3PL Links

DECEMBER 3, 2023

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms. How predictive analytics works in logistics?

Supply Chain Planning Software 48

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Locus

AUGUST 2, 2022

Similarly, today’s emerging last-mile delivery fulfillment models seemed like a gamble for businesses when it started a decade back but are essential for a profitable business plan today. Being a retailer, the ultimate question on your mind would be, “How to deliver goods quickly and seamlessly while minimizing costs?”.

Modeling Software 52

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Locus

MAY 20, 2024

This blog delves into essential acronyms and abbreviations, from BOPIS to WISMO, that are pivotal for optimizing supply chains and elevating customer satisfaction. In a way, this model is a win-win as it saves return logistics costs for retail businesses. How to Improve Fleet Utilization?

Inventory Reduction 98

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3PL Links

FEBRUARY 11, 2024

Image source: Rawpixel.com | How to Make Reverse Packaging Logistics More Efficient? Each tactic—from active consumer involvement to sustainable design—is laid out clearly and demonstrates how we may improve the efficiency of packaging recycling. The post How to Make Reverse Packaging Logistics More Efficient?

Sourcing Strategies 48

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Blue Grace Logistics

NOVEMBER 3, 2022

How to Prepare an Efficient Transportation Budget Show Submenu Resources. The Logistics Blog®. Learn how to build your shipping budget correctly. How to define your transportation needs. Optimize for your needs. Optimize for Your Needs First . Then there are ways to whittle it down and optimize for that.

Efficiency 62

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3PL Links

FEBRUARY 14, 2024

Image source: Flickr | Logistics Planning 2024: How To Carry out Logistical Planning for This Year Have you ever given the recent evolution of logistics any thought? Read also: How to Make Reverse Packaging Logistics More Efficient? How to carry out logistical planning for 2024? Why is logistical planning necessary?

Supply Chain Planning Software 48

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Blue Grace Logistics

MAY 6, 2022

Data and optimization can improve efficiencies in supply chains, save shippers money and reduce greenhouse gas emissions, according to logistics experts who shared insights last Friday in honor of National Supply Chain Day. “In Opportunities for optimization. What is preventing widespread optimization? Freightwaves.

Supply Chain Design Software 62

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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

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AIMMS

JANUARY 5, 2017

As we step into 2017, we took some time to reflect on the most popular posts on our Supply Chain blog last year. T rending topics included S&OP, Prescriptive Analytics, Supply Chain Optimization, Supply Chain Centers of Excellence and Supply Chain Analytics. What are you interested in learning about this year?

Supply Chain Planning Software 62

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AIMMS

JANUARY 5, 2017

As we step into 2017, we took some time to reflect on the most popular posts on our Supply Chain blog last year. T rending topics included S&OP, Prescriptive Analytics, Supply Chain Optimization, Supply Chain Centers of Excellence and Supply Chain Analytics. What are you interested in learning about this year?

Supply Chain Planning Software 0

Supply Chain Planning Software Supply Chain Software Optimization Software Blog 0

AIMMS

JULY 23, 2019

In a recent article published in Mundo Logística , Tereos’ Logistics and S&OP Executive Manager, André Margoto , shares valuable insights on how agribusiness companies can use optimization models in (near) real-time to inform planning decisions and bolster their S&OP process. People and culture are equally important.

Procurement Analytics 111

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EazyStock

FEBRUARY 26, 2020

In this three-part blog series we’re looking at three of the most common inventory management issues faced by stock holding companies. This is where inventory optimization comes in. Ensuring Stock Availability with Inventory Optimization. Read our blog on demand forecasting or download our whitepaper for more information.

Availability 52

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Carter Logistics

SEPTEMBER 5, 2018

Blog Topics. How to Get the Most ROI from Supply Chain Logistics. By integrating supply chain methods, network expansion, route consolidation, and the constant flow of information through real-time analytics, you are effectively able to simplify and optimize your company’s logistics.

Supply Chains 111

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EazyStock

FEBRUARY 7, 2020

In this three-part blog series we’re looking at each of these inventory management problems. In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. Many are turning to inventory optimization practices to balance their stock levels. Conclusion.

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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

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SYSPRO Smarter ERP

OCTOBER 6, 2021

Shift to a service-oriented business model. As I explained in a previous blog , this is a business model where manufacturers have ongoing responsibility for the equipment after it is sold. However, the value of data comes from the insights it creates, the processes it can help optimize, and how it can improve decision making.

Manufacturing Procurement 111

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EazyStock

MAY 11, 2021

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value. What’s the solution?

Inventory Reduction 52

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EazyStock

FEBRUARY 7, 2022

While some companies are repurposing containers or reusing older models, ports in the US still have backlogs and congestion as well as staff shortages. Automated inventory optimization software like EazyStock can save you time and reduce the pain of manual calculations. Even in 2022, the same issues linger.

Inventory Reduction 52

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Blue Grace Logistics

MARCH 11, 2021

Optimize Labor Configuration. Restructuring logistics while maintaining operations is a challenge even within existing business models. The post The Hidden Cost Of COVID And How To Manage appeared first on The Logistics Blog. The post The Hidden Cost Of COVID And How To Manage appeared first on The Logistics Blog.

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EazyStock

NOVEMBER 19, 2021

For products whose demand is more erratic, higher levels of safety stock are required, but how do you calculate the optimal level? Instead of using historic consumption or sales data to calculate the forecast, they use probability distributions to model demand and account for variance. Average/Max safety stock formula.

How To 52

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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

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AIMMS

DECEMBER 1, 2016

In this blog post, I will delve into 5 issues companies typically experience with their S&OP software. Analytics: empowering users with transparent prescriptive analytics (optimization) capabilities to generate scenarios and solutions automatically. In the past 2 years, we’ve seen the appeal of S&OP increase a lot more.

Supply Chain Planning Software 103

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Locus

JANUARY 20, 2022

Locus DispatchIQ Route Optimization Software can help businesses cater to more than a handful of customer addresses and destinations in a day. Customers are getting accustomed to hybrid models of working, and as a result greater spending on home utility and wellness services can be anticipated. Sources: 1. Marketresearch 2. Mckinsey 3.

Logistics Network Optimization Software 52

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AIMMS

SEPTEMBER 25, 2019

North Star Alliance , for instance, uses optimization to find optimal locations for its mobile HIV-AIDS clinics in Africa. Most recently, we encountered Angel Flight West , a non-profit organization that is using AIMMS to optimize flight routes for families in need. Yeah, I follow the blog of a mathematician named John Cook.

Optimization Software 62

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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.

Inventory Reduction 105

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SYSPRO Smarter ERP

JANUARY 5, 2022

Optimize process efficiency by enabling staff to accomplish more tasks or do something they typically could not. How to start with AI. As your company moves from simple to more sophisticated and complex AI models, the right computational investment becomes critical. Enable faster execution of tasks and better decision-making.

Manufacturing Procurement 124

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SYSPRO Smarter ERP

MARCH 29, 2022

” World Economic Forum – The Fourth Industrial Revolution: what it means, how to respond. But instead of ignoring the 4IR because it implies radical business change, manufacturing decision-makers should start preparing their organizations for the cultural, process and business model adjustments that will be essential.

Manufacturing Procurement 116

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AIMMS

MARCH 2, 2021

Districon is a consulting company that brings the power of optimization and analytics closer to supply chain processes. What is S&OE and what does it entail to develop a companion app with optimization capabilities? S&OE is all about how reality compares to the S&OP plan. Let’s dive in. S&OP/IBP and S&OE.

Optimal Sourcing 83

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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.

Inventory Reduction 98

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GoShip Blog

AUGUST 1, 2022

You must understand the basics of selling internationally and be flexible enough to incorporate necessary measures into your business model. To optimally advertise to your target foreign audience, it is vital that you completely grasp the digital marketing landscape in the region. The Basics of Selling Internationally .

Modeling Software 52

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SYSPRO Smarter ERP

JUNE 6, 2022

However, these business models have led to unintended consequences, such as not getting inventory when it is needed. A new supply chain operating model. When it comes to managing supply chains and inventory, manufacturers ought to be looking at a new operating model.

Inventory Reduction 119

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Locus

APRIL 26, 2024

More and more companies are looking to digitalization of their end-to-end logistics operations for high efficiencies at optimal costs. How to resolve this conundrum? Should the solution optimize dispatch for captive fleet, or allow you to leverage an asset-light model? How important is customization of the solution?

Logistics Network Optimization Software 52

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AIMMS

MAY 22, 2018

You should be able to model unforeseen disruptions, understand their impact, and use prescriptive analytics to put a plan in place that mitigates the negative impact on your bottom line. Do I know how to quickly find extra capacity, and how to re-allocate demand in a cost optimal manner?

Supply Chain Design Software 86

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AIMMS

FEBRUARY 2, 2015

In fact, it made it crystal clear that finding the optimal balance between demand and stock levels is not directly obvious and would require a more sophisticated approach. In 90% of cases it is the only reliable means of starting the processes of building a culture of analytics and optimization in an enterprise. A burning bridge.

Optimization Modeling 84

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CLX Logistics

APRIL 22, 2024

How to Elevate Your Logistics Operations with AI & ML Technology Global supply chain organizations are embracing digitization to propel their supply chain planning to new heights. Knowledge pulls in specific rate structures and data points to determine how to save costs. How efficient is your freight management system?

Supply Chain Planning Software 82

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AIMMS

DECEMBER 1, 2016

In this blog post, I will delve into 5 issues companies typically experience with their S&OP software. Analytics: empowering users with transparent prescriptive analytics (optimization) capabilities to generate scenarios and solutions automatically. In the past 2 years, we’ve seen the appeal of S&OP increase a lot more.

Supply Chain Planning Software 62

Supply Chain Planning Software Optimization Software Modeling Software Optimal Sourcing 62

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

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