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.

To DC Or Not To DC? That is the Warehouse Design Question!

Supply Chain Game Changer

The cost of adding a Distribution Centre in terms of capital expenditure, operating costs, inventory breakage, systems, and organizational support can be extensive. The post To DC Or Not To DC? Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

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Holiday Logistics: 5 Things Any Shipper Can do Now in the Warehouse or DC to Plan & Stay Competitive

Cerasis

shippers need an efficient and effective Distribution Center (DC) to support this consumer spending peak that takes place typically at this time of the year. Benchmark DC Systems to Handle the Volume. Make your Inventory Omni-Channel.

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Holiday Logistics: 5 Things Any Shipper Can do Now in the Warehouse or DC to Plan & Stay Competitive

Cerasis

shippers need an efficient and effective Distribution Center (DC) to support this consumer spending peak that takes place typically at this time of the year. Benchmark DC Systems to Handle the Volume. Make your Inventory OmniChannel.

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8 DC and Warehouse Slotting Considerations for More Efficient Warehouse Operations

Cerasis

If you are a manufacturing company or distributor, you most likely are using a warehouse or distribution center to make sure you are able to store inventory, replinish store fronts, and easily send goods to customers or receive goods for manufacture or distribution. First Things First, Do You have all The Tools To Set You Up for DC Or Warehouse Slotting? Your Warehouse Management System (WMS) must reflect these storage locations for proper location control in your warehouse or DC.

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Practicing Social Distancing while Keeping Inventory Moving during COVID-19 pandemic

PINC

live/drop, type of inventory, type of equipment, load status, etc.). Previously, the driver would be waiting in the lounge to talk to the DC after completing check-in.“ – L.

Is Inventory Optimization a Key to Omnichannel Survival?

ToolsGroup

Industry analysts have pointed out an obvious fit with inventory optimization. If retailers optimize their inventory—dynamically aligning their supply chains to changing customer preferences and behavior—they can position inventory to satisfy demand at the lowest possible cost.

Three New Ways Retailers Can Improve Inventory Performance

ToolsGroup

By using data to stock items with higher forecasted demand, they can reallocate cash that would normally be tied up in poorly performing inventory, avoid margin erosion from markdowns and dead stock, and increase overall on-shelf availability metrics.

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Strategic Logistics: 8 Steps to Controlling Inventory Flow & Driving Warehouse Efficiency

Cerasis

Today we will talk about the flow of strategy as pertains to inventory flow and driving warehouse efficiency. Staying Strategic in the Warehouse with Better Inventory Flow. Throughout the entire order fulfillment process, companies have a duty to ensure optimum warehouse efficiency by appropriately controlling inventory flow. Warehouses should also consider implementing these best practices to ensure effective warehouse management and maintain control and flow of inventory.

Editor’s Pick: The Ideal Inventory Optimization Approach for Omni-channel Retailers

Talking Logistics

In this post, Scott Fenwick, Manhattan Associates ’ senior director of product management, describes how to take inventory optimization in an omni-channel environment to the next level. There are many reasons why: When the distribution center (DC) is out of something displayed on the website, it can be fulfilled from store inventory. What do superconsumers have to do with inventory optimization?

3 Key Multi-Echelon Inventory Optimization Challenges and How to Overcome Them

Arkieva

When it comes to inventory optimization , companies often have to play a delicate balancing game to ensure that they have optimal levels of inventory. If your forecast numbers are too high, you run the risk of holding costly excess inventory and reducing available cash on hand.

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Inventory Allocation: How Retailers Can Find the Perfect Balance

Slimstock

For anyone looking to minimize operating costs while maintaining margins, inventory allocation is one area that simply cannot be overlooked! Inventory Allocation Explained – Why You Need a Strategy. Inventory Allocation Rules: What Parameter Should Be in Place?

How AI Solves the Riddles of Inventory Management

Aera Technology

by Kaushal Dave, Vice President of Cognitive (AI) Solutions, Aera Technology The problems that pervade inventory management are well known: Excess inventory languished in warehouses, tying up millions of dollars in working capital. How can we best manage expiring inventory?

Inventory and forecast data from retailers: After your product ships (Part 2)

Alloy

Without this visibility into available inventory and focus on looking ahead to the future, you’ll find it hard to deliver the data-driven recommendations that retailers are looking for from their top partners. a case of phantom inventory that brands also need to watch out for.

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Three Key Trends From The WERC DC Measures Survey

Lucas

WERC’s Annual DC Measures Survey is a great tool for benchmarking your distribution center and warehouse operations, but it’s also a valuable resource for identifying trends across the industry. The metrics cover inventory, warehouse operations, financial, and labor-related measures.

SLOTTING YOUR WAREHOUSE OR DISTRIBUTION CENTER (DC)

The Lean Supply Chain

Your Warehouse Management System (WMS) must reflect these storage locations for proper location control in your warehouse or DC. You should concentrate on this 20% and have them available for picking upfront in your warehouse or DC.

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The Future of Distribution and Fulfillment – What We Know, and What We Will Find Out

Logistics Viewpoints

ARC Advisory Group, in partnership with DC Velocity magazine, has just launched an online survey of logistics practitioners to evaluate the future direction of today’s distribution facilities, technologies, and practices. The survey is designed to obtain a multi-faceted overview of the changing demands placed on fulfillment operations and how practitioners are responding by adjusting processes, investing in technology, reconfiguring DC layouts, and expanding networks.

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Spotlight on PROMAT 2019: USA trends in DC Equipment and Digital Consciousness

Logistics Bureau

In this article, I will give you a glimpse of some of the distribution centre (DC) trends and technologies that Australian firms should be aware of. Inventory and network optimisation is forecast to reach 75% adoption over the next two years, and 90% over the next five years.

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The Most Profitable Hub and Spoke Replenishment Model

Herlitz Inventory Management

Retailers with multiple locations inevitably have to deal with higher inventory costs because they need to hold the same items in multiple locations. Hub and spoke means that instead of having each distribution center order from various vendors individually, one DC acts as a hub.

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Replenishment 101: What is replenishment?

SupplyPike

Just one Walmart DC is one million square feet, so it can be tough making sure all products are where they need to be. The system aggregates Out of Stock quantities at the DC level. What is replenishment?

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Five good habits that make for better supermarket inventory management

RELEX Solutions

There are few challenges in retail tougher than managing groceries ; optimizing a broad inventory that includes fresh and short-shelf-life products is not easy. In DC environments we usually do this by introducing batch level inventory balances with ‘sell-by’ date information.

Supply Chain by the Numbers for Week of June 1, 2018

Supply Chain Digest

DC Workers Increasingly Expensive, Salaries for Procurement Professionals Make Big Jump in 2017, Best Buy Makes Bet in More Inventory, Chinese 3PL Giant Making Huge Logistics Investments

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Why a Demand Signal Repository is key to a shelf-connected supply chain

The Network Effect

Mirroring store-level ordering policies by writing algorithms that estimate store order policy logic at the DC so that CPG companies can optimize both replenishment and transportation. Yuko Honda/Flickr.

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Nike’s Global E-Commerce Distribution Center in Leuven Belgium

NC State SCRC

In turn, these containers sit for about 5 days before being transported to the Nike distribution center next door and stocked inside the DC. The choice of Leuven, Belgium as the site for Nike’s DC may seem like an odd one.

The Inventory Balancing Act: What’s Tipping the Scales?

Supply Chain Nation

Inventory optimization has always focused on two intersecting balancing acts—balancing supply and demand, and balancing inventory costs with customer service levels. First, they want to Improve Inventory Control and Accuracy.

Replenishment in a Shelf-Connected Supply Network

The Network Effect

With full execution control, any remaining forecast error can be managed in such a way that minimizes its impact on customer service levels as well as replenishment costs, without over-investing in inventory. Accurate store inventory data is required to forecast shipments with low error rates.

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How Adding Ship-from-Store to an Omni-channel Strategy Changes the Retail Network

Talking Logistics

Additionally, ship-from-store improves margins by providing demand to slow moving inventory trapped at a store. Utilizing store inventory to ship e-commerce orders enables the last remaining units for the entire country. In a time when even small retailers are competing with companies such as Amazon, the ability to ship from store can be a differentiator, enabling new points of distribution without the cost of adding a new distribution center (DC).

Five Elements of Successful Sales Forecasting

Logility

Without good demand planning, companies face the situation of unhappy customers, late shipments, cancelled orders, excess inventory, longer lead times, expedited shipping costs, and a host of other potential issues. DC Replenishment. If not, you are not alone.

Neat Little Bows—There’s a better way to manage your promotions

The Network Effect

Some retailers went so far as to have separate logical inventory buckets in their distribution centres – one would hold promotional inventory and the other would hold regular inventory. If a store needed to replenish regular stock, a pull order would be triggered to the DC.

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Improving Your Manufacturing Operations Using Warehouse Automation  

NC State SCRC

With inventories shrunk to a minimum, any hiccup in deliveries from the warehouse can idle machines and even entire production lines. In the warehouse, this breaks into two areas: automating the physical movement of goods and automating the capture and use of inventory records.

RFID, AIDC and IoT News on More Insight into RFly Technology from MIT for Taking DC or Store Inventories with RFID, Drones

Supply Chain Digest

Key is Use of a Relay on Drone to Repeat Signal to Reader, Expanding Reach Range 10 Fold versus Current Technology

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My Vision for Supply Chain 2020? Deep Integration!

Arkieva

If I look at retailers it is still common to have private label suppliers stuffed with inventory, central or regional DC’s stuffed with inventory and shops stuffed with inventories. I was lucky to pursue a Phd in multi-echelon inventory optimization.

The Amazon Revolution, Part II: Tuning Your Multichannel Supply Chain to Compete

ToolsGroup

Supply chains inventory pools must be positioned to fulfill a wide item assortment that is customer behavior agnostic, a ccommodating both e-commerce or brick-and-mortar purchases. An Amazon recruiting poster. In the retail revolution, Wal-Mart first brought low-cost goods to the shelf.

Vinculum is a part of Gartner Magic Quadrant for WMS (2017-2020)

Vinculum

Gartner defines a warehouse management system (WMS) as “a software application that helps manage and intelligently execute the operations of a warehouse or distribution center (DC).”

How to interpret demand-sensing data

The Network Effect

Demand Sensing is really a call to action for every company because now the capability exists to manage the entire process from demand signal capture to both short-term and long-term forecasting, resulting in increased sales revenues and decreased inventory costs. Nic McPhee/Flickr.

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