Economies and subsequent demand for products is constantly changing and evolving
. However, not all aspects of technology are moving as fast as these changes. One prime example is how inventory replenishment needs are calculated. Yes, there are dozens and even hundreds of applications and processes for all types of planning needs. These include:
- MRP for manufacturing
- DRP for Distribution
- Promotional Planning for Retail
- Parts planning for MRO and Aftermarket Service Parts
Individually, these solutions may do a good job of managing a specific inventory need but today businesses have morphed into multi-faceted, multi-customer facing companies. At the start or top is manufacturing, which feeds all other outlets like distribution and retail.
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