article thumbnail

How to Improve Inventory Turnover with Inventory Optimization

EazyStock

How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. This post will explain how, but first, let’s deal with a few simple definitions. Improve demand forecasting accuracy.

article thumbnail

Companies Improve their Supply Chains with Artificial Intelligence

Logistics Viewpoints

Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. Further, while artificial intelligence helps solve certain types of problems, Jay Muelhoefer – the chief marketing officer at Kinaxis pointed out – optimization and heuristics work better for other types of planning problems.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

The definition of agility and resilience will continue to evolve. To improve the entire network’s responsiveness to increasingly shortened lead times, trading partners are working together to seamlessly manage product flow throughout the supply chain and across all fulfillment channels ? And Agility Can Help Improve Profitability Too?

article thumbnail

13 Warehouse Types: Definitions, Functions & Examples

Conger

Plenty of examples of warehousing. Looking for a private warehousing definition? Now that we’ve covered private warehouses, let’s give a public warehouse definition. No need to pay for warehouse design , equipment sourcing, or ongoing operating costs. For example, take Co-op Partners Warehouse in St. Let's dive in!

article thumbnail

Going digital: B2B eCommerce and what it means for manufacturers and distributors

SYSPRO Smarter ERP

Transitioning to a digital commerce platform that integrates with your ERP can enable you to meet customers’ self-service requirements, unlock new revenue sources, and deepen customer engagement and loyalty. Improving your rate of successful transactions bolsters margins and preserves customer goodwill.

article thumbnail

Top Takeaways from Coupa Inspire

Logistics Viewpoints

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The cloud also allows access to Big Data, which greatly improves the platform’s ability to do machine learning. Coupa meets this definition.

article thumbnail

Time Definite Freight & Positive ROI

Blue Grace Logistics

In our March webinar, titled Time Definite Freight and Positive ROI , Brian Blalock, Senior Manager Sourcing Strategy, and Eric Chambers, Vice President, Field Performance at BlueGrace Logistics, discuss the delivery method that is redefining the logistics landscape. What is Time Definite Freight? No, it is not.