EazyStock

FEBRUARY 1, 2021

In contrast: eCommerce inventory optimization is the art of predicting and managing supply and demand variables while undertaking inventory management processes. The objective of eCommerce inventory optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

EazyStock

JUNE 18, 2019

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.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

The Lean Thinker

FEBRUARY 4, 2021

It depicts more detailed version of “ Organize, Standardize, Stabilize, Optimize ” showing the continuous comparison between “what should be happening” and “what is actually happening.” Toyota Kata is not a problem solving tool. What About Root Cause Analysis?

Modeling Software 195

Modeling Software Optimization Software Analysis Tools 195

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

JUNE 24, 2020

Inventory optimization software is an important piece of the puzzle. In this four part blog series we discuss how inventory management teams can use inventory optimization to help deal with the impact of the Coronavirus in the medium and long term, focusing on demand forecasting, supplier management and inventory planning.

Procurement Solutions 98

Procurement Solutions Inventory Reduction Inventory Supply Chain Planning Software 98

Logistics Viewpoints

MARCH 6, 2023

Ideally, IBP adds a stronger financial perspective to the process that in theory optimally balances customer service with profitability and even cash flow. For example, while GEON has over 2000 customers, initially they are manually building forecasts for 600 customers and 1200 ship-to locations.

Supply Chain Planning Software 141

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 141

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

Locus

DECEMBER 7, 2021

A prime example is how governments in the Middle East have begun to rethink food security targets after the disruptions to their food supply chains. This factor would vary with the mode of transportation we choose and also how optimized our routing is. Risk management maturity model. Optimize sourcing decisions.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain 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

Conger

JANUARY 17, 2023

5S Warehouse Examples 5S Warehouse Training: How to Get Your Team Ready How to 5S a Warehouse Warehouse 5S Checklist Warehouse 5S FAQs Warehouse 5S Quiz What Is 5S? The 5S model is named for five Japanese terms that capture its core philosophy — waste reduction and improved efficiency. Let's dive in! Table of Contents What Is 5S?

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 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. In this post we focus on inventory planning and how to optimize stock levels despite erratic customer behavior and supply restrictions. However, ABC analysis is quickly out-of-date.

Supply Chain Planning Software 52

Supply Chain Planning Software Inventory Reduction Inventory Optimization Software 52

EazyStock

MAY 11, 2021

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.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

SYSPRO Smarter ERP

JUNE 21, 2022

There are many causes, for example, container ships from Asia are now too large to traverse the Panama Canal (20 years ago they were not), so they offload on the West Coast of the United States and are compelled to truck all goods to the East Coast. The analysis is mostly on point; however, the blame does not lie with Lean.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 105

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

EazyStock

OCTOBER 31, 2022

When purchasing such software, it’s essential to consider how well the tool can handle stock items with different demand profiles, the provider’s reputation, reporting capabilities, and the transparency and reliability of its forecasts. Or qualitative methods, such as the Delphi method, historical analysis or the panel consensus.

Supply Chain Planning Software 52

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

EazyStock

OCTOBER 31, 2022

When purchasing such software, it’s essential to consider how well the tool can handle stock items with different demand profiles, the provider’s reputation, reporting capabilities, and the transparency and reliability of its forecasts. Or qualitative methods, such as the Delphi method, historical analysis or the panel consensus.

Supply Chain Planning Software 52

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

AIMMS

FEBRUARY 9, 2017

If you’ve read up on the latest topics in the field of data analysis, then you’ve probably encountered the term Prescriptive Analytics. Let’s take an example from one of our clients in manufacturing. Our modeling platform allowed them to analyze and see feasibilities at greater speed. Take production planning tools, for example.

Supply Chain Planning Software 78

Supply Chain Planning Software Optimization Software Modeling Software Optimal Sourcing 78

AIMMS

JULY 15, 2019

While I’d be first to concede that there are some incredible S&OP tools out there (I particularly admire Kinaxis and OM Partners), it’s incredible that we can play on the same pitch with these large COTS vendors so quickly. The extensively used National Energy Model is just one of them. . A focus on Digital Twins .

Supply Chain Planning Software 107

Supply Chain Planning Software Scenario Planning Modeling Software Gartner 107

3PL Links

JANUARY 4, 2024

This model is an example of an advanced approach for the global logistics sector. In this context, resources and tools which include cloud computing, geolocation, artificial intelligence, Internet of Things, and robot use are available. Logistics 5.0: In light of this, Logistics 5.0 Innovations in technology in logistics 5.0

Supply Chain Software 48

Supply Chain Software Supply Chains Logistics Network Optimization Software Modeling Software 48

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

While these stats will vary to some degree, this is the theory behind ABC inventory analysis – a model that can be used to categorize your stock. Using ABC analysis, you can classify your inventory items into three groups based on their value to the business. In each of these cases, inventory optimization software can help.

Inventory Reduction 52

Inventory Reduction Cost Reduction Price Reduction Resource Reduction 52

AIMMS

FEBRUARY 18, 2016

Being a flexible optimization platform, AIMMS is poised to help companies navigate and embrace these different capabilities to stay ahead of the curve. Cost-to-Serve Analysis. Multi-Echelon Inventory Optimization. Trade Promotion Optimization. An optimized product portfolio with the right inventory levels.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Design Software AIMMS Scenario Planning 62

AIMMS

NOVEMBER 11, 2015

Around 2004 we started a project to migrate an existing tool for planning for the BP Petrochemical Aromatics business over to AIMMS. The ability to rapidly build a GUI around a model. The challenge increased after usage of models spread to additional locations. Now users don’t need local copies of AIMMS or our models anymore.

Optimal Sourcing 80

Optimal Sourcing AIMMS Supply Chain Planning Software Optimization Software 80

CH Robinson Logistics

FEBRUARY 18, 2022

Let’s take a look at the major utilities of a TMS: Optimization. A TMS can consolidate your orders to optimize routing and scheduling, using constraint parameters like site or carrier capacity. It enables you to store your contract carrier pricing and enables cost based optimization. Rate Management. Freight Tendering.

Supply Chain Planning Software 62

Supply Chain Planning Software Optimization Software Supply Chain Software Modeling Software 62

AIMMS

FEBRUARY 9, 2017

If you’ve read up on the latest topics in the field of data analysis, then you’ve probably encountered the term Prescriptive Analytics. Let’s take an example from one of our clients in manufacturing. Our modeling platform allowed them to analyze and see feasibilities at greater speed. Take production planning tools, for example.

Supply Chain Planning Software 62

Supply Chain Planning Software Modeling Software Optimization Software Supply Chain Software 62

AIMMS

FEBRUARY 18, 2016

Being a flexible optimization platform, AIMMS is poised to help companies navigate and embrace these different capabilities to stay ahead of the curve. Cost-to-Serve Analysis. Multi-Echelon Inventory Optimization. Trade Promotion Optimization. An optimized product portfolio with the right inventory levels.

Supply Chain Planning Software 54

Supply Chain Planning Software Supply Chain Design Software AIMMS Supply Chain Software 54

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 increase inventory turnover rates.

Inventory 52

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

WorkWave

SEPTEMBER 23, 2021

Many people are new to online grocery shopping, and getting accustomed to all the options and tools available can make the experience more enjoyable and more accessible than initially expected. Designing a successful business model requires a bit of research and analysis of your competitors. Work on an Operating Model.

Modeling Software 52

Modeling Software Optimization Software How To Procurement Solutions 52

AIMMS

JULY 15, 2019

While I’d be first to concede that there are some incredible S&OP tools out there (I particularly admire Kinaxis and OM Partners), it’s incredible that we can play on the same pitch with these large COTS vendors so quickly. The extensively used National Energy Model is just one of them. . – Tweet this.

Supply Chain Planning Software 62

Supply Chain Planning Software Scenario Planning Modeling Software Gartner 62

AIMMS

NOVEMBER 11, 2015

Around 2004 we started a project to migrate an existing tool for planning for the BP Petrochemical Aromatics business over to AIMMS. The ability to rapidly build a GUI around a model. The challenge increased after usage of models spread to additional locations. Now users don’t need local copies of AIMMS or our models anymore.

AIMMS 62

AIMMS Optimal Sourcing Modeling Software Optimization Software 62

UL EHS- Sustainability

OCTOBER 31, 2019

Traditional training models address performance issues only when there is a lack of knowledge and skills. A training needs analysis (TNA) will identify where employee training can make a meaningful contribution towards improving performance. When conducting a TNA: 1. Collect information about the employees currently doing the work: ?

Buyer Training 40

Buyer Training Optimal Sourcing Expense Reduction Cost Reduction 40

EazyStock

FEBRUARY 7, 2020

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. A build-up of excess inventory and obsolete stock as social trends and technologies quickly change and forecasting models fail to keep up.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

Logistics Bureau

APRIL 3, 2023

So, for example, outsourcing sales activity is not typically a good idea if yours is a retail sales company. For example, US-based companies may be quite fortunate if they have access to manufacturers right on their doorstep in Mexico, a country with far lower labour costs than the rest of North America.

Outsourcing 87

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 87

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. Sourcing and purchasing models are being rethought. Modern demand planning software and business intelligence tools are increasingly important here.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Modeling Software Optimization Software 52

Logistics Business Magazine

FEBRUARY 4, 2019

2D and 3D models have been used in computer-aided designing (CAD) for over 30 years. Detailed analysis of a digital engine visible on your computer monitor will allow you to “look inside” it and thereby identify the root of the problem. A good example is the packaging of furniture items as performed by IKEA.

Digital 28

Digital Optimization Software Industry Modeling Software 28