Inventory optimization

Flexsteel Industries, Inc. Announces Initial Restructuring Plans

Retrieved on: 
Wednesday, May 15, 2019
Home Goods, Manufacturing, Other Manufacturing, Interior design, Retail, Specialty, Construction & Property, Inventory, Inventory optimization, Lean manufacturing, Supply chain management, Draft:Flexsteel

The Company expects to complete the wind down of these product lines and the closure of the manufacturing site within the current quarter.

Key Points: 
  • The Company expects to complete the wind down of these product lines and the closure of the manufacturing site within the current quarter.
  • While exiting businesses and reducing staff is not an easy decision, we are confident it is the right first step toward Flexsteels future, said Jerry Dittmer, President and CEO of Flexsteel Industries.
  • In total, Flexsteel expects to incur approximately $4 million in one-time cash charges for employee severance and related costs and approximately $9 million in non-cash charges for inventory impairments due to the restructuring action.
  • A featured component in most of the upholstered furniture is a unique steel drop-in seat spring from which our name Flexsteel is derived.

The spare parts logistics market will register a CAGR of over 6% by 2023

Retrieved on: 
Wednesday, May 15, 2019
Systems engineering, Business, Supply chain management, Articles, Systems science, Inventory optimization, Lean manufacturing, Logistics, Inventory, Spare Parts

The growing trade of HS Code 85 products between these two emerging economies is expected to increase the demand for spare parts logistics in countries in APAC Analysts have predicted that the spare parts logistics market will register a CAGR of over 6% by 2023.

Key Points: 
  • The growing trade of HS Code 85 products between these two emerging economies is expected to increase the demand for spare parts logistics in countries in APAC Analysts have predicted that the spare parts logistics market will register a CAGR of over 6% by 2023.
  • This in turn will drive the demand for spare parts logistics during the forecast period.
  • Instead of producing a bulk number of spare parts and storing them on inventory, spare parts manufacturers are moving toward on-demand manufacturing to reduce the packaging and inventory management costs.
  • s
    For the detailed list of factors that will drive and challenge the growth of the spare parts logistics market during the 2019-2023, view our report.

Parts Town Acquires Inventory Management Software 3Plenish

Retrieved on: 
Tuesday, May 14, 2019
Technology, Data management, Supply chain management, Software, Transport, Restaurant, Bar, Mobile, Wireless, Logistics, Supply chain management, Automotive, Other Automotive, Retail, Food, Beverage, Business, Supply chain management, Economy, Inventory, Inventory optimization, Lean manufacturing, Original equipment manufacturer

Parts Town , the market leading foodservice equipment parts distributor with the most in-stock OEM (original equipment manufacturer) parts on the planet, announced today the acquisition of 3Plenish .

Key Points: 
  • Parts Town , the market leading foodservice equipment parts distributor with the most in-stock OEM (original equipment manufacturer) parts on the planet, announced today the acquisition of 3Plenish .
  • 3Plenish is an innovative app that enables efficient management of parts inventory and replenishment for trucks used by field service-focused companies and other organizations that manage service technicians as well as parts stockrooms.
  • Many of our partners continue to seek simple inventory management and replenishment solutions, and the 3Plenish technology is currently the best out there.
  • Parts Town is the market-leading distributor of genuine OEM (original equipment manufacturer) foodservice equipment parts.

Cannabis Lifestyle Brand Old Pal Hires New Director of Supply Chain and Inventory & Planning Manager

Retrieved on: 
Tuesday, May 14, 2019
Supply chain management, Inventory optimization, Inventory, Lean manufacturing, Newry, PAL, Business, Articles, Management

Justin Newry has been named Inventory & Planning Manager and Joshua Delaney has been hired as Director of Supply Chain.

Key Points: 
  • Justin Newry has been named Inventory & Planning Manager and Joshua Delaney has been hired as Director of Supply Chain.
  • He was then promoted to National Inventory Operations Manager and balanced positive inventory health for all stores.
  • Joshua Delaney joins the Old Pal team as Director of Supply Chain.
  • Old Pal is a lifestyle cannabis company focused on the value-oriented segment of the market.

MarginEdge Announces Strategic Partnership with Barmetrix, Bringing Critical Focus to Bar Operations

Retrieved on: 
Wednesday, May 8, 2019
Inventory optimization, Lean manufacturing, Business, Inventory, Supply chain management, Bartender, Economy

With this in mind, MarginEdge and Barmetrix have announced a new partnership to integrate MarginEdge's restaurant software with Barmetrix's liquor control offering that includes bar consulting, on-site inventory management and pricing analysis.

Key Points: 
  • With this in mind, MarginEdge and Barmetrix have announced a new partnership to integrate MarginEdge's restaurant software with Barmetrix's liquor control offering that includes bar consulting, on-site inventory management and pricing analysis.
  • Like MarginEdge's restaurant software, Barmetrix specializes in solving frustrating operational problems often accepted as part of doing business in the hospitality sector.
  • "Liquor inventory control is of critical importance to restaurant and bar operators, and getting tighter control can really boost profits," MarginEdge CEO Bo Davis explains.
  • Headquartered in Annapolis, MD, Barmetrix provides key services affecting businesses worldwide today from liquor inventory control to bartender evaluations.

Is Inventory Optimization Your Area of Concern? Quantzig Brings to You the Three Challenges and Benefits of Multi-echelon Inventory Optimization

Retrieved on: 
Friday, May 3, 2019
Supply chain management, Manufacturing, Other Manufacturing, Retail, Supply chain management, Business, Inventory optimization, Lean manufacturing, Management, Inventory, Inventory management software

View the full release here: https://www.businesswire.com/news/home/20190503005174/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20190503005174/en/
    To address several such supply chain challenges and to stay competitive in the long-run, manufacturers all over the globe are now focusing on multi-echelon inventory optimization.
  • This approach to inventory management has empowered several manufacturers to keep inventory levels low, move inventory as quickly as possible, and ensure high service levels for customers.
  • Multi-echelon inventory optimization is an ultramodern approach that takes inventory optimization a step further by helping businesses to resolve key issues surrounding modern supply networks, says a supply chain analytics expert from Quantzig.
  • Multi-echelon inventory optimization solutions empower manufacturers to gauge stock levels and measure the size of inventory buffers without compromising on customer requirements.

One Network Once Again a Leader in Nucleus Research's Annual Technology Inventory Optimization Value Matrix with AI-powered Platform Continuing to Deliver Value to Customers

Retrieved on: 
Tuesday, April 30, 2019
Supply chain management, Inventory, Inventory optimization, Lean manufacturing, Business process management, Business, Management

Nucleus expects the value One Network delivers to continue to improve as more customers adopt its automation and intelligent capabilities."

Key Points: 
  • Nucleus expects the value One Network delivers to continue to improve as more customers adopt its automation and intelligent capabilities."
  • In this Technology Value Matrix, Nucleus evaluates solutions that help organizations find the right balance between inventory and service levels while minimizing costs.
  • Using One Network, customers can onboard their trading partners, giving two-way visibility to inventory levels, ability to serve, and forecasts.
  • Tweet this: News @NucleusResearch positions @onenetwork highest in Technology #inventoryoptimization Value Matrix for second consecutive year.

The Importance of Supply Chain Visibility for Businesses | A Storyboard by Quantzig

Retrieved on: 
Friday, April 26, 2019
Supply chain management, Retail, Supply chain management, Business process management, Business, Management, Supply chain, Inventory optimization, Supply-chain management, Global supply chain finance

Supply chain visibility can help companies enhance customer service and control costs through supply chain management, inventory optimization, and risk mitigation.

Key Points: 
  • Supply chain visibility can help companies enhance customer service and control costs through supply chain management, inventory optimization, and risk mitigation.
  • Supply chain visibility can offer advanced insights into supply chain operations and can help companies to integrate such insights with customer data sets in order to optimize their supply chains functions.. Also, supply chain visibility can help businesses in improving decision making, understanding customer demands, and enhancing agility.
  • View the full release here: https://www.businesswire.com/news/home/20190426005367/en/
    The importance of supply chain visibility for businesses (Graphic: Business Wire)
    Supply chain visibility can help companies improve supply chain operational efficiency.
  • Read our latest blog to know how supply chain visibility can help you improve and strengthen the supply chain of your organization.

Inventory Growth Fueled by Softening Demand, Not More Sellers

Retrieved on: 
Tuesday, April 23, 2019
Supply chain management, Inventory, Inventory optimization, Lean manufacturing, Economy

Overall inventory in the U.S. is 1.2% higher than in March 2018, but new listings fell 6.1% over the same period.

Key Points: 
  • Overall inventory in the U.S. is 1.2% higher than in March 2018, but new listings fell 6.1% over the same period.
  • These trends indicate that the inventory growth is driven largely by cooling demand, not more home sellers.
  • "There is a narrative that inventory is growing, which favors buyers.
  • Rates fell as low as 3.85% before ending the month at 4%, down twenty basis points from March 1.

Serve Sortation Launches to Simplify Last Mile Logistics Processes

Retrieved on: 
Wednesday, April 10, 2019
Technology, Online Retail, Data management, Venture capital, Software, Transport, Logistics, Supply chain management, Professional services, Retail, Other Retail, Supply chain management, Inventory, Inventory optimization, Lean manufacturing

Serve (Bittrex International and Upbit: SERV) today announced the official launch of Serve Sortation, a groundbreaking tool to help businesses simplify and facilitate inventory control, product distribution, and delivery completion processes.

Key Points: 
  • Serve (Bittrex International and Upbit: SERV) today announced the official launch of Serve Sortation, a groundbreaking tool to help businesses simplify and facilitate inventory control, product distribution, and delivery completion processes.
  • As part of the Serve ecosystem, Serve Sortation complements the companys existing platform by expediting the arrangement and coordination of goods, food, pharmaceuticals, consumer products and beyond.
  • This enables companies of all sizes to better participate in the ever-expanding on-demand and e-commerce market by improving efficiency in the last-mile delivery processes.
  • We have taken a complex, chaotic labyrinth and converted it into a profit center for enterprises on our platform, says Shahan Ohanessian, CEO of Serve.