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 156

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

Logistics Viewpoints

SEPTEMBER 19, 2024

Additionally, software vendors continuously invest in tuning the performance of their algorithms and models. For example, running a batch process that now takes 8 hours instead of 12 does not translate into supply chain agility. Planners spend considerable time preparing scenario planning and not the actual analysis.

Supply Chain Planning Software 143

Supply Chain Planning Software Scenario Planning Supply Chain Software Supply Chains 143

MTS Logistics

AUGUST 7, 2024

The model that Gemini will be using is called the “hub and spoke” model which is used widely in different industries. The “hub and spoke” model uses a central location as a hub with a number of spokes leading out from that hub, as can be seen in the below chart. The push for 90% is quite ambitious.

Modeling Software 75

Modeling Software Modeling Sourcing Strategies Supply Chain Software 75

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 149

Scenario Planning Analysis Events Purchasing Skills 149

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 159

Digital Procurement Analytics Manufacturing Procurement Modeling Software 159

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 99

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 99

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 155

Supply Chain Design Software Sourcing Strategies Supply Chain Design Inventory Reduction 155

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 156

Scenario Planning Supply Chain Planning Software Sourcing Strategies Optimal Sourcing 156

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

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 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

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

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 112

Supply Chain Software Logistics Network Optimization Software Modeling Software Supply Chains 112

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 151

Modeling Software Efficiency Optimization Software Logistics Network Optimization Software 151

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 105

eCommerce Operations Inventory Reduction Modeling Software 105

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 115

Data Logistics Network Optimization Software Supply Chain Planning Software Cost Reduction 115

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 116

Modeling Software Optimization Software Logistics Network Optimization Software Cost Reduction 116

The Lean Thinker

FEBRUARY 4, 2021

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?)

Modeling Software 195

Modeling Software Optimization Software Analysis Tools 195

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 150

Waste Reduction Optimal Sourcing Sourcing Strategies Resource Reduction 150

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

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 157

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Optimal Sourcing 157

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.

Price Reduction 78

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

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 136

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 136

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 170

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 170

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

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

WorkWave

DECEMBER 2, 2024

Businesses can utilize advanced algorithms and machine learning models to predict demand and route performance under varying conditions. This predictive modeling allows businesses to proactively adjust their delivery strategies, ensuring that they allocate resources efficiently and meet customer expectations.

Optimal Sourcing 105

Optimal Sourcing Cost Reduction Resource Reduction Waste Reduction 105

AIMMS

JULY 15, 2019

A great example of this is one of our customers, a Europ ean chemical company with $300M in annual revenue who is growing fast and was ready to move from spreadsheets to something more robust. The extensively used National Energy Model is just one of them. . A focus on Digital Twins .

Supply Chain Planning Software 107

Supply Chain Planning Software Scenario Planning Modeling Software Gartner 107

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

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

Logistics Viewpoints

MARCH 6, 2023

For example, while GEON has over 2000 customers, initially they are manually building forecasts for 600 customers and 1200 ship-to locations. The improved costing information will then be used to improve the supply chain planning model. This will lead to a living model that over time gets deeper and more accurate.

Supply Chain Planning Software 159

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 159

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 147

Procurement Solutions Modeling Software Procurement Analytics Logistics Network Optimization Software 147

Logistics Viewpoints

JANUARY 26, 2021

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. A Positive Example.

Supply Chain Software 169

Supply Chain Software Supply Chain Planning Software Definition Supply Chains 169

Logistics Viewpoints

MARCH 21, 2021

As the P&G example shows, effective collaboration within the broader organization and across partners and customers becomes a key success factor. Supply chain design software requires scenario development and analysis to an even greater degree than other supply chain planning solutions.

Supply Chain Planning Software 163

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 163

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

IoT World Today

MAY 21, 2020

To reduce costs and shipping delays, and to optimize inventory, manufacturers like his need to know precisely when, for example, to manufacture boxes that its retailer customer will use to ship the products it sells. But those new sourcing strategies must be informed by an accurate data platform that can conduct risk analysis.

Supply Chain Planning Software 145

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

AIMMS

SEPTEMBER 17, 2019

Suddenly, the models we needed to support decision-making no longer fit. The maintenance contract we had covered support for bugs in the current model or issues with the software, but it didn’t cover building an entirely new model. We were dependent on the vendor’s consultants to make changes to our model.

Supply Chain Design Software 102

Supply Chain Design Software Modeling Software Supply Chain Software Supply Chain Design 102

Logistics Viewpoints

MARCH 4, 2021

Examples of building intelligence in your processes: Automating product segmentation based on multiple dimensions including revenue, demand variability, supplier lead-times to manage different service level targets. Modeling the impact of weather events. Modeling the impact of weather events.

Supply Chain Planning Software 165

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 165