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Lean versus EOQ? What’s best for your organization?

Kinaxis

It doesn’t matter if you’re a technician working on the shop floor or an executive in the board room, if you’re in the business of manufacturing then this is a conversation you’ve had before. Lean relies on minimization of, among other things, lot sizes, inventory and waiting. of that plan. The post Lean versus EOQ?

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Contracts, Cancellations, and Closures: Persistent Trends Leave a Pre-Peak Season Logistics Industry on Edge

Intelligent Audit

So the shortage will continue, but for some sellers, the problem will be too much inventory.”. following an ACT Research Seminar, Eaton said of the chances of a strong recession, “ It could arise from seeing another oil price shock. After Eighty Years of Business, Family-Owned Colonial Freight Systems Announces Shut Down.

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26 warehouse pros reveal the most important factors to consider when moving to an automated warehouse

6 River Systems

Not only do you need to select the right equipment , such as collaborative mobile robots , but you also need to evaluate factors like costs, transitioning employees through a period of change, the time it takes to implement and train workers on new warehouse systems and other considerations. Rupy Sawhney. Katie Martinelli.

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10 Issues Keeping Manufacturers and Distributors Up At Night for 2015

GlobalTranz

As we get settled into this new year, we thought we’d share observations from conversations we’ve had with manufacturers and distributors recently. In fact, in order to combat these ever pressing issues and competition, we recently shared our insights on trends for 2015 facing manufacturers and distributors on the Cisco-Eagle Blog.

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Why probabilistic forecasting is better for inventory optimization

ToolsGroup

In this post we’ll explore how probabilistic forecasting not only creates better forecasts, but also improves inventory optimization by improving the stock levels at store and warehouse locations in your distribution network. Inventory optimization (IO) systems can then use this information to better identify the optimal inventory targets.

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50 expert tips on improving warehouse efficiency & productivity

6 River Systems

Taking a look at your current processes and systems to identify bottlenecks and other concerns, implementing process improvements and making smart technology investments that address your key challenges puts improving warehouse productivity within reach. It’s no use enforcing a new system in one area if something else isn’t working correctly.”

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3 Key Multi-Echelon Inventory Optimization Challenges and How to Overcome Them

Arkieva

When it comes to inventory optimization , companies often have to play a delicate balancing game to ensure that they have optimal levels of inventory. If your forecast numbers are too high, you run the risk of holding costly excess inventory and reducing available cash on hand. in multi-echelon inventory optimization.