Supply Chain Inventory Optimization – Beyond the Analytics

Cerasis

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. With 7 percent of America’s gross domestic product (GDP) tied up in inventory, reports the 21 st Century Supply Chain Blog , your organization must go beyond the analytics and understand the broad impact of analytics in your company. Better Inventory Management Needs Complete Control.

Continuous delivery drives continued supply chain innovation

Kinaxis

If it’s been too long to remember, you’re likely lagging behind when it comes to supply chain innovation. Innovation is happening all around us, and at a pace so fast, it may make your head spin. Miscellanea Supply chain management supply chain innovationby Alexa Cheater.

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How Barcode Scanning Can Revolutionize Your Inventory Management

DELMIA Quintiq

New processes and innovations continue to reinvent the world of logistics. Implementing something as simple as barcode scanning can completely transform your inventory management system. Barcodes have developed from an early innovation to a nearly mandatory tool for.

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

Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

At the session, we discussed why companies have not made more progress on inventory management. In the case of Apparel and Automotive industries there are slight improvements, but they have shifted inventories to suppliers. Days of Inventory Pre and Post-Recession.

Inventory Checks Powered By Drones

PINC

Drones are enabling organizations to use employees more efficiently and improve inventory accuracy in a world where consumers want everything cheap and now. logistics innovation digital supply chain inventory drones inventory robotics

PINC nominated finalist for the 2017 MHI Innovation Award

PINC

PINC's inventory robotics solution, PINC Air, has been selected as one of the most innovative solutions of 2017. digital disruption supply chain logistics innovation digital supply chain drones inventory robotics

Turning New and Creative Ideas into Innovation

QAD

One of the hardest parts of innovation is figuring out where you need to innovate, and the areas that need it the most. But is that considered innovation ? Asking the Right Questions Doesn’t Always Garner Innovative Results. Reaching Beyond Existing Solutions to Innovate.

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.”

Supply Chain Innovation: Plan or Perish in the “Cold Chain”

ToolsGroup

Supply chain planners need to optimize inventory to maximize residual life while meeting service level targets. But loading up on short shelf life products begets obsolete inventory as products hit their expiry dates. This requires good demand planning and inventory optimization.

How do we Drive Invention to Innovation in Planning?

Supply Chain Shaman

At the event, James Rice, MIT, spoke on innovation, and his reflections on Clayton Christensen’s 1997 classic business book, the Innovators Dilemma. This is disruptive innovation. The spark from Invention to Innovation is slow.

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

PINC

More recent challenges, such as the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in from China during 2018 to get ahead of impending tariffs, have emerged creating an even more demanding environment.

5 Key Trends Driving Supply Chain Innovation

Talking Logistics

When we speak to supply chain leaders about innovations in their supply chain, it’s not always about drones, self-driving trucks, or automated warehouses. 2 Real-time Network Inventory Control and Planning. Too often we think about inventory in a linear way.

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Is Poor Inventory Performance Holding You Back?

Kinaxis

by Alexa Cheater Our partner Celestica recently published the following article, ‘ Is your company being held hostage by poor inventory performance? ’ Poor inventory performance can create a significant obstacle to growth and profitability.

How Modern Innovations Are Redefining Vendor Managed Inventory

Softeon

That’s what vendor managed inventory (VMI) is all about. Vendor Managed Inventory. Inventory is the most visible part of a supply chain, but it isn’t necessarily the easiest to balance. Consider vendor inventory from the 70s.

7 Innovative Warehouse Management Technologies to Adopt

Cerasis

Leading-edge manufacturers are partnering with providers of warehouse management systems to create customized software and smart robots that help manage the movement, storage and sorting of warehouse inventory. The increasing demand for higher levels of performance and flexibility in warehouse robotics is stimulating some innovative product developments and early adoptions of mobile warehouse robotics.

Inventory Obsolescence: It Can Get Complicated

ToolsGroup

Shorter innovation cycles, multi-channel complexity, and long-tail stock-keeping units (SKUs) accelerate the inevitable decline in value. According to Nucleus Research, in its July 2015 Research Note , companies can optimize inventory using the right algorithms.

An out-of-this-world showcase of supply chain innovation

Kinaxis

It’s a way to get inspired by some of the latest and greatest supply chain innovations around. Plus, they’ll be sneak peeks at some upcoming capabilities and details around how we’re delivering the latest innovations in supply chain even faster to Kinaxis customers.

How Peapod drives supply chain innovation and efficiency with analytics

AIMMS

It’s an exciting era for retail as companies continue to focus on creating and providing a great experience for their customers, while driving innovation and market share. Neither of those standard solutions deal with having a store-like warehouse that shares inventory with a store.

How Peapod drives supply chain innovation and efficiency with analytics

AIMMS

It’s an exciting era for retail as companies continue to focus on creating and providing a great experience for their customers, while driving innovation and market share. Neither of those standard solutions deal with having a store-like warehouse that shares inventory with a store.

Insights from Ryder Innovate 2014

Talking Logistics

Source: “Sustainability and Green Initiatives in Transportation & Logistics,” Jason Mathers, EDF, Ryder Innovate 2014. Inventory (inventory management policies and practices, optimizing inventory flow).

Innovating Spare Parts Logistics

Logistics Trends and Insights

Typically an expensive part of the supply chain, the management is often based on ‘just-in-time’ deliveries in order to keep inventory levels low. Since there are no minimum order quantity requirements, Volvo can maintain lower inventory levels in its warehouses.

Supply Chain Innovation: The Latest Gartner Supply Chain Predictions

ToolsGroup

Asset and inventory optimization (As noted in a previous blog , inventory optimization is actually a form of predictive analytics). Gartner analysts presented their latest supply chain findings throughout the two-day Gartner Supply Chain Executive Conference last month in London.

Design for the Supply Chain Pt 2: Innovative

Kinaxis

Principle #1: Good design “Is innovative” – The possibilities for progression are not, by any means, exhausted. For me, kanban is an example of an innovative design for managing inventory in the supply chain.

Innovations that drive business decisions forward

DELMIA Quintiq

Guy Kawasaki, former Chief Evangelist at Apple, talked about the ways in which companies could think about new methods of driving innovation.

Better Visibility Drives Supply Chain Value and Innovation

Talking Logistics

According to the research report “ Competing on Customer Experience: The Driving Force Behind Supply Chain Innovation ,” control tower visibility is hailed across the board, from above-average performers to late adopters, as both the second-highest investment priority and technology that will deliver the greatest value in the next five years. This in turn yields improved performance and customer experience – key indicators of supply chain leaders and innovators.

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

Cerasis

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. ” Vendor Managed Inventory Model: A Quick Back Story.

Medicine's Inventory Nightmare

Elementum

However, many hospitals and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems. These figures can be attributed to the fact that inventory management poses a particularly challenging task in the healthcare industry, where inventory needs constantly fluctuate, requiring meticulous tracking methods. medical supplies healthcare inventory management

A Fresh Take on Supply Chain Innovation

Supply Chain @ MIT

Venturing into unfamiliar territory offers a unique chance to innovate and make changes that benefit the business as a whole. Featured Innovation coconut water healthy drinks inventory management MIT CTL new product launches PepsiCo Supply chain innovation

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.

Retail 215

Top 5 Ways Inventory Tracking Technology Is Evolving

Cerasis

In fact, a recent survey of economic experts, reports Jeff Wacker of Retail TouchPoints, found up to 59 percent of retailers are making plans to invest in technology, which includes inventory tracking technology. Inventory Tracking Technology Leverages Internal and External Real-Time Data.

PINC named 2020 MHI Innovation Award Finalist

PINC

Union City, CA – February 7th, 2020 – PINC , the number-one provider of digital yard management and inventory robotics solutions to the world’s leading brands, is honored to be named as one of the four finalists in the New Product Category for the 2020 MHI Innovation Award with PINC AIR.

Medicine's Inventory Nightmare

Elementum

However, many hospitals and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems. These figures can be attributed to the fact that inventory management poses a particularly challenging task in the healthcare industry, where inventory needs constantly fluctuate, requiring meticulous tracking methods. medical supplies healthcare inventory management

Creating an Innovative Supply Chain

Enterra Insights

An oft-heard business battle cry is: Innovate or die! Weaver observes, “We have seen many businesses over the past several years run into problems due to a lack of supply chain innovation, slow reaction to changing market conditions and a resistance to change.” ” What drives supply chain innovation? Edwin Lopez ( @EdwinLopezT37 ), editor of Supply Chain Dive , asked a number of supply chain professionals, “What drives supply chain innovation?”

Supply Chain Predictions for 2018: Real-Time, Innovation, Cognitive, Blockchain, Industry-Academic Partnerships, and Taking a Stand!

NC State SCRC

Linton] co-authored The Living Supply Chain , which argues that “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory. This is how innovation ultimately occurs.