Logistics Viewpoints

FEBRUARY 20, 2024

Optimization and simulation are the two main branches of SCND. Optimization accounts for over 90% of all work that is being done by SCND teams. 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 Design Software 124

Supply Chain Design Software Sourcing Strategies Supply Chain Design Inventory Reduction 124

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Yet, due to inadequate physical and digital infrastructure, many manufacturers lacked the flexibility they needed to take advantage of accelerated demand and were unable to optimize fulfillment. Manufacturers can use forecasting to support inventory optimization. Legacy systems:? Managing Inventory.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 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

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

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

AIMMS

DECEMBER 1, 2016

Analytics: empowering users with transparent prescriptive analytics (optimization) capabilities to generate scenarios and solutions automatically. A modeling and analytics environment like AIMMS allows companies to overcome these limitations. essence of the company’s business planning process. Overcoming the 5 dysfunctions.

Supply Chain Planning Software 103

Supply Chain Planning Software Optimization Software Modeling Software Optimal Sourcing 103

Logistics Viewpoints

MARCH 1, 2021

Once the analysis was done for Year One set up, Year Two was pretty much the same. What PMI needed, considering the long planning horizons, was a digital and analytics network design and supply optimization tool. The tool was able to create a model going out multiple years. It was predictable.

Supply Chain Design Software 112

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 112

Logistics Viewpoints

MARCH 8, 2021

The solution can answer questions like where should new production or distribution capacity be located to optimally accommodate anticipated growth in demand? How will total landed costs be impacted by adding a new supplier? How do we best handle surging transportation costs? This maturity model is quite detailed.

Supply Chain Design Software 128

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

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

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

SYSPRO Smarter ERP

JULY 2, 2024

This blog discusses how manufacturers can start making AI a reality. How does AI work? AI is a term for computing capabilities that are perceived as representing intelligence, including image and video recognition, prescriptive modelling, smart automation, advanced simulation, and complex analytics. ML models learn from data.

Supply Chain Planning Software 105

Supply Chain Planning Software Modeling Software Optimization Software Supply Chain Design Software 105

Logistics Viewpoints

FEBRUARY 22, 2022

Meeting today’s logistics challenges of the three C’s – customer service, carbon, and cost – companies are not just looking at gathering data, but also how to better interpret and understand this data, and then use it to drive additional value. How about your need for a seamless corporate transportation analysis?

Data 104

Data Logistics Network Optimization Software Supply Chain Planning Software Cost Reduction 104

WorkWave

JULY 28, 2024

Market Analysis: Conduct a thorough market analysis to identify the target market, competition, and industry trends. Utilize search engine optimization (SEO) techniques to improve visibility in search engine results — more on this in step nine! Explain the purpose, vision, and mission of the company.

Material Savings 93

Material Savings Optimization Software Logistics Network Optimization Software Cost Reduction 93

Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. If you know how much your inventory costs to store, per unit, you can determine whether or not a more expensive forecasting technique is worth the potential savings in inventory costs.

eCommerce 105

eCommerce Operations Inventory Reduction Modeling Software 105

SYSPRO Smarter ERP

JANUARY 23, 2023

Because not all initiatives will succeed, a portfolio of initiatives must be managed, cutting and adding them over time as technologies advance, and new opportunities and business models arise. Rethink the operating model. ESG reporting and analysis Data is one of the most important requirements of an ESG program.

ERP 111

ERP Waste Reduction Optimal Sourcing Supply Chain Planning Software 111

Logistics Business Magazine

MARCH 19, 2024

UK-based robotics and data intelligence company Dexory is introducing a first of its kind, AI-powered logistics engine to help warehouses maximize operational efficiency, optimize inventory management, and enhance the overall warehouse agility and responsiveness. The new AI functionality unlocks the next level of intelligence in DexoryView.

Optimization Software 51

Optimization Software Supply Chain Design Software Supply Chain Planning Software Modeling Software 51

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 Bureau

JULY 18, 2022

Step 2: Gap Analysis – Customer Requirements and Supply Chain Trends. Now you know what your customers genuinely expect from your outbound and reverse supply chain, so it’s time to undertake a gap analysis. Inventory optimization software. Network modeling and optimisation software. Warehouse management systems (WMS).

Inventory Reduction 98

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 98

TransAudit

FEBRUARY 13, 2025

Lets explore the key elements of supply chain evolution, the challenges, and how to trade reaction for resilience. Use tools to automate root cause analysis and reduce dependency on manual reporting. Examples include: Labor Planning: Optimize workforce productivity based on real-time data. However, data quality remains critical.

Supply Chain Software 59

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

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. Best practices for supply chain optimization . Optimizing Your Supply chain network .

Optimal Sourcing 62

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

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

EazyStock

MAY 11, 2021

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 classification (otherwise known as ABC analysis ). 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.

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

The Logistics of Logistics

MAY 18, 2022

William shares how they transform data into critical actionable information that optimizes and powers operations throughout businesses. Tune in as they discuss the value of data and how organizations can use it not only descriptively but prescriptively as well. What matters is the output that comes out of our analysis.

Data 370

Data Modeling Software Supply Chain Design Software Optimization Software 370

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. Inventory management KPIs are important as they help analyze and track the performance of inventory management activities such as how stock is ordered, managed and turned. How to Choose Inventory Management KPIs. Managing inventory is a complex business. Backorder rate.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

AIMMS

DECEMBER 1, 2016

Analytics: empowering users with transparent prescriptive analytics (optimization) capabilities to generate scenarios and solutions automatically. A modeling and analytics environment like AIMMS allows companies to overcome these limitations. essence of the company’s business planning process. Overcoming the 5 dysfunctions.

Supply Chain Planning Software 62

Supply Chain Planning Software Optimization Software Modeling Software Optimal Sourcing 62

EazyStock

FEBRUARY 26, 2020

This is where inventory optimization comes in. Introducing inventory optimization methods to your inventory management practices ensures that supply and demand volatility is considered when setting your demand forecasts, stock levels and replenishment parameters. Ensuring Stock Availability with Inventory Optimization.

Availability 52

Availability How To Inventory Reduction Supply Chain Planning 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.

Inventory Reduction 105

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 105

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

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

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.

Inventory Reduction 98

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 98

GlobalTranz

SEPTEMBER 23, 2015

Thanks to data gathering programs, supply chain software , and data entry applications, this represents a mountain of data, which has the potential to provide ground-breaking insight into how to improve business-model efficiency. This includes risk analysis, detailed reports of how a supply chain functions, and even lead generation.

Supply Chain Design Software 108

Supply Chain Design Software Supply Chain Software Supply Chain Design Procurement Analytics 108

EazyStock

FEBRUARY 7, 2020

In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. Reducing stock levels to carry more lines (without accurate forecasting and inventory optimization tools) can lead to stockouts and expensive backorders or rush orders from suppliers.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

GlobalTranz

OCTOBER 6, 2017

Use Technology to Automate Data Capture, Analysis, and Action. Make Data-Based Decisions, Like Leveraging Data During Slotting Optimization. Automated data capture, analysis and action through automated systems also enables warehouse managers to make data-based decisions.

Cost Reduction 10

Cost Reduction Inventory Reduction Vendor Strategies Price Reduction 10

GlobalTranz

APRIL 20, 2021

Look for a TMS or a managed transportation services provider with the technological capability to provide real-time data to drive optimized decision-making. For example, GlobalTranz’s Cost Prediction Model provides intelligence on pricing and market trends via a live dashboard. Collaborate With Customers and Suppliers.

Supply Chain Planning Software 115

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

SYSPRO Smarter ERP

OCTOBER 20, 2021

This would make it almost impossible to identify any trends around things like customer preferences and demands, as well as to define the optimal future direction for your organization from a technology perspective if the organization only produced analogue data. You’ve probably travelled a fair way down this road already.

Digital 133

Digital Factories Supply Chain Planning Software Supply Chain Software 133

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