Remove Analysis Remove Definition Remove Examples Remove Tools
article thumbnail

Generative AI in Supply Chain: How It Impacts Your Logistics

Trinity Logistics

Now, there’s a lot of definitions out there, but here’s how I define it. That is one example of a public version of Generative AI. There are advances in the works to help “fact check” the tool, but you must remember whatever Generative AI does today is opaque. Another feature is enables tools to call digital actions.

article thumbnail

How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

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

How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

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 supply chain design solution, for example, continues to grow in depth and usability. Coupa meets this definition. The use cases just keep expanding.

article thumbnail

Daily Management for Improvement

The Lean Thinker

We get into semantic arguments about “problem solving” as somehow different from “root cause analysis” and how the Improvement Kata is somehow distinct, again, from those activities. Toyota Kata is not a problem solving tool. What About Root Cause Analysis? Scientific Thinking is the Foundation.

article thumbnail

How to Calculate and Apply ABC Classification of Inventory

EazyStock

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC classification (otherwise known as ABC analysis ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

article thumbnail

Work from home supply chain jobs

Globalior

Definitely a role that will transition well to a home based environment. Data Analysis: Some data analysts will do well working from home. Supply & Demand planning: In many multi-national companies, you almost never talk to demand and supply chain planners face to face.