)

Inventory Management Software And Benefits

For any company to accomplish productive business results, it becomes a quintessential prerequisite to take good care of inventory management procedures. Effective inventory management can help a company gain competitive edge over competitors, and can help a company meet customer demands at all times. The inventory management software is a potent tool that solidifies inventory management practices, as it can also be customized to fit into the needs of a company. Can companies get benefited by making use of customized inventory management software?

Serves the purpose
Businesses thrive by meeting market demands at the right time, which depends primarily on good inventory management principles. With the inventory management software, various records are maintained well, and this software serves the purpose to the hilt. The software dons the role of a potent tool to track inventory, and to identify areas where a company is losing or gaining money, which in turn guides a company to take informed decisions. Establishments can rely on this software to improve various process cycles, and can even improve methods to bring profits out of investments made by a company.

Reduces time
A company has to devote enough time to track inventory and to maintain records, if the tracking is done manually. Needless to say, tracking materials that enter into a warehouse and that goes out of the warehouse to reach retail shelves needs to be done on a regular basis. This task has to be performed to make sure that products are produced and shipped in the right manner. When an establishment opts to make use of inventory management software, it saves time by recording all the essential data in no time at all. The numbers needed for restocking and reporting basis can be accessed with ease, as when inventory management software is utilized by an organization.

Saves money
When inventory control is done on a manual basis, an organization can be forced to take bad decisions owing to inaccurate bookkeeping. There could be problems that arise out of under-purchasing or over-purchasing of products, which can bring down the efficiency of an organization. But, when inventory management software becomes an inherent part of an organization, right decisions can be made, which can save a lot of the money for a company that might lose money through inaccurate recordings pertaining to inventory control. The production process of a company runs without any hitches, where companies can also reduce personnel costs needed to maintain inventory control on a manual basis.

The inventory management software happens to be a notable addition that can help a company perform to its potentials, as this software guides a company to meet the market demands promptly and earn recognition in the market.

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Keys to Effective Inventory Management

Keys to Effective Inventory Management

One of the things we’ve seen time and time again in our business is that the best relocation policies reflect current realities of the real estate market, with aggressive home marketing assistance programs and incentives to employees to price their homes realistically. Still, in today’s environment, it’s inevitable that some properties will end up in inventory. Here are a few of the best practices we recommend to help minimize total program cost and the amount of times homes spend in inventory.

It’s important to understand how a home value is determined as well as the current status of the listings that were used in the appraisal. Circumstances change over time. You may find that the home should be listed at the anticipated selling price – or even below – to gain the attention of buyers. To make sure the house is priced accurately, remember to review comparable sales and listings as well as any issues influencing the market, such as schools, employment and new subdivisions. Take note of the builders who are active in the market and any incentives they are offering. The presence of unsold new homes may call for an adjustment to your marketing strategy.

In selecting a broker, be sure to consider their experience, longevity, market share and creativity. If possible, choose a broker with whom you have worked successfully in the past. Listen carefully to his or her intelligence on the local market area: Local issues such as a major employer leaving town can dramatically impact listing success. These kinds of factors should be considered in establishing a strategy.

A moderate investment to improve first impressions of a property will make it more competitive and may eliminate objections that could prevent a sale. Repaint any bold, personal colors in a neutral hue. Clean or replace the carpets and replace marginal systems such as old water heaters that may be flagged during inspection. Spruce up the entry area with a fresh coat of paint and judicious landscaping and flowers. Listen carefully to your broker’s ideas on strategic incentives to drive showings. For example, the offer of a $500 all-terrain vehicle or a $2,500 lawn tractor might help sell a large property. This type of incentive might be negotiated out of the final offer.

Competition for a home sale today can include typical resale listings as well as foreclosures, short sales and new construction that might be languishing on the market. Online research is not enough: you should visit properties, collect builder flyers, read yard signs and more. For example, if a local builder is offering incentives on a new home, you can consider something similar. The marketplace can change literally overnight, so it’s wise to review strategy with your broker at least twice a month. Regular communication can also help keep the broker more invested in the process and can lead to a richer, more productive partnership. The inventory manager should provide regular marketing updates to the client while offering cost-effective incentives ranging from reimbursement of the buyer’s closing costs, an appliance allowance or a selling agent bonus to an electric awning to shade a hot patio.

Property offers can come at any time and deals can be quite fragile, so the inventory manager must be available to receive and evaluate offers 24/7. This level of availability and commitment also helps to foster a more collaborative and successful relationship with the broker. Effective inventory managers develop keen negotiating skills: They can predict likely offers, counter offers, buyer hot-buttons and concerns. This empowers them to take control of negotiations in a market where buyers often feel they are omnipotent – and to advance the client’s best interests. Effective negotiation balances all parties’ interests and results in a successful, time-and cost-effective outcome.

If you’re looking for professional corporate relocation services visit www.TRCGS.com, TRC Global Solutions offers comprehensive corporate relocation services and employee relocation packages for companies of all sizes for over 25 years.

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Warehouse Inventory Control and Management

Warehouse Inventory Control and Management

Warehouse inventory control and management systems are designed to serve a wide array of manufacturing and distribution needs. Control and management systems are available for physical plant management, including physical building analysis, property management, and building layout with rack and lane optimization. Warehouse equipment usage can also be monitored with wireless RF technology linked to systems through wireless site surveys. Wireless technology can be extended to vehicle loading and unloading operations.

The information provided from the wireless system is uploaded in real time to software specifically designed for facility management. The software is available for a wide range of businesses. Different software systems offer a full range of options for small, medium, and large businesses.

Windows based systems for warehouse inventory control and management are designed for small business of 10 or less simultaneous users and can be run on the businesses own network. Medium size business may choose from software designed to run on their own network or select a web based system. The web based systems work well for multiple location operations. Microsoft SQL Server systems designed for midsize to larger applications supply access to unlimited users. More robust Oracle based systems are designed for businesses operating globally and requiring secure operation over the internet.

Real time data reporting is one of the most desirable benefits of these completely computerized warehouse inventory control and management systems. For managing inventory flow through the warehouse, data can be collected by RFID technology inserted in the actual packaging or pallets of product. The RFID tags follow the product through the warehouse and send continuous updates to the system. Warehouse and client users can login to the system and monitor inventory pick and put data, incoming and outgoing orders and other metrics established during system setup.

Computer systems utilizing real time radio frequency bar coding technology and handheld bar code scanners offer additional solutions for tracking as it comes into and moves through the warehouse. Individual product can be scanned as orders are picked and fulfilled.

Before implementing computerized management systems, companies should identify and develop standard operating procedures. Developing efficient SOPs up front can save money. Many companies experience often experience improved safety conditions due to a properly designed system. Other areas of improvement include loading efficiencies and period end inventory reporting.

Companies looking to set up a computerized control and management system can find multiple vendors providing both software and compatible hardware for a complete and efficient system. Vendors often offer consulting and analysis services to help companies develop and improve their SOPs. Including personnel for IT and Warehousing is important in developing standard operating procedures. Their valuable experience can eliminate costly mistakes in the development of the new system. When a company considers input from both employees and vendors, efficiencies can be identified and incorporated that will serve long into the future and prevent costly modifications and redesigns. New technologies are continually being developed. Warehousing IT department should monitor changes in the industry and update management regularly.

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Retail Dashboards Monitor Key Performance Indicators

Retail Dashboards Monitor Key Performance Indicators

Every business unit needs to keep a track over the costs and the revenues generated over a period of time. There is every possibility of a mismatch between the two. Key performance indicators form the basis for determining the performance of any organization. The indicators are sales volume, price management, price optimization and others. These figures help the business units in increasing their sales and profits and in determining the market trends. A retail dashboard summarizes all the data in a top level snapshot. It displays the revenues received in different intervals of time as to have clear distinction of the revenue generated in a specific state in each month.

The laser focused dashboards shows the key performance indicators of every type of business models. Within a dashboard, the KPI (Key Performance Indicators) charts are different for every kind of enterprise. There is large volume of POS data and the dashboards offer retail data solutions by displaying all the KPI. In this competitive world, the retail dashboards have become an integral part of every organization. The owners cannot wait for the data to take crucial decisions. The multiple levels of data are very effective in boosting up the level of sales. The dashboards help in promotional planning, inventory management, and merchandise tracking.

eSENSE Retail make use of the latest technology and offers retail data solutions to the business firms both small and large. The eSENSE Retail solution is a web based application and it integrates various data points into the customized dashboards. Their retail dashboards help in identifying the areas which require action or follow up as to have increase in revenue. eSENSE Retail was established by a team of experts in the field of category management. They have been working with manufacturers distributing retail management tools, products and services to the retail community from many years. Get this opportunity and boost the ROI and have high sales volumes. For more details about their excellent services, please browse through www.esenseretail.com.

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Factors to Consider When Selecting a Warehousing Distribution

Factors to Consider When Selecting a Warehousing Distribution

Logistics refers to the management of movement of materials and commodities from their manufacturing depots to point of consumption, keeping in mind the demand of local markets. The idea was originally applied to armed forces where it was essential to supply the rations, arms and ammunition to the forces from the base camp. In the context of an army, logistic solutions are very important as an army is entirely dependent upon timely supplies of provisions.

At present, logistic solutions are a necessity for a number of other sectors like manufacturing, export-import, wholesaling, customs, etc, in short in businesses demanding mass-scale transportation of products. The increasing complexities of maintaining an easy supply chain in the global market projected the demand for logistics and its emergence as a booming business. It basically includes planning and implementing activity forecast for business houses regarding a competent supply chain management based on statistics and market trends. Especially, providing the best transportation solution is the top priority of a logistic process.

The warehouse management strategy is the core from where tasks like governing the receipt, storage and movement of materials, transactions, shipping, loading, picking, etc, are governed. Inventory planning, cost management and well-knit communication system constitute the other important areas which must be considered to reach a flawless logistic solution.

The distribution costs have grown to be sky high and are continually growing and therefore, to reach the end user with low investment is a big concern for all manufacturers. However for these, a proper market assessment for the local demand of the product in various regions is a qualification. Then layout, setup and design for a distribution centre are selected by way of a slotting analysis. Room should be kept for re-slotting of distribution centres to keep pace with changing market trends. These must be acheived keeping a proper balance between cost and availability of space, easy access of transportation and affordable labour charges. For the best possible solution for a manufacturer, a comprehensive analysis of the logistics is a qualification.

The twentieth century has noticed the wipe-out of standard methods of transport logistics, with the development of modern methods like Just In Time (JIT) system. JIT operates by offering goods from the suppliers to the customers directly omitting the intermediate step of warehousing, thus achieving cut in the cost of production, in the time consumed for that task and a cut-down in the security risks needed during the transportation. But where offshoring activities are involved, warehousing is mandatory. Various factors are to be considered before selecting best suitable locations for warehousing. A recent concept where retailing is done from the warehouse itself is now very well liked. The idea of using a warehouse for retail purposes is very appealing to the manufacturers since it significantly reduces the cost to the end user and also increases the production sales ratio.

The introduction of internet and e-commerce has also made a strong impact on the development of logistic solutions in the field of warehousing distribution. Internet-based stores do not require a chain of outlets to sell their products; rather, their focus stays on a well-maintained delivery section and in such cases again, warehouses serve at most storage units.

Do you need logistics solutions or warehousing distribution? Visit us at pyramid-logistics.com, we provide our services to worldwide tradeshow and electronic transportation.

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