To stay competitive, distributors and the companies they serve are turning to leading solutions like artificial intelligence (AI) and inventory sensors to gain near real-time visibility, streamline replenishment, and make smarter, proactive decisions.
It’s a delicate balancing act—order too little, and you’ll face stockouts and frustrated customers. Order too much, and you tie up valuable cash in excess inventory, weighing down your operations with burdensome carrying costs.
Summary: A definitive guide to defining Min/Maxes and how to calculate them. Learn how modern VMI apps that track usage can optimize your min/max levels and decrease costs.
A vendor-managed inventory app is used by an industrial or medical distributor to facilitate the VMI process of replenishing onsite inventory at the customers' point-of-use location (where the customer uses the inventory in the course of conducting their operations, as opposed to selling the inventory). VMI apps help distributors and customers share inventory data seamlessly and make replenishment decisions collaboratively. Learn about important features of a VMI app here.
Let’s unpack specific examples of AI’s transformative power within the world of inventory and how you can leverage this tech for game-changing profits and growth.
Point-of-use inventory is consumable inventory that is used in the course of business operations and it needs to be managed in a unique way. Here is how to manage POU inventory well.
The Amazon Smart Shelf was a cool little wireless weight pad for replenishment but alas... it is discontinued. Luckily, for companies that absolutely cannot stock out of inventory, there are still other inventory sensor technologies that can automate replenishment.
From emergency dental care to urgent physician appointments, most visit types require consumable inventory. In this article, discover how to use eTurns TrackStock to address common pain points in medical and dental clinic inventory management.
Explore key inventory management and replenishment techniques for consumable supplies and discover how to strategically implement cycle counting.
