Archive for Inventory Management

Tech Integration Keeps Shippers in Step with Customers

The exponential growth of e-commerce in 2020 has brought peak-like levels of order volume for many retailers since as early as March. Looking to the quickly approaching actual peak season, volumes are predicted to hit unprecedented levels, and carriers have been warning shippers for months to expect capacity crunches, increased surcharges/fees and other challenges. Shippers must overcome these challenges without sacrificing customer service, competitive pricing or margins to be successful and satisfy consumers, who still expect […]

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Editor’s Choice: Retailers: Is Your Transportation Strategy Ready for Peak Season?

Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. This week’s post comes from Logitsyx Technologies. Now is the right time for retailers to review their transportation strategy and consider the lessons they’re learning during the coronavirus pandemic.  For example, is the transportation strategy flexible? Is it scalable?  Has it met the demands of this unusual environment? Or are changes necessary? Here are six opportunities for retailers to optimize their transportation strategy to meet 2020’s peak season challenges.

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The Future of Drones is Now

Is the future of drones here? There have been plenty of trials that would indicate that home delivery drones are right around the corner. The FAA has loosened restrictions and selected eight companies to help establish technical requirements for home delivery. However, there are still a number of obstacles to overcome. But, for other uses, drones are getting the job done. This includes inventory management within warehouses and yards, monitoring equipment at ports, farms, and job sites, and re-stocking ships at sea. With these use cases in mind, the present and future of drones both look bright when it comes to drones.

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The Ongoing Impact of Coronavirus

Coronavirus continues to impact the world, stunting supply chains and the global economy. The impact has been far reaching, and at Logistics Viewpoints, we have documented many areas of concern, including the impact on manufacturing supply chains in Southeast Asia, the automotive and pharmaceutical supply chains, the high-tech supply chain, and the impact on retail. Steve Banker has also recently highlighted 20 things to keep in mind as we make contingency plans for the impact […]

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How The Modern Retail Store Is Wreaking Havoc on Wholesalers

Connected commerce has affected change at every echelon of inventory asset management. Retailer requirements now demand that wholesalers offer a new set of capabilities to fulfill their role in delivering on the customer value chain. As a result, wholesalers must implement a strategic inventory management solution to facilitate replenishment for their tier-one customers.

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The Right Technology for Inventory Management

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. In a recent podcast, an industry professional described how to better manage inventory in today’s dynamic business environment […]

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Inventory Optimization is the Lynchpin to Omnichannel Success

Success in omnichannel commerce requires solutions designed for the way customers shop today. Retailers should look for a demand forecasting and inventory optimization solution that understands digital demand is now being fulfilled through physical stores and can account for channel demand patterns and emerging omni-fulfillment strategies.

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The High Cost of The One Percent Inventory Accuracy in Your Supply Chain

If your company is experiencing inventory accuracy problems, the problem extends across your entire logistics network—and right to your end customer. Here’s how digital inventory technologies are helping companies solve those challenges. The supply chain industry is going through a transformation because customers’ expectations are changing and labor is hard to find and retain. If you add to that the national warehouse vacancy rate hovering at record lows and warehouses bloated with inventory pulled in […]

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Put Your Best e-Fulfillment Foot Forward with Dynamic Slotting

Two Kardashians just Tweeted and Instagrammed a photo of your product. A tidal wave of online orders spiked your system. Is your warehouse ready? Is it ready to deliver same-day? This might sound extreme, but it’s exactly where we are today in supply chain. Agility and rapid fulfillment no longer fall into the “buzzword” category—they’re the expectations of your customers. The key to delivering next-day or same-day fulfillment effectively and profitably is cut differently for […]

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Lineage Logistics: A Data-Driven Approach to Cold Chain

Towards the end of last year, Steve Banker and I met with Greg Lehmkuhl, President & CEO, Sudarsan Thattai, CIO, and Chris Timmer, SVP Sales and Value-Added Services from Lineage Logistics. The name Lineage Logistics may not be a household name, but that is something the leadership team is used to. However, Lineage, a mid-cap company based in Detroit, Michigan, is one of the world’s largest and most innovative temperature-controlled supply chain providers. The temperature-controlled […]

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