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?

Video 146

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.

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.

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

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.

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.”

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.

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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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.

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?

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.

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.

Number-one Talking Logistics post of 2018!

PINC YMS

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

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.

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.

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

PINC YMS

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 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.

Supply Chain Visibility: Beyond “Where’s My Truck?”

Talking Logistics

How are companies leveraging supply chain visibility to deliver business benefits not just in transportation but across other supply chain and logistics functions? Now customer service can log into our system and see what is happening [without having to call logistics],” says Matt.

The Franke Story: Three Points to Learn about Supply Chain Complexity

ToolsGroup

According to Inbound Logistics , there are three main sources of supply chain complexity: meeting the needs of customers, globalization, and internal pressures. It allows you to consistently place better inventory bets than your competitors, especially for harder-to-forecast items.

The State of Supply Chain in 2019

Repl Group

At a time when nothing stands still for very long, we take a look at the state of supply chain management and logistics through the lens of three major trends to help you prepare for the future. euros in 2019. The post The State of Supply Chain in 2019 appeared first on REPL Group.

Seeking Logistics Perfection

Enterra Insights

Logistics professionals could adopt that statement as their motto. Half-a-decade ago, Apptricity analysts wrote, “In the world of supply chain and logistics management, perfection remains an elusive goal. ”[1] Between then and now, logistics has become a focal point in today’s e-commerce environment; but, the perfect order remains the elusive ideal. “Logistics companies cannot afford not to be innovative,” he explains.

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

PINC YMS

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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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.

7 Reasons Panama is the Latin American Supply Chain Capital with Demo Perez

The Logistics of Logistics

02:19] What was your first job in logistics? 03:52] You’re the General Manager of Logistics Services Panama. It’s growing and has allowed us to develop the infrastructure needed for logistics. Latin American consumers will say the same thing, so we need inventory close to them.

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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.

What’s the Difference Between Freight Management and Logistics Management?

Supply Chain Game Changer

What’s the Difference Between Logistics and Distribution? In business it is not uncommon to hear the words “Logistics Management” and “Freight Management” thrown around interchangeably. What is Logistics Management? Subscribe Here! Email Address.

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.

Retail Workforce Planning for the 2019 Holiday Season

Repl Group

Overworked and rushed employees mean small slip-ups like misplacing inventory in the backroom, and things showing up in stock online but not in store. . If you want to sell 50,000 TVs, it’s important for electronics to talk to logistics and know: Can you handle it?

The Digital Transformation in Logistics: Technologies, Barriers and Predictions!

Supply Chain Game Changer

The path to increased operational efficiency and customer satisfaction lies in the digitalization of logistics workflows. Emerging Technologies in Logistics & Their Potential Impact. trillion on logistics and supply chain within the next five years. Subscribe Here!

Keeping It Local: How Shorter Supply Chains Impact Supply Chain Planning

ToolsGroup

Of course trade-offs of higher manufacturing costs are balanced against reduced inventory costs, lower freight/logistics costs, lower duties and taxes and all the other parts of “total cost to serve”.

Advanced Shipment Notification Best Practices

OneSCM

Thanks to modern automation, the semi-new concept of an advanced shipment notification (ASN) is improving accuracy and lowering costs for logistics operations. Assign receiving capabilities only to authorized inventory receivers (separate from merchandising team).

Examining LogiPharma 2019 – Top 3 symptoms you caught the life sciences supply chain bug

Kinaxis

With LogiPharma 2019 in the books, a big congratulations goes out to all the organizers, speakers, vendors and attendees for a successful event. LogiPharma 2019 featured a strong lineup of speakers and life sciences supply chain industry experts who delivered valuable and relevant content, spurring attendees to participate with passion while host (and former Premiership Rugby match official) David Kurk injected a good dose of energy and humor to keep things moving. by Bill DuBois.