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Resilience by Design: The Power of Simulation in Supply Chain Strategy

Logistics Viewpoints

Supply chain network design (SCND) is a powerful tool for improving business operations. This article describes how to incorporate simulation techniques into optimization, build a stochastic optimization model, and end up with a more resilient supply chain model. Optimization and simulation are the two main branches of SCND.

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Supply Chain Design: A Tool to Help Maximize Value

Logistics Viewpoints

For it to be an optimal solution, a mathematical model needs to be used. That model can then be used to analyze every new situation that arises. The model will help a company find a solution that is best for their relocated employees as a whole. Do we have a demand forecasting tool in place and, if so, how good is that forecast?

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New Business Model to Master Shopfloor Complexity and Competitive Threats

Logistics Viewpoints

Another way to solve operational complexity is by adopting new business models. One of the most compelling new models is software built upon location awareness and in-motion resource management that intelligently automates manual decisions to decrease complexity. Bengt Tuner is the Group Chief Executive Officer at Locanis.

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The New Significance of a Logistics Strategy: Role, Success factors, and Integration

Logistics Viewpoints

Logistics strategy as an enabler of new business models. They promoted logistics to the level of core process and enabler of new business models and now view a thought-through logistics strategy as an opportunity to stand out by offering a better service level to their customers, such as same-day delivery.

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Home Service Pricing Strategies: Maximizing Profitability and Market Success

WorkWave

Choosing the right pricing strategy is essential for businesses aiming to thrive in competitive landscapes and secure a prominent position within local markets. In this blog, we’re going to cover why every service business owner needs to prioritize pricing strategies and discuss three of the most common and strategic pricing models.

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Mastering Demand and Inventory Planning: Essential Strategies for Success

3PL Links

Image source: PxHere | Mastering Demand and Inventory Planning: Essential Strategies for Success Have you ever thought about how businesses effectively satisfy customer demand and maintain supplied inventory? Employ the right forecasting models : It’s essential to select a model that fits the demand profile of the organization.

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Strategic Pricing Strategies for Service Businesses: Maximizing Profitability and Market Success

WorkWave

Choosing the right pricing strategy is essential for businesses aiming to thrive in competitive landscapes and secure a prominent position within local markets. In this blog, we’re going to cover why every service business owner needs to prioritize pricing strategies and discuss three of the most common and strategic pricing models.