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The role of inventory management and inventory optimization in ERP

SYSPRO Smarter ERP

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. That is why the role of inventory management is so important — to balance the needs of the business to hold inventory against the costs it entails. The role of inventory management.

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2021 Strategies for Inventory Management and Supply Chain Recovery

EazyStock

You already know the biggest supply chain disruption of 2020: the COVID-19 pandemic. A vaccine won’t magically eradicate the coronavirus; instead, it will take the vaccine coupled with additional widespread safety measures to usher in a ‘new normal’ – optimistically, by Q3 of 2021. But ‘back to normal’?

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Re-imagining inventory management for a new normal

SYSPRO Smarter ERP

Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a re-assessment of practices and KPIs in order to keep goods flowing in a predictable and manageable way.

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2023 supply chain and logistics management trends

EazyStock

The supply chain world has been rocked repeatedly over the past few years due to global issues such as the Covid-19 pandemic, shipping container shortages, catastrophic weather events, and socioeconomic issues – many outside our control. This will also enhance customer experience as you’ll have enough stock to meet customer demand.

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2023 supply chain and logistics management trends

EazyStock

The supply chain world has been rocked repeatedly over the past few years due to global issues such as the Covid-19 pandemic, shipping container shortages, catastrophic weather events, and socioeconomic issues – many outside our control. Supply chain issues. Improving forecast accuracy. Getting the basics right.

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Demand forecasting challenges – how to deal with fluctuating demand

EazyStock

It’s been over two years since the far-reaching effects of the Coronavirus pandemic on global supply chains started to take the world by surprise. Without consistent and reliable demand data, it’s difficult to generate a baseline forecast. Consequences of poor demand forecasting.

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The Hidden Cost Of COVID And How To Manage

Blue Grace Logistics

In freight, major supply disruptions have turned trucking on its head. An unprecedented demand on last-mile delivery quickly replaced initial slowdowns. Driver detentions exacerbate the current bottleneck issue at ports caused by empty containers being returned to Asia unfilled, due to demand flow. Shipping demands are up.