Vendor Managed Inventory, or VMI, is where the vendor has control over the stock supplied to their customer. The vendor is responsible for analyzing and optimizing the inventory flow for each of their VMI customers. For some, this is a familiar concept. If it’s not you can find more about it here. But, the question people are asking […]
Inventory Management Solutions and Leaders
Omnichannel Fulfillment: A Holistic Approach to Inventory Management
Omnichannel fulfillment is when a retailer provides services to their customers through multiple connected channels. It focuses on providing a seamless experience to the customer. This concept is becoming more important, as on average 78% of consumers will use two or more channels when making a purchase decision. Whether it is researching a product online […]
Supply Chain Leader: Procter & Gamble
Whether you know it or not, supply chain leader Procter & Gamble is likely part of your daily life. Procter & Gamble (P&G) sells a variety of consumer products, with brands covering beauty, health and home. Well-known brands from P&G include Gillette, Old Spice, Febreze, Tide, and Crest. Their total revenue was over $83 billion in 2014. […]
Stay Ahead of the Curve With Real-Time Inventory Management
Real-time inventory management automatically updates your inventory system as you scan items in and out. This method is on the rise, and about 60% of retailers in the US manage their inventory this way. This number is still growing for retailers, as well as distributors and suppliers. Does your company use real-time inventory management? If not, here’s six […]
Inventory Management Leaders: Apple Inc.
Apple Inc. is not just well-known for their innovative products and sleek design. Apple is a leader in supply chain management, taking the top spot on Gartner’s Supply Chain Top 25 list for the past four years. This year, Apple Inc. and Procter & Gamble (P&G) have been taken off of the Top 25 list, […]
6 Must-Have Inventory Management Features
Every business is different, and so are their inventory processes. There are many features of inventory management systems that you can use to be more efficient. Here are six inventory features you should have: Inventory Tracking The main focus of this system is to be able to track your inventory levels. You can see what you’re receiving, […]
