Inventory visibility is the concept of tracking inventory throughout the entirety of the supply chain, from warehouse to truck to store shelf. Learn more about why inventory visibility is important and how you can improve your operation’s inventory management.
Tagged: Inventory Optimization
Warehouse slotting is the process of organizing inventory in a warehouse or distribution center. Typically, successful warehouse slotting maximizes the storage capacity of a warehouse through more efficient storage and picking, while reducing handling...
Running a successful order fulfillment operation requires many things. One of the most important things is inventory—it is, quite literally, the stuff that orders are made of!
As the global supply chain becomes ever more connected and retailers of all sizes double down on various omni-channel fulfillment strategies in order to predict and cater to changing consumer behaviors and expectations, order fulfillment is only growing even more complicated.
An accurate forecast of demand is essential for stocking appropriate levels of inventory and for planning a new or warehouse or other facility.
For any order fulfillment operation or materials handling operation to be successful, it is critical for you to have a firm understanding of the cost of goods sold, also called “Inventory Costing.” Here, we discuss some of the most common methods of inventory costing.
If you’re looking for opportunities to optimize your operation, start in these five areas that can have a huge impact on efficiency and productivity.