Inventory Replenishment Underway

Logistics Trends and Insights

Census Bureau inventory data, for June, indicates the need for inventory replenishment as the seasonal-adjusted sales to inventory ratio declined to 1.37 Total business inventories declined 2.3% for June/May while inventories declined 5.8% Inventory Replenishment.

Warehouse Inventory Management Techniques to Increase Productivity

Cyzerg

Warehouse inventory optimization is a concern for every warehouse. In this article, we will discuss the importance and benefits of warehouse inventory management and some techniques to help increase productivity. Businesses wish to achieve a perfect balance between understocking and overstocking in order to maximize profits without negatively impacting customer satisfaction levels.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Common Techniques for Planning and Controlling Inventory

SIPMM Professional Publications

Inventory control varies from one organization to another. This simplifies that the nature of firms and the nature of the businesses determine the size and category of inventory control systems and techniques to adopt. Inventory […].

Things People Get Wrong with Inventory

Logistics Bureau

What are the things that people get wrong in inventory? Robobyrne: Sins In Inventory Management. Supply Chain Secrets: Why Supply Chain Inventory Should Matter to the Finance Pros. Benchmarking Success: 5 Reasons to Care About Great Inventory Management.

3 Mistakes Organizations Make While Developing ABM Programs

While B2B research suggests organizations are thriving through successful ABM programs, getting just one campaign off the ground is more difficult than it seems. From building an account universe to understanding to orchestrating sales and marketing alignment around touchpoint and messaging, there are a number of variables to consider before launching a program.

Essential Techniques to Manage Food Inventory

SIPMM Professional Publications

The inventory stock within the food industry is usually perishable. Thus,the manner in which a company handles and manages their food inventory is critical to the safety of the products.

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 post Using Technology to Improve Inventory Management appeared first on Transportation Management Company | Cerasis. Inventory Management Supply Chain Technology Improve Inventory Management

The Future of Inventory Management

Logistics Management

RTLS technology combined with the continued evolution of WMS user interfaces promises to take inventory management to a new level by allowing improved visibility and control.

The Inventory Accuracy “Confidence Gap”

Talking Logistics

Note: The following is an excerpt from “ Omni-Channel Logistics Leaders: 5 Key Insights to Improve Inventory Performance for 2019 ,” based on research conducted by Adelante SCM and LEGACY Supply Chain Services with input from nearly 100 supply chain professionals from retail, manufacturing, and logistics service providers companies in the United States and Canada. And it begins with improving their inventory accuracy. The Inventory Accuracy “Confidence Gap”.

Inventory Management’s Crucial Role in the Supply Chain

Kuebix

What is Inventory Management and Why is it Important? Inventory management refers to the process of ordering, storing and using a company’s goods or materials. Successfully managing inventory allows businesses to meet the demand level of their consumers with an appropriate amount of supply. Ineffective management can result in excess inventory which runs the risk […]. The post Inventory Management’s Crucial Role in the Supply Chain appeared first on Kuebix.

Automated Order Processing and Proactive Inventory Management

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

Organizations need to focus on demand driven supply planning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar). Focusing on this information once per month during the S&OP meeting is too late for all business units to align. 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. This is especially important for new product releases, in store programs or promotions (sales, end caps, PDQ. etc) or online promotions (company run or 3rd party). Depending on total supply chain lead time, not having real time visibility and analysis of this information can significantly affect sales and the bottom line.

The Go-To List of Ways to Improve Inventory Management

Cerasis

Today’s warehouse managers need better inventory management strategies. This is nothing new, but as the world has evolved, the ability to improve inventory management has evolved in stride. The post The Go-To List of Ways to Improve Inventory Management appeared first on Transportation Management Company | Cerasis. Inventory Management Supply Chain Technology Warehouse ways to Improve Inventory Management

Final Mile Integration: Data Enables Inventory Management & Replenishment

Cerasis

Unfortunately, inventory control remains at the fringe of proactive logistics management. The post Final Mile Integration: Data Enables Inventory Management & Replenishment appeared first on Transportation Management Company | Cerasis. Data Final Mile Inventory Management final mile integrationUnlocking cost reductions in logistics implies a direct need to improve warehouse and facility inbound logistics and outbound order fulfillment.

Robotics and Your Inventory Challenge

PINC

inventory robotics warehouse drones inventory management

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 Management is a function that should always be in sync with your supply chain strategy and in turn depends on your overall business strategy. What does it mean for inventory?

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. This webinar will cover: Strategies for making high-level decisions about your network design and inventory distribution. As we plan for the world of eCommerce and the customer expectation of quick, free shipping, our ability to forecast is turned on its head.

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. Warehousing and inventory […]. The post Inventory Control Techniques for Effective Warehousing appeared first on SIPMM ACADEMY.

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.

[PODCAST] Inventory Forecasting Lessons for Improved Supply Chain Network Optimization

Cerasis

Listen to “Inventory Forecasting Lessons for Improved Supply Chain Network Optimization” on Spreaker. The post [PODCAST] Inventory Forecasting Lessons for Improved Supply Chain Network Optimization appeared first on Transportation Management Company | Cerasis. Inventory Management Podcast Supply Chain Inventory Forecasting

Inventory Cycle Count System

Material Handling and Logistics

TouchPath has launched TouchCount, a continuous cycle count system that can be used to keep a current and accurate, 360-degree view of warehouse inventory

Warehousing Practices for Special Inventory

SIPMM Professional Publications

Special inventory in warehouse environment are guided by policies, federal laws and compliances that are set up by organizations. In warehousing contracts, special inventory imposed by a government body are Central Narcotics Bureau (CNB), and Immigration and Checkpoint Authority (ICA). The post Warehousing Practices for Special Inventory appeared first on SIPMM INSTITUTE.

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

Data Analytics for Optimizing Inventory

SIPMM Professional Publications

Inventory optimization is having the right inventory, in the right quantities and at the right locations to meet the supply and […]. The post Data Analytics for Optimizing Inventory appeared first on SIPMM INSTITUTE. Data analytics is the process of examining structured and unstructured data sets in order to provide real-time up to update information that can facilitate the company to maximize the decision value in the business.

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. More than 60 percent of wholesalers routinely keep more than one month of inventory on-hand, and since 77 percent of businesses lose sales.read More. Inventory Management Supply Chain Inventory Management Mistakes

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

Leading Challenges in Inventory Visibility and How to Solve Them

Cerasis

Timeliness, speed, and order accuracy are some of the most in-demand aspects of today’s omnichannel world, but significant challenges still exist with inventory visibility. The post Leading Challenges in Inventory Visibility and How to Solve Them appeared first on Transportation Management Company | Cerasis. Inventory Management Supply Chain inventory visibilitySupply chain leaders and managers have a mountain of responsibilities and oversee vast enterprises.

Why Omnichannel Supply Chain Success Depends on Inventory Optimization

Cerasis

However, inventory optimization can solve these challenges. What’s Wrong With Current Inventory Optimization Processes? The post Why Omnichannel Supply Chain Success Depends on Inventory Optimization appeared first on Transportation Management Company | Cerasis. Inventory Management Omnichannel Omnichannel Supply Chain Success

Inventory Control Software Basics

247 Customs Broker

When you’re vetting out new inventory control software, there’s a lot to compare and contrast. Some have complex workflow solutions and some have little-to-no workflow… The post Inventory Control Software Basics appeared first on 24/7 Customs Broker News. Ecommerce News Inventory Management inventory planning Logistics Skuvault Warehouse Management customs broker customs clearance freight imports logistics shipping

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. Maintaining safety stock is an essential part of capturing opportunistic sales, retaining business and making customers satisfied.

Warehouse Inventory Management (Doing it The Right Way)

Cerasis

The post Warehouse Inventory Management (Doing it The Right Way) appeared first on Transportation Management Company | Cerasis. Inventory Management Warehouse Warehouse Inventory ManagementWarehouse management seems easy in theory, but there are actually a lot of things you need to pay attention to in order to do it properly.

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. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. What is Lean Inventory Management? Flow: Understand how inventory flows in your warehouse and apply Lean principle: 5S to clear any obstacles that do not add up.

How Procurement can Improve Inventory Management

SYSPRO Smarter ERP

Given that direct and indirect materials make up at least 50% of the typical manufacturer’s costs, what procurement can do to improve inventory management is an obvious place […]. The post How Procurement can Improve Inventory Management appeared first on SYSPRO US.

Inventory Management’s ‘Sins’ with Keiran Hogan

Logistics Bureau

With regards to inventory management, Keiran mentioned that you should have a discriminatory treatment to your “golden goose” Replenish the orders frequently, check your inventories – and do things to preference the most profitable item on your stocks. Don’t worry, the other inventory won’t protest against you. Watch this video and study the 33 Sins in inventory management : Subscribe to our Youtube Channel.

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

Technology Solutions That Integrate Inventory Tasks

Logistics Management

Perpetual inventory system vs. periodic inventory system and the inventory management systems that support them

Who Should Own Inventory Risk?

Supply Chain Brain

It's time to fundamentally change the way we think of inventory — and the tools we use for managing it

Tools 54