Logistics Bureau

NOVEMBER 12, 2024

Essential Steps to Using Warehouse Modeling Software for Design 1) Understand the Design Objectives and Constraints The first step in your review should be to determine and prioritise the objectives for your warehouse facility and operation. This helps you make informed decisions without risking disruptions to your physical systems.

Modeling Software 68

Modeling Software Supply Chain Design Software Supply Chain Planning Software Optimization Software 68

MTS Logistics

FEBRUARY 2, 2024

There are many different models that ensure success in any company, but for the purposes of simplicity, we have chosen one model: the 4 Ps of logistics (product, price, promotion, and place). Without it, there is no need for the 4Ps model. A fifth P for “people” is sometimes suggested as an add-on.

Modeling Software 90

Modeling Software Modeling Logistics Network Optimization Software Supply Chain Software 90

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. Access to latest features.

Supply Chain Planning Software 186

Supply Chain Planning Software Modeling Software Optimization Software Logistics Network Optimization Software 186

Logistics Viewpoints

MARCH 8, 2021

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. From a process perspective, an analysis is not enough. Decisions must be made based on a thorough quantitative analysis.

Supply Chain Design Software 170

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

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

SEPTEMBER 19, 2024

Additionally, software vendors continuously invest in tuning the performance of their algorithms and models. Planners spend considerable time preparing scenario planning and not the actual analysis. For impactful scenario planning, planners must spend time on analysis rather than collating data and manually creating scenarios.

Supply Chain Planning Software 141

Supply Chain Planning Software Scenario Planning Supply Chain Software Supply Chains 141

The Logistics of Logistics

DECEMBER 20, 2021

Our proprietary experience analysis methodology is known as Revenue@Risk Analysis. The Verde Group is a Customer Experience (CX) research consultancy specializing in measuring, tracking and improving the specific customer experiences statistically linked to growing revenue, market share, and customer life-time value (LTV).

Logistics Network Optimization Software 195

Logistics Network Optimization Software Modeling Software Groups Analysis 195

The Logistics of Logistics

JULY 27, 2022

To ensure that the Emerge team develop fruitful relationships, Mark insists upon a communication strategy that includes quarterly business reviews (QBR), reporting key performance indicators, root cause analysis, lead-time analytics, cost-down goals, etc. Emerge is hiring: Emerge Careers. Learn More About The Secret Sauce.

Logistics Network Optimization Software 281

Logistics Network Optimization Software Modeling Software Supply Chain Software Procurement 281

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 153

Supply Chain Design Software Sourcing Strategies Supply Chain Design Inventory Reduction 153

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

Logistics Viewpoints

APRIL 11, 2023

Limitations in modeling the real world Over the years products, consumers and markets have grown complex and this trend was accelerated by COVID-19 in terms how and where customers want to interact with brands and products. Capabilities you should be looking to real world data modeling.

Supply Chain Planning Software 135

Supply Chain Planning Software Scenario Planning Supply Chain Design Software Modeling Software 135

The Logistics of Logistics

MAY 9, 2022

Mode optimization has traditionally been promised, but not delivered because the analysis was completed by people who didn’t have the data or tools. In the new model, freight brokers won’t be rewarded financially for getting a big spread (cost of truck vs price to shipper). Mode optimization automatically included in each quote.

Optimization Software 195

Optimization Software Freight Modeling Software Price Reduction 195

The Logistics of Logistics

JULY 2, 2021

Mode optimization has traditionally been promised, but not delivered because the analysis was completed by people who didn’t have the data or tools. In the new model, freight brokers won’t be rewarded financially for getting a big spread (cost of truck vs price to shipper). Mode optimization automatically included in each quote.

Freight 195

Freight Optimization Software Price Reduction Modeling Software 195

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 Viewpoints

JUNE 8, 2023

Various factors, including industry, region, transaction amount, delivery model, customization, support, and modules purchased, all contribute to determining the cost to your business. This article explores different pricing models and the integration process, highlighting key considerations and potential challenges.

Modeling Software 135

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

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. In the first half of 2020, my European colleagues Florian Güldner and David Humphrey conducted a thorough scenario analysis to estimate the potential impact of the corona virus on automation markets and supply chains. Final Word.

Scenario Planning 147

Scenario Planning Analysis Events Purchasing Skills 147

Logistics Bureau

NOVEMBER 16, 2021

Cost to Serve reporting, analysis, and modelling has much to offer organisations of all kinds. But sadly, most businesses failed to understand it. Why is that? Related articles on this topic have appeared throughout our website, check them out: Omnichannel Retail and the Cost to Serve Online Customers.

Cost Reduction 104

Cost Reduction Case Study Study Analysis 104

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

FEBRUARY 28, 2022

In process industries the supply chain models used for optimization are much more complex than those used in other industries. So, models for heavy process industries often include first principle parameters. The AspenTech models combine the classic first principles approach with the modern pure data-driven approach.

Supply Chain Planning Software 178

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

FreightWaves SONAR

FEBRUARY 4, 2021

More money going out than is coming in is never a profitable business model. Where a supply chain is weak, analysis and advisory teams can fill in the gaps – seeing the correlations between data points and real-time load operations and profits highlights potential problem areas. The problem of deadheading in trucking.

Waste Reduction 98

Waste Reduction Data Expense Reduction Cost Reduction 98

AIMMS

FEBRUARY 2, 2024

AIMMS Math Program Inspector presents a visual and streamlined approach, empowering developers to comprehend and traverse models with ease.

AIMMS 62

AIMMS Analysis Presentation Modeling 62

Logistics Viewpoints

MARCH 1, 2021

Once the analysis was done for Year One set up, Year Two was pretty much the same. The tool was able to create a model going out multiple years. There was no need to change parameters or re-run models in any subsequent years. River Logic came back with a working and validated model in less than one week.

Supply Chain Design Software 119

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Supply Chain Software 119

Logistics Viewpoints

AUGUST 14, 2024

Processing and Analysis: Each vehicle processes received data to assess potential collision risks. Real-time data analysis supports proactive maintenance, minimizing vehicle downtime and extending component lifespan. This creates a network of interconnected vehicles sharing essential information with low latency.

Modeling Software 149

Modeling Software Efficiency Optimization Software Logistics Network Optimization Software 149

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

FEBRUARY 22, 2022

Logistics data allows companies to perform what-if scenario modeling to improve transportation planning efficiency and validate outsourced carrier operations without disrupting daily operational transport planning–resulting in streamlined operations and better productivity. Analyze and track your carbon footprint using logistics data.

Data 113

Data Logistics Network Optimization Software Supply Chain Planning Software Cost Reduction 113

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. MTBF and MTTR impact uptime and efficiency and are particularly important calculations for the company.

Digital 157

Digital Procurement Analytics Manufacturing Procurement Modeling Software 157

Logistics Viewpoints

SEPTEMBER 19, 2023

It is critical that supply chain design tools model real world complexity to effectively model the risks. There might be millions of possible combinations for adding lanes, changing modes, or consolidating volume, making it difficult for modelers to identify which scenarios will provide the highest cost savings.

Supply Chain Design Software 154

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 154

Logistics Viewpoints

DECEMBER 4, 2023

Around 80% of LSPs and 68% of shippers cited the cost/ROI analysis as the biggest challenge for transportation transformations. Understanding when this will roll out, how that roll-out might progress, and what specific autonomous driving model is likely to win in the market, are the biggest questions facing logistics executives.

Modeling Software 152

Modeling Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 152

The Logistics of Logistics

FEBRUARY 12, 2021

By building machine learning models that properly diagnose and label excursions, PAXAFE is uniquely positioned to leverage more granular, contextual data to accurately identify when, where and under which conditions future adverse events are likely to occur. About PAXAFE.

Expense Reduction 195

Expense Reduction Freight Supply Chain Software Modeling Software 195

Logistics Viewpoints

APRIL 13, 2020

Cost-benefit models say this was the right tradeoff. Because of social distancing, and the requirement for most Americans to stay home, we will have far fewer deaths from COVID-19. But our economy is also now in recession. Are the benefits from lives saved worth the costs in terms of jobs lost and the economy shrinking?

Modeling 169

Modeling Logistics Analysis 169

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

Logistics Bureau

MAY 31, 2021

Detailed cost-to-serve analysis can be complex and time-consuming, so it’s a good idea to break the task down by priority and target specific areas on which to concentrate. You will probably find, from your initial analysis, that your cost-to-serve follows the 80/20 rule. Why Modeling Makes Sense. Don’t Drown in Complexity.

Cost Reduction 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. It can be used to predict long-term trends or short-term (seasonal) demand, depending on the model you use. As the old “garbage in, garbage out” adage warns, your forecast is only as accurate as the data you input.

eCommerce 105

eCommerce Operations Inventory Reduction Modeling Software 105

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 158

Optimal Sourcing Supply Chain Software Supply Chains Data 158

The Logistics of Logistics

DECEMBER 29, 2020

can be created to serve as a sandbox for scenario analysis. Resiliency modeling and can address key supply chain issues. By creating one unified system, a holistic duplicate system or “Digital Twin”. Running supply chain simulations enable a quantitative approach to assess risk.

Supply Chain Planning Software 196

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Sourcing Strategies 196