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Inventory Replenishment Strategies that Increase Profits

EazyStock

What is Inventory Replenishment? Inventory replenishment is the process of moving stock items along the supply chain to ensure inventory levels are sufficient to cover demand. Effective inventory replenishment processes ensure that order fill rates can be achieved while keeping inventory carrying costs under control.

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Automatic Replenishment: Everything You Need to Know

Conger

Want to learn about automatic replenishment? Keep reading to find out: What automatic replenishment is How it works Who can benefit from it Its advantages and disadvantages The different types Best practices for choosing a system and vendor And lots more! Table of Contents What Is Automatic Replenishment? Let’s dive in!

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Robots Take Center Stage at MODEX 2024

Logistics Viewpoints

Examples of Supply Chain Robots at MODEX 2024 Several exhibitors at MODEX 2024 showcased their innovative solutions for supply chain robotics, demonstrating the diversity and potential of this field. Here are some of the examples that caught our attention.

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Inventory Management vs. Warehouse Management

The Logistics of Logistics

So, as an example, the IMS tracks and reports that there are 30 widgets in Warehouse A, 25 in Warehouse B, 48 in Manufacturing Plant A, and so on. An example would be scanning a pallet ID and location barcode to confirm that the pallet with the ID of 123 has been putaway location 456, for example.

Inventory 273
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The Micro-Fulfillment Opportunity with Julien Seret

The Logistics of Logistics

Example: a micro-fulfillment company that is using 100,000 square feet can reduce the space used to 15,000 square feet. Robotic functions, including storage, retrieval, inventory, sortation, returns/replenishment, buffering capabilities, and workstations, etc. The system is extremely dense and is completely scalable. Attabotics.

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Fresh Demand Planning: How AI Empowers Retailers

Logistics Viewpoints

Another example of data normalization is accounting for lost sales due to stockouts or waste of perishable products due to overstocking of inventory. Similarly, when the weather is warmer than normal, and we stock out of chocolate ice cream, that impacts both future forecasts and the replenishment plan for the following week.

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Making Supply Chain Planning Agile With Modular Planning Technologies

Logistics Viewpoints

In this blog, I’ll try to shed more light on it with examples from our work with our customers. Think of the Lego as the ultimate example of a composable toy. Examples of Composability in Supply Chain Planning Platforms. Here are some real-life examples from the trenches to demonstrate what I mean by flexibility and modularity.