Home > Resources > Articles > A Guide to Warehouse Inventory Management: Best Practices, Challenges & Solutions

A Guide to Warehouse Inventory Management: Best Practices, Challenges & Solutions

Bhagyashri Kambale | February 03, 2022 | 658 views
A GUIDE TO WAREHOUSE INVENTORY
Inventory management in warehouse is a never-ending cycle till the time the business is in operation. As your business expands, so does the amount of effort and money spent on warehouse inventory management. After all, the more orders you receive, the more time you'll need to spend on inventory replenishment and warehouse organization.

Fortunately, there are several methods to enhance the warehouse inventory management process, from more efficient storage to the use of automation and other solutions that can minimize manual labor, human error, and total expenses.

In this article, we will look at some of the key challenges that manufacturers face while managing their warehouse inventory and their solutions. Furthermore, we see the best practices for optimizing your warehouse inventory management that would ultimately enhance the efficiency of business operations.

Warehousing and Inventory Management Best Practices


Appoint a Warehouse Supervisor

Managing an effective warehouse begins with hiring a qualified manager. Your organization should choose a warehouse manager with substantial expertise in operating a warehouse comparable to the one you will be operating. A skilled warehouse manager ensures that everything runs smoothly. He/she must be organized, knowledgeable about warehouse operations and technology, and function as a quarterback for the warehouse's rest of the team.

Your warehouse manager will monitor your staff to ensure things are correctly scanned and cataloged. Additionally, they will frequently engage with your warehouse inventory management software to keep a bird's eye perspective on your goods. Finally, your warehouse manager will be responsible for handling any inconsistencies or challenges that develop, so that they respond dynamically anytime your warehouse staff discovers a problem. Some attributes to look out for in your warehouse manager are: organizational ability, precision, tech-savvy, safety-mindedness, leadership, integrity, and a sense of calm.

Plan the Warehouse Layout

The structural layout of your warehouse will either assist or limit your warehouse workers' ability to promptly pick, load, and send items out in response to a sale or transfer request. By dividing warehouses into zones or slots and numbering aisles and bins, warehouse employees may more easily navigate the storage facility. While not all warehouses are designed the same way, an organized warehouse is necessary for effective operations. The way you plan your warehouse space will depend on the things you store. For example, a warehouse containing huge machinery may have specialized zones, whereas a warehouse storing small retail products will have bins and aisles.

Optimizing your warehouse plan will not only enhance space utilization but also increase warehouse productivity and save you money. Consequently, this helps you reach your company goals and satisfy your customers with on-time deliveries.

Create a Workflow

Maintaining an efficient inventory control warehouse is critical to avoid bottlenecks and out-of-stock situations. In addition, a streamlined inventory workflow can assist you in keeping your buyers satisfied and convert them into loyal customers. So, how would you establish an efficient workflow?

Here are some helpful warehousing and inventory management suggestions:
  • Make an attempt to estimate future sales.
  • Use tools that assess old sales and forecast future sales for you.
  • Set a minimum production quantity for each product. This helps to avoid losing sales and income due to product shortages.
  • Set a maximum stock limit. This assists in avoiding overstocking a product, which can result in considerable losses. 
  • Ensure that products are delivered out in the order in which they were received (first in, first out) to maintain product freshness and reduce shelf life. 
  • Use a warehouse inventory management system. This is the simplest and most effective method of maintaining a steady inventory flow.

Invest in Warehouse Inventory Software

A warehouse management system (WMS) is a software solution designed to automate, optimize, and support the operations and activities of a business warehouse. It can automate and simplify a variety of warehouse management operations and maintain a real-time inventory record of all available goods. When goods arrive and depart the warehouse, your warehouse inventory management system will accurately show all inventories and its whereabouts.

Warehouse inventory management software may be configured to automatically replenish stock when a predefined minimum number of items are reached. The finest software analyzes previous sales data automatically to identify the appropriate minimum number for automated reordering. It also determines the minimum quantities at which each product should be replenished.


Warehouse Inventory Challenges and Solutions


Limited Visibility & Solution

Inventory visibility refers to the ability to view and track inventory in real-time. It also helps gain insight into the exact number of units of each SKU in stock at all locations, along with its location within a warehouse or fulfillment center.
When inventory is difficult to identify or find in your warehouse, it can result in incomplete, inaccurate, or delayed shipments. Receiving and locating the correct stock is essential for smooth running warehouse operations as it helps to maintain a positive customer experience.

Solution: To optimize purchasing and receiving operations, increase accuracy, and eliminate missing goods. Including photos with correct product descriptions in your inventory database can also be helpful. Investing in inventory management software is, once again, the best way to overcome low inventory visibility. These systems are meant to automate the process of inventory management across the supply chain, all from a single dashboard. The adoption of digital and data-driven procedures allows businesses to have a comprehensive view of inventory management in warehouse.

Inventory Depletion & Solution

Unsold goods are considered a loss in inventory. Multiple factors contribute to inventory depletion or shrinkage. Sometimes stocks can become obsolete or out-of-date before being sold. In addition, spoilage, damage, or theft are a few other reasons for inventory loss and can be referred to as a serious supply chain issue. Therefore, it is necessary to identify, track, and measure trouble areas.

Solution: Using a third-party logistics (3PL) or fulfillment service (fulfillment solution) increases security. To reduce inventory shrinkage, they'll take the necessary steps to keep your goods secure. They'll provide you with the technology and reports you need to keep an eye on stock levels.

Using an Old Excel Spreadsheet & Solution

The expansion of a company will be hampered if inventory is managed manually using paper-based techniques. A lack of digitalization and an ineffective inventory management procedure yield dismal outcomes when sales volumes rise and inventory increases. It is time to replace excel spreadsheets with newer technologies like business intelligence and to analyze and track large businesses better.

Solution: Having an inventory management system will make the process more efficient and provide you with real-time data. Businesses utilize various inventory management systems, depending on their type of operations. Manual inventory, periodic inventory, and perpetual inventory are three examples of inventory management approaches. Another option is to use one of the several software programs such as Upserve, Megaventory, and Orderhive for inventory management that are currently available on the market.

Warehouse Space Management & Solution

A warehouse layout that facilitates the simple selection, packaging, and shipping of orders is a sign of efficient warehouse space management. Designing a functional warehouse layout is critical since it directly influences the efficiency and productivity of your warehouse. A well-designed warehouse layout enables easy access to stored goods, saves travel time, and increases order fulfillment rates.

Solution: Optimize storage space and inventory flow by utilizing inventory management systems that include warehouse management features. Automate order picking, packaging, and shipping operations by categorizing inventory storage by shelf, bin, and compartment.

Communication Difficulties & Solution

Collaboration and communication are critical in the management of warehouse. Lack of communication in a warehouse can result in disorganized operations, resulting in errors and inefficient processes. In practice, this might imply that stock is misplaced or delayed, resulting in a negative customer experience.

Solution: Warehouse workers should be equipped with phones and radios for one-on-one communication. Mobile devices are the foundation of portable communication, which is critical for warehouse employees who are always on the move. Supervisors and managers must have a PA system, also known as a public address system, to make announcements in an emergency or when loading and unloading goods.

Another option to simplify warehouse operations is to distribute wearable GPS devices to your employees. Using cloud-based software to manage inventory also provides the best solution for checking stock and communicating data across departments.

Final Words

Warehousing and inventory management affect every step of your e-commerce supply chain, from receiving and storing goods to fulfilling and shipping orders. Poor warehouse inventory management may lead to higher logistics costs, dissatisfied warehouse personnel, more picking and packing errors, delayed shipments, and disappointed customers. However, with some of the best practices mentioned above, you may improve your warehouse inventory management. You can take advantage of the solutions to most of the key challenges listed above.

FAQ


What are the four ways to control inventory?

The four key ways of controlling inventory are as follows: just-in-time delivery, downloading inventory software, stock control, and lowering carrying costs.

How is inventory management different from warehouse management?

The primary difference between the two systems is the human component. While inventory management is concerned exclusively with merchandise or stock, warehouse management includes the administration of workers as well as shipping or shipping professionals who work in a warehouse setting.

What are the four inventory management types?

Primarily, inventory management is grouped into four types:
  • Raw materials
  • Works-in-progress
  • Maintenance, repair, and operations (MRO) goods
  • Finished goods

Spotlight

InterLink Engineering

Our specialty is Design & Manufacturing. We provide On-Demand SolidWorks Certified Professional Designers and contract Engineering Resource Solutions for the Aerospace, Commercial, Defense and Medical markets. 3D Modeling and SolidWorks Design, Plastic Injection Molded part design specialists, Product Design and Development, Prototype Fabrication & Testing, Quality Assurance Engineering.

OTHER ARTICLES
MANUFACTURING TECHNOLOGY,OPERATIONS

Size, Scope, and Forecast of the Air Cannon System Market

Article | July 11, 2022

During the forecast period of 2022-2029, the Air Cannon System market size is expected to develop revenue and exponential market growth at a remarkable CAGR. The market's expansion can be attributed to rising demand for Air Cannon System in construction, industrial, mining, and other applications on a global scale. At the country level, the report provides insights into the lucrative opportunities in the Air Cannon System Market. The report also includes a precise cost, segment, trend, region, and commercial development of the major key players worldwide for the projected period. The comprehensive report on the Air Cannon System Market will analyse data changes and their global market impact. It also examines the overall growth of companies in the market as well as their ability to manage and control profit levels, which is critical for any investor looking to open and expand a business in the same market. The report aims to provide investors with an accurate prediction of market development over time by providing a detailed analysis of current trends and key changes that serve as a framework for the company to calculate market growth potential in the near future. The report also tracks and records significant events such as business combinations, joint initiatives, accomplishments, new product developments, or market activities. The main purpose is to provide a growth map from which the benefits can be calculated. It includes Porter's Five Forces analysis, which explains the five forces: customer bargaining power, distributor bargaining power, the threat of substitute products, and the degree of competition in the Air Cannon System market, as well as a market overview, which includes market dynamics. It describes the various market ecosystem players, such as system integrators, middlemen, and end users. Another major topic covered in the report is the competitive environment of the Air Cannon System market. The research also provides in-depth details about the COVID-19 scenario and its impact on the market to help with decision-making.

Read More
MANUFACTURING TECHNOLOGY,FUTURE OF MANUFACTURING

Factors Explaining Why American Manufacturing Is Growing

Article | July 11, 2022

Even though Silicon Valley has built its reputation on innovation, it is believed that it has lost its edge. Business entrepreneurs were encouraged to focus on gleaming venture capitalists, to sell bigger dreams to the most popular technology. The future of the American manufacturing industry is predicted to have more growth than the past two decades, and here are the reasons why: Excluding the Middleman: From ancient times, manufacturers sold through retailers who acted as middlemen in the distribution process, but with the upgradation of the industry, manufacturers can now directly connect to the consumers and the government. Rising Demand for US Made Products: The US population leans more towards products that are made in America. Hence, the manufacturers make extra efforts to produce high quality premium products for their customers. Customer Loyalty and Support: Customers love to connect with the brand and understand the brand’s struggle to manufacture and create excellent products. Engaging customers in the journey will help manufacturers gain insights and feedback, and improvise accordingly. People today are more keen towards seeing improvements sooner, and it has become much easier to hear from customers, iterate, fail, pivot, and improve quickly. Conscientious Capitalism’s Rise: When you take into account the carbon cost of transportation imports, there is another clear advantage to the growth of domestic production. Important financial advisors are also raising this alarm. For instance, the polypropylene required for the majority of PPE is manufactured in the U.S., transported to China, used to make masks, and then returned. Additionally, since at least 18% of air pollution is caused by ocean freight, domestic product manufacturing may benefit both the environment and consumer demand. Energy Costs: The cost of energy consumption in the United States is declining, which is crucial when competing with foreign companies. For the first time in modern history, domestic production has a strategic advantage because electricity is the second-highest cost after labor. Automation: The strategic advantage of cheap labour possessed by international competitors is eliminated by the growth of automation. Over the next ten years, robotic automation is expected to challenge enterprises that have relied on cheap labour as a competitive advantage, paving the way for a revival of American manufacturing.

Read More
MANUFACTURING TECHNOLOGY,INDUSTRIAL DATA

The Top 8 Latest Trends in Manufacturing and Engineering for 2022

Article | July 8, 2022

Manufacturers are constantly striving to overcome challenges, improve processes, and identify efficiencies, and the manufacturing trends we predict for 2022 will all serve to further these objectives. As with any new year, technological advances, market needs, and business objectives will drive manufacturing industry trends. Looking ahead to the rest of 2022, the COVID-19 pandemic continues to have an impact on manufacturing, implying that some 2021 trends will carry over — but there will be new challenges and opportunities. From business agility to worker safety and the realities of adapting to what may be a "new normal," the manufacturing trends in 2022 will be a response to the unique challenges of recent years in many ways. The continuous advancement of technology, connectivity, and automation is poised to solve problems while also presenting unprecedented opportunities. Let’s understand the trends in manufacturing and engineering in 2022: 2022 will be the year of smart factories Greater emphasis on sustainability and carbon neutrality Supply chain re-evaluation The permanent importance of reshoring Employee safety and health Data-driven maintenance as a margin booster Growing reliance on virtual processes Increasing demand with a reduced labor force ATS, as a technology-driven maintenance company, can assist you with your challenges and goals for 2022 and beyond, allowing you to lead your operations into the next decade. Contact ATS today for more information.

Read More
SMART FACTORY,INDUSTRIAL 4.0

Smart Manufacturing with IoT & Industry 4.0

Article | July 8, 2022

Industry 4.0 is a new phase of the Industrial Revolution that emphasizes interconnectivity, automation, machine learning, and real-time data. Industry 4.0 and IIoT combine physical production with smart digital technology to create a holistic and better connected ecosystem for manufacturing and supply chain management. Industry 4.0 is about revolutionizing the way your entire business operates and grows by investing in new technology and tools to improve manufacturing efficiency. In most cases, businesses are deploying iIoT devices and machinery linked by communication technologies to help industries collect, monitor, analyze, and deliver valuable insights. The specifics of how this technology is used vary from company to company, but the goal is always the same: to improve operational efficiency through analytics, automation, and connectivity. For example, The manufacturing sector is already undergoing a revolution. According to an IDC report, the sector spent $178 billion on the iIoT in 2016. Also, as per MarketWatch, iIoT investment in the manufacturing sector will grow at a CAGR of 29.68% until 2020. Amazon paid $775 million for the robotics company Kiva in 2012. It crosses our mind: why such a big investment? It made more sense for them to use robots to locate products and deliver them to their workers than for their workers to find the products themselves. Smart Manufacturing Use Cases: Industry 4.0 technology is being implemented by a North American tool manufacturer in order to improve efficiencies and productivity in its global manufacturing operations. Caterpillar recently collaborated with industrial analytics firm Uptake to develop technologies that will assist their customers in monitoring the health of their equipment. They used a variety of IoT and augmented reality technologies to provide machine operators with an instant view of vitals such as fuel levels and when the air filter needs to be replaced. When an air filter needs to be replaced, the technology sends detailed instructions to the machine operator. Siemens' factory in Amberg, Germany, personifies the company's passion for technological innovation. The plant was created as part of a collaboration with the German government to create a series of fully automated smart factories. The plant itself manufactures parts for BMW and is said to be approximately 75% automated. The purpose of going over these use cases is to help you imagine and consider how smart manufacturing could be integrated into your own organization.

Read More
MANUFACTURING TECHNOLOGY,OPERATIONS

Size, Scope, and Forecast of the Air Cannon System Market

Article | July 11, 2022

During the forecast period of 2022-2029, the Air Cannon System market size is expected to develop revenue and exponential market growth at a remarkable CAGR. The market's expansion can be attributed to rising demand for Air Cannon System in construction, industrial, mining, and other applications on a global scale. At the country level, the report provides insights into the lucrative opportunities in the Air Cannon System Market. The report also includes a precise cost, segment, trend, region, and commercial development of the major key players worldwide for the projected period. The comprehensive report on the Air Cannon System Market will analyse data changes and their global market impact. It also examines the overall growth of companies in the market as well as their ability to manage and control profit levels, which is critical for any investor looking to open and expand a business in the same market. The report aims to provide investors with an accurate prediction of market development over time by providing a detailed analysis of current trends and key changes that serve as a framework for the company to calculate market growth potential in the near future. The report also tracks and records significant events such as business combinations, joint initiatives, accomplishments, new product developments, or market activities. The main purpose is to provide a growth map from which the benefits can be calculated. It includes Porter's Five Forces analysis, which explains the five forces: customer bargaining power, distributor bargaining power, the threat of substitute products, and the degree of competition in the Air Cannon System market, as well as a market overview, which includes market dynamics. It describes the various market ecosystem players, such as system integrators, middlemen, and end users. Another major topic covered in the report is the competitive environment of the Air Cannon System market. The research also provides in-depth details about the COVID-19 scenario and its impact on the market to help with decision-making.

Read More
MANUFACTURING TECHNOLOGY,FUTURE OF MANUFACTURING

Factors Explaining Why American Manufacturing Is Growing

Article | July 11, 2022

Even though Silicon Valley has built its reputation on innovation, it is believed that it has lost its edge. Business entrepreneurs were encouraged to focus on gleaming venture capitalists, to sell bigger dreams to the most popular technology. The future of the American manufacturing industry is predicted to have more growth than the past two decades, and here are the reasons why: Excluding the Middleman: From ancient times, manufacturers sold through retailers who acted as middlemen in the distribution process, but with the upgradation of the industry, manufacturers can now directly connect to the consumers and the government. Rising Demand for US Made Products: The US population leans more towards products that are made in America. Hence, the manufacturers make extra efforts to produce high quality premium products for their customers. Customer Loyalty and Support: Customers love to connect with the brand and understand the brand’s struggle to manufacture and create excellent products. Engaging customers in the journey will help manufacturers gain insights and feedback, and improvise accordingly. People today are more keen towards seeing improvements sooner, and it has become much easier to hear from customers, iterate, fail, pivot, and improve quickly. Conscientious Capitalism’s Rise: When you take into account the carbon cost of transportation imports, there is another clear advantage to the growth of domestic production. Important financial advisors are also raising this alarm. For instance, the polypropylene required for the majority of PPE is manufactured in the U.S., transported to China, used to make masks, and then returned. Additionally, since at least 18% of air pollution is caused by ocean freight, domestic product manufacturing may benefit both the environment and consumer demand. Energy Costs: The cost of energy consumption in the United States is declining, which is crucial when competing with foreign companies. For the first time in modern history, domestic production has a strategic advantage because electricity is the second-highest cost after labor. Automation: The strategic advantage of cheap labour possessed by international competitors is eliminated by the growth of automation. Over the next ten years, robotic automation is expected to challenge enterprises that have relied on cheap labour as a competitive advantage, paving the way for a revival of American manufacturing.

Read More
MANUFACTURING TECHNOLOGY,INDUSTRIAL DATA

The Top 8 Latest Trends in Manufacturing and Engineering for 2022

Article | July 8, 2022

Manufacturers are constantly striving to overcome challenges, improve processes, and identify efficiencies, and the manufacturing trends we predict for 2022 will all serve to further these objectives. As with any new year, technological advances, market needs, and business objectives will drive manufacturing industry trends. Looking ahead to the rest of 2022, the COVID-19 pandemic continues to have an impact on manufacturing, implying that some 2021 trends will carry over — but there will be new challenges and opportunities. From business agility to worker safety and the realities of adapting to what may be a "new normal," the manufacturing trends in 2022 will be a response to the unique challenges of recent years in many ways. The continuous advancement of technology, connectivity, and automation is poised to solve problems while also presenting unprecedented opportunities. Let’s understand the trends in manufacturing and engineering in 2022: 2022 will be the year of smart factories Greater emphasis on sustainability and carbon neutrality Supply chain re-evaluation The permanent importance of reshoring Employee safety and health Data-driven maintenance as a margin booster Growing reliance on virtual processes Increasing demand with a reduced labor force ATS, as a technology-driven maintenance company, can assist you with your challenges and goals for 2022 and beyond, allowing you to lead your operations into the next decade. Contact ATS today for more information.

Read More
SMART FACTORY,INDUSTRIAL 4.0

Smart Manufacturing with IoT & Industry 4.0

Article | July 8, 2022

Industry 4.0 is a new phase of the Industrial Revolution that emphasizes interconnectivity, automation, machine learning, and real-time data. Industry 4.0 and IIoT combine physical production with smart digital technology to create a holistic and better connected ecosystem for manufacturing and supply chain management. Industry 4.0 is about revolutionizing the way your entire business operates and grows by investing in new technology and tools to improve manufacturing efficiency. In most cases, businesses are deploying iIoT devices and machinery linked by communication technologies to help industries collect, monitor, analyze, and deliver valuable insights. The specifics of how this technology is used vary from company to company, but the goal is always the same: to improve operational efficiency through analytics, automation, and connectivity. For example, The manufacturing sector is already undergoing a revolution. According to an IDC report, the sector spent $178 billion on the iIoT in 2016. Also, as per MarketWatch, iIoT investment in the manufacturing sector will grow at a CAGR of 29.68% until 2020. Amazon paid $775 million for the robotics company Kiva in 2012. It crosses our mind: why such a big investment? It made more sense for them to use robots to locate products and deliver them to their workers than for their workers to find the products themselves. Smart Manufacturing Use Cases: Industry 4.0 technology is being implemented by a North American tool manufacturer in order to improve efficiencies and productivity in its global manufacturing operations. Caterpillar recently collaborated with industrial analytics firm Uptake to develop technologies that will assist their customers in monitoring the health of their equipment. They used a variety of IoT and augmented reality technologies to provide machine operators with an instant view of vitals such as fuel levels and when the air filter needs to be replaced. When an air filter needs to be replaced, the technology sends detailed instructions to the machine operator. Siemens' factory in Amberg, Germany, personifies the company's passion for technological innovation. The plant was created as part of a collaboration with the German government to create a series of fully automated smart factories. The plant itself manufactures parts for BMW and is said to be approximately 75% automated. The purpose of going over these use cases is to help you imagine and consider how smart manufacturing could be integrated into your own organization.

Read More
MORE ARTICLE

Spotlight

InterLink Engineering

Our specialty is Design & Manufacturing. We provide On-Demand SolidWorks Certified Professional Designers and contract Engineering Resource Solutions for the Aerospace, Commercial, Defense and Medical markets. 3D Modeling and SolidWorks Design, Plastic Injection Molded part design specialists, Product Design and Development, Prototype Fabrication & Testing, Quality Assurance Engineering.

Related News

MANUFACTURING TECHNOLOGY

Epicor Acquires MES Provider eFlex Systems, Expanding Industry 4.0 Capabilities to Modernize Manufacturing Production Processes

Epicor | October 07, 2022

Epicor, a global leader of industry-specific enterprise software to promote business growth, today announced it has acquired eFlex Systems, a provider of cloud-based Manufacturing Execution System (MES) technologies. The acquisition expands the Epicor portfolio of Advanced MES capabilities to help manufacturers increase productivity by modernizing their production environments through digital work instructions, advanced process control, and real-time visibility. Financial terms were not disclosed. “I am thrilled to bring eFlex Systems into the Epicor family! Shop floors are a complex intersection of people, machines, robots, and materials, and it’s critical they work seamlessly together, People will continue to be at the heart of manufacturing, and our acquisition of eFlex Systems extends our ability to give Epicor customers the information they need to improve the user experience and unlock new levels of productivity.” -Steve Murphy, CEO Epicor. The eFlex Systems Manufacturing Integrated Platform (MIP®) enables manufacturers to manage and visualize global operations in real time, connecting devices, sensors, and machines with people to help operators build the right part, with the right tool, at the right setting in a safe and repeatable way. This helps manufacturers solve labor challenges by simplifying tasks and extending workers with connected devices which improves productivity. Epicor customers will be able to digitize processes through operator guidance, alerts, traceability, and data collection at the individual task level. Workstations can be configured and connected to their environments through open protocols and tools such as RFID, MQTT, and Node-RED, enabling operators to seamlessly leverage IoT devices such as DC tooling, barcode readers, weight scales, pick lights, PLCs, and others to complete the task at hand. “We’ve always been focused at eFlex Systems on helping customers reimagine manufacturing through sustainable, world-class production processes, By joining with Epicor, we’re furthering our mission to modernize manufacturing and bridge the data gap with cost-effective, easy-to-use solutions that drive efficiencies and throughput.” -Dan McKiernan CEO eFlex. About Epicor: Epicor Software Corporation equips hard-working businesses with enterprise solutions that keep the world turning. For nearly 50 years, Epicor customers in the automotive, building supply, distribution, manufacturing, and retail industries have trusted Epicor to help them do business better. Innovative Epicor solution sets are carefully curated to fit customer needs and built to respond flexibly to their fast-changing reality. With deep industry knowledge and experience, Epicor accelerates its customers’ ambitions, whether to grow and transform, or simply become more productive and effective.

Read More

3D PRINTING

Fortify Ships FLUX CORE 3D Printer to IERUS Technologies

Fortify | October 06, 2022

Fortify, provider of advanced composite-photopolymer printers, announced today that IERUS Technologies received a FLUX CORE 3D printer and Flux Developer materials onboarding software for design and engineering of Defense Systems. The 3D printer will be used to realize complex RF (radio frequency) applications. "Placing a printer at the IERUS Technologies headquarters provides a critical resource to support the growing need for additive manufacturing solutions in electromagnetics for Defense, Fortify's printers are uniquely positioned to print low-loss 3D printing materials, enabling performance advantages where traditional manufacturing falls short (due to machining, weight, and size)." -Eric Versluys, Director of Defense Programs at Fortify. IERUS Technologies, a provider of engineering and design solutions for Defense and commercial customers, such as sensors and strategic systems, is designing novel RF structures such as Graded Refractive Index (GRIN) lenses leveraging Fortify's FLUX CORE system. The Flux Core system enables companies like IERUS to take advantage of the design freedoms enabled by RadixTM, a 3D printable low-loss material developed by Rogers Corporation. "The Fortify 3D printer line will enable IERUS Technologies to develop complex RF structures that push the limits of traditional RF architectures with novel electromagnetic phenomenologies." -Jason Keen, CEO of IERUS Technologies This announcement comes a few months after Fortify's strategic investment from In-Q-Tel and the development of a portfolio of electronic 3D printing materials. IERUS will leverage the FLUX Developer toolkit, an open platform for the development of viscous and filled resins, to optimize printing of RF devices. Fortify will be showcasing 3D printed RF structures printed on the FLUX CORE 3D printer at Array 2022 October 11 - 14 in Waltham, MA. About Fortify: Fortify is transforming the 3D printing industry with its patented DCM (Digital Composite Manufacturing) platform. DCM delivers new levels of additively manufactured part performance by introducing functional additives to photopolymers. By combining a deep understanding of material science with high performance mixing, magnetics, and polymer physics, Fortify is able to produce custom microstructures in high-resolution 3D printed parts. The company is currently focused on applications ranging from injection mold tooling to high performance end-use parts with unique mechanical and electromagnetic properties. Founded in 2016 and based in Boston, Fortify4 technology enables material properties and components unattainable using other additive or traditional manufacturing processes.

Read More

PROCUREMENT & SUPPLY CHAIN

EVERSANA™ Announces Strategic Partnership with Compai Pharma to Expand Commercialisation Services Across the Asia Pacific Region

EVERSANA | July 18, 2022

EVERSANA™, a pioneer of next-generation commercial services to the global life sciences industry with its Asian regional headquarters in Singapore and offices across Japan, China and other countries in the area, and Compai Pharma, an enterprising pharmaceutical company offering full-service commercialisation with offices in Singapore and Malaysia, today announced a strategic partnership to expand service across the Asia Pacific region. Together, EVERSANA and Compai Pharma will provide medical and commercial resources to healthcare partners to support full market implementation and development for life science and pharmaceutical companies ready to expand into these markets. "As the needs of clients and their patients continue to grow, so too do our capabilities to scale delivery on a global level, The Asia Pacific region is one of the fastest-growing pharmaceutical markets in the world and requires regional expertise to increase patient access. Together with Compai Pharma, we're now able to drive greater value and services for our clients to support their evolving commercialisation needs." -Jim Lang, CEO, EVERSANA. Capabilities available through the partnership include consulting, market access, medical awareness, education and communication, pharmacovigilance, marketing & sales excellence, as well as distribution and additional services. "I am deeply honoured and excited to enter this partnership with such an esteemed company as EVERSANA, Our mission is to work closely with healthcare practitioners across APAC to ensure needed medications and devices are available for patients while also becoming a trusted partner to provide education and updates on the latest in clinical developments. This goal is highly synergistic with EVERSANA's global ambition." -Tim Cushway, Founder and Director at Compai Pharma. The partnership with Compai builds on EVERSANA's continued global growth, including recent expansion across the European Union and the United Kingdom. Additionally in June 2021, EVERSANA announced the growth of its medical communications and integrated compliance services across 18 European countries and in 10 local languages. About Compai Pharma- Compai Pharma was founded in 2017 with a headquarters in Singapore with a strong focus on healthcare business development focusing on medical, sales and marketing excellence. The company is governed by a lean and transparent management team, operating out of Singapore and Malaysia, that have experience and strong relationships across Australasia. The strategic imperative adopted by all members of the Compai team is to contribute in a dynamic, interactive and transparent manner building lasting partnerships. The initial focus has been with the introduction of a specialised high-dose IV iron, Monofer®, which has an important medical role across nearly all therapeutic areas – especially obstetrics and gynecology, surgery and anesthesia, cardiology, oncology, gastroenterology, and general practitioners – enabling strong networks and collaborations in both the private and public sectors. Compai is a Spanish word meaning 'friend' which characterizes our largely young, dynamic and passionate team that strives to bring first-class service to patients and our healthcare partners. About EVERSANA- EVERSANA™ is the leading independent provider of global services to the life sciences industry. The company's integrated solutions are rooted in the patient experience and span all stages of the product life cycle to deliver long-term, sustainable value for patients, prescribers, channel partners and payers. The company serves more than 500 organizations, including innovative start-ups and established pharmaceutical companies, to advance life sciences solutions for a healthier world.

Read More

MANUFACTURING TECHNOLOGY

Epicor Acquires MES Provider eFlex Systems, Expanding Industry 4.0 Capabilities to Modernize Manufacturing Production Processes

Epicor | October 07, 2022

Epicor, a global leader of industry-specific enterprise software to promote business growth, today announced it has acquired eFlex Systems, a provider of cloud-based Manufacturing Execution System (MES) technologies. The acquisition expands the Epicor portfolio of Advanced MES capabilities to help manufacturers increase productivity by modernizing their production environments through digital work instructions, advanced process control, and real-time visibility. Financial terms were not disclosed. “I am thrilled to bring eFlex Systems into the Epicor family! Shop floors are a complex intersection of people, machines, robots, and materials, and it’s critical they work seamlessly together, People will continue to be at the heart of manufacturing, and our acquisition of eFlex Systems extends our ability to give Epicor customers the information they need to improve the user experience and unlock new levels of productivity.” -Steve Murphy, CEO Epicor. The eFlex Systems Manufacturing Integrated Platform (MIP®) enables manufacturers to manage and visualize global operations in real time, connecting devices, sensors, and machines with people to help operators build the right part, with the right tool, at the right setting in a safe and repeatable way. This helps manufacturers solve labor challenges by simplifying tasks and extending workers with connected devices which improves productivity. Epicor customers will be able to digitize processes through operator guidance, alerts, traceability, and data collection at the individual task level. Workstations can be configured and connected to their environments through open protocols and tools such as RFID, MQTT, and Node-RED, enabling operators to seamlessly leverage IoT devices such as DC tooling, barcode readers, weight scales, pick lights, PLCs, and others to complete the task at hand. “We’ve always been focused at eFlex Systems on helping customers reimagine manufacturing through sustainable, world-class production processes, By joining with Epicor, we’re furthering our mission to modernize manufacturing and bridge the data gap with cost-effective, easy-to-use solutions that drive efficiencies and throughput.” -Dan McKiernan CEO eFlex. About Epicor: Epicor Software Corporation equips hard-working businesses with enterprise solutions that keep the world turning. For nearly 50 years, Epicor customers in the automotive, building supply, distribution, manufacturing, and retail industries have trusted Epicor to help them do business better. Innovative Epicor solution sets are carefully curated to fit customer needs and built to respond flexibly to their fast-changing reality. With deep industry knowledge and experience, Epicor accelerates its customers’ ambitions, whether to grow and transform, or simply become more productive and effective.

Read More

3D PRINTING

Fortify Ships FLUX CORE 3D Printer to IERUS Technologies

Fortify | October 06, 2022

Fortify, provider of advanced composite-photopolymer printers, announced today that IERUS Technologies received a FLUX CORE 3D printer and Flux Developer materials onboarding software for design and engineering of Defense Systems. The 3D printer will be used to realize complex RF (radio frequency) applications. "Placing a printer at the IERUS Technologies headquarters provides a critical resource to support the growing need for additive manufacturing solutions in electromagnetics for Defense, Fortify's printers are uniquely positioned to print low-loss 3D printing materials, enabling performance advantages where traditional manufacturing falls short (due to machining, weight, and size)." -Eric Versluys, Director of Defense Programs at Fortify. IERUS Technologies, a provider of engineering and design solutions for Defense and commercial customers, such as sensors and strategic systems, is designing novel RF structures such as Graded Refractive Index (GRIN) lenses leveraging Fortify's FLUX CORE system. The Flux Core system enables companies like IERUS to take advantage of the design freedoms enabled by RadixTM, a 3D printable low-loss material developed by Rogers Corporation. "The Fortify 3D printer line will enable IERUS Technologies to develop complex RF structures that push the limits of traditional RF architectures with novel electromagnetic phenomenologies." -Jason Keen, CEO of IERUS Technologies This announcement comes a few months after Fortify's strategic investment from In-Q-Tel and the development of a portfolio of electronic 3D printing materials. IERUS will leverage the FLUX Developer toolkit, an open platform for the development of viscous and filled resins, to optimize printing of RF devices. Fortify will be showcasing 3D printed RF structures printed on the FLUX CORE 3D printer at Array 2022 October 11 - 14 in Waltham, MA. About Fortify: Fortify is transforming the 3D printing industry with its patented DCM (Digital Composite Manufacturing) platform. DCM delivers new levels of additively manufactured part performance by introducing functional additives to photopolymers. By combining a deep understanding of material science with high performance mixing, magnetics, and polymer physics, Fortify is able to produce custom microstructures in high-resolution 3D printed parts. The company is currently focused on applications ranging from injection mold tooling to high performance end-use parts with unique mechanical and electromagnetic properties. Founded in 2016 and based in Boston, Fortify4 technology enables material properties and components unattainable using other additive or traditional manufacturing processes.

Read More

PROCUREMENT & SUPPLY CHAIN

EVERSANA™ Announces Strategic Partnership with Compai Pharma to Expand Commercialisation Services Across the Asia Pacific Region

EVERSANA | July 18, 2022

EVERSANA™, a pioneer of next-generation commercial services to the global life sciences industry with its Asian regional headquarters in Singapore and offices across Japan, China and other countries in the area, and Compai Pharma, an enterprising pharmaceutical company offering full-service commercialisation with offices in Singapore and Malaysia, today announced a strategic partnership to expand service across the Asia Pacific region. Together, EVERSANA and Compai Pharma will provide medical and commercial resources to healthcare partners to support full market implementation and development for life science and pharmaceutical companies ready to expand into these markets. "As the needs of clients and their patients continue to grow, so too do our capabilities to scale delivery on a global level, The Asia Pacific region is one of the fastest-growing pharmaceutical markets in the world and requires regional expertise to increase patient access. Together with Compai Pharma, we're now able to drive greater value and services for our clients to support their evolving commercialisation needs." -Jim Lang, CEO, EVERSANA. Capabilities available through the partnership include consulting, market access, medical awareness, education and communication, pharmacovigilance, marketing & sales excellence, as well as distribution and additional services. "I am deeply honoured and excited to enter this partnership with such an esteemed company as EVERSANA, Our mission is to work closely with healthcare practitioners across APAC to ensure needed medications and devices are available for patients while also becoming a trusted partner to provide education and updates on the latest in clinical developments. This goal is highly synergistic with EVERSANA's global ambition." -Tim Cushway, Founder and Director at Compai Pharma. The partnership with Compai builds on EVERSANA's continued global growth, including recent expansion across the European Union and the United Kingdom. Additionally in June 2021, EVERSANA announced the growth of its medical communications and integrated compliance services across 18 European countries and in 10 local languages. About Compai Pharma- Compai Pharma was founded in 2017 with a headquarters in Singapore with a strong focus on healthcare business development focusing on medical, sales and marketing excellence. The company is governed by a lean and transparent management team, operating out of Singapore and Malaysia, that have experience and strong relationships across Australasia. The strategic imperative adopted by all members of the Compai team is to contribute in a dynamic, interactive and transparent manner building lasting partnerships. The initial focus has been with the introduction of a specialised high-dose IV iron, Monofer®, which has an important medical role across nearly all therapeutic areas – especially obstetrics and gynecology, surgery and anesthesia, cardiology, oncology, gastroenterology, and general practitioners – enabling strong networks and collaborations in both the private and public sectors. Compai is a Spanish word meaning 'friend' which characterizes our largely young, dynamic and passionate team that strives to bring first-class service to patients and our healthcare partners. About EVERSANA- EVERSANA™ is the leading independent provider of global services to the life sciences industry. The company's integrated solutions are rooted in the patient experience and span all stages of the product life cycle to deliver long-term, sustainable value for patients, prescribers, channel partners and payers. The company serves more than 500 organizations, including innovative start-ups and established pharmaceutical companies, to advance life sciences solutions for a healthier world.

Read More

Events