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Scenario Modeling Is Now Crucial for Supply Chain Network Design

AIMMS

How are companies leveraging scenario modeling for network design and optimization ? Our 2018- 2019 Network Design Survey showed that the majority of organizations are still relying on spreadsheets (nearly 60%) and gut feel (15%) to make network design decisions. Read on for common use cases. .

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The role of inventory management and inventory optimization in ERP

SYSPRO Smarter ERP

In a recent survey , 40% of respondents mentioned rising inventory costs as a top business risk. Keeping the right level of inventory requires a technique called inventory optimization. Inventory optimization. The search for optimal inventory levels is therefore a key objective. The role of inventory management.

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Digital Transformation in Logistics

Logistics Viewpoints

This survey-based research gathers quantitative data as well as information on practices or performance drivers. From a maturity standpoint, the majority of respondents are digitizing data and processes. But, it varies on how the data and processes are being used form a technology standpoint.

Digital 147
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Artificial Intelligence In The Warehouse Is Coming Sooner Than You Might Think

Logistics Viewpoints

Preliminary results from a Lucas-commissioned survey of 350 companies in the US and UK found that the majority of the companies are already employing AI in one way or another within their warehouses and distribution/fulfillment centers. AI-Based Warehouse Optimization Examples. Here are two examples. AI For Product Slotting.

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Top Transportation Technology Trends

Logistics Viewpoints

However, their predictions are based, in part, on a survey of more than 250 global shippers and logistic service providers. The survey covered what technologies they are currently using as well as their planned investments. More advanced solutions include real-time transportation visibility, route optimization, and telematics.

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Scenario Modeling Is Now Crucial for Supply Chain Network Design

AIMMS

How are companies leveraging scenario modeling for network design and optimization ? Our 2018- 2019 Network Design Survey showed that the majority of organizations are still relying on spreadsheets (nearly 60%) and gut feel (15%) to make network design decisions. Read on for common use cases. .

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Demand Forecasting: How It Enhances Ecommerce Operations

Ship Monk

The process usually includes analyzing historical data for seasonal trends and product performance, as well as gathering current data on competitors, marketplace trends, future marketing plans and promotions. All of them rely on data, whether you’re using historical data or new findings gathered from consumer research.