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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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What Lessons a Table Fable Teaches About Supply Chain Orchestration

Logistics Viewpoints

Even if this retailer had used AI to forecast my purchase, AI that creates a perfect plan but fails to execute it only results in a highly-efficient silo, as Northeastern University professor Nada Sanders says. It’s not enough to make a model table for a website or a showroom. Planning was effective in this case, execution failed.

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The four steps to supply chain readiness

crisp

One of the big catalysts for change right now is the acceleration of data and analytics in supply chain management. A recent survey of procurement leaders showed a 15-20% increase in ROI when using data and analytics to make decisions. That same survey showed that up to 50% of procurement teams’ time was spent looking for data.

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What is Inventory Management Software and How Does It Work?

Unleashed

It helps companies track and manage inventory items, customer orders, and inbound deliveries to bring costs down and improve overall efficiency. In manufacturing, inventory management software is also used to track parts, raw materials, and production documents – such as a bill of materials and work orders – through the supply chain.

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6 Critical Supply Chain KPIs!

Supply Chain Game Changer

Supply chain key performance indicators and metrics are ways in which someone can quantify the performance of their company’s supply chain to gain a better understanding of its strengths and weaknesses. Amazon is an example of a service that guarantees very quick lead times for customers with its 2 day shipping for Prime members.

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2023 holiday report: data-driven strategies to make the buyer’s nice list

crisp

Inflation and economic uncertainty loom large , directly influencing consumer purchasing behavior. Consumers are undoubtedly becoming more cost-conscious , but how can businesses leverage this shift to their advantage? And how can brands effectively prepare for the year’s most crucial shopping season?

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OMS vs ERP: What’s the Difference?

Unleashed

An enterprise resource planning (ERP) system is a software solution that integrates and manages various parts of your business, such as sales, finance, marketing, planning, human resources, and procurement. An ERP system is designed to manage back-office processes, such as production scheduling , material planning, accounting, and reporting.