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

Talking Logistics

MARCH 27, 2019

Optimization is a ubiquitous term in the supply chain and logistics industry. We all talk about how we need to optimize our operations. In practice, however, relatively few companies are using optimization technology, particularly in transportation. Why is transportation optimization key today? Types of optimization.

Optimization Software 101

Optimization Software Optimization Modeling Optimization Supply Chain Planning Software 101

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. An example is insight beyond your four walls to understand how tier one, two, three, etc.

Scenario Planning 155

Scenario Planning Supply Chain Planning Software Sourcing Strategies Optimal Sourcing 155

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

Bringg

MARCH 24, 2021

Supply chain optimization ensures a smoother process and a more successful business model focusing on efficiency and profit. What is supply chain optimization? . Optimizing this process allows it to function at peak efficiency. A good example of such a strategic decision could be choosing a warehouse’s location.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

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

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. The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream.

Supply Chain Design Software 155

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

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

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 160

Optimization Software Supply Chain Design Software Modeling Software Digital 160

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

ShipLilly

JUNE 23, 2021

There are examples of artificial intelligence being used to achieve these goals. For example, an online movie platform can prepare a recommended list for users based on their profile and previous behavioral patterns. Function 2: Optimizing manufacturing processes. This is done using sensors that work automatically.

Optimal Sourcing 87

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 87

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

Talking Logistics

SEPTEMBER 11, 2017

It is also my go-to example when I try to explain supply chain and logistics to my kids. “Do Take one of the questions above, for example: Can a single truck deliver multiple types of food products together or do they get delivered via separate trucks? Do you ever wonder how all of these foods and products got here,” I ask them.

Optimal Sourcing 63

Optimal Sourcing Optimization Modeling Optimization Software Optimization 63

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. <br>- Optimize transportation routes for reduced carbon footprint.

Supply Chain Design Software 156

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

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

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. Aspen Technology is very well established in the chemical industry as a software provider for process optimization.

Supply Chain Planning Software 134

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

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

EazyStock

FEBRUARY 1, 2021

In contrast: eCommerce inventory optimization is the art of predicting and managing supply and demand variables while undertaking inventory management processes. The objective of eCommerce inventory optimization is to have the right products in the right place at the right time – as efficiently and cost-effectively as possible.

Inventory Reduction 52

Inventory Reduction Optimization Software eCommerce Inventory 52

Logistics Viewpoints

FEBRUARY 22, 2022

Data is the enabler that allows companies to meet these changing market dynamics through optimal transportation orchestration. 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?

Data 114

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

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. UPS success case.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Data 52

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. Lead times, for example, are a critical form of master data for planning purposes.

Supply Chain Planning Software 178

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

Logistics Viewpoints

MARCH 8, 2021

For example, go to the Walmart, turn right, and it is the third house on the left. The solution can answer questions like where should new production or distribution capacity be located to optimally accommodate anticipated growth in demand? In 2018, they implemented a LLamasoft inventory optimization solution.

Supply Chain Design Software 171

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

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

EazyStock

JUNE 16, 2022

For example, navigation apps, facial recognition, smart assistants, and even robot vacuum cleaners at home use this smart tech. ML models teach themselves over time by analyzing trends and spotting anomalies and then offering predictive insights. For example, you can adjust the speed and volume of order processing to meet demand.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 52

Trinity Logistics

AUGUST 22, 2024

1960s Early Research and Optimism Early AI programs began to develop during this time. 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.

Modeling Software 91

Modeling Software Optimization Software Optimal Sourcing Logistics Network Optimization Software 91

Blue Grace Logistics

JULY 27, 2021

The importance of machine learning and intelligence combined with human touch for optimized decision making. 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.

Procurement Analytics 62

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

WorkWave

JUNE 27, 2024

For example, a major retail chain reported significant logistical challenges due to driver shortages during the peak holiday season. Technology Solutions Route Optimization Software Leveraging route optimization software like RouteManager helps maximize efficiency, reduce fuel costs, improve delivery times and much more.

Optimal Sourcing 92

Optimal Sourcing Supply Chain Planning Software Optimization Software Availability 92

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

SYSPRO Smarter ERP

DECEMBER 19, 2022

Then in the early 2000s, a new technology emerged, inventory optimization (IO), which could account for variability and multi-level activity in the supply chain and optimize inventory management policies using a statistical approach to manage both demand and supply variability. Inventory optimization. Challenges of IO and AI.

Inventory Reduction 105

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 105

SYSPRO Smarter ERP

MAY 2, 2024

The other emerging area around AI in ERP focuses on trend analysis and forecasting. Although machine learning models have been in place for some time, they are now becoming much more prevalent because of the high volumes of data in ERP systems. Examples of antifragile companies include Amazon, Netflix, Tesla and Alibaba.

ERP 59

ERP Supply Chain Planning Software Modeling Software Optimization Software 59

Locus

DECEMBER 7, 2021

A prime example is how governments in the Middle East have begun to rethink food security targets after the disruptions to their food supply chains. This factor would vary with the mode of transportation we choose and also how optimized our routing is. Risk management maturity model. Optimize sourcing decisions.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 52

SYSPRO Smarter ERP

DECEMBER 19, 2022

Then in the early 2000s, a new technology emerged, inventory optimization (IO), which could account for variability and multi-level activity in the supply chain and optimize inventory management policies using a statistical approach to manage both demand and supply variability. Inventory optimization. Challenges of IO and AI.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

Freightos

SEPTEMBER 18, 2024

Case in point, Ben Kozy, COO at Airspace, believes AI can redefine operational supply chain decision-making once these systems are incorporated into models that can truly evolve all opportunities. ” Bringing together systems and getting insights as an output isn’t only being used for operations.

Modeling Software 72

Modeling Software Logistics Network Optimization Software Optimization Software Supply Chain Software 72

The Lean Thinker

FEBRUARY 4, 2021

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.

Modeling Software 195

Modeling Software Optimization Software Analysis Tools 195

EazyStock

JUNE 24, 2020

Inventory optimization software is an important piece of the puzzle. In this four part blog series we discuss how inventory management teams can use inventory optimization to help deal with the impact of the Coronavirus in the medium and long term, focusing on demand forecasting, supplier management and inventory planning.

Inventory Reduction 98

Inventory Reduction Procurement Solutions Inventory Supply Chain Planning Software 98

Logistics Bureau

OCTOBER 9, 2023

In this post, we’re revisiting the topic with a more holistic approach, focusing on six factors that can make the difference between an optimal and suboptimal distribution network design. Indeed, careful attention to data in the preparation stage is indispensable for delivering a simple yet optimal design.

Supply Chain Design Software 91

Supply Chain Design Software Supply Chain Design Distribution Networks 91