In this chapter you should be able: Define the term inventory, list the different types of inventory, describe the main functions of inventory, discuss the main requirements for effective management,. | 2 PART III IMPLEMENTING ADVANCED PLANNING SYSTEMS 3 SUMMARY of Last Lecture In the last decade Advanced Planning Systems became a relatively mature software technology. Many major software vendors—especially the providers of ERP systems like SAP (Dickersbach 2009) and Oracle (Siddiqui 2010)—invested in APS technology and provide now a broad spectrum of APS modules and functionality. In the early phase of the selection process the “strategic fit” of the APS with the targeted planning processes, the industry within which the supply chain is operating (as far as industry solutions are concerned), the budget targeted for the APS implementation project and the planned implementation time may be equally important as the features and functions. The assessment of the APS by these criteria cuts down the number of APS that have to be considered in the subsequent detailed analysis. By that, time and effort for the selection process can be reduced. Typically, the size of the customers of an APS vendor also relates to the license fees. Whereas APS vendors with larger customers tend to be in the upper price segment, the APS vendors with small and medium sized customers are more often found in the lower price segment. In many cases, the license fees are determined based on the number of users and the expected business benefits created by the implementation of the APS—measured by KPI improvements The fourth step in the selection process is the assessment of the expected postimplementation effort and the support model of the APS vendor. The efforts—and costs—that are created after the completion of the implementation 4 CHAP 17 The Implementation Process 5 LAYOUT Introduction The APS Implementation Project Modeling Phases of an APS-Project Project Definition Major implementation phases of Project definition Solution design Solution details Execution and deployment Close. 6 INTRODUCTION A successful implementation of the selected APS is the obvious goal of any organization that has . | 2 PART III IMPLEMENTING ADVANCED PLANNING SYSTEMS 3 SUMMARY of Last Lecture In the last decade Advanced Planning Systems became a relatively mature software technology. Many major software vendors—especially the providers of ERP systems like SAP (Dickersbach 2009) and Oracle (Siddiqui 2010)—invested in APS technology and provide now a broad spectrum of APS modules and functionality. In the early phase of the selection process the “strategic fit” of the APS with the targeted planning processes, the industry within which the supply chain is operating (as far as industry solutions are concerned), the budget targeted for the APS implementation project and the planned implementation time may be equally important as the features and functions. The assessment of the APS by these criteria cuts down the number of APS that have to be considered in the subsequent detailed analysis. By that, time and effort for the selection process can be reduced. Typically, the size of the customers of an APS .