News & Articles
Cloud infrastructure is a term used to describe the components needed for cloud computing, which includes hardware, networking, storage and virtualization resources. Cloud-based software is a scalable and cost-effective solution for systems like enterprise resource planning (ERP), warehouse management system, production planning, logistics and transportation management system for successful launch of new projects and also improvement of existing projects. Companies are increasingly moving to cloud-based infrastructure to improve security, gain unlimited scalability and lower cost. CoreIMS cloud infrastructure is a cost-effective solution provides organizations with the control and visibility they need across their cloud infrastructures, enabling them to secure applications and provide…
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Nowadays, accounting software is an important and must have part of any organization as inventory management software for company management. Inventory management system is about knowing what you have in your warehouse and where your stock is located in real time. In the meantime, accounting software will combine all money-related functions in your organization including inventory in one place. Rather than keep everything separate, your purchase orders, sales orders, customer and vendor information, inventory count, accounts payable and receivable information are all integrated in one easy-to-access place. Accounting software, inventory management system with integration module should be a good standard…
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EDI Integration: Electronic data interchange (EDI) is a form of inter-organizational electronic exchange where one trading partner (buyer, manufacturer or vendor) establishes individual links with one or more trading partners (customer, supplier or reseller) through a computer-to-computer electronic communication. With EDI, you don’t have to think about re-creating and sending purchase orders or printing invoices. It standardizes both incoming and outgoing documents, so you don’t have to worry about it. EDI is not a new idea it was originally started in the 1960’s in the USA and consists of flat file exchange system by files (or document) with predefined format…
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Cycle count as an inventory transaction designed to ensure the accuracy and validity of inventory. Technically speaking there are two similar transactions: cycle count and physical inventory. A physical inventory is designed to count inventory ones and you could choose how to count inventory by specific item or group of items or locations, etc. In order to do that system will put items or locations on “freeze” in order to maintain an accurate count. Cycle count designed to automate the counting process and to reduce time, errors, cost and etc. System will schedule the count in advance and will make…
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CoreIMS Vault Management is a warehouse management solution designed for Precious Metal Depositories and Traders with functionality specific to Precious Metal industry based on over 15 years of experience. The system is flexible and easily customizable, making it an effective solution to support any businesses. Handling and storing gold and silver bars as well as coins can be a complicated matter. Having a software that ensures that bullion can be received, handled, and stored securely is very important for the management of precious metals. The CoreIMS vault management solution developed by CorePartners is designed to keep track of precious metals…
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Inventory traceability is the ability to track products and materials through the supply chain. Most of the manufacture companies uses some traceability system, to track products and materials through the supply chain. Inventory traceability also known as Track and Trace. Tracking an inventory is the process of tracking how much of each individual of product a business is buying or storing for resale proposes, and how much of each of those products are being sold. Accurate inventory management system is one of the top priorities for manufacture companies. While using an Inventory Tracking System, you can be assured that the…
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BI basics, Terminology and definitions Power BI is a collection of software services, apps, and connectors that work together to turn your unrelated sources of data into coherent, visually immersive, and interactive insights. Whether your data is a simple Excel spreadsheet, or a collection of cloud-based and on-premises hybrid data warehouses, Power BI lets you easily connect to your data sources, visualize (or discover) what’s important, and share that with anyone or everyone you want. Power BI can be simple and fast – capable of creating quick insights from an Excel spreadsheet or a local database. But Power BI is also robust and enterprise-grade, ready for…
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Know how to differentiate between ‘must have items’ and ‘wish list items’: Wish list items tend to force initial system implementations outside of budgets and time frames, while adding little additional value to the new inventory management system. The initial phase of any new system implementation should always focus on business critical tasks to support daily operations. After you are beginning to earn your return on investment, then discussions regarding a second phase to incorporate wish list items should be started. Realistically assess your internal project management and information technology expertise: When working with a software vendor for an inventory…
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Can a traditional Inventory Management System be used for Asset Management? Yes it can. With few minor adjustments our CoreIMS™ Inventory Software can be utilized as an Asset Management System for companies of any size. By using CoreIMS™ Asset Tracking, a company can track any hard assets such as computers (including its parts, software, etc.), furniture, required maintenance and updates; as well as locations of all items, building addresses and, of course, employees’ to whom assets are issued to. CoreIMS™ Asset Management allows separation of all assets by departments, create replenishment schedule for perishable items, and transfer items between employees,…
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Warehouse solutions are NOT one-size-fits-all. We know first-hand that every warehouse is unique. With decades of developing and implementing inventory solutions around the world, however, we have identified some fairly universal truths. This is the third installment of our blog series designed to share these common but critical steps towards accurate and efficient inventory management. If you missed Inventory Solutions Part 1: Barcoding Your Warehouse or Inventory Solutions Part 2: Cycle Counting & Barcoding Your Inventory be sure to go back and read these first. The reality is that each of these solutions are most effective, and really only effective,…
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