Discover how effective inventory management can significantly impact your business's profitability.
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Tags: inventory optimization, Inventory Planning Solutions, optimized inventory planning
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Tags: Forecasting Inventory, Inventory Planning Solutions, optimized inventory planning
New inventory planning technologies and the Cloud can provide just the right environment for better local and global planning.
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Tags: advanced inventory planning solutions, optimized inventory planning
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New Inventory Planning Technologies and the Cloud can Provide just the Right Environment for Better Global Planning.
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Forecasting customer demand is an important and necessary part of the chain of calculations needed to optimize inventory stocking levels. There are a wide variety of techniques that can be used, making forecasting a confusing and sometimes difficult process. If your goal is to not only forecast demand but also stock inventory at optimal levels, then forecasting must be combined with inventory planning and replenishment optimization algorithms to reach the goals of higher service levels with less inventory.
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Tags: advanced inventory planning solutions, Demand Planning, forecasting software,, optimized inventory planning
There are some distinctions of business purchases, strategic and non-strategic. Strategic purchases are those that have a direct effect on the business and the bottom line. Non-strategic are those for everyday items like office supplies, travel, commodity items, etc. In the case of manufacturing companies, strategic purchases can be raw materials, production equipment, energy, skilled labor, computers, and business operating software.
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Tags: advanced inventory planning solutions, cloud computing, Demand Planning, forecasting, optimized inventory planning
ERP on-board inventory management software offers some inventory management, manufacturing, and purchasing capabilities. However, they are not deep in functionality and do not provide true inventory optimization algorithms. Some do have available multiple location capabilities but again depth and breadth of functionality is limited. Lots of manual work is required to make these systems work as needed.
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Tags: optimized inventory planning, Optimized Multi-Echelon Inventory Planning, inventory plannning