article thumbnail

AI Creates an Efficient Inventory Management System

All Things Supply Chain

Effective inventory management can be an invaluable asset for any organization. With the right management system, a business can improve inventory visibility, optimize its supply chain and navigate shortages.

Inventory 243
article thumbnail

10 Commandments of Inventory Management

All Things Supply Chain

Amongst the primary operations of running a supply chain department is inventory management. Any issues pertaining to inventory… General Inventory management inventory management supply chain supply chain inventory

Inventory 195
professionals

Sign Up for our Newsletter

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

article thumbnail

Retail futures: How to harness data to revolutionize inventory management

All Things Supply Chain

billion online… General Inventory management COVID-19 data disruptions inventory inventory management retail retailers supply chainCovid-19 lockdowns accelerated a shift to online shopping that was already well under way.

Inventory 175
article thumbnail

The Importance Of A Balanced Inventory Management System

All Things Supply Chain

Operating a warehouse requires knowing where inventory is at all times. Within this hustle and bustle… General Inventory management balanced inventory inventory management inventory management system warehouse

Inventory 184
article thumbnail

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.

article thumbnail

How Businesses Can Respond to Disasters by Repositioning Inventory

All Things Supply Chain

Directly after a natural disaster that outstrips a community’s ability to respond, various third-party organizations and… General Inventory management inventory inventory management natural disasters repositioning

Inventory 189
article thumbnail

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. Know Your Inventory Levels.

article thumbnail

Contactless Stocktaking – Added value in warehouses through statistical inventory sampling

All Things Supply Chain

While international supply chains are slowly recovering from the global lockdown, the situation… General Inventory management inventory management supply chain supply chain management2020 will certainly be remembered as a year that changed our habits and conventions in many ways.

Inventory 223
article thumbnail

Inventory backorders and their impact on inventory control

Orderhive

The post Inventory backorders and their impact on inventory control appeared first on Cin7 Orderhive. Inventory Control Inventory Management Inventory Backorder

article thumbnail

Perpetual Inventory vs. Physical Inventory: What Are the Major Differences?

Finale Inventory

Perpetual inventory systems and physical inventory systems attempt to keep businesses organized and provide them with data that can help them make accurate decisions and know the correct amount of available inventory. What Is Perpetual Inventory? Inventory Management

article thumbnail

A Guide to Inventory Accuracy

Finale Inventory

An accurate inventory also lets you plan around future shortages and demands. Because inventory is vital for business functions, your counts should be as accurate as possible. We’ve put together this guide to inventory accuracy to help. What Is Inventory Accuracy?

article thumbnail

Supply Chain Balancing Act: Meeting Customer Needs in the Era of Constrained Supply and Volatile Demand

Speaker: Tony Darnell, Shipping Manager at Lippert Components

Join this webinar to learn about the evolution of supply chain management in the Post pandemic era of constrained supply and volatile demand. Like a candle burning at both ends, businesses are struggling to manage supply alongside rapidly changing customer demands.

article thumbnail

Is Inventory Considered a Current Asset?

Finale Inventory

Whether your business deals in raw materials, components and parts or finished products, your inventory is an essential source of potential revenue. Is Inventory a Current Asset? Inventory is often also a current asset. Inventory — I. Inventory: N/A.

article thumbnail

Nike touts ‘tremendous progress’ on inventory

Supply Chain Dive

Much of the retailer’s revenue surge was driven by markdowns, analysts said, and inventory is still up 16% year over year

article thumbnail

How to Take Physical Inventory

Finale Inventory

And the best way to keep track of your on-hand items is with thorough inventory counts. With the right inventory strategy, you avoid product shortages and ensure inventory accuracy. Physical inventory counts consist of counting your in-store products in person.

article thumbnail

Protected: Leveraging Right Sized Inventory’s Patented Technology in New and Different Ways to Solve Complex Supply Chain Problems

Let's Talk Supply Chain

To view it please enter your password below: Password: BLOG Business Strategy Demand Planning Manufacturing Technology Warehousing/Inventory/Distribution inventory optimisation software inventory optimization analytics inventory optimization software inventory optimization tools lets talk supply chain optimization inventory Right Sized Inventory right sizing inventory stock optimization software supply chain blogs supply chain inventory optimization supply chain tech supply chain technology

article thumbnail

Effective inventory management for your grocery store

Orderhive

The post Effective inventory management for your grocery store appeared first on Cin7 Orderhive. Retail Strategies Inventory Management inventory management for grocery store Effective Inventory Management

article thumbnail

TMS+: Go Beyond Transport to Optimize Cost, Service, & Resiliency

In the aftermath of the pandemic, supply chain inadequacies have been revealed in a new light. In order to thrive, companies need to take a more synchronized approach. Learn why a holistic “TMS+” approach is integral to success in the new normal and beyond.

article thumbnail

The Exciting Use of Drones for Inventory Control!

Supply Chain Game Changer

In my experience companies always had a need for Inventory Control and an annual inventory count during which all operations were shut down for at least 2-3 days. On top of the annual inventory count there were ongoing manual cycle counts throughout the entire year.

article thumbnail

Understanding the Inventory Audit Process

Finale Inventory

Conducting an inventory audit can seem confusing at first. What Are Inventory Audits? Completing inventory audits is an essential part of your business’ workflow. This will reveal any discrepancies in inventory or finances. The Inventory Auditing Process.

article thumbnail

Controlling Warehouse Inventory Errors

Finale Inventory

Inventory management requires careful error control. While we have more ways to control warehouse inventory errors than ever before, we can still make mistakes. Discover the kinds of warehouse inventory mistakes you can make and how to prevent them.

article thumbnail

QuickBooks Solution Provider Program Helps Finale Users with Inventory Accuracy

Finale Inventory

Finale Inventory is proud to announce that we’ve joined Intuit’s QuickBooks Solution Provider Program. Small business owners can reduce errors and save time on manual transactions all while increasing efficiency with our tightly integrated inventory and accounting solution.

article thumbnail

Digital Transformation: Why You Can’t Afford to Wait

This playbook offers manufacturers a realistic and viable guide to balancing immediate needs with future-focused strategy.

article thumbnail

9 Signs You’ve Outgrown Your Current Inventory Management Software

Finale Inventory

While inventory and stock are not the most glamorous areas to manage, they are necessary to your business’s success. That’s why every business needs an efficient inventory management system, whether upgrading an existing system or choosing a better inventory management option.

article thumbnail

5 Ways to Improve Inefficient Inventory Management

Finale Inventory

As businesses look for improvements in their companies, they should consider assessing their inventory management systems. Prioritize inventory management efficiency today and discover how you can improve it with five essential tips. What Causes Inventory Inefficiency?

article thumbnail

7 Tips for Small Business Inventory Management

Finale Inventory

If you already own or are gearing up to start a small business, one thing you have to pay extra attention to is inventory management. For small businesses, inventory management is one of the most integral parts of the entire process. Invest in Good Inventory Management Software.

article thumbnail

5 Inventory Management Tips for Unpredictable Times

Orderhive

The post 5 Inventory Management Tips for Unpredictable Times appeared first on Cin7 Orderhive. Inventory Control Retail Strategies Inventory Management 5 inventory management tips

article thumbnail

Elevate Your Supply Chain Resilience With Scenario Planning

Speaker: Robert Olszak- Vice President, Global Supply Chain Optimization, RGP

Join Robert Olszak, Vice President at Global Supply Chain Optimization, as he discusses how to better prepare for the next generation of supply chain management with industry-leading inventory and network optimization tools.

article thumbnail

Inventory Collaboration Datasheet

ivalua

The post Inventory Collaboration Datasheet appeared first on Ivalua

article thumbnail

Maersk taps drones for warehouse inventory management

Supply Chain Dive

Four facilities are already making use of the Verity drones, and the company is planning to deploy the tech further in 2023

Inventory 135
article thumbnail

Amazon Selling Partner API (SP-API) Migration and Inventory Management

Finale Inventory

MWS enables you to perform numerous functions, such as managing inventory, reports and orders, creating inbound shipments, and tracking and managing outbound shipment requests. The post Amazon Selling Partner API (SP-API) Migration and Inventory Management appeared first on Finale Inventory.

article thumbnail

Storing Products 101: Tips for Protecting Your Inventory

Finale Inventory

Your inventory is the life of your business. This guide will take you through factors you should consider to ensure your products’ safety, as well as ways to keep your inventory organized. 8 Ways to Store and Protect Your Inventory. Use Automated Inventory Software.

article thumbnail

Bringing AI to inventory optimization

SCMR (Supply Chain Management Review)

is combining historical data and new sources of data with AI and machine learning to recommend promotion strategies and inventory allocation down to the shelf level Antuit.ai

Inventory 121
article thumbnail

How Macy’s has managed to avoid inventory glut

Supply Chain Dive

Chief Supply Chain Officer Dennis Mullahy outlines the retailer's approach to inventory management heading into peak season

Inventory 126
article thumbnail

Learning by Doing – What Netflix can teach us about AI-driven inventory management

All Things Supply Chain

To become more… Editor's Picks General Inventory management artificial intelligence inventory managementSome years ago, a small company called Netflix had a very good idea. Back when they started their business in 1997, it was a DVD rental company.

Inventory 186
article thumbnail

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. Guest Blog Post Inventory Managemen

Inventory 105
article thumbnail

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 ? Subscribe Here!

article thumbnail

The Role of Shipping Labels in Inventory Management

Finale Inventory

Inventory management and shipping labels go hand in hand, with these labels providing valuable information about the package’s origin, destination, handling requirements and much more. In short, shipping labels have a wide-reaching effect on many different parts of inventory management.

article thumbnail

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. The post 5 Inventory Management Mistakes to Avoid!

article thumbnail

Inventory Holding Cost — The Ultimate Guide of 2022

Procurement Tactics

Inventory Holding Cost — The Ultimate Guide of 2022. Inventory holding costs are one of the fees that an organization or business incurs. In this article, we will discuss what inventory holding cost is. What is Inventory Holding Cost? Components of Inventory Holding Cost.

Inventory 130
article thumbnail

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

Inventory 144
article thumbnail

Disciplined inventory management helped Macy’s weather tough 2022

Supply Chain Dive

The retailer has relied on data and analytics to forecast demand and make decisions around purchasing and pricing

Inventory 132
article thumbnail

Under Armour’s inventory up 50% as supply chain loosens

Supply Chain Dive

After the "lean" quarters of 2021, Under Armour's inventory is starting to normalize — though the brand has had to discount heavily to keep it moving