All posts tagged: procurement planning

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Forecast-driven purchasing ERP dashboard for inventory planning
July 29, 2025 ERP, PURCHASING & SUPPLY CHAIN Comments Off on Stop Buying Based on Sales. Start Buying Based on Forecasts.

Stop Buying Based on Sales. Start Buying Based on Forecasts.

You're Not Running a Casino—So Why Gamble With Your Inventory? As a consequence, if your purchasing team is still placing orders based on past sales, it's time to shift to forecast-driven purchasing instead, you’re not just guessing—you’re risking. One week of strong sales can trick you into overstocking the next. A short dip might cause [...]
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accurate demand forecasting for purchase orders in ERP
July 25, 2025 ERP, PURCHASING & SUPPLY CHAIN Comments Off on Why You Should Never Place a PO Without Accurate Forecasts

Why You Should Never Place a PO Without Accurate Forecasts

Accurate Demand Forecasting Matters More Than Ever Accurate demand forecasting is one of the most important tools for avoiding stockouts, cash flow issues, and excess inventory. You know that sinking feeling when your warehouse is full of products that no one wants—while your top sellers are on backorder? That’s exactly what happens when you place [...]
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