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What Is Inventory and Supply Chain Management?

Small Biz Trends

It includes activities like planning, procuring, and distributing inventory to guarantee products are available when needed during keeping costs low. Supply chain management encompasses the planning, implementation, and control of the flow of goods from suppliers to customers. With the supply chain market valued at nearly $37.5

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How Retailers can Combat Inventory Shrinkage with Drone-Powered Warehouse Monitoring

Retail TouchPoints

The drones photograph pallets (day or night); machine learning (ML) algorithms read bar codes and text and show warehouse management system (WMS) discrepancies in real time. To ensure accurate inventory, Stadium Goods and Barrett are using AI-powered autonomous drones for cycle counting. days, and one doubled its sales in one year.