The Overview: Infor ERP and Inventory-Based Enterprises

Recently, we’ve been covering some of the leading ERP solutions for inventory-based businesses. So far, we’ve looked at solutions like Dynamics 365, NetSuite, SAP, and Epicor, which are all industry-leading solutions with massive market share. Continuing this trend, we’re discussing a unique solution today: Infor. While Infor doesn’t necessarily have the same market share as […]

Epicor and Inventory-Based Enterprises, Part Two

This post is a continuation of Epicor and its relationship to inventory-based enterprises. Please see part one, which covers Epicor basics and demand planning. Epicor Inventory & Operational Analytics Inventory Optimization & Control This is the bulk of what most of you are here to read about. Retail businesses alone shed over $1 trillion in […]

The Overview: Epicor and Inventory-Based Enterprises

Inventory management — which involves end-to-end visibility across inventory, facilities, and transportation — is the single most critical component of the supply chain for inventory-based businesses. Yet, despite almost every supply chain manager practicing inventory management strategies, inventory-based businesses are still losing trillions of dollars due to stock-outs and overstock annually. Something isn’t working. Those […]

Inventory Forecasting Within Microsoft D365 and Business Central

Inventory control is the table stakes of supply chain management for 3PLs and distributors. At the end of the day, despite whatever pressures or short-term challenges are weighing on your supply chain, predicting inventory demand and managing inventory loss is your single most important responsibility. Here’s the problem: historical accuracy rates for inventory management stand […]

How to Best Understand Stock Planning

Stock planning is a concept that involves more than just maintaining adequate quantities of certain goods in the warehouse. It involves analyzing how your enterprise handles goods at every single stage of the supply chain. It’s an integral part of controlling costs and maintaining efficiency throughout an enterprise. Therefore, it’s critical for supply chain managers […]

The Best Inventory Planning for Your Needs

Inventory is a precarious aspect of every company. The need to assess demand and supply curves is critical in advising the need for inventory in manufacturing and warehousing, hence the need for inventory planning to address these and other top inventory concerns. Types of Inventory An appropriate and effective inventory plan starts by factoring in […]

Why You Need an Accurate Inventory Forecasting Approach

The greatest challenge faced by startups and established businesses with physical goods on hand, is stock and inventory management. While entities may tie up staggering amounts of capital in inventory, most still fail to track their merchandise or still leverage conventional manual approaches. This could lead to many setbacks that may increase wastage and lower […]

Inventory Classification 201

While one of the basic processes in successful inventory management is inventory classification, as we discussed in our Inventory Classification 101 article, there are some additional considerations for practitioners of best-in-class inventory management that can help make sure optimizing your inventory investment. Inventory Classification Fundamentals The fundamentals of inventory classification are always helpful, whether or […]

Inventory Classification 101

Why Classify Inventory? Classifying inventory is one of the most basic, yet essential and strategic parts of inventory management. Classifying inventory allows business owners to focus on items that make the most impact on their business goals while identifying (and potentially removing) items that aren’t contributing to the bottom line, selling or are obsolete. Beyond […]

Excess Stock: When Less is More

Excess stock is part of running pretty much any business that carries inventory. Demands can change quickly, bulk pricing is tempting, supplier minimums can be tricky and there’s more than enough room for human error when forecasting stock manually. In some cases, identifying excess stock is easy (remember those dusty boxes in your warehouse?) but […]

This website uses cookies to enhance user experience and to analyze performance and traffic on our website. By using our site, you consent to the use of cookies in accordance with this Cookies Disclaimer.