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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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2023 supply chain and logistics management trends

EazyStock

ABC/XYZ analysis can help identify the most valuable items to your business. A key element is setting the right safety stock levels to meet unexpected spikes in demand without tying up unnecessary capital. A key element is setting the right safety stock levels to meet unexpected spikes in demand without tying up unnecessary capital.

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2023 supply chain and logistics management trends

EazyStock

ABC/XYZ analysis can help identify the most valuable items to your business. A key element is setting the right safety stock levels to meet unexpected spikes in demand without tying up unnecessary capital. A key element is setting the right safety stock levels to meet unexpected spikes in demand without tying up unnecessary capital.

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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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Lean Manufacturing Systems: How Mobility Empowers the New “Lean”

GlobalTranz

As a result, many manufacturers have deployed extensive process review and analysis programs to move towards a higher level of lean manufacturing. Most modern manufacturing programs use RFID scanners , barcode scanners, and automated data capture for processing in the manufacturing control platform, asserts an Apriso blog post.

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Inventory Carrying Costs & How They Impact Profitability

EazyStock

In both cases it makes sense to ensure you’re holding the right products in the right volumes to meet demand without carrying too much to take up valuable warehouse space. When profit margins are tight, getting your carrying costs as low as possible can have a significant impact on overall profitability.

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How to successfully implement just-in-case inventory management

EazyStock

It’s critical to find the right balance between meeting demand without over-investing in unnecessary stock. To get precise forecasting, you should combine historical sales or demand data ( quantitative forecasting ) with market knowledge of potential fluctuations ( qualitative forecasting ).