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.

Welcome 2019

Supply Chain Shaman

Companies cannot save their way to supply chain excellence with cost-cutting and inventory management — customer back capabilities. In 2019, here are seven trends that I will be tracking: The Horizon? Welcome to a new year. Congratulations. You made it through 2018.

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.

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. Inventory Management Supply Chain inventory visibility

Your Supply Chain Probably Has a Data Problem - Start There

Supply chain visibility gives a clear view of inventory and the. activities involved in the transport of that inventory. A Blueprint For Supply Chain Transformation The Data First Approach Introduction Over the past few decades, supply chains have evolved from a sub-function.

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.

Announcing the Supply Chains to Admire for 2019

Supply Chain Shaman

Over the last month, I have been working on the 2019 Supply Chains to Admire analysis. It is not as simple as trading-off inventory, cost, and customer service. Please join me in congratulating the winners of the Supply Chains to Admire for 2019.

Regaining control: Inventory management best practices (Part four)

Kinaxis

by Richard Cushing In part one of my inventory management best practices series I argue that inventory cannot be managed until it is controlled, and present the notion our general willingness to apportion blame upon unreliable data from enterprise resource planning (ERP) systems is misplaced.

Regaining control: Inventory management best practices (Part two)

Kinaxis

In part one of “Regaining control: Inventory management best practices” , we talked about controlling inventory, before being able to competently manage inventory. Inventory management best practices all about getting organized. by Richard Cushing.

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

Quantum Inventory Theory?

The Smart Software

The post Quantum Inventory Theory? Physics at the quantum level is quite weird – not at all like what we experience in our usual macroscopic life. Among the oddities are “superposition”, “entanglement”, and “quantum foam.”

Five Things You Need to Know about Inventory Optimization in the Digital Age

ToolsGroup

With all the buzz around digital transformation, someone peering in from outside supply chain may assume most businesses have already digitized essential tasks like inventory planning. This article will share five things you need to know about optimizing inventory in the digital age.

The Next Big Thing in Inventory Optimization and Why You Need It

River Logic

These figures show that efforts at inventory optimization aren't bearing fruit as retailers grapple with the conflicting demands of omni channel retailing and, more recently, the unpredictability posed by trade wars and other global disruptions.

Top Talking Logistics Posts & Episodes (Q1 2019)

Talking Logistics

Even our most popular post, which dealt with excess inventory and yard management, had a transportation bent to it. Overall, the first quarter of 2019 proves yet again that there’s never a dull moment in this industry. In case you missed them the first time around or want to read/view them again, check out the top posts and new episodes from Q1 2019. Excess Inventory?

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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. January 30, 2019 12:30 PM PST, 3:30 PM EST, 8:30 PM GMT

Regaining control: Inventory management best practices (Part one)

Kinaxis

by Richard Cushing It happens to be axiomatic that you cannot manage your inventory if you do not control your inventory. Managing versus controlling inventory. Inventory management best practices.

Regaining control: Inventory management best practices (Part three)

Kinaxis

by Richard Cushing In part one and part two of “Regaining control: Inventory management best practices”, we talked about controlling inventory, before being able to competently manage inventory.

Are Ghost Assets Haunting Your Inventory Control?

Supply Chain Game Changer

Do You Want Inventory Turnover Breakthrough? It’s still being recorded in inventory and accounting systems. After an asset has broken, been sold, been misplaced or otherwise become unusable, it sometimes doesn’t get properly accounted for in inventory and record-keeping.

Top 3 Most Common Inventory Control Policies

The Smart Software

The post Top 3 Most Common Inventory Control Policies appeared first on Smart Software.

End to End Supply Chain Visibility - Solving The Data Problem

inventory more clearly, you can see. inventory. 1DIGITAL TRANSFORMATION, END-TO-END VISIBILITY, AND. THE "DATA PROBLEM". Given the macroeconomic cl imate and the. Amazon effect," many companies are. looking to digital ly transform their. businesses. For decades, businesses have largely.

This Week in Logistics News (April 8-12, 2019)

Talking Logistics

Therefore, it’s only fitting that the latest deadline for reaching an agreement has been pushed out to October 31, 2019 — yes, Halloween. The post This Week in Logistics News (April 8-12, 2019) appeared first on Talking Logistics with Adrian Gonzalez.

Metrics that Matter: Inventory Effectiveness

QAD

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Best Practices for Inventory Effectiveness.

Smart Software to Present at NESCON 2019

The Smart Software

provider of industry-leading demand forecasting, planning, and inventory optimization solutions, today announced that Greg Hartunian, CEO, will present at the NESCON 2019, New England Supply Chain Conference & Exhibition Keynote. Smart Software, Inc.,

Stop Leaking Money with Manual Inventory Controls

The Smart Software

An inventory professional who is responsible for 10,000 items has 10,000 things to stress over every day. The post Stop Leaking Money with Manual Inventory Controls appeared first on Smart Software.

Apparel and footwear: At what point is missed sales better than excess inventory?

Kinaxis

In adidas’s recent earnings call, CEO Kasper Rorsted warned that adidas would miss its 2019 growth target because its supply chain was unable to meet the huge demand for its mid-priced apparel, especially in North America. by Harish Iyer.

Design, Operating and Situational Inventory Trade-Offs

ToolsGroup

Gartner analyst Paul Lord has developed a framework to better understand inventory trade-offs by categorizing those decisions according to the objectives they are meant to achieve: structural, operational and situational. or “How can we reduce inventory and improve our balance sheet?”.

Welcome to 2019: 5 Retail Trends You Need to Know Now

JDA software

That means more businesses will be honing their inventory types and levels to drive the right products closer to consumers for faster response times. Expect to see that market share increase in 2019. What are your retail predictions for 2019?

This Week in Logistics News (March 4-8, 2019)

Talking Logistics

This data allows project44 to deliver predictive insights enabling users to eliminate costs related to demurrage fees as well as reduce inventory stock outs and manual workload. The post This Week in Logistics News (March 4-8, 2019) appeared first on Talking Logistics with Adrian Gonzalez.

Inventory Management Remains Challenging

Enterra Insights

Every business person who deals with inventory management is involved in a balancing act. Keep too little inventory on hand and you risk losing sales and, on occasion, customers. Keep too much inventory on hand and the costs add up resulting in lower profits. It’s little wonder inventory management systems have gained popularity. ”[1] He adds, “Even with all this power, there are several disadvantages to inventory control worth considering.”

How Do You Create the Right Inventory Balance?

Arkieva

How Do You Create the Right Inventory Balance? was first posted on July 24, 2019 at 11:36 am. ©2017 Inventory Management inventory optimization Inventory ControlStriking the balance between overstocking and understocking should not always be a guessing game.

QAD Cloud ERP 2019 and Other Solution Innovation Highlights

QAD

As of April 2, 2019, we are pleased to announce the availability of QAD Cloud ERP 2019, the latest version of QAD’s flagship ERP solution that includes the Channel Islands User Experience (UX) and the QAD Enterprise Platform. QAD Cloud ERP 2019 Highlights.

Freight Data Trends for 2019 and How a TMS Will Grow in Value

Cerasis

The application of data can help shippers gain control of shipping costs and make informed decisions, and the top freight data trends for 2019 exemplify how the use of a transportation management system (TMS) can further this cause.

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ToolsGroup and Optimas to Discuss Supply Chain Planning Digital Transformation at North American Supply Chain Executive Summit 2019

ToolsGroup

BOSTON (Sept 5, 2019) – ToolsGroup, a global leader in supply chain planning software, shared details of its participation with Optimas Solutions, a leading global industrial distributor and service provider, in the North American Supply Chain Summit (NASCES19), taking place September 10-11 in Chicago. . ToolsGroup takes a fundamentally different approach by helping companies better understand their demand, resulting in increased service, minimized inventory and freed up working capital.

Reveal Your Real Inventory Planning and Forecasting Policy by Answering These 10 Questions

The Smart Software

In this blog, we review 10 specific questions you can ask to uncover what’s really happening with the inventory planning and demand forecasting policy at your company.

Excess Inventory? No Problem. You Have Trailers In the Yard.­­

Talking Logistics

With the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, companies can combine flexible storage options with advanced technology to create an end-to-end supply chain solution that works. But even as developers have flooded the market with new inventory, some retailers are still having trouble finding adequate, flexible space. The post Excess Inventory?

Inventory Optimization by Type of Stock

Vanguard Software

Depending on the categorization of your inventory (cycle stock or safety stock), the approach to coordinating and optimizing inventory levels is unique.