Remove Data Remove Examples Remove Exercises Remove Modeling
article thumbnail

Using Data to Improve Supply Chain Operations

Material Handling and Logistics

Learn how to organize your data operations in alignment with supply chain strategy. Complex supply chains generate more data, which companies can use to drive greater efficiency or engage in innovation that disrupts an entire industry—think Amazon. More data is coming in than ever before.

article thumbnail

Supply Chain Design: A Tool to Help Maximize Value

Logistics Viewpoints

Moreover, this exercise might need to be repeated several times depending on how the war proceeds. For it to be an optimal solution, a mathematical model needs to be used. That model can then be used to analyze every new situation that arises. First comes the data and how well we understand it.

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

Leverage freight data for confident demand planning

FreightWaves SONAR

Lack of data, lack of conviction and lack of organizational agility all conspire to keep companies from recognizing medium-term opportunities and challenges and responding decisively. It’s hard to find good data that provides a view into the next few months of consumer behavior and economic activity.

article thumbnail

Data standardization and its benefits – Executive Insights with Thomas Bagge, CEO of DCSA

Shipping and Freight Resource

Data the “new” gold, is in high demand all over the world and especially now in the shipping and freight industry. But just data alone is not going to assist. Data and its usage must be standardised and there must be a standardised approach to digitalisation. So that Industry Blueprint was quite crucial.

Data 90
article thumbnail

Supply Chain Design Crosses the Chasm

Logistics Viewpoints

Pop up warehouses, micro fulfillment centers, and warehousing-on-demand are all examples of how the nodes are becoming increasingly dynamic. For the longest time modeling and designing such nodes, modes, and flows has been the realm of Supply Chain Design. Design can help test such ideas before implementing changes to the master data.

article thumbnail

Reimagining Logistics: Focusing on What’s Ahead, Not What Happened

Logistics Viewpoints

This is not a continuous improvement exercise, but a matter of survival as greater unpredictability prevails in our markets, continually taxing resources, and challenging forecast accuracy on both the demand and supply sides.

article thumbnail

Bottom Line: What is the ROI of Supply Chain Network Design Software?

AIMMS

Given that we are a data-driven (math-loving) company, we wanted to test this range by running some scenarios to see what kind of results companies can expect across a variety of verticals. To do this, we built two representative models of a business. One in the pharmaceuticals industry and another in consumer hi-tech products.