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EOQ Calculation – An Inventory Management Tool

SCMDOJO

There are several strategies for inventory management but the most important strategy for order quantity is Economic Order Quantity/ EOQ Calculation. The overall business performance is dependent on effective Inventory Management, Operations Excellence, Profitability, and Growth. What is Inventory Management?

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What Is an Inventory Management System & Its Role in Omnichannel Fulfillment?

GlobalTranz

Supply chain leaders often interchangeably refer to both a warehouse management system and an inventory management system as one and the same. The post What Is an Inventory Management System & Its Role in Omnichannel Fulfillment?

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The Ultimate Buyer’s Guide for Inventory Management Software

ThroughPut

No matter what you do, it feels like your inventory is conspiring against you: always too much or too little, and it’s not just by chance that you find yourself in this familiar predicament. You’re likely here for one of two reasons: One, your inventory management strategy desperately needed an upgrade…yesterday.

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Best Inventory Management Software for Enterprises in 2024

ThroughPut

No matter how familiar you may be with managing inventory manually or using multiple disparate systems, it’s not the most effective approach—especially when Artificial Intelligence (AI) and Machine Learning (ML) are already delivering phenomenal results across various other industries.

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Elevating Inventory Management with Multi-Echelon Inventory Optimization

Logility

All these outcomes from multi-echelon inventory optimization translate into millions – and in some cases, billions – in working capital freed up from excess stock and carrying costs! The benefits extend far beyond just inventory reduction. And it’s not difficult to get started, as you may think.

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Cash Flow Boost: 3 Way Scheduling for Reducing Holding Costs with Gaurav Khandelwal

The Logistics of Logistics

Gaurav is the Founder and CEO of Velostics , a logistics Software-as-a-Service (SaaS) company specializing in unified scheduling of appointments, dock and yard management and digitizing the gate in/out process for shippers. Gaurav Khandelwal and Joe Lynch discuss cash flow boost: 3 way scheduling for reducing holding costs.

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Online Procurement System: Guide to Choosing the Right Tool

Precoro

Businesses adopt online procurement systems to mitigate risks and to streamline requisitions, approvals, order placement, and spend management. However, with numerous e-procurement software vendors available, choosing the right tool can be overwhelming. Keep reading to learn: What is an online procurement system?