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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. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.

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Going digital: B2B eCommerce and what it means for manufacturers and distributors

SYSPRO Smarter ERP

It’s a strategic move you’ve likely pondered over countless meetings and budget reviews. As recently as 2021, survey data reveals that 98% of manufacturers have, are, or are planning to implement an eCommerce strategy. There’s also the lingering concern: “Are we just too late to the game?”

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Editor’s Choice: 5 Steps to Creating a Profitable Same-Day Fulfilment

Logistics Viewpoints

According to a survey by Gatepoint Research, 40% of retailers are focusing on this as one of their 2022 priorities. Step One: Right Inventory in the Right Location. In order to meet customer needs, retailers need to understand their customers’ expectations better. Step Two: Enhance the Shopper Experience.

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How To Reposition Inventory to Better Respond To Natural Disasters

Camelot 3PL Software

But it is possible to reposition inventory to better respond to such events. When inventory has been pre-positioned in readiness for disasters, it can support the third-party organizations that respond and assist communities. It may be impossible to ensure your business or organization is entirely natural disaster-proof.

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Top 5 manufacturing CFO priorities for 2022

SYSPRO Smarter ERP

We recently surveyed CFOs and finance executives in the manufacturing and distribution sectors to study how the pandemic has impacted their businesses. Among key insights , we learned that finance leaders are realigning their 2022 priorities to meet changing business needs. At 40%, managing working capital (vs.

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How to Reduce Shipping Costs with LCL Shipping in the Post-Pandemic World

MTS Logistics

Recent market insights found the following: “According to a latest global shipper survey, 75% of shippers who use LCL plan to continue or increase it in 2023. Shippers can move only the inventory they need to meet demand instead of wasting unnecessary time filling a 40-foot container. Diversify the shipping portfolio.

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The Power of Purchase Order Collaboration: A Game-Changer in Managing Direct Spend

Logistics Viewpoints

A recent report says that more than 77% of companies said, in a survey, that they are investing in deeper and more collaborative supplier relationships to improve resilience and agility. Consequences of Lack of PO Collaboration Capabilities Failure to prioritize PO collaboration can lead to severe consequences for companies.