November 10, 2016 @ 12:00 pm - 1:00 pm
Show in my time zone
WMSight - Colton Griffin
WMSight - Colton Griffin
A survey conducted by the National Retail Federation estimated nearly $8 Billion dollars worth of inventory shrink occurred last year due to administrative errors. Most distribution centers and warehouses struggle to achieve 100% inventory accuracy. The obvious cost of inventory inaccuracy is writing this inventory off of the books. However, the true cost of inaccuracy is much greater. In this webinar we will discuss an analytical approach to support the fundamentals of an effective cycle count program that drives inventory accuracy. However, we won’t stop with the traditional tools. We will walk through several techniques to apply predictive analytics, machine learning, and other technology to supercharge your inventory management. As we discuss these techniques, we will demonstrate some methods to quantify the cost of having inaccurate inventory. Pushing this conversation further, we will discuss several ways to better understand your inventory’s profitability. What about dead and unprofitable inventory? How do you quantify that? We will demonstrate how the fundamentals of advancing your cycle count program can tie into real-time profitability analysis and open up even more potential to increase your profits and profitability.
Why attend this webinar:
1. Learn several practical ways to improve your overall inventory management.
2. Learn more about predictive analytics & how to apply in your operation.
3. Learn more about how to truly understand your inventory's profitability.
More information about the speakers:
WMSight - Colton Griffin - Founder & CEO - Twitter @WMSight
WMSight is a cloud-hosted analytics platform that sits on top of the warehouse management system to help improve distribution center operations. We also have a consulting practice specifically focused on supply chain centric business intelligence and data analytics initiatives.
Notably, we are experts in Manhattan’s Supply Chain Intelligence (SCI) solution. Learn more about this practice here. We have experience in extracting more value out of these packaged software solutions among others: Warehouse Management (WMS), Warehouse Control Systems (WCS), Labor Management (LMS), Transportation Management (TMS), Inventory Optimization (IO), Forecasting, Demand Planning, Enterprise Resource Planning (ERP), Slotting.
WMSight - Colton Griffin - Founder & CEO - Twitter @ColtonGriffin
Colton Griffin, CEO of WMSight, LLC (www.wmsight.com) is an expert in supply chain business intelligence and data analytics. He has implemented business intelligence solutions for warehouses spanning multiple industries and sizes across the country and founded WMSight, a SaaS analytics platform built specifically for distribution center operations.