EazyStock

OCTOBER 20, 2020

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?

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

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

TransAudit

JUNE 27, 2023

The supply chain, an integral part of modern commerce, continues to evolve, learning from the impacts of industry trends and global events over the years. Machine learning presents a solution by optimizing the flow of products from one location to another. It thrives on reliable, high-quality, and timely information.

Optimal Sourcing 68

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 68

Logistics Viewpoints

APRIL 11, 2023

This approach was suitable for a time where disruptions were rare, supply and demand variability were limited, and the supply chain was optimized to lower costs and low complexity. Event-driven IBP – technological capabilities to monitor internal and external events (Supply Chain Control Tower) in real time.

Supply Chain Planning Software 111

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

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

Logistics Viewpoints

MAY 11, 2023

How the digital twin concept drives benefit By using advanced analytics and machine learning algorithms, digital twins can provide real-time insights and recommendations to optimize operations, reduce costs, and increase productivity. Physical change (i.e., changing the structure of the warehouse, modifying processes, etc.)

Optimization Software 124

Optimization Software Supply Chain Design Software Modeling Software Digital 124

Logistics Viewpoints

AUGUST 15, 2024

Supply chain policies and configurations can be evaluated and then optimized across the likely ranges of demand, supply, disruptions, and financial drivers – providing the best plans across strategic and tactical horizons. 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

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

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. Your fulfillment center or 3PL should be able to give you this cost or make it easy to find in a few clicks.

eCommerce 105

eCommerce Operations Inventory Reduction Modeling Software 105

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. and Europe.

Supply Chain Planning Software 134

Supply Chain Planning Software Modeling Software Optimization Software Scenario Planning 134

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

TransAudit

JULY 6, 2023

The supply chain, an integral part of modern commerce, continues to evolve, learning from the impacts of industry trends and global events over the years. Machine learning presents a solution by optimizing the flow of products from one location to another. It thrives on reliable, high-quality, and timely information.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 52

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

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

SEPTEMBER 19, 2023

Supply chain executives must evolve from cost and service as the key objectives for optimal demand-supply balancing towards the “quadfecta” of cost, service, resiliency, and sustainability. 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

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

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. How predictive analytics works in logistics?

Supply Chain Planning Software 48

Supply Chain Planning Software Optimal Sourcing Analysis Supply Chain Software 48

Logistics Viewpoints

FEBRUARY 28, 2022

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.

Supply Chain Planning Software 142

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

Log-hub

MAY 22, 2024

The concept of multi-tier supply chain analytics and optimization has become a critical component for companies aiming to maintain competitive advantage, ensure efficiency, and respond rapidly to market changes. PRESCRIPTIVE ANALYTICS : Suggests actions based on data analysis. AI can play an important role in inventory optimization.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Material Savings Supply Chain Planning Software 52

Log-hub

MAY 22, 2024

The concept of multi-tier supply chain analytics and optimization has become a critical component for companies aiming to maintain competitive advantage, ensure efficiency, and respond rapidly to market changes. PRESCRIPTIVE ANALYTICS : Suggests actions based on data analysis. AI can play an important role in inventory optimization.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Material Savings Supply Chain Planning Software 52

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

GlobalTranz

APRIL 20, 2021

Whether it’s a pandemic, severe weather events, trade disputes and tariffs, economic upheaval, or even unexpected surges in customer demands, you can’t prepare for every eventuality. For example, GlobalTranz’s Cost Prediction Model provides intelligence on pricing and market trends via a live dashboard.

Supply Chain Planning Software 115

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 115

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

Log-hub

NOVEMBER 22, 2023

7 min read 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

Log-hub

NOVEMBER 22, 2023

7 min read 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

WorkWave

JUNE 27, 2024

Technology Solutions Route Optimization Software Leveraging route optimization software like RouteManager helps maximize efficiency, reduce fuel costs, improve delivery times and much more. Route optimization also helps reduce fuel consumption and maintenance costs, contributing to the overall profitability of the business.

Optimal Sourcing 92

Optimal Sourcing Supply Chain Planning Software Optimization Software Availability 92

GlobalTranz

OCTOBER 5, 2015

Predictive capabilities and modeling to reduce costs. Currently, business processes that use static data structures and analysis will need to adapt in order to maintain the competitive edge and pursue new value creation. Improve service levels. Improve quality levels in real-time.

Optimal Sourcing 111

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

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

AIMMS

JUNE 26, 2017

Prescriptive Analytics is a type of Advanced Analytics that offers you a way to get recommended actions during a decision making process using optimization modeling. ” Watch a demo to see an AIMMS-based Inventory Optimization App in action.

Supply Chain Design Software 0

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software AIMMS 0

GlobalTranz

OCTOBER 6, 2021

As the state of the trucking market evolves and innovations improve , OTR freight management technologies and logistics service providers offer transportation management optimization to help businesses avoid significant supply chain disruption. Enabling Data-Driven Decision-Making .

Optimal Sourcing 86

Optimal Sourcing Optimization Software Modeling Software Supply Chain Software 86

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. The pace of change continues to accelerate.

Supply Chain Planning Software 128

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

Trinity Logistics

AUGUST 22, 2024

The conference is seen as the founding event of AI. 1960s Early Research and Optimism Early AI programs began to develop during this time. This significant event was the first widely recognized successful application of Deep Learning. Generative AI refers to AI models that can generate new data like the data its trained on.

Modeling Software 118

Modeling Software Optimization Software Optimal Sourcing Logistics Network Optimization Software 118

CLX Logistics

MARCH 9, 2021

For more about using the right data to optimize your logistics spend with clear, actionable insights and better supply chain visibility, check out our Infographic: Does Your Supply Chain Analysis provide the Best Insights? <link How Big Data Analytics Helps Enhance Global Supply Chain Logistics. Better Customer Experiences.

Optimal Sourcing 40

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Procurement Analytics 40

Talking Logistics

JUNE 29, 2017

It was a strategic/tactical analysis, disconnected from day-to-day operations, and the software tools were difficult to learn and use. By receiving more real-time data from the dealers, the manufacturer was able to better optimize its inventory levels across its network and reduce costs.

Supply Chain Design Software 43

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 43

Stord

JANUARY 26, 2021

Solution: The Cloud Supply Chain The supply chain cloud is a digital 3PL with end-to-end logistics services vertically integrated through a singular software platform and offered in a pay-as-you-go model. Book a freight shipment, launch a new warehouse, or test a new distribution model all from the same cloud platform.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Modeling Software Logistics Network Optimization Software 78

Log-hub

MARCH 6, 2024

Log-hub, a Swiss-based technology company, is pioneering this shift with sophisticated mathematical optimization models designed to seamlessly integrate electric vehicles (EVs) into the supply chain. This model incorporates not just route planning but also charging requirements and cost implications of electric truck operations.

Optimal Sourcing 40

Optimal Sourcing Sourcing Strategies Cost Reduction Resource Reduction 40