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What are Digital Twins and How Can They Drive Warehouse Efficiency?

Logistics Viewpoints

The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. For example, they can test the effect of increasing or decreasing safety stock levels or changing the replenishment frequency of certain products.

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Manufacturers Should Focus on This Most Critical Component for Manufacturing Operations Excellence

GlobalTranz

We conclude this two part series about manufacturing operations excellence by consultant Chuck Intrieri, by outlaying why manufacturers should focus on a critical component that will help sustain manufacturing operations excellence for years to come. What is Driving Sustainable Manufacturing Operations Excellence? Work centers?

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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. Some suppliers of demand management software can also provide excellent forecast benchmarking for selected industries. forecasting product sales at 10,000 stores.

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Is it time to say goodbye to RFIs?

AIMMS

So should the purchasing process. . RFIs tend to work well for certain industries (like government) or for purchasing equipment and industrial assets, bu t t hey often fall short in helping supply chain teams select a new software vendor. There is valuable time and effort put in by both the supplier and the purchasing party.

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Top Takeaways from Coupa Inspire

Logistics Viewpoints

The visibility to spend allows them to provide excellent benchmarking in several areas. The cloud also allows access to Big Data, which greatly improves the platform’s ability to do machine learning. The supply chain design solution, for example, continues to grow in depth and usability. That has recently changed.

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Analytics in Supply Chain Management Becomes Central As Coronavirus Escalates

IoT World Today

Bouncing back more quickly, said experts, will require supply chain managers to turn to new ways of managing the supply chain, including using Internet of Things (IoT) data, analytics and machine learning (ML). Today most companies use Excel to put together different scenarios,” Bailey said.

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Automated Logistics Systems: What to Look For

RPA Labs

It’s important to consider this example when pursuing robot process automation workflow. To ensure buying RPA for the supply chain is worthwhile, freight forwarders should consider the following eight items during their RPA search. Effectively receiving and sending data relies on a whole workflow of automation.