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

Logistics Viewpoints

As a result, inventory managers have to explore new ways to cope with full warehouses. Consequently, while others are celebrating a relative end to the pandemic, retailers are facing unwanted inventories piled up in warehouses. Unconventional solutions to excess inventory challenges.

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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.

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Why Is Promotion Planning Important In Inventory Management?

Logistics Viewpoints

Why should we consider Promotion Planning in Inventory Management? Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep. Also, business KPIs such as customer satisfaction and sales conversion is heavily dependent on inventory availability.

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Retail Inventory Management Tips to Get The Most Out of Your Warehouse

GlobalTranz

The wrong retail inventory management strategy increases carrying costs and makes it impossible to stay competitive. However, warehouse managers can overcome these obstacles by considering the main issues affecting omnichannel retail supply chains and implementing these key tips to break down barriers to efficiency.

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Automated Order Processing and Proactive Inventory Management

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

Organizations need to focus on demand driven supply planning, utilizing real time information on customer orders from all marketplaces (e-commence, Amazon - or other online retailers, and point of sale data from brick and mortar). Focusing on this information once per month during the S&OP meeting is too late for all business units to align.

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Supply chain futures: how to harness data to revolutionise retail inventory management

IT Supply Chain

The post Supply chain futures: how to harness data to revolutionise retail inventory management appeared first on IT Supply Chain. By Paula Biste (pictured). Business Consultant at Centric Software.

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Digital Inventory Management Key Battleground in Transformation of Brick-and-Mortar Retail

GlobalTranz

Although e-commerce represents 10 percent of total retail sales, it has had an interesting effect. It catalyzed brick-and-mortar retailers to offer online shopping opportunities, which require much more than manual inventory management practices. That’s two entirely different things. GET YOUR COPY HERE.