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How Effective Fixed Asset Management Contributes to Profitability

QAD

Fixed Assets and Accounting: Much More than a ‘Nice to Have’. Honestly, fixed asset management and the related accounting is a rather dry subject – unless you are a CEO, CFO, COO, VP of Finance, VP of Manufacturing or Fixed Asset Manager at a manufacturing company. The Fixed Assets Accounting Challenge.

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Metrics that Matter: Inventory Effectiveness

QAD

It is critical to monitor inventory effectiveness using five key metrics: Expedited orders, inventory turns, obsolete inventory, safety stock and stockouts. Whether you measure purchase orders or customer orders—and you should do both—high numbers indicate problems in your inventory planning and flow.

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Cloud-Based ERP guide for Operational Excellence

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In this ultimate guide, we’ll show you how to elevate your business operations, from procurement and logistics to manufacturing and more, ensuring a path to operational excellence and strategic success. Operational Excellence with Cloud-Based ERP Procurement Management Efficiently manage your procurement processes with ERP.

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Optimize Your Supply Chain Through Efficient Fixed Asset Management

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While inventory management and logistics often take center stage, another critical component that significantly impacts supply chain performance is fixed asset management. Fixed assets, such as machinery, equipment, and vehicles, are essential for businesses to operate smoothly.

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Asset Management: Supply Chain’s Next Big Thing

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In this article: Asset management is the foundation of supply chain, just like supply chain is the foundation of business. Asset records are the lynchpin of digital transformation. When collected on one platform, asset record information will enable aggregate business intelligence that will serve all players.

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QAD Adaptive Applications Further Enables Adaptive Manufacturing Enterprises

QAD

QAD Enterprise Asset Management has improved plant maintenance, capital projects and MRO purchasing capabilities for improved asset utilization and lower costs. In the Supply Chain area, we’ve introduced a more streamlined process for purchase order creation, release and receiving.

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5 Tips to Cut Hotel Supply Chain Costs

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You may also be able to save money by bundling some of the things that you purchase with a single vendor, rather than using a different vendor for each item. It also cuts your transportation and shipment costs. Take a look at the items that you're purchasing regularly in order to fine-tune and optimize your orders and shipping.