Using Technology to Improve Inventory Management

Cerasis

Using technology in the warehouse is one of the most effective ways to improve inventory management and reduce returns. Since returns represent a significant cost to companies, it is imperative for retailers to take steps to improve inventory management and manage returns.

The Inventory Accuracy “Confidence Gap”

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. And it begins with improving their inventory accuracy.

The Right Technology for Inventory Management

PINC YMS

inventory robotics digital inventory inventory accuracy inventory management

Robotics and Your Inventory Challenge

PINC YMS

inventory robotics warehouse drones inventory management

Automated Order Processing and Proactive Inventory Management

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

Companies should have seamless integration between order entry, inventory management, forecasting and supply planning models and purchase order status to sense risk, pull levers to mitigate potential risk, and communicate within and outside the organization.

Inventory Management Mistakes: What Supply Chain Leaders and Managers Need to Know

Cerasis

Inventory management mistakes constitute a significant cost contributor in today’s supply chains. According to Rod Daugherty of Manufacturing.net, the costliest problem is due in large part to poor inventory visibility and planning.

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.

The Right Technology for Inventory Management

Logistics Viewpoints

Managing inventory in 2019 has become an even more complex challenge according to our industry peers and PINC customers. In my previous article titled “The High Cost of The One Percent Inventory Accuracy in Your Supply Chain“, I explored significant challenges, costs associated to inventory management, and what one percent of inventory accuracy represents to your operation. Guest Commentary Inventory Management

What is Inventory Optimization?

EazyStock

What is inventory optimization? You’ve heard of inventory management, and you probably already have some inventory management practices implemented in your supply chain. So what is inventory optimization? Inventory Optimization will make you more competitive.

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.

Is Your Inventory Management Stuck in the Stone Age?

Amware Logistics and Fulfillment

This is the second in a series of blogs based on Amware’s new eBook titled “Your Marketing Fulfillment Program Sucks: 7 Ways Poor Literature Management and Distribution Practices Undermine Your Marketing Results.”. A sales rep walks into a client’s office to introduce a new product.

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.

Advantages of Marketing Fulfillment Inventory and Online Ordering

Amware Logistics and Fulfillment

This is the third in a series of blogs focused on getting the most from your marketing fulfillment inventory program. The content is drawn from a recently published Amware-sponsored eBook titled 8 Experts on Marketing Fulfillment, which you can download here.

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.

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.

What is Ecommerce Inventory Management?

247 Customs Broker

June 4, 2019 · By Corinne Watson Having an elevated inventory management strategy is pivotal for any ecommerce business that wants to rise above the… The post What is Ecommerce Inventory Management?

Drone-Powered Digital Inventory

Logistics Viewpoints

Even though 90% of inventory is stationary in the supply chain, inventory accuracy at distribution centers, warehouses, and plants ranges from 89% to 99%*. That’s because most of the inventory management process is still a manual activity. Knowing what inventory is on hand at any given time in the supply chain—and then tying that data to transportation and delivery—is a never-ending challenge for most companies. Guest Commentary Inventory Management

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.

Inventory Optimization is the Lynchpin to Omnichannel Success

Logistics Viewpoints

Retailers should look for a demand forecasting and inventory optimization solution that understands digital demand is now being fulfilled through physical stores and can account for channel demand patterns and emerging omni-fulfillment strategies. The post Inventory Optimization is the Lynchpin to Omnichannel Success appeared first on Logistics Viewpoints. Success in omnichannel commerce requires solutions designed for the way customers shop today.

5 Essential Technologies for Inventory Control in a Warehouse Contract

SIPMM Professional Publications

Many of the challenges that businesses face, such as running out of stock, or having excess stock (which translates to tied-up funds), or having obsolete stock or spoilage are as a result of poor inventory management.

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.”

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

Crucial Techniques to Control Construction Inventory

SIPMM Professional Publications

The post Crucial Techniques to Control Construction Inventory appeared first on SIPMM INSTITUTE. Time scheduling and coordination on construction projects are not just a matter of reputation but can be crucial to systems like an earthling, concrete laying and service.

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.

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

What does one percent inventory accuracy mean to your operation?

PINC YMS

inventory robotics digital inventory Matt Yearling inventory accuracyAs you may know, our CEO, Matt Yearling, contributes regularly to logisticsviewpoints.com with guest articles.

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.

AI in Inventory Management

Logistics at MPEPS at UPV

Following an interesting course about Inventory Management, we received this phrase in a conclusion e-mail, that made me think. The fact that there is not an all-done solution for Inventory Management, is because information is always lacking.

importnce of inventory management

Logistics at MPEPS at UPV

The Importance of Inventory Control: Inventor drives revenue profitability and customers satisfaction, yet retailers are losing an estimated billions dollars a year by not properly managing one of the their greatest assets.

4 Reasons for Carrying Safety Stock Inventory

EazyStock

In both of these cases, customer service levels are negatively impacted by a completely preventable challenge – if only you’d been carrying safety stock inventory! To keep customer service levels high, accurately calculated safety stock inventory is a necessity.

Full-bodied RFID system helps hotelier manage wine inventory

DC Velocity

Buckle-on RFID tags make short work of stocktaking at Tokyo resort hotel. Technology

RFID 182

4 Reasons for Carrying Safety Stock Inventory

EazyStock

In both of these cases, customer service levels are negatively impacted by a completely preventable challenge – if only you’d been carrying safety stock inventory! To keep customer service levels high, accurately calculated safety stock inventory is a necessity.

Strong economy pushes parts inventory to its limits

Fleet Owner

Companies making investments in inventory systems to maximize accuracy, employing set delivery routes that run multiple times a day, including late at night