Logistics Viewpoints

APRIL 4, 2024

Data Normalization & Removing Bias Data normalization in the context of forecasting is the process of going from actualized sales, which may be biased by various factors such as weather or inventory availability, to an understanding of baseline demand that is stripped of the impacts of these demand drivers.

Scenario Planning 137

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 137

Logistics Viewpoints

MARCH 4, 2021

Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats. Planners spend their precious time collecting and synthesizing the data to drive insights.

Supply Chain Planning Software 157

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 157

Logistics Viewpoints

MARCH 17, 2022

We can say things have changed, and the pandemic is not just an anomaly event after all. According to data from a recent research survey, the following were on top of the supply chain headaches not addressed by their current systems: Supply shortages due to supplier’s inability to meet expected performance targets.

Supply Chain Planning Software 165

Supply Chain Planning Software Modeling Software Optimization Software Scenario Planning 165

Logistics at MPEPS at UPV

MARCH 8, 2022

In the event of a pipeline disruption, Europe could cushion the impact by increasing LNG imports and seeking alternative gas delivery pipelines. According to the report, the biggest immediate challenge facing the EU will be replenishing its depleted natural gas stocks. Russian television (RT) reported on March 3.

Expense Reduction 52

Expense Reduction Supply Chains Cost Reduction Procurement Analytics 52

Logistics at MPEPS at UPV

MAY 28, 2022

The success of Konbini stores in Japan has everything to do with its distribution network , store ( warehouse ) layout, just-in time inventory and replenishment policy , and state-of-the-art information systems. Stores are replenished at least three times a day. Supply chain analysis of Seven-Eleven Japan. Abdurakhmonov, 2018).

Supply Chain Software 52

Supply Chain Software Supply Chains Efficiency Replenishment 52

Logistics Bureau

DECEMBER 19, 2022

Slotting Increases Replenishment Efficiency. If warehouse product slotting increases productivity and efficiency in picking, thereby reducing warehouse costs, it stands to reason that it does the same for replenishment and put-away activities. Productivity improvements in picking, replenishment, and put-away.

Production 92

Production Inventory Reduction Cost Reduction Resource Reduction 92

EazyStock

OCTOBER 20, 2020

This keeps the data clean and easier to use for forecasting going forward. Look out for such trends in your historical demand data and adjust your forecasts accordingly. Qualitative factors: Add any qualitative forecasting factors into your data, such as sales promotions, competitor activity or external market events.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

FreightWaves SONAR

JUNE 7, 2023

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. Unforeseen externalities like weather events, infrastructure issues or congestion in other modes can suddenly emerge to have an impact on rates and service.

Inventory Reduction 52

Inventory Reduction Cost Reduction Optimal Sourcing Price Reduction 52

Logistics Viewpoints

MAY 11, 2023

For example, they can test the effect of increasing or decreasing safety stock levels or changing the replenishment frequency of certain products. If the digital twin extends beyond the DC to the supply chain, you can have a better evaluation of the entire chain’s responsiveness to these types of events. come with any of them.

Optimization Software 142

Optimization Software Supply Chain Design Software Modeling Software Digital 142

EazyStock

NOVEMBER 17, 2022

These should be based on previous sales periods during Black Friday, Small Business Saturday and Cyber Monday, or other similar promotional periods that can help the analysis. It is also important to consider qualitative data. In the event of high demand for stock items, there is also a risk of tension between customers and suppliers.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

These should be based on previous sales periods during Black Week, Black Friday, and Cyber Monday, or other similar promotional periods that can help the analysis. It is also important to consider qualitative data. In the event of high demand for stock items, there is also a risk of tension between customers and suppliers.

Procurement Solutions 52

Procurement Solutions Purchasing Skills Purchasing Supply Chain Planning Software 52

EazyStock

NOVEMBER 17, 2022

These should be based on previous sales periods during Black Week, Black Friday, and Cyber Monday, or other similar promotional periods that can help the analysis. It is also important to consider qualitative data. In the event of high demand for stock items, there is also a risk of tension between customers and suppliers.

Supply Chain Planning Software 52

Supply Chain Planning Software Optimization Software Procurement Solutions Purchasing Skills 52

Logistics Business Magazine

AUGUST 11, 2020

Forecasting and replenishment formulas that use historic consumption or average stock days are only effective when demand and lead times remain static and the only way for the user to consider any variance is to continually update their calculations. The first is demand forecasting.

Inventory Reduction 67

Inventory Reduction Inventory Procurement Solutions Supply Chain Software 67

Logistics Bureau

NOVEMBER 16, 2020

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. That event was the global COVID-19 pandemic, which erupted during the first half of 2020. Data Managers.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

EazyStock

NOVEMBER 21, 2019

Forecasting accuracy can be affected by ‘outliers’ or ‘fliers’ in the data. An outlier is a data point that is not considered to be part of the overall pattern of demand for a product. A demand outlier can either be overly high or overly low compared to other data points in the data series.

Optimization Software 40

Optimization Software How To Inventory Reduction Procurement Solutions 40

EazyStock

MARCH 3, 2022

To get precise forecasting, you should combine historical sales or demand data ( quantitative forecasting ) with market knowledge of potential fluctuations ( qualitative forecasting ). Qualitative inputs – these include future events and external market factors, such as sales promotions and competitor activities. Check demand outliers.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

Automotive Logistics

MARCH 20, 2018

To take rail, for instance, one of the main concerns for the OEMs at the moment is the sudden shortage of rail cars for finished vehicles – something that both American Honda Motor and Subaru noted at the event. Tripp also asked how much of the data on volumes should be used, to which 74% of respondents either said 100% or at least 90%.

Supply Chain Planning Software 37

Supply Chain Planning Software Supply Chain Design Software Material Savings Logistics Network Optimization Software 37

Automotive Logistics

MARCH 20, 2018

To take rail, for instance, one of the main concerns for the OEMs at the moment is the sudden shortage of rail cars for finished vehicles – something that both American Honda Motor and Subaru noted at the event. Tripp also asked how much of the data on volumes should be used, to which 74% of respondents either said 100% or at least 90%.

Supply Chain Planning Software 31

Supply Chain Planning Software Supply Chain Design Software Material Savings Logistics Network Optimization Software 31

Infosys Supply Chain Management

FEBRUARY 8, 2012

Cloud & Big Data. News & Events. |. They expand into an analysis of revenue-accruing & cost-optimizing functions, and result in the identification of capabilities that the organization aspires to develop or enhance. Business Process Outsourcing. Customer Service. Finance & Accounting. Human Resources.

Supply Chain Planning Software 34

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Supply Chains 34

Blog on Log

AUGUST 19, 2006

It also includes ‘what-if’ sensitivity analysis and simulation techniques to sense the effects of delta changes in demand, supply, or network and helps respond better to changes. At the lowest level of Transaction Automation, inter-enterprise Collaboration involves data and document exchange through EDI or Web.

Supply Chain Planning Software 40

Supply Chain Planning Software Logistics Network Optimization Software Tracking and Tracing Supply Chain Design Software 40

Infosys Supply Chain Management

SEPTEMBER 22, 2011

Cloud & Big Data. News & Events. |. By exchanging information such as inventory levels, forecasting data, and sales trends, companies can reduce cycle times, fulfill orders more quickly, cut out millions of dollars in excess inventory, and improve forecast accuracy and customer service. Business Process Outsourcing.

Supply Chain Planning Software 27

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 27

247 Customs Broker

APRIL 19, 2018

An off-cited analysis from McKinsey in late 2017, for example, found automation could destroy as many as 73 million US jobs by 2030, about one third of all jobs in the country. The documentation can be useful historical data for any future endeavor. That is quite a different matter. Don Benson.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Supply Chain Design 28

247 Customs Broker

APRIL 5, 2018

Sheffi does note there is some evidence that so-called millennials may be more willing to pay for Green, but the data is preliminary at best. The documentation can be useful historical data for any future endeavor. You are right, Internet of Things (IoT) was at the top of the Garter new technology hype curve not long ago.

Supply Chain Planning Software 28

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 28