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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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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.

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What is Fleet Management | A Complete Overview Guide

Conger

Introduction to Fleet Management Fleet Management Definition Businesses across all sectors depend on commercial vehicles to transport people and products daily from cross-country delivery services to your neighborhood gas and oil provider. The software centralizes data, provides real-time information, and automates tasks.

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Digital Supply Chain: Are You Transformation Ready?

Talking Logistics

Let’s begin with a definition of what digital transformation really is. According to Adam, “Digital transformation is about becoming a truly data-driven company and taking the steps to access, make use of, and control the data in your company so you can actually control your future and the decisions you make.”.

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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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6 Inventory Control Techniques for Stock Optimization

EazyStock

Firstly, let’s get a few definitions: What is inventory control? This keeps the data clean and easier to use for forecasting going forward. Trends: Product demand is influenced by fashion, technology, social, economic and legal factors. Many ERP and WMS systems will use one of these approaches.

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This Week in Logistics News (February 25 – March 4)

Logistics Viewpoints

And while this definitely points to an industry making strides, a recent Procurious survey found that 75 percent of women in supply chain experience gender-based adversity. That trend, along with technological advancements, gave FedEx incentive to overhaul its Express unit’s network in a bid for long-term savings.