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Big data and inventory management

EazyStock

What is big data? All successful businesses use data to develop strategies and review their outcomes. But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. The key for inventory management teams is to know what to do with it! Processing big data.

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How AI is transforming manufacturing Part 2: Inventory management

SYSPRO Smarter ERP

Companies struggling to manage their supply chains often lack data for decision making, have siloed systems and inefficient inventory management practices. Inventory management in the supply chain. Effective data management. AI in inventory management. Tracking issues.

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Top 8 Applications of Artificial Intelligence in The Supply Chain

3PL Links

Supplier management Artificial intelligence can help you manage suppliers more objectively and efficiently. The finest relationships for your business are identified by developing decision models based on multiple criteria and accessing useful data through algorithms.

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How AI and Machine Learning Changed Procurement Management

CLX Logistics

From streamlining sourcing and supplier management to optimizing contract negotiations and spend analysis, AI and ML offer various capabilities that can revolutionize procurement management operations and drive sustainable value creation.

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ERP addresses the challenges of Make to order manufacturers

SYSPRO Smarter ERP

To manage this the client maintains a pool of suppliers with a primary supplier and some ‘hot’ suppliers. MRP manages the spread of demand across the suppliers. Managing demand The MTO sector is characterised by high variety and lower volumes, with limited visibility into future demand.

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Coronavirus Series – Inventory Management Challenges & Solutions

EazyStock

It also offers improved efficiencies and powerful data insights, providing a wealth of functionality to help during these difficult times. The era of using spreadsheets to run reports and analyze data is over. It’s now time that inventory management teams did the same. Adding Qualitative Insights.

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Inventory Carrying Costs & How They Impact Profitability

EazyStock

In this blog, we’ll take the four types of carrying costs in turn and understand their real impact on your bottom line. Inventory service costs. Inventory risk costs. Each cost can have a serious impact on the profitability of your inventory, eating away into the profit margins of every item you sell. Capital costs.