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6 Inventory Control Techniques for Stock Optimization

EazyStock

There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control? Read our blog on demand forecasting accuracy for more details. Many ERP and WMS systems will use one of these approaches.

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The difference between Business Intelligence (BI) and ERP?

SYSPRO Smarter ERP

How does BI differ from ERP? ERP systems essentially integrate all the disparate functions within your business and overcome the so-called ‘silo mentality’ by creating a single, centralized data architecture. The ERP software collects, stores and manages data relating to business activities. What’s Your Business IQ?

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KPIs to assist manufacturers and distributors with supply chain challenges

SYSPRO Smarter ERP

This is usually accomplished by using statistical sampling of all incoming materials that can produce charts to show the quality trends over time. This is best done using an ERP system, where different steps of the manufacturing chain – order management, production, fulfilment, etc. – Manufacturing KPIs.

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8 Best Inventory Demand Forecasting Techniques

EazyStock

But first – let’s get a definition: What is inventory demand forecasting? Historical data trends and market knowledge of how demand can fluctuate are often used to forecast inventory demand. Identify trends. Inventory Demand Trends. Items will also follow demand trends as they move through the product cycle.

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How to Improve Inventory Turnover with Inventory Optimization

EazyStock

This post will explain how, but first, let’s deal with a few simple definitions. Most items in the growth stage will experience an upward demand trend. Secondly, you should identify items with seasonal demand patterns and market trends and again fine-tune the forecast. The Importance of Improving your Inventory Turnover.

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The drive to onshore Australian manufacturing

SYSPRO Smarter ERP

While the concept of reshoring, also known as onshoring, has been a growing trend over the past decade, when the pandemic hit it introduced risk in a way that wasn’t previously considered. Down under, a drive to reshore Australian-made goods has become a definitive part of the Albanese Labor Government’s ‘Buy Australia’ plan.

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Supply Chain Management:Gamification - An EAM perspective

Infosys Supply Chain Management

View all Infosys blogs. The Infosys global supply chain management blog enables leaner supply chains through process and IT related interventions. It would go a long way in brand building, bringing down training costs, though the initial set up cost would definitely be higher. Business Assurance: Supply Chain Blogs.