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.

Top Talking Logistics Posts & Episodes (Q1 2019)

Talking Logistics

Based on the top Talking Logistics posts and videos this quarter, it’s clear that transportation management remains a hot topic of interest — everything from how to navigate the twists and turns of the market to how to leverage transportation management systems (TMS) and emerging technologies to drive continuous improvement. Even our most popular post, which dealt with excess inventory and yard management, had a transportation bent to it. Excess Inventory?

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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 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

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. Supply chain and logistics people spend. Today when supply chain and logistics teams are tasked.

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

Talking Logistics

If you’re a robot looking to write a guest commentary for Talking Logistics, please contact me. Therefore, it’s only fitting that the latest deadline for reaching an agreement has been pushed out to October 31, 2019 — yes, Halloween. Today’s post was written by a robot.

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

Talking Logistics

And with that, here’s the supply chain and logistics news that caught my attention this week: Walmart Toughens Delivery Demands for Suppliers (WSJ – sub. P&G and Wayfair: More Shippers Taking Direct Control of Logistics Operations.

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?”.

Using Digital Payments to Streamline the Logistics Process

PINC

Here are five ways going “digital” on the payment side helps make logistics processes more time- and cost-efficient for shippers. The logistics industry is about speed, efficiency, and accuracy. The post Using Digital Payments to Streamline the Logistics Process appeared first on PINC.

Number-one Talking Logistics post of 2018!

PINC

In the very last days of 2018, we received a very flattering note from Adrian Gonzalez informing that our CEO's guest article landed the number-one position on the Top 10 Talking Logistics posts of 2018 ! Talking Logistics digital inventory digital supply chain inventory robotics

Video 130

End to End Supply Chain Visibility - Solving The Data Problem

inventory more clearly, you can see. inventory. ClearMet al | Solving the Data Problem in Supply Chain Transformation ClearMetal is a predictive logistics company that uses AI to enable supply. 1DIGITAL TRANSFORMATION, END-TO-END VISIBILITY, AND. THE "DATA PROBLEM".

3 Supply Chain Trends to Keep on Your 2019 Radar

Logistics Bureau

3 Supply Chain Trends to Track in 2019. Source : Logistics Management 2018 Distribution Center Survey. . Adoption of the latter two solutions is gaining momentum as logistics operators seek to make warehouses work smarter rather than harder.

Excess Inventory? No problem. You have trailers in the yard.­­

PINC

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.

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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.”

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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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?

PINC is a Food Logistics’ FL100+ Top Software and Technology Provider

PINC

Leader in digital yard management and inventory solutions recognized as critical for companies in the global food and beverage supply chain. food logistics fl100 digital yard management yard management system inventory robotics

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Top 7 Benefits of System driven Inventory Projections

Arkieva

Scientific and system-driven Inventory Projection facilitates a quick decision-making process and enables a prompt analysis of alternative what-if scenarios. The following are the top 7 benefits of system driven inventory projection.

Six Ways Warehouse Inventory Management Software Optimizes Efficiency

IQMS

The Warehouse Inventory Management Software market grew to $1.4B Warehouse Inventory Management software and systems help reduce infrastructure costs and enable the reallocation of existing IT resources to drive productivity improvements, according to IDC.

What’s The Best Inventory Storage System for Ecommerce Shops?

ShipBob

Storing inventory is a necessary part of running any business that sells physical goods. As an ecommerce business, it can be tough to know which inventory storage system is the best for your business. What are inventory storage solutions? 3 types of inventory storage solutions.

Is Technology Revolutionizing or Simply Changing Logistics?

Enterra Insights

”[1] Many pundits claim new technologies are revolutionizing or transforming logistics. Kushal Nahata ( @kushalnahata ), CEO and Co-founder at FarEye, writes, “The need to deliver on rapidly evolving customer expectations and simultaneously ensure profitability are driving businesses to rethink the way they have been executing supply chain and logistics operations. Disruptive technologies transforming logistics. How technology is changing logistics.

How Logistics Is Proving that Amazon Needs to Be Regulated

Freightos

They build internal tools and then offer them as a service – just like Amazon warehouses were first used for their inventory and then opened up for FBA sellers, trucking will go the same way. From a logistics perspective, I think she’s on to something. The Logistics of Dominance.

The Marijuana Supply Chain: Is Home Delivery Next?

Logistics Viewpoints

appeared first on Logistics Viewpoints. Life Stories Logistics Trends Inventory Management marijuanaIt used to be that if you wanted marijuana, you got the flower bud and smoked it in either a joint or pipe of some sort. Today, however, the options are expanding.

Guide to warehouse inventory replenishment: the best models, systems, and processes

6 River Systems

Inventory replenishment is an indispensable part of warehouse operation management that controls the efficient flow of goods throughout an entire supply chain (and thus, greatly affects fulfillment times). This requires the use of inventory replenishment systems, such as those outlined below.

Vinculum at IRCE 2019, Chicago: Enabling Seamless Shopping Across Channels

Vinculum

Vinculum is coming to IRCE 2019, Chicago to help brands, 3PLs, e-tailers, and brand distributors scale up their business and sell anywhere, faster through: Automated catalog listing on marketplaces. Order and inventory management. Date: 25-28 June 2019. About IRCE 2019.

Transportation in 2019 and Beyond: Key Factors Impacting Supply and Demand

Talking Logistics

As we begin 2019, what are the key lessons learned from last year, and what trends and factors should shippers keep an eye on to make sure they’re able to respond effectively to whatever happens in the transportation market in the weeks and months ahead? Robinson , in a recent episode of Talking Logistics. But what also came out of the session was a feeling that with new capacity now coming on-line, we should see better balance in 2019. What to watch for in 2019.

Inventory Management Mistakes: What Supply Chain Leaders and Managers Need to Know

Veridian Solutions

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. Failure to understand inventory needs.

How BT is Building a Connected Supply Chain Amidst Ongoing Transformation

AIMMS

We spoke with David Mackenzie , Transformation & Inventory Director at BT, to learn more about this shift and the role AIMMS has played in enabling it. Our inventory managers work with demand and supply forecasting across our business.

Dropshipping in Omnichannel: The Secret Sauce for Success

Cerasis

Dropshipping effectively eliminates the burden of maintaining inventory and opens the door to less risk within an organization. Logistics Omnichannel Dropshipping in Omnichannel

Digitalisation of Logistics Industry and its Impact

20Cube Logistics

With rapid growth in technology, the logistics industry across the globe is experiencing a paradigm shift with fast track development driven by unique innovation and sturdy growth in the evolution of technology.

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5 Ways to Reduce Your Inventory the Right Way

EMERGE App

Here, we’ll start by covering what reducing your inventory means. Then we’ll summarise some inventory holding costs that you might not know about. Finally, we’ll cover 5 ways that you can take to sensibly reduce your inventory now. Set Inventory Reorder Points.

How Artificial Intelligence and Global Economic Factors Affect Inventory Optimization

ThroughPut

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management.

How Setting Par Levels Can Help Improve Your Inventory Control

Unleashed

Interestingly, par is also applied to inventory management. Par represents a level of inventory stock that is normal to have on hand to prepare you for any given circumstance. If your inventory stock levels go below the determined par level, this is a sign that more inventory stock is needed. The par level is ideal for maintaining a healthy balance of inventory stock. Business Tips inventory classification inventory control inventory management safety stock

Centralised Inventory Management: Is it right for you?

Unleashed

Inventory management is a game changer when it comes to retail profitability. When your inventory is managed well, other parts of your business reap the benefits. However, the importance of inventory management isn’t always appreciated and can be overlooked by business owners. This is interesting because, from a financial point of view, inventory is one of your greatest assets. If you overstock your inventory, this becomes a liability.

Improve Your eCommerce Inventory Control by Avoiding These Common Mistakes

Unleashed

Inventory is the necessary part of any business and proper eCommerce inventory control is one of the essential components for business growth. A crucial element of this inventory control is ensuring consistency of stock across all sales channels. With the 24/7 shopping convenience of online stores, eCommerce inventory control is more significant than ever before. eCommerce inventory mistakes. Improper inventory tracking. No inventory transparency.

Four Strategies To Deploy As Supply Chain Hits Main Street

Supply Chain Shaman

There is no logical connection between inventory strategy and logistics optimization or the multiplicity of rules—allocation, ATP, inventory matching, routing—and planning engines. Second Step: Understand the Role of Inventory. Current Levels of Inventory.

3 Benefits of Warehousing Services for Your Business

PLS Logistics

Proper storage of goods has always been an essential asset of a smooth logistics strategy. Blog 3PL inventory retail logistics stock management warehouse warehouse management