Remove Forecasting Remove Metrics Remove Security Remove Warehousing
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Demand Forecasting in the new normal

SYSPRO Smarter ERP

Manufactures are continuously faced with the challenge of forecasting how much (raw material) to purchase and how much (finished goods) to produce. The misalignment can result in multitude of negative consequences such as high warehousing costs, cash flow difficulties, loss of sales, which can lead to permanent loss of loyal customers.

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What is Supply Chain Management? A Guide to Success

SCMDOJO

Planning: This stage involves forecasting demand, setting production schedules, and creating a strategic framework for the entire supply chain. A well-established sourcing strategy helps businesses secure the best quality materials at the most competitive prices.

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Who’s Who in Logistics Department: A Comprehensive Guide to Key Roles

SCMDOJO

The logistics department is the unsung hero of the modern world, ensuring products reach their destination promptly and securely. From the warehouse manager to the transportation coordinator, each role in the logistics department contributes to the smooth flow of deliveries. But who are the key players behind the scenes?

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7 Cash Flow Metrics & KPIs You Should Be Tracking

Unleashed

To stay on top of your financials, there are a few key cash flow metrics and KPIs you can track that will help you make the right decisions and avoid insolvency or liquidation. Learn more: Inventory Accounting: A Video Guide for Accountants & Advisors What are cash flow metrics? Why is it important to track cash flow metrics?

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Until AI Can Solve this One Simple Task, I Wouldn’t Worry About It

Logistics Viewpoints

However, AI’s inability to solve the very limited problem of ensuring that inventory is located in the right place in a warehouse suggests that planners don’t have to worry too much about job security. It also suggests that the total value delivered by AI will be more limited than consultants from McKinsey are forecasting.

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How warehouse management can enhance the value of your ERP

SYSPRO Smarter ERP

However, for companies with extensive inventory and warehouse facilities, integrating a Warehouse Management System with their ERP system can bring additional value. What is a Warehouse Management System? A Warehouse Management System (WMS) plays a vital role in efficiently managing inventory within a warehouse.

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AI in the Retail Industry: Benefits, Case Studies & Examples

ThroughPut

Every aspect of operations, be it managing the inventory, forecasting demand or fulfilling orders was dependent on human wisdom and intuition. Real-time visibility was lacking, be it in warehousing or transportation, due to which delivery delays were common. Besides, AI is helping retailers optimize inventory, warehouse and pricing.