Archive for Inventory Management

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.

Read More →

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.

Read More →

The Marijuana Supply Chain: Is Home Delivery Next?

It used to be that if you wanted marijuana, you got the flower bud and smoked it in either a joint or pipe of some sort. Today, however, the options are expanding. Aside from the traditional bud, marijuana dispensaries offer various forms of marijuana concentrates, including shatter, wax, crumble, sugar, honeycomb, sap, and oil (apparently these names refer to a concentrates texture). The expanded options are because marijuana is becoming a big business. Actually, it’s […]

Read More →

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 →