by Learie Hercules Logistics are becoming increasingly driven by technology. Among the most significant trends are automation powered by artificial intelligence and the Internet of Things (IoT). These advances have allowed warehouse managers to achieve new levels of efficiency, productivity, and profitability at a time when many businesses are still struggling with staffing shortages and […]
“Warehouse automation is the use of technology to perform repetitive processes and also to eliminate manual data entry, which will ultimately help companies manage their inventory more efficiently.” “A warehouse management system system can also be set up with routing all throughout the warehouse so that the employee can take the best route through the […]
On average, workplace injuries cost companies about $45,000 per year. “You are bringing new employees into a totally new environment, so you should put together a clear list of risks inside your facility, and look back on your own history of injuries to see what has happened and take the appropriate steps to correct it.” […]
It’s January, so that means after all the Christmas returns are handled and your store has been put to rights again, it’s time to do your physical inventory and figure out exactly where you are in real time vis-a-vis your merchandise stock.
Is your cash tied up in unsold inventory? If so, the following questions should be addressed: How did it get there? What can be done to get it out? How can you prevent the same thing from happening again? Clearly you are purchasing more than you are capable of selling. The extra inventory is carried […]
The truth is that for many of the older, long-established warehouse and inventory management companies, their dated legacy systems and stratified pricing structures keep them rigidly locked into an old-fashioned system whereby only their largest retail clients are offered the best company products and reports, shutting out smaller retailers from the best management tools.
Inventory management has come a long way since the days of clipboards or spreadsheets.
If your shop requires forecasting of inventory and the placement of advance orders, it is time to review your Open To Buy methods (OTB). Open To Buy is necessary for retailers to control their inventory.