The Lean Thinker

FEBRUARY 4, 2021

Like the pocket card in the last post, this is built on a foundation established by the work of Steven Spear, especially his PhD dissertation that is summarized in Decoding the DNA of the Toyota Production System. Toyota Kata is not a problem solving tool. What About Root Cause Analysis? Scientific Thinking is the Foundation.

Modeling Software 195

Modeling Software Optimization Software Analysis Tools 195

GlobalTranz

JANUARY 21, 2015

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. Reverse marketing starts first with Value Analysis. What is Value Analysis?

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

Logistics Viewpoints

APRIL 11, 2023

Event-driven IBP – technological capabilities to monitor internal and external events (Supply Chain Control Tower) in real time. Capabilities that are structured as true SaaS microservices (and not a monoliths) will allow the creation on composable fit for purpose applications.

Supply Chain Planning Software 111

Supply Chain Planning Software Scenario Planning Supply Chain Design Software Modeling Software 111

Logistics Viewpoints

APRIL 24, 2023

Coupa offers a Business Spend Management (BSM) platform based on a public cloud. The platform connects hundreds of organizations representing the Americas, EMEA, and APAC, with millions of suppliers globally. I saw how their platform unified finance and procurement activities, but not supply chain. Coupa meets this definition.

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 111

SYSPRO Smarter ERP

JANUARY 23, 2023

This involves implementing processes and systems for collecting and reporting on data, and some businesses may need to ensure that the information is verified by a third party. Rethink the operating model. ESG reporting and analysis Data is one of the most important requirements of an ESG program.

ERP 111

ERP Waste Reduction Optimal Sourcing Supply Chain Planning Software 111

Logistics Viewpoints

FEBRUARY 28, 2022

Let’s start with a definition: any device that can perceive its environment and takes actions that maximize its chance of success at some goal is engaged in some form of artificial intelligence (AI). It is also worth pointing out, that based on this definition, not all forms of machine learning are particularly complicated.

Supply Chain Planning Software 142

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 142

Logistics Viewpoints

JUNE 29, 2021

I like the simplicity and clarity of Informatica’s definition of data quality: Data quality refers to the overall utility of a dataset(s) as a function of its ability to be easily processed and analyzed for other uses. We have rigorous checks in place to ensure that data comes in a specific, numeric form that our systems need.

Data 111

Data Supply Chain Design Software Supply Chain Planning Software Digital 111

Trinity Logistics

AUGUST 22, 2024

Definitely no to the last one!) As someone who works in the technology field, I’d love to answer those exact questions for you and share some of my own thoughts on AI. 1980s Expert Systems Bring Renewed Interest Despite the slowdown, some projects continued, albeit with slow progress. When did it start? What exactly is AI?

Modeling Software 118

Modeling Software Optimization Software Optimal Sourcing Logistics Network Optimization Software 118

Logistics Viewpoints

MARCH 4, 2021

Being listed on a last-mile-delivery service platform and reaching a much broader customer base beyond the neighbors became a must-have for survival. These data sources are often spread across multiple platforms and come in various formats. Planning platforms can pull data from multiple internal and external data sources.

Supply Chain Planning Software 116

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 116

SYSPRO Smarter ERP

NOVEMBER 8, 2021

Many of the current (pre-Covid) business models focused on partnering with suppliers and “make them part of your business” because the closer they are to the business the better they can understand the issues and respond. Unfortunately, that model is unlikely to ensure continuous supply to the business in these new times.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 116

SYSPRO Smarter ERP

JUNE 21, 2022

Technology, or a lack of it, also plays a key role. A recent SYSPRO survey shows that only 45% of businesses have looked at systems to address supply chain disruptions and just 44% have investigated technologies that enable collaboration with external suppliers and customers. ERP can help companies cope with Supply Chain.

Supply Chain Planning Software 105

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

AIMMS

MAY 6, 2019

There have been significant advances in both technology and supply chain thinking over the past decade. T his definition of what S&OP is and what the objectives are is still v alid today at this high level. Despite this , most supply chain technology is still focused on the forecast. The result of which should be: .

Supply Chain Planning Software 111

Supply Chain Planning Software Scenario Planning Supply Chain Software Modeling Software 111

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 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

Logistics Viewpoints

SEPTEMBER 22, 2022

Even if you’ve implemented the most sophisticated process and technology for your S&OP process, there’s a hard truth you need to hear: a supply chain not designed to be in tune with the rapid market shifts will leave your best-laid plans exposed and make them unreliable. Why episodic supply chain design falls short.

Supply Chain Design Software 105

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Exercises 105

EazyStock

OCTOBER 20, 2020

Firstly, let’s get a few definitions: What is inventory control? It’s critical to invest time (and money if required) in setting up advanced inventory forecasting models that produce accurate demand forecasts. Trends: Product demand is influenced by fashion, technology, social, economic and legal factors.

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

Logistics Viewpoints

JANUARY 3, 2022

When does a technology really grow? When it comes to the movement of freight, one megatrend driving the need for better technology is the driver shortage. But when will this technology become operational? And the answer to that question depends upon just what type of autonomous technology you are talking about.

Trucking 128

Trucking Trends Modeling Software Logistics Network Optimization Software 128

Conger

MARCH 28, 2024

Introduction to Fleet Management Fleet Management Definition Businesses across all sectors depend on commercial vehicles to transport people and products daily from cross-country delivery services to your neighborhood gas and oil provider. These technologies have been a major catalyst for the evolution of fleet management.

Optimization Software 72

Optimization Software Optimal Sourcing Expense Reduction Cost Reduction 72

GlobalTranz

SEPTEMBER 8, 2017

At the moment, many systems are hybrid, meaning that supply chains normally use a mix of paper-based and IT-enabled processes. In essence, digital supply chains aim to minimize waste and bring greater profits, whilst being truly efficient system. Follow These Steps For Digital Supply Chain Management. This is the very first step.

Supply Chain Software 83

Supply Chain Software Supply Chains Digital Waste Reduction 83

Logistics Viewpoints

APRIL 15, 2021

In my Logistics Viewpoints article in January 2021, “ The New Definition of Supply Chain Agility and Resilience in an Unpredictable World ”, I highlighted that modern supply chains must be built on a foundation of extreme agility and responsiveness. The Key to Long-Term Success: Build Agility, Resilience and Profitability Together.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 116

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

Talking Logistics

SEPTEMBER 7, 2017

I’ve been researching the Transportation Management Systems (TMS) market for over 18 years and obviously a lot has changed over that time period. And through advancements in system architectures, companies are able to extend the solutions with their own development. Did the company have any questions or concerns with either model?

Optimization Software 73

Optimization Software Modeling Software Logistics Network Optimization Software Optimization Modeling 73

SYSPRO Smarter ERP

NOVEMBER 3, 2021

Businesses have had to re-think their supply chain and its KPIs (Key Performance Indicators), but more importantly the technologies that can help enable manufacturers and distributors improve their KPIs. This is best done using an ERP system, where different steps of the manufacturing chain – order management, production, fulfilment, etc. –

Manufacturing Procurement 105

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Supply Chain Design 105

Logistics Business Magazine

JUNE 13, 2022

But this also means a door has opened for companies to walk through it and grab hold of new opportunities to optimise their business models. Let’s stand together to tackle everything the industry faces in terms of new customer requirements, market conditions and technological issues. Q: How did the new approach come about?

Supply Chain Planning Software 54

Supply Chain Planning Software Supply Chain Software Modeling Software Procurement Solutions 54

EazyStock

OCTOBER 10, 2018

Big data is a term used to describe a massive volume of both structured and unstructured data that’s too large to be processed using traditional database and software techniques. However, having high data volumes without using the proper technology infrastructure can create more problems than value.

Inventory Reduction 45

Inventory Reduction Supply Chain Planning Software Inventory Modeling Software 45

Logistics Business Magazine

JULY 1, 2022

But this also means a door has opened for companies to walk through it and grab hold of new opportunities to optimize their business models. Let’s stand together to tackle everything the industry faces in terms of new customer requirements, market conditions and technological issues. Q: Instead…?

Supply Chain Planning Software 54

Supply Chain Planning Software Supply Chain Software Optimization Software Modeling Software 54

Ship Monk

JUNE 16, 2021

While operating at 110% capacity may not always be feasible, making the most of the eCommerce slow season definitely is. What’s better than one sales platform? Basically, it’s in our nature to adapt to the behavior modeled by others under the assumption that their thoughts and actions are correct. Run a Competitive Analysis.

eCommerce 91

eCommerce Inventory Reduction How To After-sales 91

CLX Logistics

FEBRUARY 22, 2024

Procurement management stands at the crossroads of technological innovation and strategic decision-making. At the heart of these challenges lies the need for advanced tools and technologies to drive innovation, enhance decision-making, and unlock hidden value within procurement processes.

Optimal Sourcing 52

Optimal Sourcing Procurement Supply Chain Software Negotiating Skills 52

GlobalTranz

DECEMBER 31, 2015

This is in part due to the fact that as a third party logistics company, focused on efficient and strategic transportation management solutions through technology and services, it is vital for us to educate our shipper customers and our team in order to continually improve and always provide value. .

Article 59

Article Supply Chain Software Supply Chains Logistics Network Optimization Software 59

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

AIMMS

MAY 6, 2019

There have been significant advances in both technology and supply chain thinking over the past decade. T his definition of what S&OP is and what the objectives are is still v alid today at this high level. Despite this , most supply chain technology is still focused on the forecast. The result of which should be: .

Supply Chain Planning Software 62

Supply Chain Planning Software Scenario Planning Supply Chain Software Modeling Software 62

Forto

JULY 25, 2018

Smartphones, connected sensors, robotics, smart transport management systems (TMS), the Internet of Things (IoT), and artificial intelligence feed on data, as well as generate even more data for use to reduce costs. Experts disagree on the definition of Big Data. It might include the analysis of this data through analytics.

Supply Chain Planning Software 40

Supply Chain Planning Software Data Optimization Software Modeling Software 40

Logistics at MPEPS at UPV

MARCH 26, 2019

The digitalization of the processes and automated production will help the industry to an efficient operation of the storage and transport centers, the chains seek the adoption of tools that allow them to optimize their operations and costs. Technology that functions as an encrypted and distributed database. ERP software for logistics.

Logistics Network Optimization Software 40

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Software Optimization Software 40

Logistics at MPEPS at UPV

MARCH 31, 2019

Before defining the applicable model of distribution networks and their different scenes, it’s essential to start with these 6 steps: ONE. Definition of the scope It’s crucial not to lose alignment with the evolution of the business and the transformations that implies. Previous steps in the design of distribution networks.

Distribution 40

Distribution Inventory Reduction Cost Reduction Networks 40

Logistics Bureau

JANUARY 1, 2025

ABC Analysis: A form of Pareto analysis applied to a group of products to enable selective inventory management controls. ABC Classification: The classification of inventory, after ABC analysis, into three basic groups for the purpose of stock control and planning. ACS: Automated commercial systems, or A.C.S

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 76

Conger

JANUARY 17, 2023

Because in this ultimate guide, you'll learn everything you need to know about the 5S warehouse system, including: What warehouse 5S is The 8 key benefits of 5S-ing your warehouse How to easily implement a warehouse 5S protocol And lots more! By removing debris, dirt, broken tools, excess stock, scrap, etc., Curious about warehouse 5S?

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 52

Locus

OCTOBER 19, 2021

With the recent developments in e-commerce and logistics technologies, people, from the comfort of their homes, can get their prescriptions delivered the same day and reduce the risk of contagion. It is difficult for patients to track the purchase and consumption of prescriptions in larger quantities for a definitive period.

Optimization Software 52

Optimization Software Logistics Network Optimization Software Supply Chain Planning Software Modeling Software 52

GlobalTranz

JUNE 10, 2016

Shippers must audit all carrier invoices, but since this process can be quite time-consuming, it is best to use a transportation management system that completes auditing automatically. Use Automated Data Capture and Analysis to Catch Errors Before Shipping. However, air shipping may not be the definitive solution.

Price Reduction 51

Price Reduction Packaging Cost Reduction Negotiating Skills 51