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Perpetual Inventory System: Definition & Methods

Unleashed

At a certain point, manual inventory management becomes no longer feasible. In this article, we explore a popular solution: the perpetual inventory system. Perpetual inventory systems begin with a physical inventory count that is then recorded electronically.

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Getting value from the general ledger within your ERP system

SYSPRO Smarter ERP

When an accounting transaction occurs, it is first recorded in the accounting system in a journal applying the same double-entry system that Luca Pacioli described more than 500 years ago. This journal updates the general ledger. When a transaction is processed in a sub-ledger, it is automatically allocated a sequential journal number.

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The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

GlobalTranz

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The start of any product or service is procurement, explains Jonathan Webb of Forbes Magazine , which refers to the obtaining of raw materials needed to create a product.

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Recognizing Culture at the 2020 Atlanta Supply Chain Awards

Demand Solutions

But what if I told you that establishing supply chain planning and procurement processes also helps your company's culture, would you believe me? Tim was recognized for his exceptional leadership of the supply chain planning and procurement processes teams.

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The Changing Landscape of Retail Supply Chains

Enterra Insights

The so-called “retail apocalypse” was deepened by the pandemic, then came inventory overload and inflation. Transforming Inventory Management. Young observes, “[In recent years, retailers have experienced] product shortages and overstuffed inventories in rapidly changing consumer markets.

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Added In-Transit Inventory Exposures Add to Implications of Inbound Cost Inflation for Industry Supply Chains

Supply Chain Matters

We indicated that the implications of unprecedented, elevated levels of inflation levels will vary by specific industry, but taken as a whole, they present a number of complex product management, procurement and supply chain planning challenges that will need to be tackled. The report observes that in December 2021, U.S.

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Retail Sales and Operations Teams Need to Up Their Game in Inventory Management Agility and Responsiveness

Supply Chain Matters

In this Supply Chain Matters industry specific commentary, we make the observation that retail industry sales and operations planning and demand support teams, given the current state of recent business financial performance, need to up their game in supply network inventory management agility and added responsiveness. .