Remove Inventory Remove Sourcing Remove Strategy Remove Warehousing
article thumbnail

The Role of AI in Predictive Maintenance for Automated Warehousing

Invata Intralogistics

In the swiftly changing world of logistics and supply chain management, the advent of automated warehousing stands as a transformative force, offering unmatched efficiency, speed, and dependability in handling inventory. Enhanced Decision Making AI predicts potential issues and recommends the most effective maintenance strategies.

article thumbnail

Inventory Glut: Strategies and Insights for Modern Retailers

ShipBob

If you don’t have enough inventory on hand you risk selling out. Too much, and you’ll be stuck with an inventory glut. An inventory glut occurs when a company has surplus inventory and the stock of products far exceeds its demand. What is inventory glut? Inventory glut affects businesses both large and small.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Unlocking the Power of Inventory Control Techniques

Logility

In today’s fast-paced and unpredictable global market, the secret to maintaining a competitive edge lies in a key area—robust inventory control techniques. It’s no longer a luxury but a necessity, a critical cog in the wheel of successful supply chain management and warehousing. billion each year.

article thumbnail

Robots Take Center Stage at MODEX 2024

Logistics Viewpoints

Fetch Robotics This solution consists of a fleet of robots that can navigate autonomously in a warehouse, using sensors, cameras, and lasers to avoid obstacles and collisions. The robots can perform various tasks, such as transporting goods, picking orders, sorting items, and replenishing inventory.

article thumbnail

A Supply Chain Leader’s Guide to Managing Disruption With Modern Analytics

But, as leaders know, adapting to change is rarely a simple task and requires a fresh look at existing processes in planning and sourcing, inventory management, warehousing & distribution, and more. Key topics covered: Eliminating friction points and coping with the continual disruptions through a modern data strategy approach.

article thumbnail

Winning the Inventory Game: Proven Strategies to Dodge Stockouts and Overstocking

RFgen

In the world of inventory management, stockouts and overstocking can be detrimental to business success. To stay ahead in today’s highly competitive market, organizations must adopt smart strategies for avoiding inventory stockouts and overstocking. Stockouts Stockouts occur when the warehouse runs out of a particular item.

article thumbnail

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. Whatever inventory management methodology is chosen, the realization that supply chains are vulnerable will require a re-assessment of practices and KPIs in order to keep goods flowing in a predictable and manageable way.