We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Using predictive analytics to make cycle counting better
CSCMP EDGE 2022

Using predictive analytics to make cycle counting better

Third-party logistics provider uses mathematical model to make cycle counting more targeted and efficient.

September 20, 2022
Susan Lacefield
No Comments

While cycle counting the existing inventory in your warehouse is a necessary process, it eats up valuable employee time. And frankly, it's tedious and thankless work. 

To make the whole process more efficient and effective, third-party logistics provider GEODIS is calling on the power of predictive analytics. 

In a presentation at this week's Council of Supply Chain Management Professionals (CSCMP) EDGE Conference, company representatives outlined how they have developed a neural network model that identifies what items have the highest possibility of a mismatch between the actual inventory level and what is record in the company's system. Instead of counting all the items in the warehouse, inventory control workers focus specifically on those high-risk items.

This change has greatly reduced the amount of time needed to perform cycle counting, which frees up inventory control workers to conduct a root cause analysis of problems revealed during the count. Additionally inventory control is better able to unearth inventory discrepancies before they actually cause a problem, such as when a picker goes to pick an item and it is not available in the slotting location. As a result, picker productivity has improved as has employee retention. 

GEODIS has piloted the program for two clients, a medical supply company and a well-known toy brand. The company will be releasing a white paper with greater details at the end of this month.







Technology
KEYWORDS Council of Supply Chain Management Professionals CSCMP CSCMP EDGE GEODIS Predictive analytics
  • Related Articles

    More companies are using analytics to detect supply chain fraud, says Deloitte

    MIT report examines predictive analytics in supply chains

    Transplace and Riskpulse team up on predictive analytics

Susan Lacefield is Executive Editor of CSCMP’s Supply Chain Quarterly.

Recent Articles by Susan Lacefield

Fred Smith is not worried about Amazon

CSCMP EDGE keynote challenges attendees to rethink sustainability and the circular supply chain

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Forecasts call for freight rate slumps in 2023

  • Projected U.S. recession in early 2023 will soften freight market

  • Inflation drops again as interest rate hikes hit home, NRF says

  • How to avoid the next crisis: A new approach to supply chain agility

  • New Jersey truck fleet says Freightliner tractors will deliver safety as well as freight

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing