Logistics Viewpoints

MAY 11, 2023

How the digital twin concept drives benefit By using advanced analytics and machine learning algorithms, digital twins can provide real-time insights and recommendations to optimize operations, reduce costs, and increase productivity. Physical change (i.e., changing the structure of the warehouse, modifying processes, etc.)

Optimization Software 141

Optimization Software Supply Chain Design Software Modeling Software Digital 141

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Inventory management KPIs are important as they help analyze and track the performance of inventory management activities such as how stock is ordered, managed and turned. How to Choose Inventory Management KPIs. Managing inventory is a complex business. Backorder rate.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Yet, due to inadequate physical and digital infrastructure, many manufacturers lacked the flexibility they needed to take advantage of accelerated demand and were unable to optimize fulfillment. Manufacturers can use forecasting to support inventory optimization. Legacy systems:? Managing Inventory.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

EazyStock

FEBRUARY 26, 2020

This is where inventory optimization comes in. Introducing inventory optimization methods to your inventory management practices ensures that supply and demand volatility is considered when setting your demand forecasts, stock levels and replenishment parameters. Ensuring Stock Availability with Inventory Optimization.

Availability 52

Availability How To Inventory Reduction Optimization Software 52

Logistics Viewpoints

MARCH 8, 2021

For example, go to the Walmart, turn right, and it is the third house on the left. The solution can answer questions like where should new production or distribution capacity be located to optimally accommodate anticipated growth in demand? How will total landed costs be impacted by adding a new supplier?

Supply Chain Design Software 152

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 152

EazyStock

FEBRUARY 7, 2020

In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. Reducing stock levels to carry more lines (without accurate forecasting and inventory optimization tools) can lead to stockouts and expensive backorders or rush orders from suppliers.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

Blue Grace Logistics

JULY 27, 2021

The importance of machine learning and intelligence combined with human touch for optimized decision making. Approaching a demand analysis with historical data and seasonal variations is no longer competent. Brand identity, interactive marketing campaigns and differential lifestyles complicate a perfect trend analysis model.

Procurement Analytics 62

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

EazyStock

MARCH 3, 2022

In this post, we explain how you can implement a just-in-case stock management strategy without the risk of tying up too much capital in unnecessary inventory items. How to implement JIC inventory management with optimum stock levels. Using inventory optimization software to implement your JIC strategy.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

Logistics Viewpoints

APRIL 3, 2023

For example, a suggestion from the system might be to transfer 96,154 units of a stock keeping unit to a distribution center in Denver to fill a projected backorder. Even if a company does a pareto analysis and addresses 80% of the exceptions, that 20% of issues unaddressed leaves a lot of money on the table.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 150

SYSPRO Smarter ERP

DECEMBER 19, 2022

Then in the early 2000s, a new technology emerged, inventory optimization (IO), which could account for variability and multi-level activity in the supply chain and optimize inventory management policies using a statistical approach to manage both demand and supply variability. Inventory optimization. Challenges of IO and AI.

Inventory Reduction 105

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 105

Logistics Business Magazine

JUNE 14, 2021

This comprehensive front-end business introspection combined with a careful WMS (Warehouse Management Solution) partner selection will help determine the optimal configuration of your space, and the necessary equipment to make it work. This “process” is where you need to begin your analysis. How to automate?

Automation 52

Automation Optimization Software How To Modeling Software 52

SYSPRO Smarter ERP

DECEMBER 19, 2022

Then in the early 2000s, a new technology emerged, inventory optimization (IO), which could account for variability and multi-level activity in the supply chain and optimize inventory management policies using a statistical approach to manage both demand and supply variability. Inventory optimization. Challenges of IO and AI.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

WorkWave

SEPTEMBER 23, 2021

Due to the increased popularity of online grocery shopping, there is a lot of competition, making establishing a solid business model vital for your success. Designing a successful business model requires a bit of research and analysis of your competitors. Work on an Operating Model. The Inventory Model.

Modeling Software 52

Modeling Software Optimization Software How To Procurement Solutions 52

EazyStock

JANUARY 21, 2021

When obtaining optimal order points and order quantities buyers need to keep track of everything from minimum order quantities, to stock multiples, article replacements and ensuring adequate storage space. Here’s how an inventory optimization tool can help bridge the gap. An inability to deal with irregular supplier lead times.

Inventory 52

Inventory Optimization Software Supply Chain Planning Software Supply Chain Design Software 52

EazyStock

JULY 13, 2020

In this four-part blog series we look at the impact COVID-19 has had on supply chains and how inventory optimization software can help. So far we’ve discussed how to overcome demand forecasting challenges due to Coronavirus. How to identify stock items that are critical to their business.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

Blue Grace Logistics

JULY 21, 2020

Understanding the nuances of your supply chain and how to improve upon it is the best way to achieve maximum savings, optimize efficiency, and manage customer expectations. A Global perspective to keep updated on the latest developments and optimize processes across North America.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Cost Reduction Supply Chain Software 62

SYSPRO Smarter ERP

OCTOBER 20, 2021

This would make it almost impossible to identify any trends around things like customer preferences and demands, as well as to define the optimal future direction for your organization from a technology perspective if the organization only produced analogue data. You’ve probably travelled a fair way down this road already.

Digital 133

Digital Factories Supply Chain Planning Software Supply Chain Software 133

Logistics Business Magazine

JANUARY 15, 2024

On display will be corresponding products and solutions which are designed to optimize the internal material flow. Examples include various reversing assistance systems, such as the AI-based Reverse Assist Camera, that alert industrial truck drivers to people in the vicinity behind them.

Modeling Software 59

Modeling Software Optimization Software Material Savings Expense Reduction 59

Shipchain

MARCH 10, 2020

Data is generated in all parts of last-mile delivery, and analysis of this information can help companies become proactive rather than reactive with their delivery methods. Below is an overview of the benefits of data as well as examples of how it has helped companies with their final-mile distribution.

Data 62

Data Optimization Software Modeling Software Logistics Network Optimization Software 62

Logistics Bureau

OCTOBER 10, 2022

Before we look at the barriers to optimal inventory and the possible ways to eliminate or overcome them, let’s be clear on what inventory optimisation means—because misconceptions do abound. For example, you can optimise for cost, profit, or service, but not for all of them. Service as a Barrier to Optimal Inventory.

Inventory Reduction 114

Inventory Reduction Inventory Optimization Modeling Optimization Software 114

EazyStock

OCTOBER 31, 2022

They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Demand forecasting provides the information management teams use to plan how to meet that demand. These could be quantitative methods such as exponential smoothing, regression analysis or econometric forecasting.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

EazyStock

OCTOBER 31, 2022

They can then understand how to limit the impact of supply chain disruption to continue to meet customer demand. Demand forecasting provides the information management teams use to plan how to meet that demand. You can use various forecasting models for demand planning, and you must choose the models that best suit your business needs.

Supply Chain Planning Software 52

Supply Chain Planning Software Scenario Planning Inventory Reduction Supply Chain Software 52

GlobalTranz

APRIL 20, 2021

Look for a TMS or a managed transportation services provider with the technological capability to provide real-time data to drive optimized decision-making. For example, GlobalTranz’s Cost Prediction Model provides intelligence on pricing and market trends via a live dashboard. Collaborate With Customers and Suppliers.

Supply Chain Planning Software 115

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

EazyStock

AUGUST 21, 2020

Any organization looking to lower costs across their supply chain and improve profit margins should therefore start by taking a closer look at how to reduce their stock levels. How to reduce inventory using stock classification. In each of these cases, inventory optimization software can help. Supplier lead time reduction.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

Ship Monk

FEBRUARY 24, 2024

For example, ShipMonk customizes logistics services and associated fees to the unique needs of every client. In the previous example, you have the physical weight that extra travel inventory creates in your luggage that you have to lug around. There are many different models and formulas for strategically ordering inventory.

eCommerce 88

eCommerce Inventory Reduction Tips Waste Reduction 88

SYSPRO Smarter ERP

MARCH 21, 2022

Risk analysis is becoming an important part of SCM. It can also enable the new model of inventory management needed for a resilient supply chain – Just-in-Case (JIC). The JIC methodology requires that manufacturers establish optimal levels for different categories of inventory.

Manufacturing Procurement 116

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Supply Chains 116

Conger

JANUARY 17, 2023

Because in this ultimate guide, you'll learn everything you need to know about the 5S warehouse system, including: What warehouse 5S is The 8 key benefits of 5S-ing your warehouse How to easily implement a warehouse 5S protocol And lots more! Plus, we’ve created a FREE warehouse 5S checklist that you can download and put to use right away.

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 52

UL EHS- Sustainability

OCTOBER 31, 2019

But the most successful learning and development teams also understand how to measure the success of each training course and react accordingly. Traditional training models address performance issues only when there is a lack of knowledge and skills. When conducting a TNA: 1.

Buyer Training 40

Buyer Training Optimal Sourcing Expense Reduction Cost Reduction 40

Conger

MAY 24, 2023

Examples of manufacturers that can use automatic replenishment are electronic manufacturers, automotive, pharmaceuticals, textiles, and more. Examples of retailers that use automatic replenishment are Walmart, Dollar Tree, Target, Costco, and Tesco. For example, reordering may require permission to be activated.

Replenishment 40

Replenishment Supply Chain Planning Software Supply Chain Design Software Optimization Software 40

Talking Logistics

DECEMBER 5, 2017

For years, supply chain leaders have struggled to achieve a sophisticated level of supply chain visibility that would drive continuous improvement, optimize spend and reduce risk. This process effectively identifies opportunities to create value for customers, optimize supply chain visibility, performance and spend. Cost Savings.

Supply Chain Design Software 63

Supply Chain Design Software Supply Chain Design Supply Chain Software Optimal Sourcing 63

Logistics Business Magazine

DECEMBER 16, 2021

His analysis is based on conversations and data from Setlog customers who use the SCM tool OSCA, e.g. more than 100 brands in the fashion industry alone. Companies are increasingly considering how to implement circular economy strategies so that fewer products need to be destroyed. Sourcing and purchasing models are being rethought.

Supply Chain Planning Software 57

Supply Chain Planning Software Supply Chain Software Modeling Software Optimization Software 57

Conger

JANUARY 27, 2023

Ready to learn how to prevent downtime and save money in your operation? For example, you can automate many material handling tasks if you have trouble finding forklift operators. For example, you can try experimenting with schedules. You'll deal with different equipment manufacturers , models, and maintenance requirements.

Manufacturing Procurement 52

Manufacturing Procurement Modeling Software Buyer Training Optimal Sourcing 52

Logistics Viewpoints

FEBRUARY 20, 2024

Optimization and simulation are the two main branches of SCND. Optimization accounts for over 90% of all work that is being done by SCND teams. 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.

Supply Chain Design Software 136

Supply Chain Design Software Sourcing Strategies Supply Chain Design Inventory Reduction 136

Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. For example, if you’re introducing a new product and there are no similar products to draw historical data from, qualitative research is a must to reduce risk.

eCommerce 84

eCommerce Inventory Reduction Operations Modeling Software 84

Talking Logistics

APRIL 17, 2018

There was optimism and excitement, but the stories of transformative success were few and far between. Supply Chain Analytics Maturity Model (Source: Hackett Group). Knowing what data you have, what you’re missing, and where it’s stored enables teams to manually run their own analysis, report KPIs, and create a record of past activity.

Supply Chain Design Software 69

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Design 69

Logistics Bureau

JULY 18, 2022

For example, you don’t want to assume that a single logistics strategy and service approach will meet all your customers’ needs. It may do, but how do you know? Step 2: Gap Analysis – Customer Requirements and Supply Chain Trends. Inventory optimization software. Network modeling and optimisation software.

Inventory Reduction 106

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 106

GlobalTranz

JANUARY 21, 2015

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. Reverse marketing starts first with Value Analysis. What is Value Analysis?

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96