article thumbnail

How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

An enterprise resource planning (ERP) system can automate and provide a systematic approach to creating a forecast from historical data. It provides the facility to analyze forecasting errors, share data between departments such as procurement, identify sales trends and seasonality. Stay Agile, Get Ahead.

article thumbnail

How to Get a Job in the Supply Chain Sector

Logistics Bureau

The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. Certified Supply Chain Professional : Learn how to develop streamlined supply chain operations. And don’t be afraid to ask their advice on how to start out in the industry. Data Managers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Bill of Materials Inventory management: How to improve BOM forecasting and planning

EazyStock

By connecting EazyStock to your ERP or MRP, it can calculate the demand forecasts for every item in a BOM, exploding them down from the finished item to the smallest nut and bolt. Instead, they can use the data to make informed inventory management decisions and refocus their time on managing suppliers and customers. Lead times.

article thumbnail

How ERP can help the automotive parts and accessories industry in a post-COVID world

SYSPRO Smarter ERP

The industry needs to examine how to adapt key elements of the business value chain to address these changes. To manage a global supply chain effectively, manufacturers can predictive technology that can handle and analyze the data coming through the supply chain to ensure businesses remain competitive. This means lower demand as well.

article thumbnail

Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

GlobalTranz

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. These are based on my 40 years working in operations at Schwinn and other companies as well as consulting many companies on how to select the best 3PL for my client's needs. Understand Data Integrity to Reduce Inventory Costs.