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What is Inventory Management?

EMERGE App

What is Inventory Management? Inventory management, in a nutshell, describes your efforts to manage, assess and report on the flow of your stock of goods. You might be using pencil-and-paper, spreadsheets or sophisticated inventory management software to do this. Two Essential Features of Inventory Management Today.

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Changing Mental Models

Supply Chain Shaman

I also had the opportunity to speak at the GHX conference and facilitate a leadership workshop on the required changes for implantable devices. Here are some of the quotes from the workshop I led yesterday that helped me to better understand the industry: “A process born out of chaos is chaos. Medical Device Manufacturer.

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Playing the Beer Game with JDA

BlueYonder

Interestingly, both teams wound up with high excess inventory in the chain. Yet it appears that in most of the world wholesalers and manufacturers still create their own forecast and pay scant attention to any forecasts they get from retailers. Within the teams some tried to ply their supply chain expertise to attain these goals.

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Reshaping Product Lifecycle Innovation: An Inside Look at PTC LiveWorx 2023

Arena Solutions

Since 2015, PTC has hosted LiveWorx , a global forum that brings together manufacturing executives, engineers, product designers, quality leaders, supply chain partners, and other like-minded individuals who are focused on harnessing disruptive technologies to manage uncertainty and transform their business.

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50 expert tips on logistics planning and strategy

6 River Systems

NetSuite has launched a supply chain snapshot feature that’s a central part of any control tower that shows all of your inventory and related transactions with the ability to filter by subsidiary, location, etc. “As for your internal systems, real-time inventory management helps you manage your fulfillment warehouses.

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The Power of Flowcasting: Live Supply Planning Collaboration & Analytics – Part 1

BlueYonder

It’s been a few months since I shared the learnings we’ve garnered from our Collaborative Flow Planning workshop – AKA – The Beer Game. Before we get started, here’s a quick recap of the three key takeaways we’ve learned from hosting our Beer Game workshops: The bullwhip effect is real and cannot be ignored. case/week back order cost).

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The Power of Flowcasting: Live Supply Planning Collaboration & Analytics – Part 1

BlueYonder

It’s been a few months since I shared the learnings we’ve garnered from our Collaborative Flow Planning workshop – AKA – The Beer Game. Before we get started, here’s a quick recap of the three key takeaways we’ve learned from hosting our Beer Game workshops: The bullwhip effect is real and cannot be ignored. case/week back order cost).