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How to create a reliable supply chain with effective forecasting and inventory management

SYSPRO Smarter ERP

Charged with this critical task, the purchasing department can leverage its Material Requirements Plan (MRP) to stay abreast of what’s needed, how much and when. MRP runs this information through a series of algorithms and then makes suggested recommendations for what to buy, how much, when and from which supplier.

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Is Your Problem Technical or Adaptive?

The Lean Thinker

To cut to the chase, I ended up learning how to spell “anterior cruciate ligament” and later on how to spell “arthroscope.” Trying Technical Solutions on Adaptive Problems An organization had a culture of working around their ERP / MRP system. A new ERP system is a prime example. Whose Work Is It?

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. For example, you can be doing finance in supply chain, or you can be doing operations. APICS, for example, runs some really good supply chain and logistics programmes. Marketing Yourself.

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Boeing: The Turning Point(s)

The Lean Thinker

“You guys are showing me how to run a business if I end up starting one.” had introduced the theme “Working Together” to describe how they were going to involve key customers, like flight-line mechanics from United Airlines, directly into the process of specification, design, and testing.

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Bill of Materials Inventory management: How to improve BOM forecasting and planning

EazyStock

An example of a BOM-dependent forecast would be for the components that make up a fountain pen. An example here could be when stationery items are sold in a writing set, but also sold on their own. The post Bill of Materials Inventory management: How to improve BOM forecasting and planning appeared first on EazyStock.

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Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

GlobalTranz

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. These are based on my 40 years working in operations at Schwinn and other companies as well as consulting many companies on how to select the best 3PL for my client's needs. A Focus on Inventory Control Begets Warehouse Cost Reductions.