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How AI is transforming manufacturing Part 2: Inventory management

SYSPRO Smarter ERP

To track and report the data, each form of inventory necessitates database management software and specialized methods. It is getting harder to track every item in the inventory and to get relevant analysis out of it. Supplier management. Tracking issues.

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Big data and inventory management

EazyStock

But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated.

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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. Among the fixes are: perform preventive analysis for a more precise specification of the delivery timetable; determine more efficient routes by accounting for various delivery volumes; utilizing autonomous devices.

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Coronavirus Series – Inventory Management Challenges & Solutions

EazyStock

In this four part blog series we discuss how inventory management teams can use inventory optimization to help deal with the impact of the Coronavirus in the medium and long term, focusing on demand forecasting, supplier management and inventory planning. It’s now time that inventory management teams did the same.

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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.

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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.