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Leveraging the power of ERP to optimize inventory management

SYSPRO Smarter ERP

On the supply side, constraints such as large manufacturing batch sizes and supplier delivery lead time force organizations to hold some raw materials or components in stock to deliver products to customers. The system also helps maintain optimal levels of stock by integrating the needs of staff, customers and suppliers.

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How manufacturers and distributors can improve inventory management

SYSPRO Smarter ERP

On the supply side, constraints such as large manufacturing batch sizes and supplier delivery lead time force organisations to hold some raw materials or components in stock so that products can be delivered to customers. Inventory exists because a buffer is needed to balance out the uncertainties between demand and supply.

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Optimize Inventory, Minimize Costs with Log-hub’s New Inventory Optimization App

Log-hub

Tailored for businesses looking to maintain an optimal balance between inventory levels and service quality, this app offers a comprehensive solution to inventory challenges. Next, they define service level targets and any constraints, such as Minimum Order Quantities (MOQ) or batch sizes. STILL CURIOUS?

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IFOY FINALIST FOCUS: robobrain.NEUROS

Logistics Business Magazine

In times of shorter product life cycles and production quantities up to batch size 1, flexible processes place ever new demands on production and material flow for all companies. That’s why the processes are always coming to the fore – the process is actually the core of modern production.

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Cost Reduction in Supply Chains by Opportunity and by Design

Logistics Bureau

Nevertheless, valid cost reductions all obey the same two rules: increase overall supply chain profitability and, at the same time, maintain the right levels of customer satisfaction. Thus, the purchasing team may try to reduce unit prices, without thinking about batch sizes or delivery frequency, causing inventory levels to rise.