Inefficient supply chain management and inventory management cause retailers worldwide to lose more than $1.8 trillion annually. Even though offline retail accounts for the majority of this number, ...

An effective inventory management system starts with analysis and design. The more thorough the analysis and the more care you take in developing the design, the fewer problems you'll have running and ...

A variety of market inefficiencies – such as uncertainty around customer demand and pricing that does not consistently reflect full value – play critical roles in the automotive aftermarket industry’s ...

Q: If you were asked to choose the one operational area in the distribution center that could generate the greatest improvement in performance, which would it be? A: Two words: inventory accuracy. I ...

The historical pursuit of creating intelligent machines has culminated in the modern era of artificial intelligence. However, the efficacy of AI applications is contingent upon a nuanced understanding ...

Inventory Routing Problems (IRPs) represent a critical intersection of inventory management and transportation optimisation within supply chain management. At their core, IRPs require the simultaneous ...

If tossing spoiled products into the dumpster and paying suppliers’ restocking fees is costing your business money, here’s how to polish your inventory management approach and operate more sustainably ...

Every year, 40 or so students in the MIT Center for Transportation & Logistics' (MIT CTL) Master of Supply Chain Management (SCM) program complete one-year thesis research projects. The students are ...

The current technology used for inventory management is outdated and has begun to show its age, an issue small business owners know all too well. They often feel neglected by today's inventory ...

Artificial intelligence (AI) is well-known for its ability to make data-driven decisions, but there is a lesser-known branch of AI called natural language processing (NLP) that is starting to turn ...

Opinions expressed by Entrepreneur contributors are their own. Inefficient supply chain management and inventory management cause retailers worldwide to lose more than $1.8 trillion annually. Even ...