In a time of increasing customer demand, robotics technology is helping e-commerce sellers to manage forward inventory and next-day delivery, says Jim Serstad, vice president of product development with Tompkins Robotics. SCB: What do you mean when you talk about distributed logistics? Serstad: More and more we’re finding that retailers need to put inventory in
Analyst insight: Inventory “right-sizing” has forever been tied to business profitability. Today’s endless-aisle mentality requires inventory solutions that understand customer preferences and deliver high service at maximum profit. For years, inventory planning solutions have been burdened with defining the right demand for each node of the network. Now that demand is less fixed, developing
The largest oil company in western Europe’s biggest petroleum exporter wants to drastically cut its carbon footprint. Equinor ASA, which is based in the Norwegian town of Stavanger on the edge of the North Sea, is trying to adapt its business model to a world increasingly alarmed by the fallout of climate change. Eldar Saetre,
Total cost of ownership (TCO) was popularized by Gartner in the 1980s. The basic idea is that the value derived from a product involves more resources than what you pay the supplier. Take the modern-day smartphone. Why do you have one? Presumably to communicate, but there are many other uses it plays in your life,