In 2003, short-term forecasting approach using pattern recognition was invented by Terra Technology to replace rules-based consumption. Inventory piles up and revenues gaps are closed by pushing product into the market. This week, I spoke at the Chicago CSCMP round table event. MORE

One Stop is a subsidiary of Tesco which acquired the stores in 2003. MORE

TOMPKINS: Sellers today find e-commerce inventory allocation and replenishment to be challenging. WILL: Drone development over the past several years has resulted in a variety of applications and more recently use in the inventory and tracking of items in warehouses. MORE

RELEX, a leading provider of integrated retail and supply chain planning solutions, brings together all aspects of retail planning through the continuous analysis of real-time data, from the shop floor all the way back up through the supply chain driving increased sales, less inventory and reduced spoilage. One Stop is a subsidiary of Tesco which acquired the stores in 2003. Read PDF. MORE

Fortunately, Libby’s, which has an estimated 80% of the canned pumpkin market, had enough canned inventory to make it through Thanksgiving. Maintaining two inventory streams, including a Wal-Mart dedicated one, was costly for suppliers. MORE

Back in 2003, when RFID commercialization was accelerating out of MIT, major retailers announced an initiative that required all suppliers to tag pallet deliveries with RFID. MORE

In 2003, Coca-Cola enterprises began a five year, $200 million IT plan called Project Pinnacle. The result was improved flexibility of production, as well as better inventory and asset management. MORE

In 2003, Walmart announced that all of its suppliers would need to have Radio frequency identification (RFID) tags on all pallets and cases by 2006. More recently, with the rise of interconnected systems, the analytics to derive value from those systems seems, and decreased costs, RFID is resurrecting as a solution for increasing supply chain management (SCM), visibility into processes, and reducing inventory tracking costs. MORE

Interestingly, in a 2003 strategy+business article , Oliver has revealed that, looking for a catchy phrase, his consulting team originally proposed the term “integrated inventory management” (I2M). MORE

Reporting on this development, Jennifer Smith ( @jensmithWSJ ) and Sarah Nassauer ( @SarahNassauer ) write, “Looking to cut inventory while meeting e-commerce demands, the retailer wants more of the goods it orders delivered on time and in full. Back in 2003, Zeiger wrote, “In some cases, [suppliers insist], the requirements are petty, arbitrary or even illogical. Retailer compliance initiatives can lead to efficiency,” HighBeam Research, 1 October 2003. [3] MORE

The issue is that none of their IT investments in the last 10 years have moved the needle on operational metrics such as inventory levels, case fill rates, and other operational metrics. MORE

The Kiva Robotic Picking System: The idea for the orange AGV-like robots that bring inventory to order pickers was first conceived in 2003 by CEO Mick Mountz, and with the help of some MIT professors Kiva brought the technology to market less than two-years later. 4: Economic Order Quantity (EOQ): Economic Order Quantity is a mathematical approach for determining the financially optimal amount of product to order from suppliers based on inventory holding costs and ordering costs. MORE

Launched in 2003, RRR has evolved into a lifestyle brand offering a plethora of products that are still printed, cut and sewn by hand in collaboration with artisans preserving ancient traditions. The team now has one collective and synchronized view of inventory and sales. MORE

Automated storage and retrieval systems can, for example, increase picking accuracy while yielding better inventory control. Author information Jennie Dannecker Marketing Coordinator at Stanley Vidmar Jennie Dannecker serves as Marketing Coordinator for Stanley Vidmar, where she has also held roles such as Government Marketing Manager and others since 2003. According to the U.S. MORE

Campbell Soup was the first company to adopt demand sensing in 2003. Collaboration with retailers becoming automated, enabling cooperative inventory target setting across the value chain to serve more customers with less capital invested in stock. Terra is the industry leader in demand solutions, including demand sensing, inventory optimization and transportation forecasting. Inventory management. How the Terra Acquisition Fits Into the Future Supply Chain. brooke. MORE