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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. There were places where I would be in over my head.

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

Certified Supply Chain Professional : Learn how to develop streamlined supply chain operations. And don’t be afraid to ask their advice on how to start out in the industry. They will accept or reject products, recording the reasons for the decision and making suggestions on how to streamline the process. Marketing Yourself.

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

EazyStock

By connecting EazyStock to your ERP or MRP, it can calculate the demand forecasts for every item in a BOM, exploding them down from the finished item to the smallest nut and bolt. The post Bill of Materials Inventory management: How to improve BOM forecasting and planning appeared first on EazyStock.

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A Guide to the Benefits of a Bill of Materials (BOM)

EazyStock

A MBOM also includes information on the individual items, how they relate to each other and instructions on how to assemble them during the production process. Sometimes a SBOM will also include information on how to carry out the service job. Read our post “ How to improve BOM forecasting and planning ” for more information.

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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.” On the down side, their orders are still ERP / MRP generated, and they have yet to integrate their internal supply chains with pull. They knew what to do, they knew how to do it. This was my reflection at the time. There was a sense of purpose.

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How ERP can help the automotive parts and accessories industry in a post-COVID world

SYSPRO Smarter ERP

The industry needs to examine how to adapt key elements of the business value chain to address these changes. This includes: freeing up cash by effectively planning and ordering raw materials and parts with MRP (Material Requirements Planning) when needed rather than holding just-in-case stock. This means lower demand as well.