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

Warehouse Inventory Using Drones

Logistics Business Magazine

After almost two years of development, the completely automatic warehouse inventory solution using drones, perfected by Geodis and Delta Drone, will be operational at the end of 2018. The post Warehouse Inventory Using Drones appeared first on Logistics Business® Magazine.

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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.

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.

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

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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.

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.

Cycle Inventory in Supply Chain Management

Logistics at MPEPS at UPV

As we were studying logistics and supply chain, something occurred to me: why couldn’t we simply order a lot so that we have enough inventory for a long period of time? Inventory depends on several things: – Demand (which has a certain degree of uncertainty ).

Don’t sleep on the inventory-to-sales ratio

247 Customs Broker

One byproduct of an improving economy is the current state of United States inventory levels. And let’s not forget that when higher inventory levels are intact, the less amount of freight there is on the roads, rails, planes, and aboard U.S.-bound

Inventory Control with the RFID System

Logistics at MPEPS at UPV

One of the goals of inventory management is to make the processes smarter. Despite the fact that controlling the inventory via barcodes was a revolution, it has major disadvantages.

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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.

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.

HOW DOES IKEA MANAGE ITS INVENTORY

Logistics at MPEPS at UPV

Using IKEA’s proprietary inventory system, logistics managers know what is sold through point-of-sale (POS) data and how much inventory comes into the store through direct shipping and from distribution centers through warehouse management system data.

Inventory Management Vinyl Tag Protectors

Material Handling and Logistics

A line of hanging vinyl label holders, pockets and tag protectors that feature high-strength magnets to hang tough for a wide range of inventory management applications are available from Vinylenvelope.com.

Don’t sleep on the inventory-to-sales ratio

Logistics Management

One clear byproduct of an improving economy is the clear sign of the current state of United States inventory levels. Remember, it was not all that long ago that the “inventory glut” was a real drag on transportation productivity in more ways than one, whether it was decreased production, slower and longer transit times, and other related inefficiencies, too.

Inventories Are Heading in The Right Direction

10xLogistics

Anyone who follows me knows I feel very strongly about the Total Inventory to Sales Ratio and how it forecasts the future for transportation (in the near term). If inventories rise over a period of time then it only stands to reason companies will start cutting them back.

Making the Case for FedEx Critical Inventory Logistics

Logistics Management

FedEx Critical Inventory Logistics is designed to help companies streamline and drive costs out of their aftermarket service supply chains to meet customer service level agreements and grow their bottom-line revenues

Logistics as a part of my everyday life / Inventory Management

Logistics at MPEPS at UPV

Inventory Management is a part of Supply Chain management/Logistics. It is supposed to keep track of what goes in and what goes out of company’s inventory. The inventory can be separated into a stock area of the single components and an area for the finish product.

Inventory Management App for Android Devices

Material Handling and Logistics

SupplyPro has introduced SupplyMobile, an Android-based mobile app that tracks, manages and optimizes inventories, regardless of where or how they are controlled

Dynamic Inventory Control, and DHL supply chain solution

Logistics at MPEPS at UPV

DHL solutions design team offers a wide portfolio of experience and support, from logistics network strategy, transport design, warehouse design, and simulation, to operational improvement and inventory analysis. Dynamic Inventory Control.

Production Cart for Inventory Management

Material Handling and Logistics

Creform Corp. has developed a cart that allows a company to hold automobile exhaust parts for line-side presentation

Editor’s Pick: The Ideal Inventory Optimization Approach for Omni-channel Retailers

Talking Logistics

In this post, Scott Fenwick, Manhattan Associates ’ senior director of product management, describes how to take inventory optimization in an omni-channel environment to the next level. There are many reasons why: When the distribution center (DC) is out of something displayed on the website, it can be fulfilled from store inventory. What do superconsumers have to do with inventory optimization?

Total Business Inventory to Sales Ratios

10xLogistics

On March 13, 2013 the census bureau released the numbers showing the total business inventories to sales ratio for January. If you remember, I posted the wholesale numbers a few days back at this post and said I was getting concerned about the inventory levels backing up in the supply chain.

Geodis, Delta Drone to produce automatic warehouse inventory solution using drones

247 Customs Broker

Geodis and Delta Drone have announced plans to start the production of an automatic warehouse inventory solution, which uses drones. Image: The automatic warehouse inventory solution using drones will be operational by the end of this year. LBR Staff Writer. Published 12 April 2018.

Balancing Your Inventory with Efficiency

Apparel Logistics

Balancing inventory can be tricky; too much or too little can cost you in the long run. Use these tips to accurately and efficiently manage your inventory

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Balancing Your Inventory with Efficiency

Apparel Logistics

Balancing inventory can be tricky; too much or too little can cost you in the long run. Use these tips to accurately and efficiently manage your inventory

Tips 40

Inventory Modeling Leads to a Winning Strategy

Apparel Logistics

Logistics companies use data to help their clients make smart inventory choices. The Apparel Logistics Group offers inventory modeling services to help your business develop winning strategies that can boost sales, lower costs, and lead to success

Secrets of Organized Inventory

Apparel Logistics

If you’re new to the industry of inventory management, there are a few tricks of the trade you must know in order to avoid any careless mistakes. Here are a few tips from the experts

How Apparel Inventory Management Creates the Best Operational Flow

Apparel Logistics

With the fast pace and constant evolution in the clothing industry, good inventory management is essential. Keep reading to learn how successful management of your inventory can result in operational excellence. It's essential to manage your inventory in a space that is large enough.

Warehouse Management Systems (WMS) / Inventory Management Technology: 6 Trends for the Modern Age

Logistics Management

Here’s how the next generation of warehouse and inventory management systems are evolving to help logistics operations operate more efficiently and improve their bottom lines in our brave, new digital age

Inventory to Sales Ratio - Will March Change the Curve?

10xLogistics

One of my favorite measurements of business activity which actually relates to transportation volume is the Inventory to Sales Ratio. In the end, companies have learned it is better to miss a few sales than to be stuck with inventory. data Inventory procurement sales transportation

Predictions Coming True - Inventory Adjustment Under Way and Rates are Down

10xLogistics

The results are in and they are really showing a slowing economy (GDP adjustments have been lowered), inventory adjustments being made and therefore truckload and intermodal rates going down. I have shown throughout this year that the inventory to sales ratio was telling me that inventory was growing at an unsustainable rate and sooner or later a correction will come. Inventory Macroeconomic Monday® rates transportationA special edition of Marcoeconomic Monday today!

Inventory to Sales Ratio is Not Showing a Pretty Picture - Macroeconomic Monday is Back!

10xLogistics

However, now we are starting to see some real convergence of data pointing to a slower economy: Inventory to Sales Ratio: As we can see by the FRED graph, this has been on a climb however the slope has increased. economics Economy Inventory Macroeconomic Monday® sales

How Much Do You Know About Your Inventory?

Apparel Logistics

Inventory is one of the most important assets of any company, yet many business owners are in the dark about their stock. Without a clear understanding of inventory, it’s easy to run out of stock or unnecessarily overextend your business.

Warehouse Management (WMS) / Inventory Management Technology: 6 Trends for the Modern Age

247 Customs Broker

And while most companies are at least thinking about how to make that happen, many are still using antiquated processes like pen-and-paper and spreadsheets to manage inventory and track product movement within the four walls of the warehouse. From autonomous mobile robots to complete supply chain solutions to advanced inventory tracking systems, the options continue to proliferate and drive logistics professionals to develop smarter, more efficient facilities.

Transform Your Supply Chain for Omnichannel – Part I

The Logistics Academy

Inventory rich is a condition enjoyed by many retailers, manufacturers, and wholesalers. Much of this is due to systemic inventory. Many firms are focused on supply chain finance, just—in-time, vendor managed inventory, buy-sell, optimization, and other programs. These supply chains are based on the end positioning for inventory; they are not based on how fast inventory moves. That is how supply chains are—many branches of inventories—and how they have evolved.

Best Asset Tracking tactics for better Warehouse Management

Jayem Logistics

WMS manages all resources and controls inventory management which also minimizes total cost of operation. Asset tracking enables accurate forecasting and improves inventory management: Successful inventory management requires forecasting to lower costs.

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Fundamental Supply Chain Shifts Kill The Idea of a "Surge"

10xLogistics

I have talked a lot about the inventory to sales ratio and how it is such a great predictor of what will happen in the transportation industry. Companies are much better at identifying the purchase trends and immediately shifting inventory purchases to adjust.

APL Logistics and ToolsGroup partner to bring demand sensing solution to retailers

DC Velocity

Two firms to bring a unified demand sensing, inventory optimization, and inbound logistics solution to the retail market. Technology

JDA Focus 2018: The Launch of JDA Luminate

Logistics Viewpoints

Inventory Management Logistics Software Vendors Logistics Technologies Logistics Trends JDA supply chainI am writing this post from Orlando, FL, where I am attending JDA Focus 2018. The theme of the conference was “Expectations. Fulfilled.” and based on some of the new product strategies that were announced, it seems to be an appropriate theme.