Vision picking is the process of efficiently picking items out of inventory to fulfill an order. Augmented reality (AR) layers virtual SKUs and paths onto real life. How do these two things fit together? Vision picking is simply an application of AR in supply chain. This emerging technology is making strides in warehouse management, and it’s […]
Inventory Management
The BOPIS Model: A Guide to Inventory Management
Introduction to BOPIS BOPIS is an acronym that stands for buy online, pickup in-store. This model is a strategy that many retailers have adopted in order to keep up with consumer demand for convenience. It’s an extension of online shopping that gives the customer freedom to browse online, but also allows them to save on […]
A Guide to Inventory Metrics: What You Need to Know
Do the physical items in your inventory match your accounting records? What is the average number of days it takes to sell your items? There’s a lot that goes into supply chain management, and inventory metrics should be leveraged to guide your decision-making and operations. What are Inventory Metrics? Inventory metrics assist businesses in measuring […]
3 Reasons Inventory Management Matters in Food Service
In recent years, studies have shown that the world’s population wastes about half of the food we produce. Food waste has been a concerning issue generally, especially so in the food industry. But with proper inventory management, business owners can save a lot in ways they may not have thought of before. Though it may be common knowledge […]
Infographics Series: Why You Should Manage Your Inventory
Previously, we talked about the inventory management options available to you. For this post, we’ll be discussing why you should manage your inventory and why you should do it now. Consequences It’s easy to do nothing, but doing nothing comes at a cost. Wrong Inventory Without inventory management, you can end up with the wrong […]
Infographics Series: What Are Your Inventory Management Options?
So far in this series we’ve discussed the basics of inventory management. We’ve talked about what it is, who needs it, the benefits, and potential consequences of not having it. Now, it’s time to move onto the next question: What are your options? In this installment, we will talk about the different inventory management options available […]
