Maintaining open lines of communication, managing vendor relationships, and creating contracts are just a few of the duties that go into creating a vendor management process that, when done correctly, encourages business expansion and optimizes operations. All the activities and projects that support vendor relationships, provide dependable supply chains, and enhance production cycles are collectively referred to as vendor management.
A warehouse management system's (WMS) main goal is to make sure that materials and goods are moved through warehouses accurately and as cost-effectively and efficiently as possible. A WMS handles many functions that enable these movements, including inventory tracking, picking, receiving, and put away. By monitoring inventory and ensuring that items are correctly sorted, stored, dispatched, and tracked, a WMS plays a crucial role in ensuring that operations run smoothly.
ERP technology will see a significant shift in 2024, with a focus on cloud-based systems and integrated AI capabilities. These days, companies are searching for customizable, cloud-based systems with mobile capabilities, AI with real-time data analytics, and easy interaction with other digital tools, all in a secure environment.
In an article I wrote for Forbes, I mentioned that many e-commerce businesses built new warehouses to meet demand during the pandemic. Once established, however, operators encountered a new challenge: labor scarcity, which 57% of supply chain executives believe has "hindered their ability to meet demand." That shortage persists and many logistics professionals are turning to warehouse automation technology to help retain employees they have and increase their productivity.
We’re back from Disney, where we held this year’s VAI Customer Conference, Prevail 2023. With so much excitement and momentum going into the planning of the conference, expectations were high, and attendees were not disappointed. It’s been several years since the last in-person gathering, and we’ve found that our customers embraced face-to-face interaction, with many of them claiming that an in-person meeting is far more productive than a virtual one and that it feels nice to be free of the distractions of daily office life.
We’re just days away from VAI Prevail 2023, our first onsite event since Nashville, TN in 2018. After several years of successful virtual connection, the VAI team, customers, and partners are ready for in-person and face-to-face networking and collaboration. This year, we’re heading to the Walt Disney Swan Resort in Lake Buena Vista, FL, and we have an incredible itinerary over two days.