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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. How Inventory Optimization Software Works.

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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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How AI and Machine Learning Changed Procurement Management

CLX Logistics

At the heart of these challenges lies the need for advanced tools and technologies to drive innovation, enhance decision-making, and unlock hidden value within procurement processes. ML algorithms enable predictive analysis and decision-making, while NLP algorithms enhance communication and data analysis capabilities.

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What Makes a Truly Agile and Resilient Supply Chain?

Logistics Viewpoints

It is possible, today, to find technology providers that offer true supply chain orchestration that emboldens companies instead of leaving them at the mercy of data. Real-time analysis of integrated data spanning customers, partners and suppliers will lead to outcomes that better match supply and demand while containing costs.

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Cost To Serve – A Smarter Way to Improved Supply Chain Profitability

Logistics Bureau

Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. If profits start to decline afterwards, your CTS data can offer valuable information about what changed and how to get back on track.