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.

The Most Important Distribution Center Metrics to Track and Understand

Cerasis

Many of the following distribution center metrics to track closely mirror those found within transportation and manufacturing, but this listing will focus on those involved in distribution centers. What Distribution Center Metrics Need Tracking?

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Inventory Optimization

Removing the barriers to optimized distribution planning

DELMIA Quintiq

Suboptimal distribution planning continues to be a barrier to gaining more value in the oil & gas industry. Every oil & gas company is unique, and with each company comes a unique distribution reality. Take a look at inventory as an example. Distribution Oil & Gas

Key Questions for a Successful Distribution Network

Speaker: Irina Rosca, Director of Supply Chain Operations, Helix

How many distribution centers do we even need, and is that number feasible? If we're going to offer the speed of shipping and variety of inventory that today's customers have come to expect, there are a lot of different questions that need to be asked.

Supply Chain Inventory Optimization – Beyond the Analytics

Cerasis

It is easy to make analytics the cornerstone of warehouse and distribution center management. While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. Siloed Data Must Be United for True Supply Chain Inventory Optimization. Better Inventory Management Needs Complete Control. Optimized Inventory Builds Credibility.

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. Inventory Optimization

7 Distribution Technology Trends Worth Discussing

Cerasis

Modern distribution technology has significantly changed how suppliers get their products to end-users, and consumers are driving changes in how Distributors use technology to better their business processes. As a result, you need to understand what distribution technology trends, as explained by Advantage Business Media and Lindsay Konzak of Modern Distribution Management , are being seen in today's distribution network and how they will impact future operations.

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

The technology world moves at a quicker pace than the world of manufacturing and distribution. The impact of complexity on inventory is not quick. To help, today I want to share some of the insights from our recent Inventory Optimization study. I remember the plane ride well.

12 Distribution Center Best Practices You Need to Implement Today

Cerasis

You know better than anybody that the layman would probably never believe how complicated distribution center management can be. Below are 12 distribution center best practices and other ideas to help you look for ways to make your operations and work environment sing like the well-oiled machines they are. . Order picking and distribution of any kind is a time-sensitive business, but when workers feel rushed, corners get cut —?and Distribution

Warehouse & Distribution Center Management: 5 Tips for Success

Cerasis

Today, Carl writes about his 5 tips for success Warehouse and Distribution center management. In order to maintain a successful distribution center in this business environment, you have to run an efficient operation in which you are constantly moving product and satisfying your customers. Many logistics experts assert that warehouses and distribution centers are virtually the same operation, but experts like Cliff Holste at Supply Chain Digest insist that they are not.

Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

A demanding distribution network comprised of producers, distributors and retailers. What is vendor-managed inventory? VMI is the process whereby a supplier or vendor manages and replenishes inventory at a customer’s location at the levels required by the customer.

Lean Inventory: Using Lean Initiatives To Manage Inventory

Cerasis

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. What is Lean Inventory Management? Attributes of Lean Inventory Management.

Lean 342

Travel Time Is Key to Lowering Labor Costs in Your Distribution Center

Cerasis

Travel time in the warehouse represents one of the biggest costs in modern distribution centers. Like transportation management for shipped product, effective labor management and lean processes in the warehouse are key to lowering labor costs in your distribution center. Effective Control and Management of Travel Time For All Orders Reduces Distribution Center Costs Control and management of travel time is based on reducing the amount of time to fill orders. Distribution

Inventory Management

LeanCor

Inventory management, network infrastructure, and labor deployment are all critical components necessary to meet this intense customer demand. Inventory Management Strategy. This leaves us with one option: pushing the boundaries of current inventory management practices.

Inventory, Revenue or Cost?

Adexa

Inventory generates revenue as long as it is moving! Lack of inventory at the right time means loss of revenue and potentially loss of market share. In the absence of a crystal ball there are many ways to increase the speed of moving inventory.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. It then uses this model to understand the impact of demand forecasting on inventory.

Pharmaceutical Manufacturers are Focusing on Direct-to-Patient Distribution

DynaSys

This is just one link in a long chain of organizations involved in the distribution process which also includes pharmacies and pharmacy benefits managers (PBM). The industry is investigating alternative distribution models in order to take greater control in the distribution process.

Is Inventory Waste or an Asset?

Supply Chain Shaman

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. Inventory is both.

Wholesale Distribution: Any Way You Want It?

Logility

Recently, I was listening to Journey, another of my favorite groups, while reading about the current state of the Wholesale Distribution Industry. The wholesale distribution industry in the US alone includes about 420,000 establishments with combined annual sales of more than $8 trillion.

Four ways Inventory Optimization can address tighter supply constraints

ToolsGroup

When supplies get tight, inventory optimization can help focus production around the most critical products while reducing requirements for other items. Inventory (both finished goods and materials) can then be allocated to more critical demand. Inventory OptimizationAs the (U.S.)

Analytics in Distribution and Manufacturing Taking Center Stage

Cerasis

Part of this drive toward more interest in analytics in distribution and manufacturing comes from the ability of analytics to reduce inefficiencies dramatically and increase productivity in both physical and virtual sales environments. Furthermore, analytics are becoming more widely available through the cloud, and manufacturers and distributors of any size can reap significant benefits from implementing analytics in their operation, explains Eric Smith of Modern Distribution Management.

Distribution and Dedicated Transportation Outlooks: 2019

NFI

Guest Blog: William Mahoney, Senior Vice President, Sales at NFI Distribution Outlook Inventory levels in 2019 will continue to grow creating the demand for more third-party warehousing space in the coming year. Inventory.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. It then uses this model to understand the impact of demand forecasting on inventory.

Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.”

6 Tips for Improving Warehouse and Distribution Center Efficiency

Supply Chain Game Changer

Things can always be faster when you work in a warehouse or distribution center. Major players like Amazon and Walmart have distribution centers all over the world, pumping out packages at lightning speed. Use Inventory Management Software. Subscribe Here! Email Address.

Drone-Powered Digital Inventory

PINC

Even though 90% of inventory is stationary in the supply chain, according to industry experts, inventory accuracy at distribution centers, warehouses, and plants ranges from 89% to 99% *. That’s because most of the inventory management process is still a manual activity. innovation inventory robotics Logistics Viewpoints warehouse drones

Distributed order management for the communications sector

The Network Effect

In our first post , we explained that the purpose of a distributed order management (DOM) system is to intelligently broker orders across the various systems and processes utilized by the multiple parties involved in replenishing an order. jkr1812/Flickr.

Calculating Finished Goods Inventory

EMERGE App

As a manufacturer of goods, you’re likely to have finished goods inventory in your business. In addition to worrying about sales forecasts and production schedules, there’s also the issue of properly calculating finished inventory for reporting and decision-making purposes.

The Bionic Supply Chain: The human, robotics, drones inventory management workforce.

PINC

If you happen to be in the Toronto area or are planning to attend the Distribution Logistics Summit in the first week of November in Toronto, Canada, I would like to invite you to attend the panel titled The Bionic Supply Chain.

The Impact of Mobile Commerce on Distribution Companies

Cerasis

Distribution companies are going to have some of the biggest impacts from mobile commerce. According to Clean Link , avoiding necessary updates within a given distribution system may result in information bottlenecks and lead to problems for the end-user. Also, updates are starting to become routine and frequent, so avoiding even a few updates could cause problems in your distribution network. Inventory Management Is More Data-Based. Distribution E-Commerce Logistics

Supply chain inventory optimization – Beyond the analytics

Kinaxis

by Alexa Cheater From designing, sourcing and manufacturing, to distribution and consumption, your supply chain is at the heart of your customer satisfaction levels. The equivalent of 7% of America’s GDP is tied up in inventory, and accounts receivable and payable.

Why probabilistic forecasting is better for inventory optimization

ToolsGroup

In this post we’ll explore how probabilistic forecasting not only creates better forecasts, but also improves inventory optimization by improving the stock levels at store and warehouse locations in your distribution network.

What’s the Difference Between Logistics and Distribution?

Supply Chain Game Changer

What is the difference between Logistics and Distribution? Without consulting a dictionary both Logistics and Distribution suggest imagery involving the movement of goods. Let’s start by considering the common definitions that are used for each of Logistics and Distribution.

The shape of a supply chain distribution network

Kinaxis

by Iman Niroomand Today, I’d like to discuss distribution networks shapes. A distribution network is a channel that a company uses to get its products from the manufacturer to the end customer. Among these factors, response time gets higher weight in establishing the distribution shape.

Best Practices to Get More Throughput and Capacity Out of Your Distribution Centers

Cerasis

Increased demand on your distribution centers from improved e-commerce sales, changing seasons, or other shopping patterns can limit your throughput. While expanding capacity with new construction is certainly one solution, other ways exist to get more throughput and capacity in distribution centers without major overhauls to existing operations. Small improvements can have significant impacts on your distribution center. Distribution Supply Chain

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.