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 19, 2023

The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream. Table 1 describes a few examples of these types of risks. Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers.

Supply Chain Design Software 155

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 155

The Logistics of Logistics

FEBRUARY 11, 2022

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.

Modeling Software 221

Modeling Software Logistics Network Optimization Software Cost Reduction Vendor Strategies 221

Logistics Viewpoints

AUGUST 15, 2024

By modeling these potential disruptions, it becomes possible to understand the impact and develop the right alternative response plans to mitigate the impact. The digital twin, for example, can be subjected to numerous stress tests that mimic real-world conditions and observe how different variables interact and impact the entire network.

Scenario Planning 155

Scenario Planning Supply Chain Planning Software Sourcing Strategies Optimal Sourcing 155

Logistics Viewpoints

JULY 17, 2024

Some of the key measurements that are important to the company include MTBF (mean time between failures/stops), average uptime, MTTR (mean time to repair), and other real-time data and analysis information. For example, most stops are minor stops, and an average production line stops 20,000 times per year.

Digital 158

Digital Procurement Analytics Manufacturing Procurement Modeling Software 158

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. But with a wealth of inventory KPIs available to choose from to include in your inventory analysis methods, which ones are the most important to ensure you’re on the right track to optimum efficiency? Managing inventory is a complex business. Inventory turnover ratio.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. For example, if you’re introducing a new product and there are no similar products to draw historical data from, qualitative research is a must to reduce risk.

eCommerce 104

eCommerce Operations Inventory Reduction Modeling Software 104

Freightos

JUNE 17, 2024

In the first issue of our AI popup newsletter series, Matt Motsick, CEO of Rippey AI and a long-time logistics technology leader, explores buying or building AI models. Focus on Innovation : By outsourcing the underlying AI technology, companies can focus more on innovation and applying AI in unique ways within their business models.

Modeling Software 102

Modeling Software Optimization Software Logistics Network Optimization Software Cost Reduction 102

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

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 111

Supply Chain Software Logistics Network Optimization Software Modeling Software Supply Chains 111

Logistics Viewpoints

AUGUST 14, 2024

Processing and Analysis: Each vehicle processes received data to assess potential collision risks. For example, if a vehicle ahead brakes suddenly, the following vehicle receives an instant alert, enabling timely braking and preventing rear-end collisions. Real-time data exchange allows vehicles to react swiftly to hazards.

Modeling Software 150

Modeling Software Efficiency Optimization Software Logistics Network Optimization Software 150

Logistics Viewpoints

AUGUST 29, 2024

Traditional slotting solutions require customized models, extensive engineering, measurement, and data collection. Dynamic Slotting involves the use of software and algorithms to perform velocity and affinity analysis, in a real-time, ever adapting fashion, through the use of artificial intelligence and machine learning.

Waste Reduction 149

Waste Reduction Optimal Sourcing Sourcing Strategies Resource Reduction 149

Logistics Viewpoints

FEBRUARY 20, 2024

This article describes how to incorporate simulation techniques into optimization, build a stochastic optimization model, and end up with a more resilient supply chain model. Supply Chain Network Design Components SCND team’s first goal is to build a baseline model that represents the current state of the business.

Supply Chain Design Software 154

Supply Chain Design Software Sourcing Strategies Supply Chain Design Inventory Reduction 154

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 4, 2024

Another example of data normalization is accounting for lost sales due to stockouts or waste of perishable products due to overstocking of inventory. For example, the demand for the Chocolate Peanut Butter Cup will behave much more similarly to the flavor of Chocolate than Rainbow Sherbert. Wouldn’t it be cool to know within minutes?

Scenario Planning 156

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 156

Logistics Viewpoints

FEBRUARY 28, 2022

Lead times, for example, are a critical form of master data for planning purposes. In process industries the supply chain models used for optimization are much more complex than those used in other industries. The processing units in an oil refinery, for example, operate at high temperature and high pressure.

Supply Chain Planning Software 178

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 178

Logistics Viewpoints

JUNE 8, 2022

I tend to use time series analysis as an anchor to my forecast, as I suspect many of you do. For example, in a recent CNBC interview Ben Bernanke noted that the Federal Reserve likely looked at the unemployment rate and total employment in early 2021 and inferred that there was plenty of slack in the labor market. Final Word.

Scenario Planning 148

Scenario Planning Analysis Events Purchasing Skills 148

Logistics Viewpoints

FEBRUARY 22, 2022

Here are just a few examples of leveraging data to enable modern transportation orchestration: Do you need rapid and accurate evaluation of different transportation options? How about your need for a seamless corporate transportation analysis? Analyze and track your carbon footprint using logistics data.

Data 114

Data Logistics Network Optimization Software Supply Chain Planning Software Cost Reduction 114

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. Impact ESG at the point of decision Move from passive reporting to active impact.

Supply Chain Design Software 156

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Optimal Sourcing 156

Stord

JANUARY 7, 2019

The Wall Street Journal’s recent analysis of retailers’ logistical challenges highlights the appeal and success of alternative solutions to traditional warehousing in retail and beyond. All of these factors are stressors on traditional warehousing models. We’ve rounded up the key insights from the article below.

Inventory Reduction 78

Inventory Reduction Price Reduction Supply Chain Planning Software Supply Chain Software 78

Logistics Bureau

MAY 31, 2021

For example: Compared to selling a product in-store, the cost to deliver that same item as a small parcel can be several times higher. The above examples reflect costs that include picking, packing, and last-mile delivery. The list above is not exhaustive but merely provides some notable examples of cost drivers.

Cost Reduction 117

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 117

247 Customs Broker

AUGUST 20, 2018

LLamasoft has developed a maturity model related to supply chain design solutions. Developing a maturity model, however, is not for the faint of heart. A maturity model involves a structured framework for assisting companies with some aspect of their business operations. Their maturity model is also quite detailed.

Supply Chain Design Software 28

Supply Chain Design Software Supply Chain Design Modeling Software Supply Chain Planning Software 28

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The supply chain design solution, for example, continues to grow in depth and usability. I see no evidence that less money is being invested in product development.

Supply Chain Design Software 134

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 134

Logistics Viewpoints

SEPTEMBER 18, 2024

Major automation companies were considered in the analysis by exploring their value proposition in terms of what hardware, software, and services they provide to the industry. Honeywell UOP, for example, offers their own advanced OpCycle Process, which introduces a revolutionary plastics recycling technology to drive a circular economy.

Supply Chain Planning Software 134

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Modeling Software 134

Logistics Viewpoints

MARCH 8, 2021

For example, go to the Walmart, turn right, and it is the third house on the left. On top of this cost network model, the solution allows for various scenarios to be kept and compared. LLamasoft has developed a supply chain design maturity model. This maturity model is quite detailed. Logistics can be a challenge.

Supply Chain Design Software 171

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 171

Trinity Logistics

AUGUST 22, 2024

Common Forms of AI Computer Vision Face recognition is one example of Computer Vision. Common applications include facial recognition, object detection, medical image analysis, and autonomous vehicles. Machine Learning (ML) Predictive analytics is one example of Machine Learning. Deep Learning is a subset of machine learning.

Modeling Software 91

Modeling Software Optimization Software Optimal Sourcing Logistics Network Optimization Software 91

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. Of those organisations that are using technology, 85% are utilising predictive analysis.

Supply Chain Planning Software 58

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling Software 58

Logistics Bureau

NOVEMBER 14, 2018

Too much leads to resources being monopolised on gathering tons of data and a subsequent risk of “paralysis by analysis” Cost to Serve (CTS) is an approach that helps you avoid both extremes. The tools for determining Cost To Serve include standard spreadsheet applications, such as MS Excel, and network design modeling software.

Purchasing Skills 90

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 90

10xLogistics

FEBRUARY 22, 2013

I wrote back in January, embedded in another article about why people should do "should cost" modeling prior to negotiating rates. This has caused me to do a lot more thinking about this topic and after doing some analysis I have come to the realization this is the best way to get to what the true cost of freight should be.

Negotiating Skills 54

Negotiating Skills Cost Reduction Modeling Negotiate Pricing 54

The Logistics of Logistics

APRIL 26, 2022

Michelle Sodomka, a Senior Director in charge of Open Sky Group ’s transportation management practice has 15 years’ experience in risk analysis and mitigation within the logistics industry. Shippers would access autonomous freight capacity in a service model and pay for this on a per mile basis.

Logistics Network Optimization Software 221

Logistics Network Optimization Software Freight Trucking Supply Chain Planning Software 221

SYSPRO Smarter ERP

NOVEMBER 8, 2021

For example: Japan earthquake 2016. 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. Supply chain disruptions. US-China trade war 2018. Suez Canal blockage 2021.

Supply Chain Planning Software 116

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

Logistics Viewpoints

APRIL 3, 2023

For example, a suggestion from the system might be to transfer 96,154 units of a stock keeping unit to a distribution center in Denver to fill a projected backorder. Even if a company does a pareto analysis and addresses 80% of the exceptions, that 20% of issues unaddressed leaves a lot of money on the table.

Supply Chain Planning Software 169

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 169

Logistics Viewpoints

MAY 13, 2024

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. And to provide accurate answers, the data must be trained on large language models specific to a particular domain. What Coupa has is really unique.

Procurement Solutions 146

Procurement Solutions Modeling Software Procurement Analytics Logistics Network Optimization Software 146

Logistics Business Magazine

OCTOBER 3, 2023

Consulting is well known for its market leading cost to serve analysis, benchmarking, strategic design and operational efficiency solutions. A new model for a new world Bringing the two businesses together as a single, integrated business with shared goals and objectives, opens the door to a whole new world for customers.

Sourcing Strategies 49

Sourcing Strategies Supply Chain Software Supply Chain Design Cost Reduction 49

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 160

Optimization Software Supply Chain Design Software Modeling Software Digital 160

Logistics at MPEPS at UPV

APRIL 26, 2022

The exponential impact of e-commerce on traditional, brick-and-mortar retailers, is one good example of how the data-driven revolution is sweeping many sectors of the economy and business operations nowadays. Big-data-driven predictive modeling serves as the catalyst for route optimization.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Data 52

Blue Grace Logistics

JULY 27, 2021

Approaching a demand analysis with historical data and seasonal variations is no longer competent. Brand identity, interactive marketing campaigns and differential lifestyles complicate a perfect trend analysis model. Simple Examples of Predictive Analytics. Every step of the way can use predictive analysis.

Procurement Analytics 62

Procurement Analytics Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62