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Inventory Management in a High Inflation Environment

Logistics Viewpoints

Inflation’s effects on inventory management policies are likely far from top of the mind of Logistics Viewpoints readers in today’s challenging times. However, today’s elevated rate of inflation warrants a closer look at optimal inventory policies.

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Inventory Management: We Can Do Better

Supply Chain Shaman

In my day-to-day work in supply chain management, I find more encounter more opinions than facts. …most discussions are fueled by over-zealous and self-serving marketing programs. Downsizing inventories over the past decade crippled the response.” Supply Management.

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Inventory Management: Technology Enablers

Kinaxis

by Andrew Dunbar The modern day inventory manager described in this series is the backbone of your company’s inventory planning process. She has a strong understanding of supply chain fundamentals and is an expert at controlling the key levers impacting the inventory company’s investment in inventory. All that’s left is to add a planning system that enables her to work effectively. So, what features should you look for in a good planning system ?

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Inventory Management vs. Warehouse Management

The Logistics of Logistics

Inventory Management vs. Warehouse Management. Original article: Inventory Management vs. Warehouse Management. That may be because a company might already have an inventory system and wonders what additional capabilities they will get with a new WMS.

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Enabling Assurance of Supply in the Global Marketplace

Speaker: Adrian Gonzalez, Tom Nightingale, and Martin Verwijmeren

Watch this insightful conversation about enabling assurance of supply in the global marketplace to better balance inventory and control costs.

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Editor’s Choice: It’s time for traditional inventory management to evolve!

Logistics Viewpoints

This article is from Zheyuan Du at Kinaxis and discusses unconventional solutions to excess inventory challenges. As a result, inventory managers have to explore new ways to cope with full warehouses. Unconventional solutions to excess inventory challenges.

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Better Inventory Management Requires International Suppliers To Step Up to Digital Transformation and Collaboration

Logistics Viewpoints

While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. Inventory management is challenging enough in normal times.

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Best Inventory Management Software for Your Business: Key Features & Considerations

Unleashed

Choosing the best inventory management software isn’t easy. This guide is designed to inform you which features are most important, the best time to invest in inventory software, and the costs you can expect to pay. Do you require a system that can scale with you?

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Effective Inventory Management Keeps Your Business Thriving!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Effective inventory management is one of the most important aspects of running a successful business. There are a few key things to keep in mind when it comes to effective inventory management : 1.

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Using Technology to Improve Inventory Management

GlobalTranz

Using technology in the warehouse is one of the most effective ways to improve inventory management and reduce returns. Since returns represent a significant cost to companies, it is imperative for retailers to take steps to improve inventory management and manage returns. Gaining control over returns is easier when systems are in place to automate.read More. Inventory Management Supply Chain Technology Improve Inventory Management

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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. What is mobile device inventory management?

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Why Is Promotion Planning Important In Inventory Management?

Logistics Viewpoints

The answer lies in promotion management. . What is Promotion Management? Promotion Management is defined as optimizing the utilization of tools, strategies, and resources to promote a product that will generate additional demand.

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The Future of Inventory Management

Kinaxis

by Andrew Dunbar This post concludes my inventory management blog series. Throughout this series I’ve proposed an elevated role for the inventory manager that challenges the assumption that an inventory manager is a victim of his colleagues’ business decisions and plays only a limited role in formulating inventory results. Inventory management is not a stand-alone business process that occurs after other processes are complete.

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Ecommerce Inventory Management: Why the Right Software is Key

Unleashed

Manufacturers and brick-and-mortar retailers have been using software to manage their inventory for years – but inventory management is even more important when you’re running a business that operates in the complex eCommerce space.

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Regaining control: Inventory management best practices (Part four)

Kinaxis

by Richard Cushing In part one of my inventory management best practices series I argue that inventory cannot be managed until it is controlled, and present the notion our general willingness to apportion blame upon unreliable data from enterprise resource planning (ERP) systems is misplaced. This isn’t because the ERP system is flawed. Work to reduce data latency – Data latency in your supply chain systems can be a source of really big headaches.

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Inventory Management Avoiding Data Driven Disasters – Targets and Monitoring

Arkieva

Inventory management (IM) is a critical component of any successful organization where the mechanics of measuring and monitoring inventory involve KPIs, dashboards, and data science.

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How to Master Multichannel eCommerce Inventory Management

Unleashed

Here we explain what multichannel involves, why it’s so complex, and how you can give your multichannel operation a strong foundation with a robust inventory management system. What is multichannel inventory management?

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Inventory Management vs. Inventory Optimization: What’s Wrong with ABC Inventory Classification?

ToolsGroup

ABC inventory classification has been around so long that most planners just assume it’s the only way to segment your inventory. Nearly all traditional inventory management applications calculate safety stock for each individual SKU-Location combination.

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How AI Technology Can Improve Inventory Management

Supply Chain Brain

There’s a pressing need to make inventory management more flexible, resilient and stable. Many companies are turning to artificial intelligence as a solution

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The Right Technology for Inventory Management

Logistics Viewpoints

Managing inventory in 2019 has become an even more complex challenge according to our industry peers and PINC customers. In my previous article titled “The High Cost of The One Percent Inventory Accuracy in Your Supply Chain“, I explored significant challenges, costs associated to inventory management, and what one percent of inventory accuracy represents to your operation. Guest Commentary Inventory Management

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16 Cost Reduction Strategies in Inventory Management

Unleashed

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. That makes sense – inventory is one of the most capital intensive areas for any product business. Learn more: Better Dropshipping with Inventory Management 5.

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Gain a Leading Edge in Inventory Management through Digital Transformation

DELMIA Quintiq

An increasing lineup of advanced digital solutions have given manufacturers the edge to transform and achieve better inventory control. The manufacturing industry is constantly searching for new and inventive ways to improve inventory management.

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Regaining control: Inventory management best practices (Part one)

Kinaxis

by Richard Cushing It happens to be axiomatic that you cannot manage your inventory if you do not control your inventory. Many times, I have been told, “Our people just don’t trust the numbers they see in the enterprise resource planning (ERP) system. Usually, this statement is followed by some negative comment about the ERP system being unreliable. Managing versus controlling inventory. Inventory management best practices.

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Barcoding and Inventory Management – the Ultimate Guide

Unleashed

In this guide to barcodes in inventory management: In order to apply barcodes to inventory management, it is important to understand the basics of the barcode system. How do barcodes integrate with inventory management software?

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The Go-To List of Ways to Improve Inventory Management

GlobalTranz

Today’s warehouse managers need better inventory management strategies. This is nothing new, but as the world has evolved, the ability to improve inventory management has evolved in stride. The post The Go-To List of Ways to Improve Inventory Management appeared first on Transportation Management Company | Cerasis. Inventory Management Supply Chain Technology Warehouse ways to Improve Inventory Management

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11 Inventory Management Best Practices

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Use ABC Analysis to Categorize Your Inventory. Subscribe Here!

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Five Reasons Why Are We Not Making Progress on Inventory Management

Supply Chain Shaman

Against my friends’ advice, I decided to drive to speak to 120 business leaders at the Gains Systems event. 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. ” As a result, many technologies post implementation do not move the ball forward.

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5 Inventory Management Mistakes to Avoid!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! A very important part of many businesses is managing inventory. Managing this inventory is very important and should not be underrated or ignored by businesses. Subscribe Here! Email Address.

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What is Inventory Management?

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Inventory makes the world go round. Trillions and trillions of dollars of inventories exist all over the world in every conceivable form and in every conceivable channel. What is Inventory Management ?

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

GlobalTranz

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?

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Inventory Management Levers – Success Through Collaboration

Kinaxis

by Andrew Dunbar So you’re an inventory manager, and your CFO just asked you to reduce inventory by 10% before year end to free up some capital for next year’s big investment in R&D. But then you look at historical trends and see that lately, your inventory has been growing by 3% each quarter. Below are five levers that I believe should be available to an inventory manager to help them effectively plan and manage inventory.

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PAR Levels in Inventory Management (with Formula & Examples)

Unleashed

PAR levels are used widely in industries that handle perishable items – such as hospitality and pharmaceuticals – to calculate the level of inventory needed for a given item so businesses don’t run out before their next delivery. Unleashed live inventory calculators.

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5 Reasons to Automate Inventory Management

Demand Driven Technologies

The decision to build a supply chain management system that responds flexibly to demand and market trends has always been both reasonable and far-sighted.

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A Basic Guide to ECommerce Inventory Management!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! In this digital age, one of the best ways to earn money is to sell unique products online with the help of an eCommerce platform, such as Amazon, Alibaba, etc. What Is Inventory Management In eCommerce?

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Inventory Management’s Crucial Role in the Supply Chain

Kuebix

What is Inventory Management and Why is it Important? Inventory management refers to the process of ordering, storing and using a company’s goods or materials. Ineffective management can result in excess inventory which runs the risk […].

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Re-imagining inventory management for a new normal

SYSPRO Smarter ERP

Inventory management was moving towards a just-in-time approach until the supply disruptions of the last year. Why inventory management is important. Active inventory management is a major contributor to manufacturing success.

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10 Small Business Inventory Management Tips!

Supply Chain Game Changer

Featuring Our 10 Best Inventory Management Articles! Small business inventory management tips article and permission to publish here provided by Simcha Michael. Let’s look at our highly recommended small business inventory management tips!