2018 June

Posts made in June, 2018

Production Variance Analysis

Why it is essential for your enterprise and how to make it easier Once production is complete, it is a common cost accounting practice to analyze the production variances to identify materials or areas that are over or under the plan—as well as investigate the reasons for the variances. Understanding these differences of actual-to-plan is […]

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32 Soft Presents at Fall User Groups

If you didn’t get the opportunity to attend the Fall user group conferences, you can watch our presentations from the Fall Midwest User Group and West Coast User Group conferences here.   Understanding Production Capacity in QAD Presented by Don Lindsey Don guides your understanding of capacity planning from its interaction with SIOP through production […]

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Support the #Pelotonia Bicycle Tour 2018

Lance McKeown is a man who pushes his limits. At 66, he will soon participate in his 7th Pelotonia Bike Tour to raise funds for the Ohio State University Comprehensive Cancer Center – Arthur G. James Cancer Hospital and Richard J. Solove Research Institute. The Tour is on August 3-5, 2018. Lance is the IS […]

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Reorder Point—When should I order inventory?

by Don Lindsey Balancing inventory is essential for your business. If you order too early, you’ll tie up cash and spend needlessly on storage of excess items. Order too late and you’ll face disappointed customers. Knowing your reorder point (ROP) is an important step in adequately managing your replenishment process. The ROP is the level of inventory […]

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Safety Stock—Your Guard Against Uncertainty

The Safety Stock Calculation Formula by Don Lindsey Determining the most efficient inventory levels is one of the most important components of your company’s operations. Safety stock describes a level of extra inventory that your company maintains to mitigate the risk of stockouts or shortfalls in the raw materials due to uncertainties in the supply […]

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