How to Change Your Inventory Management Strategy in the Omnichannel Era

Elementum

As recent losses by H&M and other major brands illustrate, poor inventory management can be a major cause of financial distress. There are a few solutions for the problem of inventory management in the omnichannel era. The U.S.

6 Tips for Improving Warehouse and Distribution Center Efficiency

Supply Chain Game Changer

Go over your inventory and rate your products based on how often your employees need to retrieve them. Digital technology can take the guesswork out of inventory and warehouse management with employees scanning products every step of the way. Use Inventory Management Software.

Key Guiding Principles for Getting a Better Handle on Implementing Artificial Intelligence (AI) in Supply Chain Management

Arkieva

In fact, Gartner predicts by 2021, 40% of new enterprise applications will include Artificial Intelligence Technologies, where AI and Machine Learning promise to solve a plethora of problems faced by enterprises today, from better decision making to increased efficiencies and cost savings. The role of Artificial Intelligence (AI) in business activities has again emerged as a hot topic for 2017 and 2018.

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. Checkout-free concepts like Amazon Go will become more prevalent – their cashierless store concepts could top $4 billion in sales by 2021.

Surviving the Retail Apocalypse

Enterra Insights

With sophisticated algorithms, it can anticipate customer demand and improve inventory management across both stores and on-line.” The staff at Material Handling & Logistics magazine report, “A new survey finds that 85% of retail and 79% of consumer products companies surveyed plan to be using intelligent automation for supply chain planning by 2021.”[3]

Retail 100

Bringing Augmented Reality to Supply Chain

Elementum

million headset shipments by 2021, almost double from 2016’s 10 million. by 2021 compared to US $2.1B Supply chain management involves the flow, storage, and delivery of goods, services and inventory for consumers.

How Artificial Intelligence is Changing the Business Landscape

Enterra Insights

As we look further ahead to late-2019, 2020 and 2021, the need for AI/ML will be essential for businesses to stay competitive and will become the standard process companies will look towards to make intelligent decisions based on quantifiable data rather than traditional industry knowledge and executive instinct.”[2] AI systems can also help with inventory control, logistics movement, and numerous other retail-related activities.

Bringing Augmented Reality to Supply Chain

Elementum

million by 2021, almost double from 2016’s 10 million. by 2021 compared to US $2.1B Supply chain management (SCM) involves the flow, storage, and delivery of goods, services and inventory for consumers.

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This Week in Logistics News (August 27-31, 2018)

Talking Logistics

Toyota invests $500 million in Uber, will partner to deliver self-driving cars by 2021 (USA Today). Here are some details from the press release: “Ware2Go uses innovative online technology to match excess warehouse and fulfillment capacity with merchant demand to provide transparent inventory, order fulfillment and final delivery,” said Scott Price, Chief Transformation and Strategy Officer. “We’re

Is Hyperloop the Next Great Supply Chain Technology?

Kinaxis

The CEO of the company behind the test (Hyperloop One) estimates that the system will be transporting cargo by 2019 and passengers by 2021. They might allow companies to carry less inventory – perhaps using Hyperloop to rapidly source whatever parts or raw materials that can’t be 3D printed.

E-commerce and the Digital Path to Purchase

Enterra Insights

million by 2021, making the U.S. … Attempting to unite channels without properly setting up and maintaining inventory and order management is futile.” Retailers have always been curious about the paths consumers take when they decide something needs to be purchased. Historically, when consumers needed something, they made their way to a bazaar, a marketplace, or a shopping center.

What is the Best E-Commerce Order Fulfillment Service for You? Amazon FBA or 3PL?

Supply Chain Game Changer

dollars in 2016 to just over 485 billion US dollars in 2021. With Multi-Channel Fulfillment , you can fulfill orders from other sales channels using your inventory stored in Amazon order fulfillment centers. Subscribe Here! Email Address.

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Let's Get Digital: Supply Chains Are Going to Get Smarter in 2018

Supply Chain Nation

By 2021, 20% of the top manufacturers will depend on a secure backbone of embedded intelligence, using IoT, blockchain, and cognitive systems, to automate large-scale processes and speed execution times by up to 25%.

Three Mega Trends Driving Supply Chain Transformations

TMC

In fact, according to Statistica’s research, ecommerce sales are expected to increase 246% by 2021, to $4.5

Trends Shaping Industry 4.0

Enterra Insights

Jeff Hojlo ( @jeffhojlo ), program director for Product Innovation Strategies at IDC, predicts, “By the end of 2021, 25% of global manufacturers will apply machine learning to data across product development, supply chain, manufacturing, and service for more rapid decision support, improved quality, differentiated products, and innovative business models.”[3]. Industry 4.0

Trends 100

Technologies are changing the Logistics Picture

Enterra Insights

In another article, Nahata predicts, “By 2021, 25% of large global companies will be piloting or using artificial intelligence automation in transactional procurement.”[5] Krishnan concludes, “Infosys strongly believe that AI-driven data analytical tools will help Retail logistics leaders aggregate customer demand and simplify distribution networks, while managing inventory.” Supply chain professionals are like the military’s special forces.

Connecting the Dots on Amazon's patents in Logistics

Techgistics

I've dug into Amazon's patent filings over the last five years and mined the patent titles for keywords related to inventory and logistics. By 2021, Cowen and Co.,

The Top 5 Impacts of Artificial Intelligence (AI) in Logistics!

Supply Chain Game Changer

billion by the end of 2021. Robots are locating, tracking, and moving inventory inside warehouses, they are conveying and sorting oversized packages at ground distribution hubs. Another good example is from retail giant Amazon, who utilize computer vision systems which can help to unload a trailer of inventory in only 30 minutes compared to hours without using such systems. Subscribe Here! Email Address. Blog post originally published by Adam Robinson on [link].

Your Guide to Multichannel Selling

Unleashed

Many B2B companies combine back-office software, accounting systems, inventory management systems, and more. trillion in 2021. For example, retailers can manage their inventory using an online inventory solution. What is multichannel selling?

Three Renewal Strategies For Aging Warehouses and Legacy Warehouse Technology

Lucas

of total warehouse inventory is more than 50 years old and has clear heights of less than 20 feet—well below logistics tenant requirements.”.

Tackling the eCommerce Pick, Pack, and Shipping Process

EFT

By 2021, that number is expected to reach $4.5 Additionally, e-commerce also requires retailers to better understand their order profile, have an accurate and real-time inventory, include each SKU's dimensions and weights, and be able to receive and fulfill an order within a day to keep up with competition and consumer expectations. . A tectonic shift in consumer shopping habits is rocking the retail landscape, and the economic implications are staggering.

5 Technology Trends Manufacturers Are Relying On For Growth in the Second Half of 2018

IQMS

Advanced analytics spending globally is predicted to grow from $136B in 2016 to $232B in 2021, attaining an 11.3% An aerospace manufacturer producing mid-range personal and commercial aircraft is using an enterprise-wide mobile inventory tracking, traceability, and reporting system.

Smart Capital Investing in a Recovering Economy

synchrono

Earlier this year, the MAPI Foundation increased their projection for manufacturing sector growth for 2018 – 2021 from 1.5% Here’s how that happens: CONLOAD allows the user to establish a level of work-in-process (WIP) inventory to achieve optimal flow through the production process.

How does e-commerce affect warehousing?

3PL Insights

For that reason, warehouses need to take another look at the way they handle storage and inventory as well as the processes, materials and technology that go into picking and shipping.