Analyst Insight: The distribution center is taking on greater importance as a driver of growth and profitability. Top companies are investing in distribution operations to drive competitive advantage and gain market share. Many are leveraging today's technology to prepare for the distribution center of the future. But there is a next wave of technologies on the horizon - from wearables to mobile manufacturing to the Internet of Things. And the tipping point for these technologies is near. - Nikko Pianetto, Group VP of Integrated Technology Solutions, Fortna Inc.
Analyst Insight: Ever wonder why a majority of inventory optimization projects struggle to completely realize potential benefits? Most companies focus solely on inventory strategy, without taking a comprehensive, holistic approach. Taking the holistic approach introduces two additional levers to inventory optimization - business alignment and execution excellence - which, coupled with inventory strategy, enable supply chains to achieve strategic and targeted performance improvement goals. We call these the three rings of inventory optimization. - Rodrigo Cambiaghi, Principal; Claudio Menegusso, Senior Manager; Mark Johnson, Manager; and Saurabh Jha, Senior, all in the Advisory Services of Ernst & Young LLP
As a vital part of the supply chain, today's warehouses need to be efficient, tightly integrated profit centers. Making this happen relies on the warehouse employees' efficiency as they go about shipping and receiving, fulfilling and picking orders, and doing inventory. All these functions rely on warehouse computer terminals that are designed for the job they are doing, whether that's a computer mounted on a forklift or a handheld tablet device. The problem is, sometimes the design of these terminals prevents workers from operating as efficiently as they otherwise could.
At its core, a warehouse management system offers warehouses and distributors a tool to help improve customer service. That means knowing what you have, where you have it and how soon you can promise delivery.
By using adaptive software tools, you not only can lengthen the life of your existing WMS products, including legacy systems and systems no longer supported, you now can have all kinds of new functionality at your fingertips.