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Dan Gilmore is a recognized thought leader in WMS, with experience prior to his role at Softeon as the founder of Supply Chain Digest, CMO at RedPrairie (now BlueYonder) and as lead WMS analyst at META Group (later acquired by Gartner). Provide real-time, granular inventory and order visibility across an extended network.
So, the parking spots are getting more and more occupied with drop trailers, meaning lot capacity shrinks while finding the trailer with the highest-priority inventory becomes even harder. Problem number three: appointment scheduling is a mess. For various reasons, many drivers show up unexpectedly and at the same time.
In todays volatile retail landscape, organizations face unprecedented challenges across both category management and inventory planning. To remain competitive, retailers must embrace a comprehensive approach that taps into the synergy across all functions from category management to inventory allocation.
Getting the mix wrong comes with serious consequences — excess inventory on the one hand, and lost sales on the other. Not only does multi-echelon inventory optimization, driven by AI and ML, avoid large capital investments in parts and materials, but it also decreases warehousing resources, container space and waste.
From fulfillment analysts and omni-channel commerce managers to customer success managers, diverse functions are tasked with ensuring that inventory is properly rebalanced following a disruption. Due to a storm, one DC that’s carrying 40 units of inventory is suddenly out of operation. The result?
And we invite you to donate via this link: wck.org/blueyonder. Situations like this are extremely sensitive, and each customer must decide on their own what is the right course of action. The post Keeping the World’s Supply Chains Moving — Even During the Worst Kind of Disruption appeared first on Supply Chain Nation.
Today’s digital networks enable continuous real-time optimization where demand signals update instantly across all nodes, inventory positions adjust dynamically, and transportation and warehouse plans reconfigure automatically in response to changing conditions. Second, visibility is expanding from enterprise-centric to ecosystem-wide.
For retailers trying to align inventory with demand this 2023 holiday season, it’ll be like catching falling apples from an uprooted tree in full flight. Despite all the complexity in predicting the season, there are clear clues for how to tactically leverage inventory placement. It needn’t be too much of a juggling act.
They must track inventory, orders and returns in real time, at all times. And they need to manage their resources, from inventory and labor to forklifts and robotics, with incredible precision keeping all assets moving productively, while avoiding excess inventory and equipment downtime.
Inventory control represents a huge challenge for any retailer. In fact, inaccurate inventory is the single biggest cause of poor customer experience, according to a new survey by Blue Yonder. How did the company overcome its inventory issues? Over two years, The Source reduced its inventory investment by 19%.
Since the data is stale the planners are working with lead times that are significantly different from what inventory will actually be available. The batch planning systems can only replan the entire supply chain but can not incrementally fix only what is broken.
IHL’s latest report on the future of grocery shows some hard lessons learned from the 2020 disruptions, especially when it comes to inventory accuracy. This helps ensure that available inventory is the right mix of high-demand items, without having too much stock. Let’s take a closer look at why these technologies matter.
How can retailers connect the two, so that inventory is optimally located for that final leg of the journey? Linking demand and fulfillment with inventory planning remains an underexplored advantage that will help combat consumer expectations that span not just speed and convenience, but sustainability too. The “right now” requirement.
Surveyed organizations also highlighted the need for real-time, inventory data with nearly 70% stating that they were concerned with out stocks, overstocks and markdowns. What are your top inventory availability concerns? What are your top three inventory availability concerns?
Inaccurate forecasts lead to either excess inventory or stockouts, causing increased costs, an abundance of stock that cannot be sold, lost sales and customer dissatisfaction. Efficient inventory turnover is crucial in the fast-paced high-tech industry. End-to-end supply chain visibility. Sustainability and circular supply chains.
Retailers must enhance their inventory and fulfillment decisioning capabilities to thrive in this dynamic landscape. Efficiently allocating inventory across channels while minimizing costs is no small feat. Siloed processes, fragmented inventory visibility, and costly fulfillment practices plague their operations. Here’s how: a.
Reduce uncertainty, inventory and capacity requirements Inventory optimization becomes particularly valuable when tariffs increase carrying costs. Real-time data throughout the supply chain allows you to reduce many safety stocks that buffer against uncertainty.
Medtronic and BJC Health System exemplified this approach by rethinking consignment inventory models through collaborative process mapping and white-boarding sessions. This shift towards Vendor Managed Inventory (VMI) highlights the potential for innovative inventory management strategies that foster trust and transparency.
The customer wanted to offer forecasting, inventory optimization and store replenishment as a service, to grow their revenue and operate as a true 4PL, or fourth-party logistics provider. “In As a result, the LSP was able to quickly get the new forecasting, inventory optimization and replenishment capabilities up and running.
Businesses across APAC are gradually adopting AI and noticing clear benefits: Real-time visibility and better forecasting AI consolidates data from procurement, inventory, logistics, and fulfillment into one real-time view. About 30% believe AI significantly boosts productivity and cuts costs.
Product expiration dates, as well as temperature control and other special handling requirements, add to the challenge of accurately matching inventory to market needs. Digital warehouse management system (WMS) solutions are purpose-built to align resources, robotics and physical space for effective inventory management and order fulfillment.
The core of which is omni-inventory and omni-demand. Omni-inventory is about using all your inventory, across all channels and right back to your suppliers, to serve customers better, run operations more efficiently, and use the insights from those operations to plan smarter.
New scope of managed services brings new challenges for LSPs The scope of managed service is expanding from transportation to other supply chain services including inventory management, demand forecasting, supplier management, raw material sourcing, robotics, and supply chain and transportation modeling.
Blue Yonder OMS eliminates this pain point by dynamically displaying real-time inventory across the entire network. Enrich product pages with accurate stock levels and minimize out-of-stock with near real-time inventory information. Offer customers diverse delivery options that fit their schedule Shoppers love choices.
What if a sudden high-priority customer order comes in and inventory is scarce? Make profitable cost and service tradeoffs When a critical customer relationship is at stake, its easy to make on-the-fly decisions aimed at protecting that relationship like expediting a shipment or sourcing inventory from thousands of miles away.
Warehouse Ops Agent , which will fully brief you on the challenges for the day across picking, labor and inventory. Inventory Ops Agent , which will quickly explain unmet demands and identify broken Bill Of Materials (BOM)s or other data quality issues.
They explored how AI can improve forecasting and decision-making, reducing inventory and lead times. Participants discussed the challenges of achieving extended visibility in supply chains, highlighting issues like demand volatility, supply variabilities, and the need for better data sharing between retailers, manufacturers and suppliers.
Intelligent APS solutions transform massive amounts of data into smart plans aimed at meeting production deadlines and delivery dates, optimizing materials and finished inventory, and reducing operational costs across the manufacturing network.
Whether its an inventory management system, order processing or supplier communication, these point-to-point connections create informational gaps and inefficiencies. What sets it apart: End-to-end visibility and actionability at every node: Gain a single, unified view across your entire supply chain, from supplier to shelf.
Our warehouse management solutions have been instrumental in enhancing operational efficiency and inventory accuracy across various industries by offering real-time visibility and automation capabilities. Learn how Seedcom is streamlining its processes and optimizing inventory to support its daily operations.
Manufacturers and retailers must create accurate demand forecasts, get the right inventory in the right place, and line up labor, trucks and other assets. Achieving profitable, dynamic inventory optimization Huge holiday order volumes are fantastic.
In Part 2, we dive in further into five critical areas of this subject including field inventory, customer centricity, regulations, contract manufacturers, and business planning. Consignment inventory is consigned to medical offices, hospitals, or even patient homes.
3 rd -Party Marketplaces Are Great for Growth Third-party marketplaces are a great way for retailers to expand the range of their product offerings and can help to drive growth and customer acquisition without taking on the burden of all that new inventory directly. 40% of their online sales. So how to avoid these return-related pitfalls?
The first is reduction of inventory, which includes the work-in-process inventory and finished goods inventory. This can be done by reducing inventory in multiple sites and how they are stored. There are some inventories that do not move or move as fast. How would manufacturers reduce working capital? Sunil: Yes!
In every role inventory availability and protecting the company’s assets was always critical. is a contributing factor, inaccurate inventory management process and systems remain a big driver of the out-of-stock problem globally. in the first quarter – primarily from inventory shrink. While increasing retail theft in the U.S.
What’s the real cost of inaccurate inventory management? IHL Services, a global research and advisory firm, estimates that inventory distortion — the combined cost of lost sales from out-of-stocks, along with the deep discounts required to sell overstocks — will drive a $1.77 trillion problem of inventory distortion.
By getting products back into available inventory as fast as possible, retailers can significantly increase the chance theyll sell at full price. They can have resources in place to process the return quickly and speed it back into inventory. So whats the solution?
From extreme weather to port closures, disruptions all too frequently upset these teams’ carefully defined plans for getting inventory from Point A to Point B — leading to stockouts and dissatisfied customers. Intelligent Rebalancer can work across both inventory and order data to define the most efficient fulfillment plan.
A modern supply chain is more than the efficient movement of optimized inventory downstream to meet forecasted customer demand. Each of the functional areas — inventory management, assortment and space and pricing — influences the other areas because they are all connected to customer demand. And completely the opposite of reality.
Retailers must ensure that product information, pricing, inventory levels, and returns processes are consistent across all platforms. Inventory visibility and control Real-time inventory visibility is an essential cornerstone of peak seasons. If done well, 94% of consumers would repurchase if the returns process is easy.
The wholesale distribution business model has always been a challenging one, characterized by large product inventories, multiple trading partners, high transaction volumes, and cost-intensive logistics. It’s nearly impossible to re-allocate inventory in the most strategic, profitable way on the fly using manual processes.
That means fashion retailers must get returned products back in stores, or back into online inventories, as quickly as possible to capture the fleeting resale opportunity. Time spent out-of-stock is minimized, as products are quickly returned to inventory. Clothing trends and product seasons come and go with increasing speed today.
This methodology proves too slow to adjust to large volumes of supply chain exceptions where planners lack confidence in their plans efficacy from a logistics perspective, and transportation users do not have visibility of their adjustments impact on inventory and capacity.
The IDC MarketScape looked at whether the applications could support profitable decision-making, enhance both the pre- and post-purchase customer experience, position inventory accurately, and optimize the in-store experience. The IDC MarketScape report on Order Orchestration and Fulfillment evaluates 14 software vendors in this area.
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