Archive for Inventory Management

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 […]

Read More →

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 […]

Read More →

JDA Focus 2018: The Launch of JDA Luminate

I am writing this post from Orlando, FL, where I am attending JDA Focus 2018. The theme of the conference was “Expectations. Fulfilled.” and based on some of the new product strategies that were announced, it seems to be an appropriate theme. The big news from the conference was the launch of the JDA Luminate Platform, a connected platform that combines next generation digital technologies with product enhancements to JDA’s core solutions. I talked with […]

Read More →

Drone-Powered Digital Inventory

Even though 90% of inventory is stationary in the supply chain, inventory accuracy at distribution centers, warehouses, and plants ranges from 89% to 99%*. In retail stores, this number drops to below 60%**. That’s because most of the inventory management process is still a manual activity. Knowing what inventory is on hand at any given time in the supply chain—and then tying that data to transportation and delivery—is a never-ending challenge for most companies. Overcoming […]

Read More →

Amazon Go – IoT to the 4th Degree

Amazon opened its check-out free Amazon Go convenience store to the general public last week. This high-tech low-touch store is a busy urban introvert’s dream. The opening triggered a second wave of media coverage that included descriptions of user experiences and a number of possible explanations about how Amazon is able to manage this high-tech customer experience. Amazon states on its website that this shopping experience is made possible by the same types of technologies […]

Read More →

Top 10 reasons why aerial robots (autonomous drones) for inventory management make sense

They are: Increased frequency of inventory checks Increased certainty of inventory levels Reduced losses due to inventory shrinkage More reliable financial reporting Better visibility to out-of-stock and excess inventory Increased velocity of order picking Savings in personnel costs or operations downtime Elimination of resources and equipment Staff redirected to handle high value activities Safer environment for employees I continue to stress that every company on the planet, that has a significant supply chain operation, is […]

Read More →

Omni-Channel Profitability Through Inventory Optimization

The challenges involved in achieving omni-channel profitability are not new. By now, the difficulties of executing on the omni-channel retail promise are well-known, as is the importance of delivering on this promise for consumers whose demands continue to rise. E-commerce advances, both in terms of market share and technology, have created the expectation that consumers can receive their purchases when and how they want them, no matter what they’re after – “out of stock” is […]

Read More →

3D Printing of Spare Parts: the Challenges are Surmountable

The opportunity to use additive manufacturing to print spare parts is widely recognized.  There have been challenges, but those challenges are becoming easier to overcome.

Read More →

Blue Apron and the Subscription Retail Supply Chain

The subscription retail model is not a new concept. The first basic model I can think of is a magazine subscription – a new magazine came every month unless you canceled your subscription. The first subscription service I used was Netflix, way back when the company only shipped DVD’s to your house. However, as the digital age took over, I moved over to the streaming format, and no longer have movies shipped to my house. […]

Read More →

Why Your Supply Chain Should Be Riding the Dynamic Waves Trend

Online retail has rocked order processing to its core. Large, pre-determined replenishment orders are the past. The amount of unique, one-off orders from consumers from anywhere at any time is constantly increasing. As a result, order sizes are consistently shrinking down to single unit fulfillment. Order cycle times are also waning. Twenty-four hour shipping is no longer the expectation. Customers expect same-day delivery. What does this mean for the distribution center (DC)? All aspects of […]

Read More →