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As a busy inventory manager, if you’re using your enterprise resource planning system (ERP) for planning and reordering, you’re probably...
How ERP add-ons can add value to your current system’s functionality Enterprise Resource Planning (ERP) systems have become essential business...
The advantage of working in a business for a long time is that you know it inside and out. However,...
Smart inventory managers plan for Chinese New Year (aka Lunar New Year) many months before the event. The more prepared...
We know it’s stating the obvious, but if suppliers can’t fulfill your orders, you can’t meet customer demand. If you...
What is ABC analysis/ABC classification? Inventory management teams use ABC classification (also called ABC analysis) to help identify the most...
The effects of COVID-19 on global supply chains hit the shipping industry hard, with displaced containers blocking ports and causing...
For businesses that carry non-perishable goods, it’s tempting to order and carry surplus stock to help meet market demand and...
What is demand forecasting? Demand forecasting is the process of predicting future customer demand for your products to help with...
As global supply chains become more complex, disruption in one link can significantly impact other areas. Therefore, it is essential...
Having enough stock to meet demand is fundamental to stock-holding businesses. Running out of stock leads to lost sales and...
This post focuses on inventory planning and optimizing stock levels during periods of supply chain disruption and erratic customer behavior....
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