MTS Logistics

FEBRUARY 2, 2024

There are many different models that ensure success in any company, but for the purposes of simplicity, we have chosen one model: the 4 Ps of logistics (product, price, promotion, and place). Without it, there is no need for the 4Ps model. A fifth P for “people” is sometimes suggested as an add-on.

Modeling Software 111

Modeling Software Modeling Logistics Network Optimization Software Supply Chain Software 111

MTS Logistics

MARCH 12, 2025

Weather events will continue to impact in 2025. years on planning and operating through a hub model. So, planning in advance, choosing the right partners that present options, doing an actual cost analysis, and keeping customers educated will be the key to overcome the challenges faced in 2025.

Cost Reduction 89

Cost Reduction Reliability Scenario Planning Logistics Network Optimization Software 89

The Logistics of Logistics

FEBRUARY 12, 2021

PAXAFE predicts adverse events through the supply chain to de-risk B2B shipments and enable intelligent cargo insurance. CONTXT enables shippers, 3PLs / carriers and insurance providers the ability to intercept at-risk shipments, automate claim diagnosis and root cause analysis, and improve loss ratios via improved underwriting.

Expense Reduction 195

Expense Reduction Freight Supply Chain Software Modeling Software 195

Logistics Viewpoints

SEPTEMBER 19, 2024

Additionally, software vendors continuously invest in tuning the performance of their algorithms and models. Planners spend considerable time preparing scenario planning and not the actual analysis. For impactful scenario planning, planners must spend time on analysis rather than collating data and manually creating scenarios.

Supply Chain Planning Software 121

Supply Chain Planning Software Scenario Planning Supply Chain Software Supply Chains 121

Logistics Viewpoints

JUNE 8, 2022

At that time, I wrote about the COVID pandemic, and how similar events occur that elevate the uncertainty of the market. These events make accurate forecasting very difficult. I tend to use time series analysis as an anchor to my forecast, as I suspect many of you do. Review of Prior Impactful Events. Final Word.

Scenario Planning 126

Scenario Planning Analysis Events Purchasing Skills 126

The Logistics of Logistics

DECEMBER 29, 2020

Socio-political events like trade wars and political upheavals around the world. can be created to serve as a sandbox for scenario analysis. Resiliency modeling and can address key supply chain issues. Key Takeaways: Overcoming Supply Chain Disruptions. The Causes of Supply Chain Disruptions include: Pandemics like the COVID 19.

Supply Chain Planning Software 212

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Sourcing Strategies 212

Logistics Viewpoints

APRIL 11, 2023

Event-driven IBP – technological capabilities to monitor internal and external events (Supply Chain Control Tower) in real time. Contextualize and quantify event impact and be able to trigger re-plan in an integrated supply chain planning solution to create an executable and feasible plan.

Supply Chain Planning Software 111

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

Trinity Logistics

JANUARY 19, 2024

Foundational Model This is where the training/learning takes place, where you’re teaching the AI how to look at things and look at input. Large Language Model (LLM) This model is trained on vast amounts of text, can interpret what you’re asking of it, and can put a response in words that you can understand.

Supply Chain Software 127

Supply Chain Software Logistics Network Optimization Software Modeling Software Supply Chains 127

Logistics Viewpoints

MAY 23, 2024

Situation Companies are increasingly confronted with complex planning scenarios due to predictable events such as mergers and acquisitions, category expansions, supplier changes, and distribution evolution, as well as disruptive events including demand volatility, material shortages, capacity constraints, and logistical surprises.

Scenario Planning 126

Scenario Planning Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 126

Logistics Viewpoints

DECEMBER 14, 2023

Organizations must take the following steps to bring departments together to create truly resilient and sustainable supply chains: Leverage external data to sense market shifts Look to external causal factors and forecasting models to identify market shifts. By identifying these gaps, you can create sourcing events to close them.

Supply Chain Design Software 130

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Optimal Sourcing 130

SYSPRO Smarter ERP

NOVEMBER 8, 2021

But for that special class of disruption, the low-probability, high-impact events like natural disasters, epidemics and other upheavals, organizations don’t know how to mitigate the risk and successfully manage their supply chains, and are now trying to find their way through the minefield of issues and challenges with no clear solution.

Supply Chain Planning Software 116

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

IoT World Today

MAY 21, 2020

If we’re going to be able to prepare for these types of events in future, we have to identify appropriate sources of information that we should focus on all the time — not just when [crisis] manifests,” said Randy Bradley, associate professor of information systems and supply chain management at the University of Tennessee.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 145

MTS Logistics

FEBRUARY 6, 2023

COVID-19 and Hanjin’s bankruptcy both have had significant impacts on the global supply chain and share commonalities in the following ways: Disruptions to global trade: both events led to delays and increased costs for shippers and manufacturers who had to find alternative ways to transport their goods.

Cost Reduction 105

Cost Reduction Sourcing Strategies Manufacturing Procurement Events 105

Logistics Viewpoints

AUGUST 15, 2024

Companies can also test-drive their supply chains by introducing the uncertainty of events that are difficult, if not impossible, to predict with accuracy. These events can range from minor supply disruption or canceled shipments to significant black swan events.

Scenario Planning 124

Scenario Planning Supply Chain Planning Software Sourcing Strategies Optimal Sourcing 124

IoT World Today

AUGUST 15, 2021

Mobile IoT users may be surprised to find that the most important ingredient in mobile IoT isn’t an IoT element at all, but a detailed analysis of the mobility characteristics and requirements. Step four is to select a data model to fit your needs as described in the earlier steps, particularly Step 2. The Ingredients. The Recipe.

Modeling Software 92

Modeling Software Sourcing Strategies Events Manufacturing Procurement 92

Logistics Viewpoints

SEPTEMBER 19, 2023

Risk events that happen in one part of the supply chain can cause a disruptive effect that is amplified multi-fold given the complex connectivity of labor, raw materials, and capacity. Inflation, pandemics, railway strikes, adverse weather events – the supply chain disruptions keep on coming. are most exposed to risk?

Supply Chain Design Software 119

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 119

Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. It can be used to predict long-term trends or short-term (seasonal) demand, depending on the model you use. As the old “garbage in, garbage out” adage warns, your forecast is only as accurate as the data you input.

eCommerce 105

eCommerce Operations Inventory Reduction Modeling Software 105

Logistics Viewpoints

JULY 23, 2024

Without sufficient data, AI models can’t uncover meaningful patterns, make accurate predictions, or provide valuable insights for informed decision-making in complex and dynamic environments. At the same time, feeding your AI models too much data can also be a problem. Data is the lifeblood of AI in the supply chain.

Optimal Sourcing 124

Optimal Sourcing Supply Chain Software Supply Chains Data 124

3PL Links

DECEMBER 3, 2023

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms. This ratio increased to 54% in 2022.

Supply Chain Planning Software 48

Supply Chain Planning Software Optimal Sourcing Analysis Supply Chain Software 48

MTS Logistics

JANUARY 30, 2025

Is this right model for business owners? If one has to decide whether they should spend time on networking events or not in freight forwarding, the best way that can be described as below: New companies must try enrolling more into networks to expand their identity fast. Time will tell.

Freight forwarding 63

Freight forwarding Networks Freight Events 63

Logistics Viewpoints

FEBRUARY 28, 2022

In process industries the supply chain models used for optimization are much more complex than those used in other industries. So, models for heavy process industries often include first principle parameters. The AspenTech models combine the classic first principles approach with the modern pure data-driven approach.

Supply Chain Planning Software 142

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

Talking Logistics

MARCH 27, 2019

Just as each company’s business model is a bit different than the next, optimization is not a one-size-fits-all operation. Along with that, a key capability is ‘what if’ analysis. The optimization solution should be able to run without much, if any, manual intervention based on schedules and business events. Assessing the need.

Optimization Software 119

Optimization Software Optimization Modeling Optimization Supply Chain Planning Software 119

Logistics Viewpoints

MARCH 17, 2022

We can say things have changed, and the pandemic is not just an anomaly event after all. Network cost modeling. Self-learning models provide modeling agility. Here we are, two years after the start of the pandemic, and we are still very much feeling the effects. Automated forecasting processes.

Supply Chain Planning Software 134

Supply Chain Planning Software Modeling Software Optimization Software Scenario Planning 134

TransAudit

FEBRUARY 13, 2025

As Josh Dritz, VP of Operations Technology and Automation at Messen Medical Surgical, pointed out, Geopolitical factors, extreme weather events, labor issues, and pandemics are just a few of the challenges that constantly threaten supply chains. Use tools to automate root cause analysis and reduce dependency on manual reporting.

Supply Chain Software 59

Supply Chain Software Supply Chain Planning Software Supply Chains Inventory Reduction 59

WorkWave

OCTOBER 5, 2022

Brand-damaging events can come in many different forms, but maybe none are more inconspicuous than those caused by pests. These brand-damaging events can cause disease and illness within the community and destroy a company’s image, sometimes forever. Time To Read: 3 minutes.

Modeling Software 98

Modeling Software Cost Reduction Modeling Events 98

FreightWaves SONAR

MARCH 9, 2021

Unlike waiting on data on freight tenders until the bill is paid, audited, and settled, submitted tender data via EDI or API offers a better way to approach predictive modeling of logistics. The analysis of that data helps companies identify reliable insights based on what’s happening today and yesterday, not just what happened last week.

Data 98

Data Reliability Supply Chain Planning Software Trucking 98

Logistics Viewpoints

MARCH 4, 2021

Maintaining all past and future promotional events in a database. Maintaining outlier events that have influenced demand patterns or supply availability . Modeling the impact of weather events. Automatic identifying and removing outlier events from the historical data. Modeling impact of promotions and campaigns.

Supply Chain Planning Software 116

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

Logistics Viewpoints

MAY 11, 2023

Specifically, through modeling and simulation of a digital twin you’re able to ‘virtually try before you buy’ — modelling different scenarios quickly and easily without interrupting operations, or committing significant time and capital. Do they purchase a 3D warehouse simulation and modeling tool?

Optimization Software 124

Optimization Software Supply Chain Design Software Modeling Software Digital 124

Log-hub

NOVEMBER 22, 2023

In this blog post, we will explore the highly effective ABCD Analysis technique for warehouse optimization with its pitfalls and how organizations can leverage their data to implement this strategy successfully based on Log-hubs experience over the last years. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Log-hub

NOVEMBER 22, 2023

In this blog post, we will explore the highly effective ABCD Analysis technique for warehouse optimization with its pitfalls and how organizations can leverage their data to implement this strategy successfully based on Log-hubs experience over the last years. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Log-hub

NOVEMBER 22, 2023

7 min read Maximizing Warehouse Efficiency: Unleashing the Potential of ABCD Analysis In the dynamic world of supply chain management, optimizing warehouse operations has become an indispensable factor for businesses. One of the most powerful tools employed in this endeavor is the ABCD Analysis.

Inventory Reduction 40

Inventory Reduction Analysis Material Savings Waste Reduction 40

Logistics Viewpoints

JANUARY 26, 2021

Geopolitical events. including digital control towers fueled by artificial intelligence (AI), data science and analytics, strategic product segmentation, inventory management, operations intelligence and analysis, strategic sourcing, and effective pricing and promotions management. Natural disasters. Tariffs and trade regulations.

Supply Chain Software 119

Supply Chain Software Definition Supply Chain Planning Software Supply Chains 119

Logistics Viewpoints

APRIL 15, 2021

Before the pandemic, in a study of logistics providers conducted by Fraunhofer IML, among those embarking on digitalization initiatives, only 25% of logistics providers in the Fraunhofer IML survey are leveraging digital technologies to think outside the box and reinvent their foundational delivery model. The Crucial Role of Trading Partners.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 116

Logistics Viewpoints

APRIL 4, 2024

When forecasting seasonal products, automatic classification and lifecycle modeling address different types of demand patterns by product. Real-Time What-If Planning with AI Using what-if analysis to evaluate different scenarios by incorporating internal and external events is a key way to utilize AI/ML in demand planning.

Scenario Planning 126

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 126

Logistics Viewpoints

FEBRUARY 8, 2022

According to a recent article in Forbes , 48% of consumers today prefer a hybrid shopping model that combines online and in-store components. The answer lies in identifying supply chain disruptions — from a big event, like a port closure, to smaller day-to-day performance exceptions — at the earliest possible moment.

Optimal Sourcing 105

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 105

Logistics Business Magazine

JULY 13, 2022

The effects of climate change are hard to predict, but it is possible to model the risks and opportunities that might occur,” said Heather Wheatley, senior director analyst with the Gartner Supply Chain practice. According to the survey, 44% of respondents have a general sense of potential climate change risks based on previous events.

Supply Chain Planning Software 55

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling Software 55

Logistics Viewpoints

MARCH 21, 2021

The 2017 hurricane season,” Mr. Herzog said, “was a big event on our journey. Supply chain design software requires scenario development and analysis to an even greater degree than other supply chain planning solutions. Coupa has developed a supply chain design maturity model.

Supply Chain Planning Software 128

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 128