Skip to content
Search AI Powered

Latest Stories

inbound

"Inventory nightmares" highlight importance of good asset tracking

The consequences of failing to keep track of inventory can be dire, as these tales of woe demonstrate.

Every warehouse operator, stockroom manager, or transportation company can tell a tale or two about lost inventory or missing assets. Sometimes, the consequences are relatively minor. But in other cases, they're nothing less than dire, as these real-life examples offered by Wasp Barcode Technologies attest:

  • The Case of the Missing Radioactive Container. Back in 2010, FedEx was charged with delivering three packages containing radioactive rods used in computerized tomography (CT) scans to a hospital. When one of the packages failed to arrive at its destination, FedEx initiated a nationwide search and alerted the Nuclear Regulatory Commission. Fortunately, the package was recovered and no one was exposed to the container's low-level radiation.
  • The Case of the Vanishing Weapons. In late 2010, tens of thousands of machine guns and rocket-propelled grenade launchers that were to be provided by the U.S. military to the Afghan National Police went missing. According to an article in **ital{Stars and Stripes,} a breakdown in communications and the Afghans' own logistical shortcomings were to blame for the disappearance. Despite a search by coalition forces and the Afghan police, the whereabouts of the missing weapons remain unknown.
  • The Case of the Forgotten Medical Supply. Surgical items can blend into their surroundings during medical procedures and may be overlooked. The most common such mistake: accidentally leaving surgical sponges inside a patient, which can lead to serious infections and even death. Without some method of tracking the items, nobody knows they're missing.

Bar-code technologies can help prevent such asset-tracking nightmares, said Wasp's executives. Ultimately, they said, stories like these serve as a reminder of the importance of having a solid inventory control or asset tracking system in place—whether you're tracking AK-47s in the field or surgical supplies in the operating room.

The Latest

More Stories

U.S., U.K., and Australia boost supply chain defenses

U.S., U.K., and Australia boost supply chain defenses

The U.S., U.K., and Australia will strengthen supply chain resiliency by sharing data and taking joint actions under the terms of a pact signed last week, the three nations said.

The agreement creates a “Supply Chain Resilience Cooperation Group” designed to build resilience in priority supply chains and to enhance the members’ mutual ability to identify and address risks, threats, and disruptions, according to the U.K.’s Department for Business and Trade.

Keep ReadingShow less

Featured

MRO experts call for greater focus on business risks

MRO experts call for greater focus on business risks

A new survey finds a disconnect in organizations’ approach to maintenance, repair, and operations (MRO), as specialists call for greater focus than executives are providing, according to a report from Verusen, a provider of inventory optimization software.

Nearly three-quarters (71%) of the 250 procurement and operations leaders surveyed think MRO procurement/operations should be treated as a strategic initiative for continuous improvement and a potential innovation source. However, just over half (58%) of respondents note that MRO procurement/operations are treated as strategic organizational initiatives.

Keep ReadingShow less
Oracle says AI drives “smart and responsive supply chains”

Oracle says AI drives “smart and responsive supply chains”

Artificial intelligence (AI) tools can help users build “smart and responsive supply chains” by increasing workforce productivity, expanding visibility, accelerating processes, and prioritizing the next best action to drive results, according to business software vendor Oracle.

To help reach that goal, the Texas company last week released software upgrades including user experience (UX) enhancements to its Oracle Fusion Cloud Supply Chain & Manufacturing (SCM) suite.

Keep ReadingShow less
U.S. shoppers embrace second-hand shopping

U.S. shoppers embrace second-hand shopping

Nearly one-third of American consumers have increased their secondhand purchases in the past year, revealing a jump in “recommerce” according to a buyer survey from ShipStation, a provider of web-based shipping and order fulfillment solutions.

The number comes from a survey of 500 U.S. consumers showing that nearly one in four (23%) Americans lack confidence in making purchases over $200 in the next six months. Due to economic uncertainty, savvy shoppers are looking for ways to save money without sacrificing quality or style, the research found.

Keep ReadingShow less
CMA CGM offers awards for top startups

CMA CGM offers awards for top startups

Some of the the most promising startup firms in maritime transport, logistics, and media will soon be named in an international competition launched today by maritime freight carrier CMA CGM.

Entrepreneurs worldwide in those three sectors have until October 15 to apply via CMA CGM’s ZEBOX website. Winners will receive funding, media exposure through CMA Media, tailored support, and collaboration opportunities with the CMA CGM Group on strategic projects.

Keep ReadingShow less