Top Inventory Management Posts of the Year
As 2017 comes to a close, all of us look back on the year that was in reflection. Today is day three of what will be an annual year-end series highlighting the top blog posts in each of our 4 main categories: Supply Chain, Warehouse Management, Omnichannel, and Inventory Management.
We will feature over the next 2 business days each category’s top 5 most viewed posts over the course of 2017. These will only contain posts written in 2017. There were approximately 100 blog posts in 2017, and over 30,000 page views on those posts alone. We added nearly 1,000 subscribers to the blog and featured several guest bloggers.
Top Inventory Management Posts of the Year
Having proper control over inventory management is instrumental to the success of your supply chain. So, it is not surprising that most of our readers were interested in the technologies that comprise inventory management and how to integrate it with your current warehouse management system (WMS). Now without further ado, I give you the top 5 inventory management blog posts of the year by page-view:
Pros and Cons: The Use of RFID for Inventory Management
Knowing your current inventory is at the heart of your company, and for warehouse managers and operations, inventory visibility and control are key to maximizing throughput and boosting productivity. In fact, new inventory management technology, like radio-frequency identification (RFID) tags, have been created to increase visibility and tracking of products, pallets and shipments in warehouses and distribution centers, explains Quest Solution. While the benefits (pros) are astounding, they can have some serious drawbacks, and you need to understand why.
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The Many Types of Inventory Management Technology
There are diverse types of inventory management technology and systems, designed to properly sort, control and act upon information with a company’s inventory. As explained by Kenneth Hamlett of the Houston Chronicle, the two dominant types of inventory management technologies include manual and automated systems. But, there are additional levels of inventory management in between.
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Steps to Controlling Inventory Flow & Driving Warehouse Efficiency
Controlling inventory flow is a top priority among warehouse managers, and gaining control over inventory drives warehouse efficiency. However, figuring out the best way to achieve this feat can be confusing, so warehouse managers should follow these steps.
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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 product price points must reflect these costs in controlling and moving inventory, reports BCG.com. However, warehouse and distribution center managers can convert inventory management from cost to a competitive advantage through these inventory management processes.
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Inventory Synchronization and Reconciliation: What’s the Big Deal When It Comes to WMS Integration?
Integrating your warehouse management system (WMS) with your enterprise resource planning (ERP) system lies at the cornerstone of effective warehouse and distribution center management. From an inventory perspective, an ERP is typically the system of record, and it obtains its information from your WMS. However, these systems may get out of sync due to data problems, user errors, exception processes, or other system issues. As a result, inventory reconciliation, or inventory synchronization, is essential to keeping everything on the same page.
