Many businesses have to deal with the problem of buying product in one unit and selling it in another. It’s one of those items of ERP functionality that you don’t think of – unless you are in a business where it’s a necessity.
It’s springtime again and my favourite time of year, Christmas is now a distant memory and seeing the parks and road sides awash with vibrant colour is both up-lifting and motivating. It reminds me that it’s time to review the art of the possible and strive to keep my eyes open to the opportunities that the season brings.
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Many organizations, regardless of industry sector or geographical location, find themselves in a comfort zone when it comes to managing their inventory. A high percentage continue to use Material Requirements Planning (MRP), and some even use spreadsheets for their planning, despite having expensive systems in place. The problem is that MRP was developed at a time when businesses could use static demand forecasts over an extended time period to allow for long production runs. In the modern world, long runs are rare and demand can be highly variable.