Inventory Management in Service Logistics Industry

Talking Logistics

What is Inventory Management? For Manufacturing it’s about carrying zero or minimum inventory. For Logistics the focus is on high inventory turns. Inventory Management is about having a right balance of expectations from different functions of the supply chain.

Inventory Control Techniques for Effective Warehousing

SIPMM Professional Publications

While inventory control refers to “all aspects of managing a company’s inventories like purchasing, shipping, receiving, tracking, warehousing and storage, turnover and reordering.” Inventory control is also important to maintaining the right balance of stock in your warehouse.

Omni-Channel Logistics Leaders: The Importance of Real-Time Inventory Visibility

Talking Logistics

The research focused on the inventory visibility and optimization challenges that companies face today related to omni-channel fulfillment and the actions they should take to elevate their omni-channel performance.

New Year’s Resolution: Save Money by Cleaning up Your Marketing Fulfillment Inventory

Amware Logistics and Fulfillment

New Year’s Resolution: Save Money by Cleaning up Your Marketing Fulfillment Inventory. Marketing Fulfillment

Key Questions for a Successful Distribution Network

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

If we're going to offer the speed of shipping and variety of inventory that today's customers have come to expect, there are a lot of different questions that need to be asked.

With Tariffs In Flux, Digital Inventory Technology Might Be The Solution To Holiday Bloated Inventory Levels

Talking Logistics

The tariff situation has companies in a quandary as they debate whether to “load up” on inventory now — to ward off the impacts of potentially-higher tariffs on imported goods — or hold off for now and hope that the political environment calms and things get to back to “normal.”

Lean Inventory: Using Lean Initiatives To Manage Inventory

Cerasis

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. What is Lean Inventory Management? Attributes of Lean Inventory Management.

Supply Chain Inventory Optimization – Beyond the Analytics

Cerasis

While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. With 7 percent of America’s gross domestic product (GDP) tied up in inventory, reports the 21 st Century Supply Chain Blog , your organization must go beyond the analytics and understand the broad impact of analytics in your company. Better Inventory Management Needs Complete Control.

Excess Inventory? No Problem. You Have Trailers In the Yard.­­

Talking Logistics

With the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, companies can combine flexible storage options with advanced technology to create an end-to-end supply chain solution that works. But even as developers have flooded the market with new inventory, some retailers are still having trouble finding adequate, flexible space. The post Excess Inventory?

Cost Reduction Strategy through Supplier-Managed Inventory

SIPMM Professional Publications

Supplier-Managed Inventory (SMI) is the process whereby a supplier plans, manages and replenish inventory for a customer. The post Cost Reduction Strategy through Supplier-Managed Inventory appeared first on SIPMM ACADEMY.

Take control of your inventory in 5 steps

Damco

Inventory management is a continuous and delicate balancing act between having the right stock on the shelves and not tying up more working capital than is necessary. However, good inventory management is not as straightforward as it seems.

Digital Inventory Management Key Battleground in Transformation of Brick-and-Mortar Retail

Cerasis

As e-commerce growth accelerates, shippers are working overtime to manage available inventory. It catalyzed brick-and-mortar retailers to offer online shopping opportunities, which require much more than manual inventory management practices.

Don’t Take a Holiday from Inventory Management

Talking Logistics

The Importance of Inventory Management. When it comes to inventory management, new trends are demonstrating that less is more. Having less inventory on-hand increases liquidation, allowing for a more agile response to shifting consumer trends. Companies that have too much inventory on-hand right now are struggling to clear out space ahead of the season, slashing prices and concerning stakeholders as profit margins creep downward.

Inventories Continue to Grow

10xLogistics

For those who read this blog regularly, you know a key metric I track regularly is the Inventory to Sales ratio. Finally, we all know inventory ties up working capital, has the problems of obsolescence, damage and shrinkage and consumes resources.

Effective Techniques for Inventory Stock Control

SIPMM Professional Publications

This article highlights five key techniques for effective inventory stock control of an organisation. The common reason of delay shipment is lack of proper planning for inventory stock control. The post Effective Techniques for Inventory Stock Control appeared first on SIPMM ACADEMY.

Supplier-Managed Inventory for Central Kitchen Operation

SIPMM Professional Publications

Every successful food business operates with an effective inventory management system, which is the core of Supply Chain Excellence. The post Supplier-Managed Inventory for Central Kitchen Operation appeared first on SIPMM ACADEMY.

Drones Connect with RFID to Catalog Inventory

Supply Chain and Logistics

A new application from MIT attempts to correct issues of inventory shrinkage ‘in the bins’ as they say. They use a drone to read the RFID tags on items without sending a human out to scan the bins. Watch out … Continue reading → Advanced Computing Logistics Production Operations Supply Chains drones innovation RFID technology warehouses

RFID 100

Warehouse Technologies for Effective Inventory Control

SIPMM Professional Publications

When it comes to inventory control, constant evaluation and adoption of crucial technologies is critical so as to improve profitability and stay competitive. The post Warehouse Technologies for Effective Inventory Control appeared first on SIPMM ACADEMY.

Mega Trends for Inventory Management in 2017

Jayem Logistics

There is total changing of order management in 2017 and this is encouraging new trends in inventory management and distribution. Augmented Reality: It helps online merchants to optimize their Inventory Management.

Five Techniques for Managing Inventory in the Precision Industry

SIPMM Professional Publications

One of the biggest and most important challenges many businesses will face is how to successfully manage and control their inventory. The post Five Techniques for Managing Inventory in the Precision Industry appeared first on SIPMM ACADEMY.

Inventory Forecasts

Logistics at MPEPS at UPV

Forecasting is the prediction of what happens to a given element within the framework of a given set of conditions. The basic objective of a forecast is to reduce the range of uncertainty within which decisions are made that affect the future of the business and with it to all parties involved.

Inventory Checks Powered By Drones

Talking Logistics

Drones are enabling organizations to use employees more efficiently and improve inventory accuracy in a world where consumers want everything cheap and now. Every company on the planet that has a significant supply chain operation is plagued by inventory reconciliation problems.

Six Essential Areas for Controlling Construction Inventory

SIPMM Professional Publications

Construction inventory management is a means by which construction companies and suppliers can keep track of materials, workforce, equipment and plant. A well-managed inventory can be critical to profitability as delayed, misplaced or lost items […]. The post Six Essential Areas for Controlling Construction Inventory appeared first on SIPMM ACADEMY.

How Donating Merchandise Can Solve Inventory Issues

Supply Chain Brain

With the new year comes an old problem: how to dispose of excess inventory without feeling like you’re just throwing dollars out the door

Retail Store Inventory Optimizer

Material Handling and Logistics

JDA Software Inc. has launched new collaborative capabilities within its Luminate Store Optimizer SaaS solution that prioritize the most important tasks or objectives first

Improving Inventory Management Efficiency Using Scales

Quality Scales Unlimited

In business, it is considered standard practice to take a complete inventory at least once a year. This helps businesses stay organized and aware of inventory levels. Weighing Scales , such as counting scales, can help make the inventory taking process more efficient.

Macroeconomic Monday® - Inventory to Sales Ratio

10xLogistics

While I was out", the inventory to sales ratio in the economy has made a very nice move. While not even close to the post recession area it is starting to move down which indicates the bleeding off of inventory has begun. Inventories to Sales Ratio.

Parts inventory technology reduces downtime

Fleet Owner

Many fleets are looking to their parts suppliers and manufacturers for help developing just the right part tracking and ordering schedules for their operations

Intelligent Software for Inventory Management

Material Handling and Logistics

SupplyPro has introduced SupplySystem Intelligent Software for inventory management

Walmart’s Inventory Management

Logistics at MPEPS at UPV

From the previous lesson about managing inventory, I suppose we can also learn a thing or two by looking at Walmart’s inventory management practice. Walmart categorize their inventories into many types. This type of inventory is naturally replenished regularly.

Service Parts Inventory Management Solution

Material Handling and Logistics

Syncron has announced enhancements to Syncron Inventory, its service parts inventory management solution

Rising inventory: Stock lots

Automotive Logistics

In any retail business, inventory management is a delicate balancing act. By the time vehicle manufacturers responded to the change, ports and distribution parks were overflowing with unsold vehicles and logistics personnel were scrambling to find places to keep their excess inventory.

[PODCAST] Why Digital Tools to Optimize Inventory Management Allows Supply Chain Execs to Stay More Strategic at Every Link in the Supply Chain

Cerasis

On today’s episode, we welcome Margaret Bendis, US Marketing Specialist for a company called EazyStock a cloud-based software-as-a-solution (SaaS) that optimizes inventory management. What is the future of digitization as it relates to inventory management.

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. ” Vendor Managed Inventory Model: A Quick Back Story.

Can Robots Help You Manage Inventory Better?

Logistics Viewpoints

In the United States, 250,000 manufacturing plants and warehouses support the activities of 4 million retail stores and e-commerce websites – and all of these operations carry inventory. But in the warehouses, less than 10 percent are using automated storage and retrieval systems (AS/RS) to manage and move their inventories. The post Can Robots Help You Manage Inventory Better?