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Manufacturing Inventory Management: The Manufacturer’s Guide

Unleashed

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. It refers to the process of purchasing, storing, and tracking the various goods required to build a product. In this manufacturing inventory management guide What is manufacturing inventory management?

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Is It a Good Idea to Invest in Hiring a Purchasing Manager?

Precoro

One should keep in mind that every transaction has an additional hidden cost in labor and overheads, such as the time spent sourcing products, tracking deliveries, matching invoices, and overseeing suppliers. In the article, we look critically at the role of the purchasing manager and discuss how to determine the value of hiring one.

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Dispelling Untruths: 10 Generative AI Myths

Logility

During this time, the same AI tools that underwrite new technologies have been key in improving efficiency and optimizing all areas of logistics and supply chain processes including forecasting, supply planning, inventory management, manufacturing, network optimization, and more.

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How to Build a Digital Procurement Ecosystem in 8 Minutes!

Supply Chain Game Changer

The artist explains: “This work attempts to bring out certain forms and structures by combining organic materials (earth, plants, vegetables, fruit, fish) and manufactured products (a pair of shoes, pigments used to colour the layers). Source: Deloitte CPO Survey 2018. Digitization vs. Digitalization.

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Buy vs Build: How to Get the Best of Both Worlds From Your Last Mile

Locus

Large organizations, often bogged down by complex roadmaps, may benefit from purchasing solutions to maintain innovation pace. Established enterprises with stable IT platforms might lean towards building their solutions for easier integration and change management. Schedule a demo with our experts!

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Just-In-Time Management – How to Manage Inventory in 2024

ThroughPut

The Just-In-Time inventory management approach revolutionized manufacturing forever. Just-In-Time (JIT) Inventory Management, also known as lean manufacturing or the Toyota Production System (TPS), is a strategy that aligns raw-material orders from suppliers directly with production schedules. How Does Just-In-Time (JIT) Work?

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It’s Time to Revisit Vendor Managed Inventory

synchrono

Many manufacturers saw it as a way to reduce inventory levels and costs. For the supplier, VMI was a win, too, because it allowed them to lock in the manufacturer’s business. But VMI came with inherent risks to both the manufacturer and the supplier. Demand-Driven Manufacturing Technology Makes VMI Easier.