Latest news with #InventoryManagement
Yahoo
a day ago
- Business
- Yahoo
HomeBase USA deploys Simbe's Tally robot to two stores
Home improvement retailer HomeBase USA has deployed Simbe's autonomous shelf-scanning robot, Tally, to two of its stores. The technology is now operational in Copperas Cove, Texas, and Laramie, Wyoming, with the latter being Tally's first introduction to the US state. HomeBase's extensive store layouts and diverse product range make inventory management a complex task. Tally's deployment aims to streamline this process by providing real-time, shelf-level insights into product availability, pricing and placement. It aims to transform store operations by reducing out-of-stock incidents, enhancing labour efficiency and improving the overall shopping experience. HomeBase district manager Mark Dremel stated: 'Getting inventory right is fundamental to our business, and with Tally, we're equipping our teams with the insights they need to succeed. 'This pilot is an exciting step toward improving both operational performance and the in-store experience, and we're eager to see Tally's impact as we look to scale.' The integration of Tally into store operations is a strategic move to alleviate the burden of manual inventory tasks, which can take up to 30 hours a week and are prone to error. These tasks are also the least favoured by store employees, contributing significantly to staff turnover. Tally is designed to address these issues by automating inventory scans multiple times daily, instantly delivering actionable data to store teams through an intuitive app and dashboard. Simbe Robotics states that the presence of robots in stores does not deter customers, with 99% indicating equal or increased likelihood of returning. Tally's design is in harmony with the retail environment, ensuring a non-disruptive presence that navigates safely around customers. Simbe's platform has demonstrated up to 98% on-shelf availability, 90% pricing accuracy and significant time savings that allow staff to focus on more critical tasks. Retailers have reported up to a 2% margin growth and an up-to-15-times return on investment. Simbe's solutions are now active in nine countries and have been introduced in the grocery, club, alcohol, home improvement and farm supply sectors. "HomeBase USA deploys Simbe's Tally robot to two stores" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
24-07-2025
- Business
- Forbes
An Agile Leadership Lesson In Letting Go
Albert Golukhov is the CEO of ExcessLogic, a company specializing in helping businesses optimize their inventory/asset management. Technological advancement is driving change at an exponential rate. Product cycles are shorter, competitors are more aggressive and market expectations seem to evolve overnight. For executives, keeping pace is no longer enough. I find that sustained success now demands a new kind of leadership—one grounded in agility, strategic foresight and the courage to make bold decisions under pressure. Sometimes, this even means strategic asset liquidation. Embracing Agile Leadership Gone are the days when five-year strategic plans could reliably guide a company's direction. In the current climate, long-term road maps often expire before they're executed. Leaders must embrace agility across all functions. That means shorter planning cycles, fast iteration and real-time responsiveness based on emerging market signals. Agility, however, starts with people. Building a culture of continuous learning is essential. Teams should be encouraged to experiment, challenge assumptions and adapt to new technologies without fear of failure. The companies that invest in their employees' curiosity and growth—through things like ongoing training, skill development and cross-functional collaboration—can reap the benefits of a workforce that evolves with the business, not behind it. Equally important is reaching beyond the company's own walls. In high tech, no single organization can master every domain. Forming strategic partnerships with startups, research institutions or even competitors can allow you to accelerate development cycles, share risk and expand capabilities. I encourage you to shift your thinking to ecosystems, not silos, in order to find opportunities where others see threats. To guide these decisions, data must be at the center. While experience and instinct remain valuable, intuition alone won't cut it in a volatile market. Real-time data analytics—applied across customer insights, operational performance and competitive intelligence—can sharpen strategic direction and reduce costly missteps. The faster you can interpret and act on data, the more resilient your strategy becomes. Behind all of this must lie a strong financial foundation. High growth gets the headlines, but liquidity is what gets companies through market turbulence. Therefore, you should be a vigilant steward of cash flow, burn rate and cost structures. In periods of volatility or declining revenue, it may be necessary to make tough calls that protect the company's ability to operate and invest in its future. Strategic Asset Liquidation One highly effective, yet often underutilized, strategy is the liquidation of noncore or underutilized assets. As the CEO of a company specializing in helping businesses optimize asset management, I've seen how this approach can serve as a powerful lever to support ongoing operations, preserve cash and stabilize the business during times of uncertainty. Strategic asset liquidation is not about desperation; it's about discipline. It begins with a clear-eyed audit of everything a company owns. This includes physical assets like IT hardware, networking equipment and office infrastructure, but also intangible assets like intellectual property, unused software licenses, real estate and even entire business units that no longer align with the company's strategic goals. After identifying these assets, the next move is to determine their true market worth and the level of buyer interest. For physical and IT-related equipment, third-party remarketing specialists can help. These firms not only have established networks of buyers but also can handle data security, logistics, compliance and value maximization—greatly reducing legal and operational risks for the seller. Selling assets internally or ad hoc can open a company to unforeseen liability, especially if data isn't properly wiped or environmental disposal isn't compliant with regulatory standards. For IP or software licenses, expert valuation may also be required. This process may involve consulting legal and industry professionals who can assess current market appetite and guide negotiations with potential buyers or licensees. For larger divestitures—such as an underperforming product line or subsidiary—working with investment bankers or M&A advisors may be the most effective route. An often-overlooked advantage of asset liquidation is its impact on the company's tax burden. Many jurisdictions assess taxes based on a company's assets. By shedding excess or nonfunctional assets, businesses can reduce their long-term tax liabilities while also improving their balance sheet and operational efficiency. Crucially, asset liquidation provides immediate capital that can be reinvested with intent. Proceeds should be directed toward high-priority initiatives: critical R&D efforts, essential staffing or near-term growth strategies. This is not just about staying afloat; it's about reallocating trapped resources to areas that drive long-term value creation. Maintaining Stakeholder Trust Transparency throughout this process is key. Leadership must clearly communicate to investors, employees and other stakeholders why certain assets are being sold, how the proceeds will be used and what the overall strategy entails. When executed with integrity and foresight, asset liquidation becomes not a sign of weakness but a marker of strategic maturity. The high-tech sector rewards speed, but it punishes waste. Every piece of unused infrastructure, idle license or outdated subsidiary carries a cost—financially and operationally. Asset liquidation, when approached strategically and executed through the right third-party partners, not only generates immediate capital but also strengthens the company's overall health and readiness for what's next. Agility In Action In a world defined by volatility, the companies that thrive will not be those that hold on the tightest—but those that know when to let go and reinvest wisely. I believe this is the essence of agile leadership: adapting boldly, allocating resources intelligently and moving at the speed of change. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Time Business News
15-07-2025
- Business
- Time Business News
Salesforce Inventory Management: Best Practices for Real-Time Tracking
Keeping track of products in real-time is very important for any business that sells or uses physical goods. Whether you own a store, run a warehouse, or manage supplies for a company, you need to know where your items are and how many are available. This is where Inventory Management on Salesforce can help you. Salesforce is not just a tool for customer service or marketing. It can also help businesses manage their inventory using real-time data. By using Inventory Software on Salesforce, you can see your stock levels, track shipments, and manage orders easily and quickly. In this article, we will explore what ERP on Salesforce means, how it helps with inventory, and the best ways to track items in real time. Inventory Management on Salesforce means using the Salesforce platform to track, manage, and organize your products. It lets you know what you have in stock, where items are located, and when you need to restock. Salesforce works well with many other systems and apps. This means you can connect your sales, customer service, and inventory systems all in one place. This is often called ERP on Salesforce, which stands for Enterprise Resource Planning. When everything is in one system, your team can work faster and better. Real-time tracking means you can see inventory updates the moment they happen. This helps you avoid problems like: Running out of popular itemsOver-ordering products that don't sell Losing track of where items are located With Inventory Software on Salesforce, real-time tracking becomes easy. You always know how much of each item you have, which helps you make smart choices. Here are some of the best ways to use Inventory Management on Salesforce for real-time tracking. Barcodes help you track items quickly and correctly. When an item is scanned, Salesforce updates the inventory right away. This saves time and prevents mistakes. You can even use mobile devices to scan items in the warehouse or store. Salesforce lets you set alerts when items get low. This is called a 'reorder point.' Once inventory reaches that level, the system can tell you to order more. This helps avoid stockouts. When using ERP on Salesforce, your sales, warehouse, and shipping teams can all use the same system. If someone makes a sale, the inventory updates right away. Everyone sees the same numbers, which avoids confusion. Use Inventory Software on Salesforce to create and manage orders automatically. When a customer places an order, the system can check the inventory, create a shipping label, and update the order status. This makes your business run smoothly. Salesforce offers powerful dashboards. These show you real-time data on your inventory. You can see what's selling, what's low in stock, and what needs attention. Reports help you find trends and plan for the future. There are many benefits of using Inventory Software on Salesforce. Here are some of the most important ones: Better Accuracy: Real-time tracking reduces mistakes. Faster Decisions: You always have up-to-date information. Happier Customers: You avoid delays and out-of-stock items. Cost Savings: Avoid over-ordering and reduce waste. More Control: Know exactly what's happening in your business. ERP on Salesforce means more than just inventory tracking. It connects all parts of your business—sales, finance, customer service, and inventory—into one system. When everything is in one place, your team can work better and faster. For example: Your sales team can see if an item is in stock before they make a promise to the finance team can track how much money is spent on inventory. Your warehouse team knows exactly what to pick and pack. This kind of connection is what makes ERP on Salesforce so powerful. Not all tools are the same. When picking Inventory Software on Salesforce, look for these features: Real-time tracking and updatesEasy-to-use dashboardsBarcode supportAlerts and notifications Integration with sales and shipping Make sure the software fits your business size and type. Some tools work better for small businesses, while others are made for big companies. While using Inventory Management on Salesforce, try to avoid these common mistakes: Not updating inventory regularly: Even the best software needs accurate data. Ignoring small errors: Little mistakes can grow into big problems. Not training your team: Make sure everyone knows how to use the system. Skipping reports: Reports help you see what's working and what's not. By avoiding these mistakes, you'll get the most out of your investment. Inventory Management on Salesforce gives you the power to track your items in real time, reduce errors, and improve customer satisfaction. By using ERP on Salesforce, your entire business becomes more connected and efficient. Whether you're a small shop or a big company, Inventory Software on Salesforce helps you stay organized and ready for anything. Real-time tracking is no longer a luxury—it's a necessity. With the right tools and best practices, you can make sure your inventory is always accurate, your team is always informed, and your customers are always happy. TIME BUSINESS NEWS
