Remove Analysis Remove Definition Remove Optimization 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

6 Inventory Control Techniques for Stock Optimization

EazyStock

Inventory Control Techniques that use Stock Optimization Best Practices. So we thought we’d focus on the lesser known topic of ‘stock optimization’ – this is an inventory control technique that’s becoming more popular with inventory managers to improve the efficiency of their supply chain. What is stock optimization?

Insiders

Sign Up for our Newsletter

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

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?

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. Supply Chain Design: A process where nodes, modes, flows, and policies driving a supply chain are defined, reviewed, optimized, and aligned to business objectives. Here’s why, and what your organization should be thinking about instead.

article thumbnail

Companies Improve their Supply Chains with Artificial Intelligence

Logistics Viewpoints

Further, while artificial intelligence helps solve certain types of problems, Jay Muelhoefer – the chief marketing officer at Kinaxis pointed out – optimization and heuristics work better for other types of planning problems. So, models for heavy process industries often include first principle parameters.

article thumbnail

Top Takeaways from Coupa Inspire

Logistics Viewpoints

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. Coupa meets this definition. Using supply chain design to help time the investment and select the optimal location is a perfect use case.

article thumbnail

Daily Management for Improvement

The Lean Thinker

It depicts more detailed version of “ Organize, Standardize, Stabilize, Optimize ” showing the continuous comparison between “what should be happening” and “what is actually happening.” What About Root Cause Analysis? You apply the math you must to model and solve the problem at hand.