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How to Optimize Inventory and Supply Chain Activities with Strategic Plans and Forecasts

This Solution Brief describes how growing organizations leverage Acumatica to harmonize supply with actual and forecasted demand for just-in-time purchasing and production strategies.

How to Optimize Inventory and Supply Chain Activities with Strategic Plans and Forecasts
With Acumatica, inventory-centric businesses can reduce carrying costs, optimize warehouse space, minimize dead stock and inventory write-offs, and collaborate with customers and suppliers to automate supply chain activities.”

Supply chain disruptions and inventory planning issues can mean the difference between large profits or significant losses.

Recent supply chain shortages span industries such as automotive products, baby formula, varied pharmaceuticals, and high-demand consumer electronics. Conversely, several major retailers recently announced serious overstock issues due to poor demand planning or unmonitored automated purchasing.

This information validates the decision many inventory-centric businesses need to switch to a new business management system, which is complicated, disruptive, and costly.

In this Solution Brief, you will learn about varied strategies to manage inventory and production plans based on actual and forecasted demand so you can:

  • Optimize inventory stock levels
  • Minimize carrying costs
  • Implement just-in-time strategies
  • Reduce dead stock

You may also be interested in a related playbook, Mitigate Supply Chain Disruption with Acumatica Cloud ERP. The playbook outlines advanced digital strategies that work in tandem with Acumatica, cloud-based business management technology, to perfect your supply chain.

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