What Is an Inventory Management System & Its Role in Omnichannel Fulfillment?

Cerasis

Supply chain leaders often interchangeably refer to both a warehouse management system and an inventory management system as one and the same. The post What Is an Inventory Management System & Its Role in Omnichannel Fulfillment?

Warehouse Management Systems: The What, Why and How

Vinculum

Warehouse management essentially refers to the monitoring, control, and optimization of complex warehouse and distribution systems. WMSs guide inventory receiving and put-away optimizes order processing and advice on inventory replenishment. Inventory Transparency.

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Warehousing KPIs

The Logistics of Logistics

To effectively and efficiently manage a warehouse, you need to use warehousing KPIs. Below is a listing of commonly used warehousing KPIs. Selecting Warehousing KPIs. Every warehouse is different with different goals and objectives, so choosing just the right warehousing KPIs is tough. Ideally, the KPIs chosen will align to the most important deliverables in your warehouse. Types of Warehousing KPIs. Warehousing KPIs. Inventory.

Functions of a Warehouse Management System – All You Need to Know

Vinculum

One of the key innovations that have transformed the logistics industry is the launch of warehouse management systems. So, what is a warehouse management system? Functions of a warehouse management system. Besides, it plays a pivotal role in warehouse space optimization.

8 Common Warehousing Mistakes and How to Avoid Them

Logistics Bureau

To say there is any one single way in which to manage a warehouse would be folly—much depends on the nature of the supply chain and of the warehouse itself. To help you keep on top of your warehouse management and ensure your storage facilities don’t generate undue supply chain costs, take note of the following eight common warehousing mistakes. 1: Holding Excess Inventory. These are all symptoms of a warehouse that doesn’t get enough love.

26 warehouse pros reveal the most important factors to consider when moving to an automated warehouse

6 River Systems

As warehouses embrace technology to optimize the supply chain and reduce fulfillment costs , many companies are considering making the move to an automated warehouse. That said, there are many factors to consider when moving to an automated warehouse. Warehouse Automation

A Comprehensive Warehouse Safety Guide!

Supply Chain Game Changer

When it comes to the state of working in America, warehouses have seen a huge increase of workers with over 1,000,000 total since the start of 2018. Warehouses, often full of moving machinery carrying heavy loads, are inherently one of the most dangerous places to work. Subscribe Here!

Real-World Scenario: Best Practices for Warehouse Contracts: Part One

Cerasis

When it comes to the logistics industry, whether it's transportation management contracts or warehouse contracts, there are a million moving parts, and as many questions. In the below is a real world example of a consultant coming to a third party logistics company with the goal of choosing a warehouse and 3pl provider. Currently they incur a annual spend of USD 380-420 Million for their warehousing needs, of which ~60% spend is for brand new six warehouses (average space of 1.5

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Are Ghost Assets Haunting Your Inventory Control?

Supply Chain Game Changer

Do You Want Inventory Turnover Breakthrough? It’s still being recorded in inventory and accounting systems. After an asset has broken, been sold, been misplaced or otherwise become unusable, it sometimes doesn’t get properly accounted for in inventory and record-keeping.

The Many Types of Inventory Management Technology

Cerasis

There are diverse types of inventory management technology and systems, designed to properly sort, control and act upon information with a company’s inventory. As explained by Kenneth Hamlett of the Houston Chronicle , the two dominant types of inventory management technologies include manual and automated systems. But, there are additional levels of inventory management in between. The basic and most limited type of inventory management system is a manual system.

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions.

Top 10 Features of an Autonomous Warehouse

3PL Insights

It’s said that an autonomous warehouse functions much like the way autonomous vehicles navigate the road. Robots move on their own throughout a warehouse, maneuvering around obstacles—they stop for human workers, pick up crates, and move them from one location to the next, moving through a packing system that may see very human hands. These robots fulfill the picking and packing at Amazon warehouses, continuing to refine Amazon’s process. Supply Chain Warehousing

Why Inventory Revaluation Is Your Next Important Task

Unleashed

All product-based businesses need to track the value of their inventory – and this goes double in a period of dramatic upheaval. The value of your inventory has likely changed thanks to the Covid-19 crisis, and you should consider revaluing it before you make any major business decisions.

50 expert warehouse order picking tips, strategies, and best practices

6 River Systems

The efficiency of order fulfillment from warehouses has become an important focus in logistics management as customers demand quicker deliveries. Warehouse order picking is an important factor in efficient order fulfillment. Allocate storage space as inventory levels shift.

Quarterly Report for On-Demand Warehousing Pricing and Usage: 2016 Summary

FLEXE

We wanted to know how pricing and usage of on-demand warehousing trended in 2016. In supply chain, traditional methods for managing inventory fluctuations with short-term solutions hasn’t been simple. On-demand warehousing is no different.

A Comprehensive Warehouse Safety Guide for Managers & Executives to Know

Cerasis

When it comes to the state of working in America, warehouses have seen a huge increase of workers with over 1,000,000 total since the start of 2018. Warehouses, often full of moving machinery carrying heavy loads, are inherently one of the most dangerous places to work. Warehouse

What Is an Inventory Management System & Its Role in Omnichannel Fulfillment?

Veridian Solutions

Supply chain leaders often interchangeably refer to both a warehouse management system and an inventory management system as one and the same. The use of combined supply chain systems ensures these processes continue disruption-free, even when those systems go outside the warehouse.

50 expert tips on improving warehouse efficiency & productivity

6 River Systems

Most warehouses are on an ongoing mission to maximize productivity by optimizing workflows, automating processes and reducing waste (both time and resources). More than 50% of your warehouse labor is in pick and pack, so start there. Cross-train your warehouse workforce.

6 Tried and True Best Practices for Lean Warehousing

LeanCor

Taking a standard approach to lean warehousing drives tangible and measurable results. These can include labor productivity, equipment and space utilization, and inventory reduction. Here are six key practices that have proven successful in lean warehousing.

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How To Prevent and Mitigate 3 Common Inventory Management Problems

Unleashed

When managing inventory, there are a wide array of challenges and problems that face business owners. Inventory is one of your most important assets. It’s imperative to prevent and mitigate inventory management problems in order to protect the lifeblood of your business. We’ll highlight a few of the common inventory management problems facing business owners and discuss how they can be mitigated with practical solutions. Inventory going off.

5 Ways to Put AI to Work in Your Supply Chain

Bristlecone

Step 1: Digitize your documents. Ghodke says an important first step to staying ahead of the competition is to move beyond manual data entry with an AI-driven technology like Document Digitizer. Blog DemandSense Document Digitizer Innovation Sense.ai

Optimising Inventory Management for Multichannel Businesses

Unleashed

Managing multichannel inventory requires clear and concise inventory strategies to combat the challenges associated with multi-platform sales. By increasing visibility, working with supply chains, reconciling inventory, connecting systems, and managing safety stock levels, you can improve multichannel inventory management. This also works on a larger scale with the ability to restock items from the nearest warehouse if a store runs out. Reconciling inventory.

What is Web Based Inventory Management Software?

EMERGE App

You run a lean business model with minimal overheads and using web-based inventory management software plays a big part in this. With the right user access permissions, Tom from the Warehouse will not have access to financial reports of Sally in Finance. Introduction.

EDI 846 Inventory Inquiry – Explaining EDI

SupplyPike

You would send an EDI 846 (Inventory Inquiry/Advice) to your buyers/trading partners to notify them of your on-hand inventory. EDI 846 documents are also commonly used for e-commerce vendors that utilize a drop ship management model. The Inventory Inquiry/Advice is an incredibly effective document for use between trading partners to properly regulate their respective stock of a product. EDI + Data Exchange edi EDI 846 Inventory inquiryWhat is an EDI 846?

EDI 846 Inventory Inquiry – Explaining EDI

SupplyPike

You would send an EDI 846 (Inventory Inquiry/Advice) to your buyers/trading partners to notify them of your on-hand inventory. EDI 846 documents are also commonly used for e-commerce vendors that utilize a drop ship management model. The Inventory Inquiry/Advice is an incredibly effective document for use between trading partners to properly regulate their respective stock of a product. EDI + Data Exchange edi EDI 846 Inventory inquiryWhat is an EDI 846?

The Past, Present, and Future of Technology in the Warehouse

Logistics Bureau

Imagine stepping back in time to visit a large warehousing operation in 1990. To save you from a meltdown, let’s take a brief journey through warehouse operating developments from 1990 to 2045. 1990: A Fine Vintage for Warehouse Operators. Warehouse Automation.

A Recommended Approach to Warehouse Layout and Operational Design

Logistics Bureau

Is your warehouse full of pallets sitting on the aisle instead of up in the racks? Is your warehouse operation inefficient? Does your warehouse storage and layout design desperately need optimisation? Perhaps it’s Time to Review Your Warehouse Design.

6 Steps to Effectively Implement an Order Management System

Cerasis

Being in control of your supply chain and warehouse is essential to your success, and warehouse management systems follow suit. Many warehouse managers and retailers often forget about the scope and value in planning. Supply Chain Warehouse

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Is Your Company on top of its Inventory Planning Game?

Logistics Bureau

Good inventory management, like everything else, starts with good planning. But planning isn’t just the start; it’s the very foundation of effective inventory control. Inventory planning also happens to be an area that many companies fail to prioritise sufficiently.

WMS and Cycle Counting: How to Reach Inventory Management KPIs

Veridian Solutions

Greater control and efficiency in modern warehouse management rests on the reliability and accuracy of your inventory management processes. Warehouse Managers need to understand the challenges of cycle counting, how the right KPIs can help, and how to leverage WMS and cycle counting best practices to develop the best inventory management KPIs. A Guide to the Warehouse Metrics Supply Chain Execs Should Track. Which Inventory Management KPIs Are the Best?

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8 Inventory Costing Methods That You Might Not Know About

EMERGE App

Inventory costing or valuation is an accounting concept that has a direct impact on your gross profit and thus taxable income. Methods of valuing inventory are simply different cost-flow assumptions about how to allocate your cost of goods available for sale. Retail Inventory Method.

10 Best Practices for Inventory Cycle Counts

EMERGE App

They’re disruptive I know but they’re an essential part of maintaining inventory accuracy. Here, we’ll introduce inventory cycle counting and show you how it can complement your annual stock take exercise. What is an Inventory Cycle Count? Introduction.

The Indispensable Role of WMS in Reverse Logistics

Cerasis

Warehouse Managers Underestimate the Importance and Demand of Reverse Logistics Brick-and-mortar sales are associated with an 8.9-percent returns rate, and this rate has been the standard measure for the amount of dedication for reverse logistics. Reverse Logistics Warehouse

On-Demand Warehousing “Best Practices” Guide for Warehouse Operators

FLEXE

<p>Do you struggle with losing money on empty warehouse space at different times throughout the year? Are you looking for a way to generate capital by renting short-term warehouse space to shippers in need of space?</p> </p> <p>On-demand warehousing might be the right fit for you. FLEXE's online marketplace connects people with extra warehouse capacity to those in need of extra space.

5 Steps to Live Life Simpler, Faster and Fuller with an Inventory Management System

EMERGE App

I thought you were going to write something about the benefits of using an inventory management system for my business? You want to run your business smarter, faster and more efficiently with an inventory management system. Why Does Inventory Management Matter? Introduction.