Remove Analysis Remove Course Remove Data Remove Replenishment
article thumbnail

4 Ways to Enhance Warehouse Efficiency with Prescriptive and Predictive Analytics

Logistics Viewpoints

While predictive analytics seeks to answer questions such as “what might happen in the future,” prescriptive analytics goes beyond by recommending the best course of action going forward. Traditional slotting solutions require customized models, extensive engineering, measurement, and data collection.

article thumbnail

Driving Rigor into Your Inventory Control Practices Helps You Win the Race

Logistics Viewpoints

Is a replenishment strategy needed? The replenishment logic and smooth execution of inventory moves will keep pickers executing without waiting time. Slotting logic will keep required levels of stock in the picking locations, limiting the need to stop picking to replenish inventory needed to complete the orders.

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

Top 8 Applications of Artificial Intelligence in The Supply Chain

3PL Links

Artificial intelligence makes it possible to monitor several elements that affect the forecast, including: control of purchases in real-time; consumption parameters; items that are being sold and need quick replenishment. Effective cargo forecasting is made possible by preventive evaluation and Big Data knowledge.

article thumbnail

Beat your transportation budget this year without sacrificing service

FreightWaves SONAR

The reason they’re doing this is that they lack granular market data on contract and spot rates and prevailing service levels. Let’s look at some data. Broad-based freight market data suggests that there’s still a substantial cost-reduction opportunity in front of supply chain leaders.

article thumbnail

Top 6 Supply Chain KPIs: Keep Your Dashboards Simple

Logistics Bureau

You see, the set of primary data needed to keep an airliner aloft is (apparently) relatively simple—and the same is true of running a supply chain organisation. “Paralysis by analysis” is a common term used to describe such a situation, and you can avoid it by monitoring a smaller number of carefully chosen KPIs.

article thumbnail

How to Get a Job in the Supply Chain Sector

Logistics Bureau

The main lack of talent is in middle management, especially in big data analytics and supply chain planning, where the shortage is around 54%. You could be particularly numerate, or into analysis. If university study is a little beyond you right now, one of the certification courses might work better for you. Data Managers.

article thumbnail

Energy and Labour Costs: 2 Top Warehousing Challenges in 2023

Logistics Bureau

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. LMS applications can help with real-time workforce tracking, performance analysis, and scheduling.