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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!

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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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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. Identifying and Managing Critical Stock.

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2023 supply chain and logistics management trends

EazyStock

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. ABC/XYZ analysis can help identify the most valuable items to your business.

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2023 supply chain and logistics management trends

EazyStock

If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers. ABC/XYZ analysis can help identify the most valuable items to your business. Supplier management. Supplier ranking.

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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. ABC analysis or more sophisticated inventory classification techniques will help identify which stock items you should hold more of and those that should either be carried in smaller amounts or not at all.