The Lean Thinker

DECEMBER 9, 2022

The work also met every definition of “difficult, dirty and dangerous.” When “trams” (coal carts) were in short supply, for example, the “trammers” would horde carts to optimize their team’s performance at the expense of other teams being limited by the number of carts available.

Modeling Software 259

Modeling Software Optimization Software Expense Reduction ERP 259

EazyStock

JULY 22, 2021

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. Below is an example of the different demand factors that can impact or inflate your normal base demand.

Inventory Reduction 105

Inventory Reduction Inventory Optimization Software Procurement Solutions 105

SYSPRO Smarter ERP

NOVEMBER 3, 2021

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.

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 105

EazyStock

OCTOBER 20, 2020

Firstly, let’s get a few definitions: What is inventory control? Trends: Product demand is influenced by fashion, technology, social, economic and legal factors. Look out for such trends in your historical demand data and adjust your forecasts accordingly. Many ERP and WMS systems will use one of these approaches.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

Talking Logistics

DECEMBER 3, 2018

There is so much talk, and varying interpretations, about digital transformation, that I began our discussion by asking Roger for his definition and what he sees as the current adoption rate. For example, when a customer wants to buy something from you, they send you the order with a purchase order number. They don’t have that today.

Digital 60

Digital Supply Chain Planning Software Supply Chain Software Procurement Solutions 60

Ship Monk

SEPTEMBER 19, 2022

Holding cost (or carrying cost) by definition, is the cost of holding inventory in a warehouse until it is sold or removed. By itself, carrying cost may not tell you much, but when tracked over time it can identify trends that affect your bottom line. Identify trends and generate reports for more accurate forecasting.

Inventory Reduction 52

Inventory Reduction Cost Reduction Purchasing Skills Inventory 52

EazyStock

MARCH 4, 2021

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.

Optimal Sourcing 59

Optimal Sourcing Inventory Reduction Inventory Optimization Software 59