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Scenario Modeling Is Now Crucial for Supply Chain Network Design

AIMMS

How are companies leveraging scenario modeling for network design and optimization ? Our 2018- 2019 Network Design Survey showed that the majority of organizations are still relying on spreadsheets (nearly 60%) and gut feel (15%) to make network design decisions. Read on for common use cases. .

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The role of inventory management and inventory optimization in ERP

SYSPRO Smarter ERP

In a recent survey , 40% of respondents mentioned rising inventory costs as a top business risk. One of the biggest uncertainties of inventory management is how much stock to hold to meet changing demand. Keeping the right level of inventory requires a technique called inventory optimization. Inventory optimization.

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Artificial Intelligence In The Warehouse Is Coming Sooner Than You Might Think

Logistics Viewpoints

Preliminary results from a Lucas-commissioned survey of 350 companies in the US and UK found that the majority of the companies are already employing AI in one way or another within their warehouses and distribution/fulfillment centers. AI-Based Warehouse Optimization Examples. Here are two examples. AI For Product Slotting.

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Scenario Modeling Is Now Crucial for Supply Chain Network Design

AIMMS

How are companies leveraging scenario modeling for network design and optimization ? Our 2018- 2019 Network Design Survey showed that the majority of organizations are still relying on spreadsheets (nearly 60%) and gut feel (15%) to make network design decisions. Read on for common use cases. .

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The Top Floor to Shop Floor Production Planning Handoff is Hard

Logistics Viewpoints

Increasingly it is recognized that the executive planning meetings, that typically take place once a month, should be chaired by a top floor executive – a chief financial officer, chief operations officer, or even chief executive officer. Meanwhile, inventory optimization and production scheduling are more of a black box.

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Supply Chain Optimization: Everything You Need to Know

Bringg

To meet the new demand, companies will have to adjust their operations for greater efficiency, flexibility, and cost reduction. Supply chain optimization ensures a smoother process and a more successful business model focusing on efficiency and profit. What is supply chain optimization? .

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Logistics Confidence Index Unlocks Growth Potential

Blue Grace Logistics

Mark Derks, BlueGrace Chief Marketing Officer June 23, 2023 In the dynamic and ever-evolving logistics landscape, having access to accurate and timely data is essential. Updated quarterly, the LCI has become an important resource for shippers seeking to maximize data forecasting as part of a predictive and prescriptive analytics model.