article thumbnail

Robots Take Center Stage at MODEX 2024

Logistics Viewpoints

Fetch Robotics This solution consists of a fleet of robots that can navigate autonomously in a warehouse, using sensors, cameras, and lasers to avoid obstacles and collisions. The robots can perform various tasks, such as transporting goods, picking orders, sorting items, and replenishing inventory.

article thumbnail

What you can gain with an inventory management system

Taulia

Inventory management is the term used to describe the approach an organization takes to source, store, track, and sell inventory. For companies that have large volumes of inventory, it is usually advisable to use a dedicated system to manage inventory. What is an inventory management system?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tracking Consignment Inventory: A Comprehensive Guide to Best Practices

RFgen

KEY TAKEAWAYS: Consignment inventory is distributed inventory to a retailer from a supplier, without the supplier transferring ownership of the inventory. Accessibility, strong data capture, and ease of use are all critical components when determining what consignment inventory software to use.

article thumbnail

Inventory Management vs Product Information Management (PIM)

Supply Chain Game Changer

What is Product (or Master) Data Management? The following Product Information Management (PIM) article was written by guest author Alex Borzo, a content contributor at Amber Engine , a software company passionate about eCommerce. There is a way to aggregate, organize and clean-up data without all the manual toil.

article thumbnail

How AI is transforming manufacturing Part 2: Inventory management

SYSPRO Smarter ERP

Manufacturers have incurred significant financial losses due to supply chain disruptions and the subsequent inventory management challenges. Companies struggling to manage their supply chains often lack data for decision making, have siloed systems and inefficient inventory management practices.

article thumbnail

Importance of a Balanced Inventory Management System

Vinculum

The organization uses different technologies to operate the inventory to enhance productivity to the pinnacle at a cheap rate and is easy to access in a sophisticated and straightforward way. And approximately 18% of the midsize or small companies have inventory set up in 2020. Inventory Optimization, to a more significant extent.

article thumbnail

Comprehensive Guide to Mobile Inventory Management Systems

RFgen

Overview: What is mobile device inventory management? With so much information out there about inventory management best practices, it can be hard to determine what steps to take to make improvements. Mobile inventory systems are a proven “must-have” solution for enhancing materials management.