This blog defines and compares the three most commonly used inventory control policies. It should be helpful both to those new to the field and also to experienced people contemplating a possible change in their company’s policy. The blog also considers how demand forecasting supports inventory management, choice of which policy to use, and calculation of the inputs that drive these policies.
Artificial Intelligence has come a long since it’s early inception. Many advances have been since then that have defined how AI is used and understood. AI is still in it’s infancy but will continue to grow in use and democratization.
Ohio Mulch, a successful landscape supply company, wanted to upgrade their existing Dynamics NAV platform and trusted BCS to complete the rapid migration.
We’re putting together a dual-themed Microsoft Teams meeting for our first GPUG meeting of 2021 on February 18th. The plan is to gather together a few GPUG All Stars to talk to you about GP and Business Central (BC).
On this Cloud Wars Live podcast, Sean Ammirati and I discuss what’s next in 2021, including Disney vs. Netflix and Walmart vs. Amazon.
Even in normal times, good inventory hygiene suggests that you continuously update your inventory control parameters: reorder points, order quantities, safety stocks, mins, maxes, lead times. Beyond that, you should be updating your inventory strategies, such as adjusting the target service levels or fill rates for every item you hold. That’s the “should.”
In this blog, we review 10 specific questions you can ask to uncover what’s really happening at your company. We detail the typical answers provided when a forecasting/inventory planning policy doesn’t really exist, explain how to interpret these answers, and offer some clear advice on what to do about it.
The pandemic of 2020 has brought digital transformation and critical decision making to the forefront. The speed of executing on a decision was increased, but many feared that the trade-offs between speed and quality would be detrimental. However, if big-bet decisions were made coupled with high velocity and high quality, then the payoffs were hugely beneficial in many areas.
We work with many customers in many industries to connect our advanced analytical, forecasting, and inventory planning software to their ERP systems. Despite the variety of situations we encounter, some data-related problems tend to crop up over and over. This blog lists ten tips that can help you avoid these common problems.
Today we discussed what it takes to become a Solution Architect.
We will walk through the steps from the perspective of a Non-Technical person trying to start a career as a Microsoft Dynamics 365 Solution Architect.
The cloud database market is being upended by a new breed of providers, led by Snowflake but there are many others.
Good post from Cognizant on CIO Magazine website, but way too many ads on the linked page. Analyzes how CIOs, VPs of infrastructure, and other IT leaders are tasked with modernizations under enormous pressure with some ideas to help.
Setting a target service level or fill rate is a strategic decision about inventory risk management. Choosing service levels can be difficult. Relevant factors include current service levels, replenishment lead times, cost constraints, the pain inflicted by shortages on you and your customers, and your competitive position. Target setting is often best approached as a collaboration among operations, sales and finance. Inventory optimization software is an essential tool in the process.
The true indicator of the full potential of Snowflake is its 240% growth rate for contracted future commitments from customers.
I had to link to this post from Kylie Kiser–it made me laugh, and think, as she describes how we all love Dynamics, but specific things are “weird” like addresses, activities (specifically security) and connections. Well done Kylie and thanks for posting!
Looking at ways to improve cloud security remains a top priority for businesses. IBM Security recently announced a plan to use Amazon Web Services (AWS) to enhance cloud infrastructure security for hybrid environments.
Inventory management is not a squishy area where success can be described in vague language. Success here is a numbers game. There a number of key performance indicators (KPI’s) available to you, including Service Level, Fill Rate, Inventory Turns, Inventory Investment, and Inventory Operating Cost. Companies differ in the importance they assign to each metric such, but you can’t win without using some or all of these to keep score.
For cloud vendors, the battle for supremacy in industry-specific clouds will be the most intense due to the massive future revenue potential.
Safety stock is a critical component in any system of inventory management. Indeed, some inventory software treats safety stock as the key decision variable in the quest to balance inventory cost against item availability. Unfortunately, that approach is not the best way to strike the balance.
By Keith Sayer, May 27, 2020Have you heard about the benefits of the VLOOKUP function in Excel but are having…
