Archive for Inventory Management

Personalization is Paramount – Finding Success in the New Age of Retail

Retail is in the midst of a fundamental shift, thanks to the emergence of the digitally-savvy consumer. Shopping today often includes online product research, comparison price shopping between sites, online customer reviews and more – arming consumers with a wealth of knowledge before they even set foot in a store. While these behaviors have added a layer of pressure for many retailers who had grown accustomed to mainly relying on lower prices and shipping discounts […]

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 →

This Week in Logistics News (January 20 – 26)

In yet another impressive comeback, the New England Patriots topped the Jacksonville Jaguars 24-20 in the AFC title game to move on to their 10th Super Bowl, and 8th in the Belichick – Brady era. They will meet the Philadelphia Eagles, who crushed the Minnesota Vikings 38-7 in the NFC title game, a week from Sunday in Minneapolis, MN. Logistically, hosting the Super Bowl is no easy feat, given everything that goes into it. The […]

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 →

The Internet of Things Changes Logistics in the OEM Spare Parts Supply Chain

By offering IoT-enabled condition monitoring, spare parts, and equipment repair services, equipment OEMs can remotely monitor asset health in their customers’ plants, anticipate failures, order the parts, and often execute repairs before the failure occurs.

Read More →

Using Inventory Modeling to Develop a Holistic Inventory Strategy

Top supply chain officers across the industry were recently surveyed¹ on their biggest barriers to effective inventory management. Their top two responses were “Can’t Optimize Network Holistically” and “Demand Volatility”. It’s no wonder: often inventory placement decisions are made in a vacuum without considering the end-to-end supply chain impact. In addition, product demand has become more volatile and hard to predict over time. How do you predict how much inventory to build when you can’t […]

Read More →

Is Supply Chain “The” Source of Greater Economic Stability?

On Saturday I engaged in a rare weekend activity for myself – I actually thought about supply chain. I thought about the transition from “push” processes to greater use of demand pull in replenishment; how retailers are sharing downstream POS data with their suppliers to develop a more efficient supply network; how multi-echelon inventory optimization is now widely adopted; and how lean manufacturing and inventory management practices have evolved. In general, I was thinking about […]

Read More →

ProMat 2015: There’s More Than One Way to Skin a Cat

There is more than one way to skin a cat.  And the fat cat at ProMat is the high-volume of small, multi-line item orders being fulfilled by today’s distribution operations. ProMat 2015 has 808 exhibitors (and 35,000 attendees), so It’s difficult to boil down such a large and diverse set of offerings to one concept, but the changing fulfillment requirements driven by e-commerce is the closest thing to it. The warehouse automation and software vendors at […]

Read More →

Is Your Supply Chain Weatherproof?

Individuals living in the higher latitudes will tell you that ice dams on your roof are an omen of bad things to come. I learned this first-hand last week after record snowfall in the Boston area. To minimize future damage, I set out to purchase a roof rake to clear the snow off of my roof. I drove to one big-box home improvement store – out of stock. I called the major competitor -also out […]

Read More →

Warehouse Automation Makes e-Commerce Viable

In 2012, Amazon spent $775 million to acquire Kiva Systems, a distribution center robotics developer with about $100 million in revenues. Yes, that is a valuation multiple of seven times revenues. This is the most succinct way I can express the importance of warehouse automation to the e-commerce channel. ARC is currently producing a market outlook study on the global warehouse automation & control market. This research project evolved from our interest in the evolution […]

Read More →