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

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Robotics and Your Inventory Challenge

PINC YMS

inventory robotics warehouse drones inventory management

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

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 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.

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.

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.

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.

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.

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.

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

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.

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

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.

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.

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.

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.

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.

eBook 156

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

The Inventory Accuracy “Confidence Gap”

247 Customs Broker

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. The post The Inventory Accuracy “Confidence Gap” appeared first on 24/7 Customs Broker News.

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

Intelligent Software for Inventory Management

Material Handling and Logistics

SupplyPro has introduced SupplySystem Intelligent Software for inventory management

Service Parts Inventory Management Solution

Material Handling and Logistics

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

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.

The State of Your Supply Chain Affects the Level of Your Inventory 

Blue Grace Logistics

Inventory is the core of any business. The right inventory, at the right time, at the right point in the supply chain is crucial for the success of the business. Carrying cost is the cost incurred to store, handle, and maintain inventory at every stage in the supply chain.

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.

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.

The Right Technology for Inventory Management

247 Customs Broker

Managing inventory in 2019 has become an even more complex challenge according to our industry peers and PINC customers. In my past article titled ““The… The post The Right Technology for Inventory Management appeared first on 24/7 Customs Broker News. Guest Commentary Inventory Management customs broker customs clearance freight imports logistics shipping

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.

Manhattan upgrades inventory planning and replenishment tool

DC Velocity

Software platform lets retailers position goods closer to customers in complex omnichannel environments, firm says. Technology

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.

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

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.”