Eric Peters

🚀 Breakthrough in Inventory Management! 🚀 🔍 Ever faced the frustration of an "Out of Stock" sign? For brands and retailers, it's a costly problem known as inventory distortion, costing global companies a staggering $1.8 trillion annually. Research from Georgia Tech shows that Pull Logic helps companies optimize inventory and reduce unproductive stock. The breakthrough PAR (Product Availability Readiness) score uses advanced algorithms to predict demand accurately, leading to: 📈 Up to 30% revenue increases 📉 Up to 50% reduction in unproductive inventory Backed by investors like Silicon Road Ventures and Fintech Ventures Fund, Pull Logic is set to transform inventory management in our post-COVID world. 🚀 With fresh seed funding, Pull Logic is ready to expand its platform and grow customer relationships. Pull Logic Georgia Institute of Technology Hypepotamus Silicon Road Ventures Fintech Ventures Fund Pax Momentum Benoit Montreuil Jim Waters Taresh Grover https://lnkd.in/eaQJNstD

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When it comes to Warehouse Management Systems (WMS), two questions have always stood out: 1️⃣ **How to Choose the Perfect WMS:** With countless options on the market, the choice can be paralyzing. It’s tempting to pick one at random and hope for the best, but the stakes are high. Financial investments are significant, and the wrong choice can lead to inefficiencies. Plus, starting the search often means you don't know what to look for. The idea of the perfect WMS, that needs to align with your specific needs, is very seductive. 2️⃣ **Mastering Your Chosen WMS:** Once you’ve made the investment, after all the frustration, the learning curve, and being stuck with that thing, the journey has just begun. Before implementation, the options seemed limitless. Afterward, it can feel like a cage, with every change either impossible or requiring expensive customizations. Finding the easy tricks to overcome these limitations is priceless and can transform your operations. Why? These topics endure because they touch the core of operational success and business growth. Choosing wisely and mastering thoroughly can transform your supply chain! #WMS #WarehouseManagement #Logistics #SupplyChain #BusinessGrowth #TechInnovation

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Osa Commerce co-founder and CEO, Padmanabhan Raman, recently asked warehouse professionals, "What are we trying to solve from the business perspective?" when looking to enhance your #supplychainoperations with #integrations and technology #automation. It is essential to review past, current, and potential states of your supply chain to ensure data is not reviewed in a siloed—especially when a #brand and #3PL collaborate. Without the mindset of future flexibility, your #supplychain challenges will inevitably always return. Check out the #podcast with Warehouse Robotics for further insight into the evolution of #WMS #software, important factors to consider with robotic #investment, and the level of #optimization you can achieve with #automation, #AI and #robotics 👉 https://lnkd.in/gbgnH4Fh

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How can retailers mitigate labor availability uncertainties? Maddy Alcala, President of Gooten, describes how Print on Demand can help by incorporating redundancies into the supply chain and adopting an automation and digital-first approach. OrderMesh is the solution to help you mitigate that risk! www.ordermesh.com #OrderManagementSystem #Supplychain #Printondemand #eCommerce #Labor #redundancies

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In the world of supply chain management, maintaining optimal inventory levels is crucial. Jake Latham's recent article on StockIQ Technologies delves into the concept of "Consumption-Based Planning and Ordering" (CBP). This strategic approach aligns inventory with actual consumer consumption patterns using historical data. KEY HIGHLIGHTS: 🔶 What is CBP? CBP uses past consumption data to determine reorder points, ensuring that inventory is restocked only when there is confirmed demand. 🔷 How does it work? 🔹 Data Collection: Historical consumption data is gathered to understand past usage. 🔹 Setting Reorder Points: Based on this data, reorder points are established to trigger new orders before stockouts occur. 🔹 Order Generation: Orders can be generated manually or automatically when inventory levels fall below the set threshold. 🔶 Benefits of CBP: 🔸 Simplicity and Efficacy: Easy to implement and effectively maintain optimal stock levels. 🔸 Cost Efficiency: Helps avoid the costs associated with overstocking and stockouts1. Jake’s insights highlight the importance of accurate inventory management in driving profitability and efficiency in supply chains. For businesses looking to streamline their inventory processes, CBP offers a practical and data-driven solution. Read the article. https://hubs.la/Q02C_0lP0

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Open-source models can be a strong lever for increasing gross margins at AI companies, especially those that have hefty cost structures (e.g., enterprise sales orgs that require significant customer success or implementation resources, as well forward-deployed AI services models common in healthcare and life sciences). One of many reasons to maintain a modular and flexible stack with minimal dependencies when building an AI company. More on the importance of flexibility in the AI stack: https://lnkd.in/eA2XATRk h/t Delip Rao #ai #artificialintelligence #generativeai #healthcare

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Check out this article outlining 10 compelling reasons why WMS integration is a must-have solution.

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🔍 Supply Chain Insight: Levi Strauss shifts from insourced logistics to a hybrid model with 3PLs, focusing on cost reduction and DTC growth. As businesses re-evaluate fulfillment strategies for operational control and savings, the move towards a hybrid model like Levi's underscores the importance of adapting to market demands. ℹ️ Looking to optimize your supply chain operations like Levi's strategic shift? 🚀 Contact Leverage Supply Chain Group today for tailored solutions and expert guidance to elevate your logistics game. Read the full article: https://bit.ly/45Xtx3U Contact us: https://bit.ly/3TWIZIc #SupplyChainStrategy #LogisticsOptimization

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Warehouse rebates are versatile and should be tailored to match your company’s objectives. There are 3 main types to choose from: 1 - Performance-Based Rebates These rebates reward operational efficiency and accuracy. They’re used to incentivize a wide variety of behaviors, such as reducing shipment errors and improving order processing time. 2 - Volume-Based Rebates Low inventory turnover and poor space utilization will hinder your company from being able to store large quantities. Volume-based rebates indirectly incentivize warehouses to run more efficiently by rewarding them based on the volume they can store. 3 - Loyalty Rebates Stable, long-term partnerships are worth their weight in gold. These rebates reward long-term partners for their commitment and reliability. There’s no one-size-fits-all warehouse rebate. On the surface, it seems like warehouse rebates cost money rather than save money. In reality, warehouse rebates increase profitability by boosting warehouse efficiency, improving accuracy, and strengthening partner relationships. However, rebates cannot be successful without transparent communication and collaboration between partners. Enable serves as a central source of truth where all parties can access the rebate agreement, track progress towards rebate goals, and communicate without delays. Learn more in our “How to Create Effective Warehouse Incentive Programs” blog post. The link is in the comments.

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In the dynamic landscape of India's foodtech industry, the competition between SupplyNote and Zomato epitomizes a David and Goliath battle. SupplyNote, a burgeoning startup specializing in supply chain management for restaurants, ambitiously takes on Zomato, the industry behemoth known for its comprehensive food delivery services. While Zomato's vast resources, extensive market reach, and robust infrastructure present formidable challenges, SupplyNote is carving out a niche by addressing a critical gap: efficient inventory management and supply chain optimization for the restaurant industry. This focus on backend operations offers restaurants a lifeline to streamline procurement processes, reduce wastage, and enhance profitability. SupplyNote's agility and innovative approach could be its strongest weapons. By leveraging technology to provide real-time inventory tracking, automated order placements, and data-driven insights, SupplyNote empowers restaurant owners to operate more efficiently and make informed decisions. This targeted solution has the potential to disrupt traditional supply chain models, providing a competitive edge over larger but less specialized competitors like Zomato. Despite the stark contrast in size and market presence, SupplyNote's concentrated expertise and ability to rapidly adapt to market needs suggest that this David might have the strategic acumen to make a significant impact against the Goliath of India's foodtech space. Listen to the full podcast featuring Kushang, the Founder of SupplyNote, and gain more valuable insights into the strategies driving its success! 🎙️Podcast link: https://lnkd.in/gj_wWdKS 🎙️ #supplynote #foodindustry #restauranttech #supplychain Venture Catalysts++ | India's 1st Multi-Stage VC Artesian (Alternative Investments) SucSEED Ventures SOSV MOX Ashu Agrawal

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The struggle to meet specific warehousing rules and requirements for each customer can lead to significant operational bottlenecks and inefficiencies. 3PL warehouses need a solution that allows to tailor workflows to each customer's needs, ensuring optimal performance and efficiency across all your warehouse environments. Our highly configurable process flows are designed to meet the unique demands of your customers, whether you’re dealing with fresh, frozen or dry goods. Logirack 3PL empowers you to plan, manage, and control operations with precision, ensuring each customer's processes are handled as an extension of their own warehouses. Discover how Logirack 3PL can transform your 3PL warehouse operations and boost efficiency. Contact us for a demo! #Logirack3PL #CeritarTech #3PLWarehousing

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#SupplyChain proximity to the ultimate customer enables greater responsiveness and more rapid #innovation (faster), as well as end-market customization (fewer)." — Michael McKeldon Woody, Author of AMERICAN DRAGON. Buy Amazon >> https://amzn.to/3iXYr2y For #manufacturing: It makes a more positive impact on your bottom line if you can quickly source custom parts than risking defects discovered after overseas transit. What do you wish was closer to home? #cnc #reshoring #madeintheusa

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Are you maximizing the benefits of your warehouse relationships? If you aren’t using warehouse rebates, the answer is no. Warehouse rebates drive cost savings by incentivizing warehouse partners to improve their performance. They encourage warehouses to: - Lower storage costs by increasing inventory turnover - Streamline operations for a more efficient purchasing and fulfillment process - Strengthen vendor relationships by moving from a transactional relationship to a collaborative partnership These improvements create a mutually beneficial relationship where the warehouse earns rebates while your company benefits from their improved performance. As you can imagine, warehouse rebates can be tedious to manage. If you’re using a manual process, every step leaves room for costly errors. Our comprehensive rebate management platform, Enable, is built to simplify complex rebate management. Learn how by visiting the link in the comments.

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Walmart, Target and Kroger executives pointed to price and technology improvements that they are using to offset cost pressures. #LogisticsExcellence #SeamlessShipping #ShippingSolutions #GlobalLogistics #InnovativeLogistics #CargoSolutions #SmartShipping #LogisticsTechnology #LogisticsNetwork

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The Ultimate Guide to the Retail Value Chain. Be sure to tune into the latest episode with Josh Stanley to hear the full conversation! https://lnkd.in/gfaeyDTN #podcast #retail #retailvaluechain #supplychain #technology

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Clear and accurate labeling is critical for the efficient transit and delivery of goods. Products from Chicago Tag & Label ensure that every item shipped is accompanied by #reliable and #precise information, helping to prevent #errors in shipping and handling, reducing the risk of misplaced or lost items, and facilitating smooth logistics operations. This accuracy not only improves operational efficiency but also enhances customer satisfaction by ensuring that orders are delivered correctly and on time. For businesses involved in high-volume shipping, such clear labeling is indispensable. #ChicagoTagAndLabel #AccurateLabeling #SupplyChainEfficiency #LogisticsManagement #CustomLabels #ShippingSolutions #InventoryManagement #EfficientDelivery #PackagingInnovation #ShippingAndHandling #Misplaced #LostItems #SmoothLogisticsOperations #CustomerSatisfaction #DeliveredCorrectlyAndOnTime #OnTimeDelivery

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"Automation and technology may be essential to surviving a talent-constrained business environment that demands fast fulfillment times. 'Solving the technology problem and getting it right will become a core competitive advantage.'" From suppliers to manufacturers to logistics companies, the entire supply chain is undergoing a massive technological transformation. It's not a question of if our when but simply how. #Supplychain #manufacturing #automation #logistics #robotics #americanmanufacturing #business #Supplychainsecurity

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📰 In a recent thought leadership article published by Food Logistics, Loftware's David Dillon outlines why leveraging AI alongside cloud technology has emerged as a powerful enabler for automating complex tasks and ensuring food and beverage product quality: https://lnkd.in/ek755cVU #FoodandBeverage #FoodandBev #AI #Cloud #SupplyChain

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This Sequoia Capital article is easily the best article I have read on product-market fit. (link below) Its very relevant to (disruptive) deep tech startups, a category I often feel is ignored in these articles. 3️⃣ There's three methods to get to PMF, and the largely depend on the nature of the product and the perception of the market: 🔥Hair on Fire: Customers are acutely aware of the problem and actively looking for solutions. Success hinges on delivering the best-in-class solution through differentiation. [Smartphone market, after the iPhone] 🪨Hard Fact: Customers acknowledge the problem as an inevitable fact of life and haven't actively sought solutions. The challenge lies in convincing them that there's a better way and overcoming inertia. [Uber/ AirBnB] 👀Future Vision: Customers are either unaware of the problem or believe a solution is unrealistic. The entrepreneur needs to create a new paradigm and win over customers to this vision. [Apple iPhone/ OpenAI] Each of these have different approaches, as the nature of problem to be solved is different. 🔥Hair on Fire: Act fast and prioritize a great product with a strong go-to-market strategy, usually with a unique insight, because if its a hair-on-fire problem, there are likely existing competitors. [Rippling, the HR software did it unified HR Database for businesses] 🪨Hard Fact: Educate the market about the problem and how your solution offers a better approach. [Square had to do this to overcome the cash-only mentality] 👀Future Vision: Be prepared for a long journey, focus on attracting top talent, and find strategic pit stops for commercial traction along the way. [Nvidia did this with gaming chipsets] So which type of problem is your startup solving?

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