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5 Reasons you should attend The Georgia Logistics Summit 2017

[fa icon="calendar'] Apr 17, 2017 9:57:43 AM / by Hardik Tuteja posted in Georgia, Conferences

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Still trying to decide which conferences to go to this summer? You need to head to the Georgia Logistics Summit! Here are a few reasons why you really have to get to Atlanta on May 15 and 16.

 

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IoT: The Connected Forklift

[fa icon="calendar'] Apr 7, 2017 2:55:47 PM / by Hardik Tuteja posted in IoT

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The Internet of things has been a game changer for all industries, and the warehousing industry is no exception. By connecting the previously unconnected, IoT provides a great opportunity for businesses to understand and control processes on a more profound level. Through increased data and control points, IoT connected devices enable warehouses to adapt faster to changing demands and increase performance gains. One great example of how IoT has added value to warehouses is the development of smart forklifts.

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Webinar: The Warehouse of the (near) Future

[fa icon="calendar'] Mar 29, 2017 10:44:28 AM / by Hardik Tuteja

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Many thanks to Scott at APICS Southeast District for hosting our CEO, Colton Griffin, for a webinar titled "The Warehouse of the (near) Future"  The first half of the webinar talks about the current state of the warehousing industry and introduces some of the main technologies transforming the industry. The second half dives deeper into how these technologies can help warehouses improve their operations and stay competitive. 

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How can artificial intelligence boost inventory accuracy?

[fa icon="calendar'] Mar 14, 2017 9:59:40 AM / by Colton Griffin posted in Inventory Management, Cycle Counting, Operational Analytics, Machine Learning

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We've all heard the terms "artificial intelligence" and "machine learning." However, most supply chain practitioners and DC managers haven't considered how to leverage this technology as part of their daily operations. We covered one use case in our webinar on advanced inventory management, but wanted to dive deeper into this use case in a blog post.  Inaccurate bin-level inventory leads to a huge waste of time, money, and resources, and it creates a major headache for DC management. We've worked to solve this using these concepts. 

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Inside a "Smart" Warehouse...

[fa icon="calendar'] Feb 17, 2017 9:00:00 AM / by Hardik Tuteja posted in Drones, IoT, Artifical Intelligence, Machine Learning, Robotics

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At Hitachi, the Japanese electronics manufacturer, workers have started to take orders from artificial intelligence programs meant to increase productivity in the workplace. Siemens has created what it calls a "lights out" manufacturing plant, which can run for weeks without humans supervising. At Amazon's fulfillment center in New Jersey, the shelves glide themselves quickly across the floor carried atop robots about the size and shape of footstools.

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Is your warehouse drowning in data?

[fa icon="calendar'] Dec 15, 2016 12:53:08 PM / by Hardik Tuteja posted in Profitability, Supply Chain Business Intelligence

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 Does this describe you? You have spent thousands of dollars installing WMS, WCS, LMS and other software solutions to manage and execute warehouse processes, but you’re still struggling to achieve perfect location inventory accuracy, realize 99.99% order fill, and keep your distribution center costs under control. You have more data then you can imagine about your warehouse operations, but you don't know what to do with it. Don't worry, you’re not alone!

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5 Ways Dead Inventory Is Killing Your Profits

[fa icon="calendar'] Nov 25, 2016 1:46:16 PM / by Colton Griffin posted in Inventory Management, Distribution

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Many of us have difficulty discarding our things, even if we are never going to use them. Often, companies behave the same way. As a result, up to 30% of inventory in some warehouses is obsolete. Companies holding obsolete inventory are losing significant amounts of money due to the factors covered in the post. The rule of thumb for inventory carrying costs is between 20% and 30%. For instance, if you are carrying $1M of obsolete inventory, you could be paying $250,000 per year in costs to carry that inventory. Here are five ways dead inventory is killing your bottom line:

  1. Cost of capital
  2. Storage costs
  3. Handling and administrative costs
  4. Finance and insurance costs
  5. Opportunity costs
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Webinar: Advanced Cycle Counting and Inventory Management

[fa icon="calendar'] Nov 13, 2016 6:26:53 PM / by Colton Griffin posted in Inventory Management, Cycle Counting, Operational Analytics, Webinar, Drones

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Many thanks to Scott at Talent Stream Staffing and Recruitment for hosting our CEO, Colton Griffin, for a webinar titled "Supercharge Your Inventory Management."  The first half of the webinar covers basic aspects and goals of inventory management and a robust cycle counting program. The second half dives deeper into tools, techniques, and the latest technologies that can be used to help improve warehouse inventory accuracy.

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Top Ways Warehouse Operations Contribute to SKU Profitability

[fa icon="calendar'] Oct 26, 2016 1:04:14 PM / by Colton Griffin posted in Inventory Management, Profitability, Labor

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Understanding SKU Profitability in your DC

There are a myriad of factors related to SKU profitability that a company must consider. Many of these, including product design, sourcing, R&D, market fit, and selling price are outside of the hands of the DC manager. Common approaches to maximize SKU profitability include adjusting sell strategies, optimizing SKU assortment, and re-engineering products. However, there are a number of factors that contribute to SKU profitability that are directly related to DC operations. Analyze these factors to start identifying unprofitable SKUs in your warehouse.  



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Drone Use Cases in the Warehouse

[fa icon="calendar'] Oct 21, 2016 8:30:00 AM / by Colton Griffin posted in Inventory Management, Cycle Counting, Yard Management, Drones

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Reflecting on a great editorial by SCDigest, I wanted to comment on how an analytics solution such as WMSight is a natural fit to pair with drone technology. There are a few primary systems that run modern distribution centers:

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