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 124

Inventory Reduction Inventory Optimization Modeling Optimization Software 124

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 186

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

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 Inventory Optimization Modeling 98

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

FreightWaves SONAR

FEBRUARY 4, 2021

Optimizing truckload freight spend is essential in today’s freight market. Using FreightWaves SONAR’s DHL Pricing Power Index (DHLPPI.USA) allows for the weekly analysis of pricing power between shippers and carriers based on the conditions of the current freight market. Know when to initiate renewed RFP processes.

Optimization Software 98

Optimization Software Negotiate Pricing Negotiating Skills Optimization Modeling 98

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? On top of this cost network model, the solution allows for various scenarios to be kept and compared. In 2018, they implemented a LLamasoft inventory optimization solution.

Supply Chain Design Software 170

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

The Logistics of Logistics

MAY 9, 2022

Mode optimization automatically included in each quote. 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).

Optimization Software 195

Optimization Software Freight Modeling Software Price Reduction 195

The Logistics of Logistics

JULY 2, 2021

Mode optimization automatically included in each quote. 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).

Freight 195

Freight Optimization Software Price Reduction Modeling Software 195

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

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

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 159

Optimization Software Supply Chain Design Software Modeling Software Digital 159

Logistics Viewpoints

APRIL 5, 2023

ARC Advisory Group, where I work, publishes an analysis of the 25 manufacturers with the most mature digital transformations. Predictive analytics is used significantly more than artificial intelligence to optimize, as 35 percent are using predictive analytics compared to 17 percent for artificial intelligence.

Digital 163

Digital Supply Chain Software Supply Chain Design Software Logistics Network Optimization Software 163

Logistics Viewpoints

JUNE 8, 2023

However, advancements in technology have made it possible for any company to automate and optimize their last-mile delivery operations. The High Cost of Ignoring Delivery Optimization Failing to utilize technology for optimizing delivery processes comes with a steep price.

Modeling Software 135

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

Locus

OCTOBER 5, 2021

With the supply chains of all businesses going through a transformational shift, it is important for them to make tough decisions concerning logistics models. After the pandemic hit, flexible logistics models helped businesses to easily penetrate into dense urban markets at economical costs. What is fixed logistics?

Modeling Software 52

Modeling Software Optimization Modeling Modeling Supply Chain Planning Software 52

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

TransAudit

JUNE 27, 2023

Machine learning presents a solution by optimizing the flow of products from one location to another. This optimization reduces costs associated with inventory holding, improves quality, minimizes waste, and ensures products arrive in the marketplace just in time, thereby enhancing overall operational efficiency.

Optimal Sourcing 68

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 68

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 119

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

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 139

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimization Software 139

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. Using supply chain design to help time the investment and select the optimal location is a perfect use case. The use cases just keep expanding.

Supply Chain Design Software 134

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

Logistics Viewpoints

DECEMBER 4, 2023

More advanced solutions include real-time transportation visibility, route optimization, and telematics. Around 80% of LSPs and 68% of shippers cited the cost/ROI analysis as the biggest challenge for transportation transformations. 68% of LSPs and 56% of shippers have invested in these more advanced transportation solutions.

Modeling Software 152

Modeling Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 152

Logistics Viewpoints

SEPTEMBER 22, 2022

Supply Chain Design: A process where nodes, modes, flows, and policies driving a supply chain are defined, reviewed, optimized, and aligned to business objectives. Continuous Design: Continuous design is the development and ongoing refinement of optimal supply chain structures, policies, and flows.

Supply Chain Design Software 126

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Exercises 126

Talking Logistics

SEPTEMBER 11, 2017

In such a scenario, what is the optimal way to load these trailers and route the deliveries? When you consider that large grocery retailers and distributors have hundreds or thousands of trucks, along with thousands of pickup and delivery locations, the route optimization problem becomes, well, truly mind-boggling!

Optimal Sourcing 64

Optimal Sourcing Optimization Modeling Optimization Software Optimization 64

ShipLilly

JUNE 23, 2021

Maintenance is carried out at optimal stages rather than following a timetable that may be written without any insight into when and how a piece of equipment is going to break down. Function 2: Optimizing manufacturing processes. Companies are optimizing their manufacturing processes through artificial intelligence.

Optimal Sourcing 87

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

Logistics Viewpoints

MARCH 17, 2022

The same survey indicates that 50% of the retailers are unhappy with their existing technology solutions and are looking to enhance or replace them to bring more diagnostic and predictive capabilities, including: Current demand vs. forecast analysis and rebalancing. Network cost modeling. Self-learning models provide modeling agility.

Supply Chain Planning Software 182

Supply Chain Planning Software Modeling Software Optimization Software Scenario Planning 182

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.

Optimization Software 51

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

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. So, models for heavy process industries often include first principle parameters.

Supply Chain Planning Software 178

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

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. The role of AI in decision intelligence extends to both optimizing decision-making and enacting those decisions.

Scenario Planning 154

Scenario Planning Supply Chain Planning Software Sourcing Strategies Optimal Sourcing 154

Logistics Viewpoints

APRIL 11, 2023

This approach was suitable for a time where disruptions were rare, supply and demand variability were limited, and the supply chain was optimized to lower costs and low complexity. Capabilities you should be looking to real world data modeling. Mathieu Linder is Vice President at Blue Yonder Inc.

Supply Chain Planning Software 135

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

SYSPRO Smarter ERP

JULY 2, 2024

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 and DL are mainly used in data analysis, classification, clustering, and ranking. ML models learn from data.

Supply Chain Planning Software 105

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

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. Your fulfillment center or 3PL should be able to give you this cost or make it easy to find in a few clicks.

eCommerce 105

eCommerce Operations Inventory Reduction Modeling Software 105

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

AUGUST 14, 2024

Processing and Analysis: Each vehicle processes received data to assess potential collision risks. Advanced analytics and machine learning can identify patterns, predict hazards, and optimize traffic flow. Real-time data analysis supports proactive maintenance, minimizing vehicle downtime and extending component lifespan.

Modeling Software 149

Modeling Software Efficiency Optimization Software Logistics Network Optimization Software 149

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

Logistics Viewpoints

FEBRUARY 22, 2022

Data is the enabler that allows companies to meet these changing market dynamics through optimal transportation orchestration. How about your need for a seamless corporate transportation analysis? Organizations realize the need for agility to pivot their logistics operations quickly, allowing them to meet new market conditions.

Data 113

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

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

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 155

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Optimal Sourcing 155