Logistics Bureau

OCTOBER 10, 2022

Before we look at the barriers to optimal inventory and the possible ways to eliminate or overcome them, let’s be clear on what inventory optimisation means—because misconceptions do abound. But ultimately, it comes down to what you assess as optimal inventory performance for your organisation. 1: Service Levels.

Inventory Reduction 115

Inventory Reduction Inventory Optimization Modeling Optimization Software 115

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 Optimization Modeling Inventory 98

Logistics Viewpoints

NOVEMBER 6, 2024

Similarly, UPS uses its ORION system, which integrates real-time and historical data to optimize delivery routes, saving fuel and enhancing delivery reliability. Real-time route optimization allows fleets to adapt to dynamic conditions such as traffic and weather, minimizing fuel consumption and delivery delays.

Supply Chain Planning Software 140

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimization Software 140

FreightWaves SONAR

FEBRUARY 4, 2021

Optimizing truckload freight spend is essential in today’s freight market. As the world of transportation continues to evolve, shippers and logistics service providers (LSPs) are effectively utilizing certain methods along with modern data platforms to meet the demands of today’s supply chains. Request a SONAR Demo.

Optimization Software 98

Optimization Software Negotiate Pricing Negotiating Skills Optimization Modeling 98

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

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

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

Logistics Viewpoints

SEPTEMBER 16, 2022

This business model provides many advantages: Processing big data efficiently. Data can be easily used for various applications such as detailed monitoring and analysis of operations, planning, optimizing stocks and use of resources or preparing recorded master data for other locations. Rapid integration. Pay as you grow.

Supply Chain Planning Software 187

Supply Chain Planning Software Modeling Software Optimization Software Logistics Network Optimization Software 187

Logistics Viewpoints

JUNE 8, 2023

To meet these demands and ensure superior delivery experiences, retailers and carriers must leverage last-mile delivery technology. However, advancements in technology have made it possible for any company to automate and optimize their last-mile delivery operations.

Modeling Software 135

Modeling Software Optimization Software Supply Chain Design Software Logistics Network Optimization Software 135

Logistics at MPEPS at UPV

MAY 2, 2023

Logistics in Startups: Risks and Rewards Startups, typically characterized by their innovative business models and rapid growth potential, also encounter unique logistical challenges. Despite these differences, both SMEs and startups share a common interest in harnessing technology to optimize their logistics operations. Kshetri, N.

Supply Chain Software 52

Supply Chain Software Supply Chains Analysis Logistics Network Optimization Software 52

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 114

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

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

MTS Logistics

SEPTEMBER 5, 2024

This model facilitates quicker and more effective delivery but also adds complexity to logistics and distribution networks. Products now need to be distributed across various regions and countries, which requires optimization in storage, packaging, and transportation processes. E-commerce has also impacted transportation costs.

Optimal Sourcing 79

Optimal Sourcing Distribution Logistics Network Optimization Software Networks 79

Bringg

MARCH 24, 2021

To meet the new demand, companies will have to adjust their operations for greater efficiency, flexibility, and cost reduction. Supply chain optimization ensures a smoother process and a more successful business model focusing on efficiency and profit. What is supply chain optimization? . GlobalTranz ).

Optimal Sourcing 62

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

Logistics Viewpoints

AUGUST 15, 2024

Today’s supply chains are fraught with uncertainties across demand and supply yet are tasked with adding incremental value to their organizations while also meeting commercial, working capital and sustainability goals. The goal goes beyond minimizing losses to optimize operations in a way that drives profitability even during turbulent times.

Scenario Planning 155

Scenario Planning Supply Chain Planning Software Sourcing Strategies Optimal Sourcing 155

SYSPRO Smarter ERP

APRIL 17, 2023

Unfortunately, without proper processing and analysis, this data is of little use to the organization. This can lead to improved quality, reduced waste, and optimized production processes. By using BI within their ERP systems, manufacturers can optimize their processes, improve performance, and adapt to changing supply and demand.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Optimization Software 98

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 160

Optimal Sourcing Supply Chain Software Supply Chains Data 160

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. Coupa meets this definition. Using supply chain design to help time the investment and select the optimal location is a perfect use case.

Supply Chain Design Software 134

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

Logistics Viewpoints

SEPTEMBER 18, 2024

There are also other leaders focused on specific solutions which we believe are critical as well. Value and process of Champions Radar The Champions Radar aims to map solutions provided by companies to meet specific market needs, helping end users identify suitable providers and highlighting market leaders.

Supply Chain Planning Software 134

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

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

WorkWave

JUNE 27, 2024

Despite offering higher wages and bonuses, they struggled to meet delivery deadlines, resulting in customer complaints and loss of sales. While essential for safety, these regulations reduce the number of active driving hours, necessitating more drivers to meet delivery demands. These increased costs are often passed on to consumers.

Optimal Sourcing 92

Optimal Sourcing Supply Chain Planning Software Optimization Software Availability 92

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 120

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 120

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

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. Complete one-on-one meetings.

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

CLX Logistics

FEBRUARY 22, 2024

From optimizing operational efficiency to maximizing cost savings, organizations must navigate a complex landscape of competing priorities and evolving market dynamics. Organizations leverage AI-powered tools to automate routine tasks, extract actionable insights from large datasets, and optimize real-time procurement strategies.

Optimal Sourcing 52

Optimal Sourcing Procurement Negotiating Skills Supply Chain Software 52

EazyStock

AUGUST 28, 2023

By harnessing the power of data, EazyStock’s advanced functionality enables businesses to make smarter decisions, anticipate demand, and optimize stock levels, enhancing efficiency and profitability. As a cloud-based inventory optimization solution, EazyStock connects to your enterprise resource planning (ERP) or existing business system.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

EazyStock

JUNE 16, 2022

ML models teach themselves over time by analyzing trends and spotting anomalies and then offering predictive insights. Inventory management teams have the difficult task of calculating healthy stock levels to meet demand without over- or under-stocking. What is machine learning? Using AI to improve demand forecasting.

Supply Chain Software 52

Supply Chain Software Optimization Software Supply Chains Inventory Reduction 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

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

AIMMS

FEBRUARY 2, 2015

An analysis leveraging sales data and geographical lifecycle indicators classified inventory into three major segments: Dead stock – simply an (unwelcome) snapshot of stock that has no buyer without deep discounting. So build your hypothesis, crunch the numbers, provide your evidence and produce analysis that once seen, cannot be ignored.

Optimization Modeling 84

Optimization Modeling Optimization Software Optimization Supply Chains 84

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

Log-hub

SEPTEMBER 17, 2024

Along with this, we will also cover the significance of inventory policies, types, and various other aspects to help you optimize your inventory management in the right way.  Table of Contents What Are Inventory Policies? How Does It Help in Demand Planning and Inventory Optimization?

Inventory Reduction 40

Inventory Reduction Supply Chain Planning Software Inventory Scenario Planning 40

Logistics Viewpoints

MARCH 17, 2022

According to data from a recent research survey, the following were on top of the supply chain headaches not addressed by their current systems: Supply shortages due to supplier’s inability to meet expected performance targets. Network cost modeling. Self-learning models provide modeling agility. Response to disruptions.

Supply Chain Planning Software 182

Supply Chain Planning Software Modeling Software Optimization Software Scenario Planning 182

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.” You Cannot Meet a Challenge Without Working on Stability. What About Root Cause Analysis?

Modeling Software 195

Modeling Software Optimization Software Analysis Tools 195

SYSPRO Smarter ERP

JUNE 21, 2022

Making the situation worse, trucking companies haven’t been able to hire back enough drivers to meet demand. The analysis is mostly on point; however, the blame does not lie with Lean. T he goal is to have the minimum amount of inventory on hand (plus a safety stock) to meet demand. .

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Software Supply Chains Optimization Software 105

Logistics Viewpoints

JUNE 26, 2023

In terms of finding a 4PL solution provider, Mars wanted a company that could engage in truck loading and route optimization, and schedule shipments into and out of their warehouses. The stock rebalancing skill is designed to enable Mars to optimize DC to DC shipments. The analysis was not all that accurate.

Supply Chain Planning Software 138

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 138