25 October 2022 Discover the Strategies that will help you manage inventory in 2022, reducing costs and increasing the level of service offered to your customers. 2022: The Year of Innovations in Logistics In recent years, we have seen innovations reshape the way companies use technology, conduct business, and look to the future. The logistics sector has made significant progress, for example, in areas such as artificial intelligence, advanced analytics, and automation. Logistics management solutions are moving towards a supply chain increasingly focused on user experience and sustainability. Additionally, automation in logistics processes leads to a significant increase in productivity, workflow efficiency, and much more. However, along with innovations come new expectations and standards, forcing institutions to seek adaptation to the new market. The 10 Inventory Management Trends for 2022 Successful companies are those that adopt a combination of the latest trends and use them to leverage traditional and established technologies. Therefore, to help you, we have separated 10 inventory management trends that your company should keep an eye on in 2022. Cloud Technology This technology is no longer a novelty; however, it has increasingly become an essential item in your warehouse and is a trend in inventory management. The use of cloud technology allows companies to focus on managing their business, rather than a room full of servers. Additionally, it enables managers to obtain faster and better information thanks to improved access, scalability, and performance. Automatic updates Capacity management Internet of Things (IoT) The Internet of Things (IoT) refers to physical objects embedded with sensors, processing capabilities, software, and other technologies that connect and exchange data with other devices and systems over the Internet or other communication networks. GPS and RFID tags Smart sensors Increased operational efficiency Multi-Warehousing Multi-warehousing allows managers to store goods in different locations. Having multiple warehouses makes it cheaper and faster to ship to a wider area. Outsourced Logistics Outsourcing is the process of using an external provider to manage specific functions. In the past, companies produced, stored, and delivered their own products. But outsourcing is becoming more popular every day, and the trend is increasing even more. Data Analytics This is an inventory management trend that has impacted the logistics world. With a digitized supply chain and managers connected to the parameters that matter, companies can access critical business data tables that were previously unavailable. Additionally, they are able to track numbers such as product margins per warehouse or production waste by location, all in real-time. Visual Management, a solution provided by Deagor, is a management model that allows the visualization of important operation information and indicators, and not only: the data is shared with the entire team through monitors available at points via access on smartphones and tablets. This means that it is possible to react faster to any delays, making the right decisions to ensure service speed. Inventory Forecasting Being able to predict the future means being able to plan for the ups and downs of your business. This is why inventory forecasting is becoming increasingly popular, as smart technology (such as data analytics) enables smarter purchasing decisions, becoming more and more a trend in inventory management every day. Warehouse Automation Warehouse automation is the process of automating inventory movement with minimal human assistance. It also involves other technologies associated with software that bring even greater benefits, such as storage, picking, packing, shipping systems, among others. Pick-to-light Sorter AGV Shuttles Connected Omnichannel Services An omnichannel experience consists of customer touchpoints through a variety of channels that connect seamlessly, allowing customers to move between channels, even within the same purchase. In other words, it is a total integration between physical stores, e-commerce, and consumers. Sustainability The environment is perhaps one of the most important concerns of the 21st century: within the concept of “sustainability” is how the company positions itself regarding environmental preservation, how it confronts the sustainable movement, if it has initiatives dedicated to concerns related to carbon emissions, renewable resources, and alternative energies, that is, managing their environmental impact and reflecting on the far-reaching consequences for society and the planet. More Resilient Chains Since the beginning of the Covid-19 pandemic, many companies have learned that their supply chain is not as resilient as they thought. With restrictions on the movement of people and global trade, getting the right products to the right place at the right time has proven challenging. Supply network diversification Building flexibility Is Your Company Ready for the Future? Excellent inventory management keeps costs low, margins high, and your products protected. Of course, inventory processes must meet current consumer preference trends. Now is the time to strive to keep your company competitive, always aiming for a balance between the company’s success and your consumer’s experience. 10 Trends in Inventory Management for 2022 Deagor WMS per ecommerce può aiutarti!