Archive for September 2017
Inventory Management Processes: How to Convert Inventory From Cost to a Competitive Advantage
Think about the top driving costs of inventory management. Slots must be optimized and moved. Pick tickets must continue to flow. Managers must meet with vendors to get the best wholesale price. Yet, this only scratches the surface of inventory carrying costs. As a result, supply chain managers associate inventory management with rising costs, and…
Read MoreThe Benefits of Using Slotting Optimization Technology
Slotting optimization is the new trend defining warehouse management. While carrying inventory accounts for 7 percent of US gross domestic product (GDP), reports Lisa Harrington of Inbound Logistics, warehouse managers still struggle to leverage modern technology. But, slotting optimization technology revolutionizes standard warehouse management processes, and your organization needs to know how this technology can benefit your enterprise.…
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