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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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Is A Customer-Centric Strategy the Same as Demand-Driven? Outside-In?

Supply Chain Shaman

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. In 2012 I built on these concepts to define the market-driven value network.

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Save The Supply Chain Leader From Groupthink

Supply Chain Shaman

Inventory Is an Egregious Symptom of Supply Chains Gone Wrong. Today, inventory fire sales abound. Headline news included Wal-Mart, Target, Kohl’s and Macy’s struggling with inventory bloat and offering deep discounts. Wall Street Journal Headline on Retailers Using Containers to Store Excess Inventories. My take away?

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Supply Chain Performance Declined In the Last Decade. The Question is Why?

Supply Chain Shaman

Rise in Inventories. Less Effective at Inventory Management. Inventories grew twenty days over the decade. Yes, companies held more inventory (measured in days of inventory) in 2019 than at the start of the 2007 recession. Sadly, most of it is the wrong inventory. Despite spending 1.1% Alignment Barriers.

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The Role of Digitisation and Analytics in Supply Chain Resilience

The Logistics & Supply Chain Management Society

Therefore, a strategy for resilience is necessary to meet the changing demands of consumers and ensure sustainable growth. Although supply chain managers have traditionally minimised the number of suppliers in their network to reduce operational and logistical complexity, this strategy is not equipped for unexpected disruptions.

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Eliminate Waste In Your Warehouse With Mobile Data Collection

RFgen

Mobile data collection can help companies better manage their inventories to eliminate excess. Here are three ways mobile data collection will help your company eliminate waste in your warehouses: 1. Cut Out Anti-Productive Processes. Reduce Excess Inventory. Better Identification of Waste. ” 3. .

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Eliminate Waste In Your Warehouse With Mobile Data Collection

RFgen

Mobile data collection can help companies better manage their inventories to eliminate excess. Here are three ways mobile data collection will help your company eliminate waste in your warehouses: 1. Cut Out Anti-Productive Processes. Reduce Excess Inventory. Better Identification of Waste. ” 3. .