Inventory balancing through stock transfers
16 Jun 2022Inventory balancing consists of moving products between warehouses and stores to even out quantities of stock and always have on hand the goods ordered by customers.
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Inventory balancing consists of moving products between warehouses and stores to even out quantities of stock and always have on hand the goods ordered by customers.
The best way to control stock in real time and thus improve your inventory accuracy is through the digitization offered by a warehouse management system (WMS).
New technologies applied to warehouses such as cobots, put/pick-to-light and voice picking systems help to achieve efficient ergonomics, benefiting both logistics managers and operators.
Intelligent automation consists of combining technologies such as artificial intelligence (AI) and robotic process automation (RPA) to increase supply chain efficiency.
The cash cycle is a logistics and economic metric that measures the days it takes a company to convert its stock into cash flows resulting from sales.
Warehouse managers can analyze KPIs in their facilities to know how the different operations are being carried out, to identify points to improve, and to make strategic decisions more easily.
Picking robots are a solution for optimizing and streamlining order processing. They’re especially useful in warehouses that prepare and dispatch a large number of orders a day.
Hub and spoke is a goods transportation method that consists of centralising stock management in a warehouse that distributes stock to regional facilities as needed.