Remove Analysis Remove Definition Remove Modeling
article thumbnail

The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

The definition of agility and resilience will continue to evolve. The creation of a new digital ecosystem has enabled these and other changes that will shape the definition of supply chain agility and resilience in the 2020s and beyond. There are Also Commercial Reasons. The Road to Agility and Resilience. A Positive Example.

article thumbnail

Vendor Managed Inventory Model for Supply Chain Cost Reductions

GlobalTranz

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?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cost of Warehouse Management System Software

The Logistics of Logistics

But the model for those cost categories has been dramatically changed by the emergence of WMS delivered in the Cloud, with the software and other cost elements moving from a fixed to a recurring cost and creating a shift in how some deployment costs are incurred. There can be some deviations from this basic model.

article thumbnail

Companies Improve their Supply Chains with Artificial Intelligence

Logistics Viewpoints

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.

article thumbnail

Editor’s Choice: Why Supply Chain Design Is Not a “One-and-Done” Exercise

Logistics Viewpoints

But first, let’s get on the same page: Supply chain design solutions and definitions. This is achieved through analysis, scenario planning, and simulation with end-to-end models, fueled by AI and powerful algorithmic engines. Here’s why, and what your organization should be thinking about instead.

article thumbnail

Daily Management for Improvement

The Lean Thinker

We get into semantic arguments about “problem solving” as somehow different from “root cause analysis” and how the Improvement Kata is somehow distinct, again, from those activities. Nevertheless, you have to work diligently to see problems as they occur, respond to them, dig into causes (root cause analysis anyone?)

article thumbnail

Is It Time to Move Beyond the Traditional Approach to IBP?

Logistics Viewpoints

Limitations in modeling the real world Over the years products, consumers and markets have grown complex and this trend was accelerated by COVID-19 in terms how and where customers want to interact with brands and products. Capabilities you should be looking to real world data modeling.