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and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems.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

Supply Chain Security: Playing It Safe

Inbound Logistics

Successful companies are concerned about inventory loss, fraud, terrorism, product tampering, diversion, counterfeiting, smuggling, the theft of proprietary information, and cybercrime. Here’s how to prevent these threats from negatively impacting your company’s bottom line and reputation

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and medical institutions struggle to provide adequate care due to inventory issues resulting from a dependence on outdated and inefficient supply chain management systems.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

Getting Inventory Right: Hope with Hype and Recycled Software?

Supply Chain Shaman

In parallel, I have been hard at work on a report on multi-tier inventory optimization for the last two weeks. In the research for the inventory optimization and the S&OP reports, I find a handful of VERY experienced SAP clients doing codevelopment with the SAP IBP product.

Blockchain can make global supply chains more efficient and secure

The UCLA Anderson Global Supply Chain Blog

Essentially, blockchain is a shared database that enables different users can append new data, authenticate user’s new data with strong cryptography, and provides incentives for other strangers to manage and secure updates. Christopher Tang.

Blockchain can make global supply chains more efficient and secure

The UCLA Anderson Global Supply Chain Blog

Essentially, blockchain is a shared database that enables different users can append new data, authenticate user’s new data with strong cryptography, and provides incentives for other strangers to manage and secure updates. Christopher Tang.

Real-Time Inventory Management: 5 Ways Advanced Computer Analytics Will Transform Traditional Inventory Management

Cerasis

Manufacturers have always struggled to obtain the most accurate inventory levels possible. A need for real-time inventory management has arisen, but until now, we didn't have a way to make it a reality. In our predictions’ blog post from earlier this year, we noted how customization will begin to replace traditional inventory management, and essentially, customization goes back to using computer analytics to generate a more accurate, successful view of inventory management.

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. Web encryption standards now ensure the security and privacy of data saved at remote servers. What to Expect from Web-Based Inventory Management Software.

What is Inventory Management?

EMERGE App

What is Inventory Management? Inventory management, in a nutshell, describes your efforts to manage, assess and report on the flow of your stock of goods. You might be using pencil-and-paper, spreadsheets or sophisticated inventory management software to do this.

How Artificial Intelligence and Global Economic Factors Affect Inventory Optimization

ThroughPut

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management.

Contrasting Financial Results and Supply Chain Strategies: Wal-Mart and Target

Supply Chain Matters

This week, two major U.S. based retailers, Target and Wal-Mart, each reported financial results that presented different perspectives on the importance of integrated brick and mortar and online merchandising strategies and strong, collaborative supplier relationships. Both of these retailer’s performance numbers point to an industry that continues to struggle with balancing investments in both online […].

IBM Helps Danone to Accelerate and Secure Order Processing and B2B Interactions Through a Smarter Commerce Partner Network

Supply Chain Network

IBM today (NYSE: IBM), announced that Danone, a leading global dairy producer, is working with IBM to provide a secure trading network for that helps expedite and automate business transactions with its customers, business partners and suppliers. Emerging Trends Information Technology News & Info Professional Communications RFID RFID Information Security social media Supply Chain Management Support Services & Industry Initiatives b2b business processes control edi visibility

Your supply chain is costing you money – Reason #5 Not having a supply chain risk management process

Kinaxis

If your demand decreases, you have excess inventory or idle capacity. IT security: This is also often ignored when thinking about Supply Chain risk. Not a pleasant idea to think about but something that is happening every day despite the billions of dollars spent on IT security.

3 Reasons to Take Your Inventory Management to the Cloud

DSI

With the holiday season in full gear, businesses race to keep up with customer demand and as a result, inventory management challenges rise to the forefront. To protect your bottom line, you need to know what’s in stock, what’s on order, and where and when it’s shipping—in short, you need real-time visibility into your inventory. Taking inventory management to the cloud builds on the expected benefits associated with a cloud deployment. Inventory Management Analytics.

Vendor Managed Inventory? Think twice and consider the risks!

Supply Chain View from the Field

Historically, businesses have used one of two extremes for inventory management: push-based or pull-based. Push-based inventory management uses demand forecast to manage inventory and replenish from the supply base. Pull-based inventory management, on the other hand, uses consumption to replenish from the supply base and manage inventory. Inventory levels actually increased at downstream (buyer) facilities.

This Week in Logistics News (March 7 – 13)

Logistics Viewpoints

Consumer Packaged Goods (CPG) Global Trade Inventory Management Labor Logistics Technologies Omni-channel logistics Regulations Retail Statistics Supply Chain Risk Management This Week in News Trade Security Transportation The unemployment rate edged down slightly in February 2015, to 5.5%. While the unemployment rate for teenagers decreased 1.7% to 17.1%, the rate for adult men (5.2%) and women (4.9%) remained relatively unchanged.

Get Started on Reducing Your Inventory Shrinkage

Unleashed

Inventory shrinkage can create major problems for businesses because it can result in a loss of sales and profits. The 2016 National Security Survey revealed that inventory shrinkage costs businesses a staggering $45.2 To help combat this expensive problem, here are five proven ways to reduce inventory shrinkage by putting some simple processes in place. Over 35 per cent of inventory shrinkage is due to employee theft. Track inventory shrinkage.

Achieving the Integrated Global Supply Chain

Supply Chain Network

Cash Supply Chain Definitions Education Emerging Trends Freight & Transportation Information Technology Inventory New Ideas News & Info Professional Communications Security Supply Chain Management Supply Chain RiskGuest post from Ned Blinick of 3rdwave.

Watch Your Cashflow Improve with Inventory Management

Unleashed

One of the primary keys to a healthy cashflow is inventory management. The following tips break down how you can improve cashflow through better inventory management techniques. By changing a few of your inefficient inventory tactics, you can free up more cash. Use an inventory management system. It’s hard to imagine doing business without one, yet so many companies are still in the dark when it comes to online inventory management systems.

Improve Your Financial Health with Better Inventory Control

Unleashed

There is a positive correlation between the quality of a company’s inventory control and its financial performance. Many financial ratios incorporate inventory values to measure aspects of a business’ financial health. For example: Inventory turnover ratio helps a business to plan and to more accurately forecast the cash necessary to reinvest in inventory stock based on past sales performance. They are an important cost to monitor when making inventory decisions.

Using ABC Analysis to Make Your Inventory Work For You

Unleashed

Whether you’re a manufacturer , a retailer or a trader, it’s important to keep on top of your inventory. Everything in your inventory has value – you’ve invested time and resources and money into each and every item, and you’ve done that because each and every item is worth something to someone else. Poor inventory control is expensive, especially if you sell or trade in a wide range of, or a high volume of, products.

The 5 P’s of Inventory Shrinkage

Unleashed

Inventory shrinkage is a term used to describe the loss of inventory. It is the difference between the physical count of inventory stock and the recorded quantity. Categorised as inventory waste, the four major types of inventory shrinkage are shop-lifting, theft by employees, clerical errors and supplier fraud. Shoplifting is the leading cause of shrinkage, accounting for over a third of all inventory shrinkage. Preventing inventory shrinkage.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

If they actually follow through on their promise and oil prices continue to rise next year, how will transportation, inventory, and sourcing policy decisions change in response? Source: Evan, Flikr. “I

Don’t Make These 8 Horrible Inventory Management Mistakes Before Halloween

EMERGE App

Not cleaning up the inventory skeletons in your closet can mean a difference between a ho-hum year and a bumper year. Here we’re going to cover some common inventory management mistakes that businesses make while winding up the year. Introduction.

MTO, MTS & ATO: Challenges & Opportunities

DynaSys

Excess inventory Service level under expectations Excessive supply chain costs Quality issues. In fact today, manufacturers need much more visibility, reactivity and security. Finally, security is important to manage product variability. A forecast is never 100% accurate, so to secure the business, safety stock is sometimes required.

Using Online Inventory Management to Give Your SME a Competitive Edge

Unleashed

As a small business competing in a large market, tracking inventory is the first step to grow into a successful company. Online inventory management for businesses of all sizes is becoming the new norm, with customer expectations of delivery times and stock availability becoming tougher for smaller businesses to meet. However, with developing technology and increasingly affordable online inventory management solutions, this advantage is now becoming available to small businesses.

Protect Your Bottom Line With a Smart Supply Chain Design Strategy

Talking Logistics

Here is how these companies are using transportation optimization, inventory optimization and demand modeling as part of their supply chain design strategy to tackle the price factor head-on. Use Inventory Optimization to Secure the Right Inventory Mix.

Intelleflex Announces Cellular, GPS-equipped RFID Reader & Cloud-based ZEST™ Data Services Platform

Supply Chain Network

To achieve full efficiency, the supply chain needs secure, accurate and timely data on the inventory status and condition of its products. ZEST provides easy access to secure, authenticated reader and tag data – without the need to interface directly with the readers.

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Mexico Back in the Supply Chain Spotlight

Talking Logistics

economic recession made companies decrease inventories, which increased their need for speed to market and shorter cash-to-cash cycles. Finally, I asked Troy about security, if it’s as bad as we read in the papers. Global Trade China cross-border trade Mexico NAFTA security Transplace transportation Troy Ryley It seems like we’ve come full circle with Mexico.

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This Week in Logistics News (June 24-28, 2013)

Talking Logistics

It provides the key warehouse management features needed to quickly deliver ROI, including the tracking and visibility of inbound orders, directed put-away, variety of picking methods, shipping, directed replenishment and inventory control. .

Top 6 Trends in 2019 Infographic

AB&R

The transition from Windows OS to Android will be a major focus for companies wanting to avoid being exposed to security vulnerabilities using Windows. Asset Management Blog Inventory Management Managed Services Manufacturing Mobile Workforce RFID Transportation & Logistics

4 Ways to Deal with Post-Holiday Inventory Now

EMERGE App

So, here are some practical ways to deal with post-holiday inventory in order of doability. This is, by far, the easiest and most logical thing to do with surplus inventory. Now, you need extra checks, balances, and security when selling your stock for cash. Introduction.

Checkpoint Launches First RFID-Based EAS Solution for Apparel Retailers

Supply Chain Network

NYSE:CKP), a leading global supplier of shrink management, merchandise visibility and apparel labeling solutions for the retail industry, today announced here at NRF Loss Prevention Conference & Expo its RFID Overhead EAS Solution, delivering benefits both for loss prevention and inventory visibility at the point-of-exit. Emerging Trends Information Technology Inventory News & Info RFID RFID Information Security Supply Chain Fraud Checkpoint Systems, Inc.

How to Fix Your MRO Inventory Squirrel Problem?

Logistics Bureau

Squirreling is one of the biggest hindrances to successful inventory management for MRO businesses, and field service technicians tend to be the biggest squirrels of all. Is your field workforce the biggest obstacle to effective MRO inventory management?

How IoT Will Transform Your Supply Chain

AB&R

Many people today monitor their security system, lights, thermostat, TV, and audio through an app on their phone. Blog Inventory Management Managed Services Mobile Workforce connected technology data IoT IoT in Supply Chain mobile device supply chain