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Components of SupplyChain Planning . The chance of producing and stocking sufficient inventory improves when you accurately forecast demand for a product. . Supplychain planners look carefully into historical customer behavior, sales, market conditions, and other factors to effectively forecast the demand. .
Reduced inventory: A manufacturing execution system updates inventory records with new production so that purchasing, shipping, and planning departments always know exactly what material is available. This saves manufacturing, transportation, storage, and inventory monitoring costs.
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