The MarketWatch News Department was not involved in the creation of this content.
Nov 30, 2020 (Heraldkeepers) —
The scope of the report includes a detailed study of Inventory Management Software Market with the reasons given for variations in the growth of the industry in certain regions.
The Inventory Management Software Market is segmented on the lines of its component, application, enterprise size and regional. The basis of component type is segmented into Software, and Services. Based on deployment type it covers On-Premises and SaaS. Basis of industry is segmented into Consumer Good & Retail, Manufacturing, Automotive, Oil & Gas and Others. The Inventory Management Software Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, and Rest of World. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC
The human workers whose jobs restocking the shelves at Walmart were nearly rendered obsolete by a sophisticated fleet of robots dealt a surprising retaliatory blow to the robots on Monday by, somehow, rendering them obsolete first.
After a five year-long partnership, Walmart announced that it had terminated its agreement with robotics company Bossa Nova Robotics Inc., the venture capital-backed outfit that had helped deploy smart inventory-scanning tech. at about 500 of the retail giant’s stores across the U.S. in the name of increasing productivity and slashing labor costs. But in an unexpected twist, Walmart’s quest for the bleeding edge of efficiency led store executives to the conclusion that the human workers were doing their jobs at more or less the same speed as the robot ones all along—with the additional pitfall of the
New workflows simplify and standardize the daily work process of key supply chain functions with prescriptive, AI-driven recommendations
LeanDNA, the only provider of factory-focused inventory optimization solutions, has launched the manufacturing industry’s first best practice, role-based workflow capabilities within its platform. The powerful new workflows standardize and optimize the daily work of supply chain teams, automatically prioritizing urgent inventory actions, so teams can quickly resolve issues, reduce excess inventory and critical shortages, and improve delivery performance.
“We see an opportunity to adjust to market fluctuations at a moment’s notice and drive new value by making smarter, faster inventory decisions,” said Darren Hill, Vice President of Supply Chain Management at Radius Aerospace. “The new workflows and inventory optimization view in LeanDNA enables our team to focus on driving down inventory to control costs, manage oversight, and improve on-time delivery without spending hours tracking down required information. Our team can now see
The core of hospitality or retail business, for that matter any trade, is the cash register. To make an enterprise run smoothly, it is vital to process every transaction and tender cash as efficiently as possible. A POS system is an application that allows a business to track sales as they happen. The system includes a range of hardware and software. E.g., an advanced Point of Sale software can come with inventory management.
By installing a POS software and removing the old manual cash register a shop can save a lot of money and resolve common issues like shrinkage. For a store that generates annual sales, the savings can be significant by utilising a POS system. When seen from an ROI point of view, the software pays for itself within two years, at the maximum.
In the case of small businesses, the expense makes sense because it automates labour intensive … Read More