Archive for Inventory Management

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 […]

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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.

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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“We Want Our CEO Back!” – A New Supply Chain Disruption

Supply chain disruptions are not a new thing. I’ve written about them quite a bit this year, whether they were due to bad weather, political unrest, driver shortages, or faulty equipment. And we’ve certainly seen supply chain disruptions due to employee strikes or walk-outs. These incidents are usually due to what employees feel are unfair wages, benefits, or working conditions. Well Demoulas Market Basket has a new one: they want their CEO back. Demoulas Super […]

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Guest Commentary: Predictive Replenishment and How It Optimizes Global Supply Chains

Leading consumer goods companies are adopting a breakthrough methodology, Predictive Replenishment, which generates value by integrating strategic, tactical and operational processes. This supply chain planning approach encompasses three functional areas: Strategic: Supply Chain Network Design that continuously adapts and links products flows to downstream processes Tactical: Demand Sensing and Inventory Optimization that predicts customer requirements based on market-driven demand signals and POS data Operational: Order Fulfillment and Transportation Planning that can create perfect orders and […]

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This Week in Logistics News (September 23-27, 2013)

Tuesday night, I went to Staples with my daughter to buy some printer ink. She was immediately attracted to a colorful display, which caught my attention too. I took a picture of it and shared it on Twitter, which became my most popular tweet of the week:  3D printer and supplies at #Staples. The future is coming faster and faster. #3DPrinting #SCM #logistics pic.twitter.com/S4tGkRxR5u — Adrian Gonzalez (@talkinlogistics) September 24, 2013 Yes, the future is […]

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