Why Is Promotion Planning Important In Inventory Management?

Logistics Viewpoints

Why should we consider Promotion Planning in Inventory Management? Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep. Therefore intelligent inventory management benefits the business results as well as the brand image. .

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.

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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.

What is inventory management?

Globalior

Usually, companies do cycle counts to check inventory balances at the end of either each financial year or calendar year. However, what does the term “inventory management” really mean? What does inventory management mean? Types of inventory checks.

Just In: Inventory Optimization Research

How are organizations performing on inventory optimization? How can new technologies help your team improve? Find out in this new research report.

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. Ineffective management can result in excess inventory which runs the risk […].

Five Inventory Management Tips for Uncertain Times

Logistics Management

Here are five inventory management strategies organizations can use now to both manage current volatility and optimize for the future The global pandemic turned supply chains on end.

Inventory Management Efficiency

Globalior

Inventory management is an important part of supply chain management. Inventory management can be very vaguely described as optimizing the inventory level between maximum and minimum acceptable levels for every SKU. How to optimize inventory to keep a minimum stock?

Retailers’ inventories suggest restocking long way from finished

The Supply Chain Journal

Inventory levels increased for the nation’s largest retailers during the fiscal second quarter that ended July 31. Often a tell of future container traffic, inventories were severely depleted within months of the pandemic’s onset. Inventories way behind sales on 2-year comp.

How to Improve Inventory Turnover with Inventory Optimization

EazyStock

How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. The Importance of Improving your Inventory Turnover.

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.

COVID threatens Chinese exports as US struggles to restock inventories

The Supply Chain Journal

import demand is stronger than ever as inventory-to-sales ratios remain painfully low. US inventory restocking still lags. COVID fallout in Asia coincides with ongoing inventory-to-sales shortfalls in the U.S. Retail inventories were actually up 3.4%

What Is Real-Time Inventory Management?

FW Logsitcs

Having outdated inventory information can slow down the order fulfillment process, frustrate customers, and harm your company’s reputation. Understanding Real-Time Inventory Systems. We use a top-quality warehouse management system to give you access to inventory data around the clock.

6 Inventory Control Techniques for Stock Optimization

EazyStock

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. Firstly, let’s get a few definitions: What is inventory control?

8 Best Inventory Demand Forecasting Techniques

EazyStock

Demand forecasting techniques play a critical role in inventory management. However, producing an accurate inventory demand forecast is no mean feat. But first – let’s get a definition: What is inventory demand forecasting? The Importance of Accurate Inventory Forecasting.

Just in Time vs. Just in Case: What’s the Way Forward for Supply Chains?

Just-in-time supply chains worked just fine — until they didn’t. Is more inventory the answer? It’s not a binary solution. Read this latest GEP paper to learn how enterprises can ensure adequate supplies without running excess inventory.

Using ABC Analysis in Inventory Management

EazyStock

ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. The Three Classifications used in ABC Inventory Analysis. These are typically mid-range in inventory value and demand.

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”.

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

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.

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.

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).

Modest inventory bump not likely to slow freight’s flow anytime soon

The Supply Chain Journal

After a few quarters of sales growth significantly outpacing inventory additions, the two were closer to parity at retailers specializing in general merchandise and household goods during the fiscal first quarter, which concluded at the end of April.

Using Technology to Improve Inventory Management

GlobalTranz

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

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

The Keys to Business Continuity Planning

Speaker: Ron Spiteri, Director of TXM Lean Solutions

The pandemic has been the most significant disruption to global supply chains since the dawn of the industrial world. A key learning of this disruption has been the need for business continuity planning to mitigate future disruptions, which we know will come. Join Ron Spiteri of TXM Lean Solutions, and learn the key steps to take control of your supply chain risks.

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

Sales & Operations Planning – The Science Behind Inventory Planning in the European Food Industry

Logistics Matter

The post Sales & Operations Planning – The Science Behind Inventory Planning in the European Food Industry appeared first on LOGISTICSMATTER. There are misconceptions that Sales & Operations Planning (S&OP) requires a big IT project, which is false. In today’s volatile market, what matters most is achieving service levels. From supply shortages to competition, the need to adapt new models of selling is required to accommodate new buying preferences and practices.

ERP inventory management – how advanced is your ERP?

EazyStock

What is ERP inventory management? When it comes to inventory management, ERP systems are ideal for tracking stock along the supply chain, monitoring stock levels and order processing. ERP inventory management limitations. Does your ERP optimize your inventory levels?

ERP 83

Inventory Control in 3pl

Logistics at MPEPS at UPV

The organization was having limited inventory flow which sometimes lead them to losses on deliveries. But almost 10 days of the month The company was not able to fulfil inventory transportation of LTL consignments because of more cost of transportation than service charges for the consignment.

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.

GreyMatter™ Inventory in Motion

Supply Chain Brain

Drone to bring autonomous inventory warehouse solution

Logistics Business Magazine

innovation GmbH, a Germany-based developer of autonomous drone-based inventory management systems. Traditionally, the process of finding and implementing an appropriate drone solution for autonomous inventory reconciliation is time-consuming, complex, and expensive.

Final Mile Integration: Data Enables Inventory Management & Replenishment

GlobalTranz

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.

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.

2021 Strategies for Inventory Management and Supply Chain Recovery

EazyStock

Optimize Inventory. Start with a detailed overview of what inventory is currently in your supply chain. Next comes crafting an inventory management plan to mitigate your greatest risks. Blog Demand Forecasting Industry News Inventory Optimization