Logistics Viewpoints

FEBRUARY 20, 2024

Supply chain network design (SCND) is a powerful tool for improving business operations. 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. It can be used to solve a wide variety of supply chain problems. But it has gaps.

Supply Chain Design Software 153

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

Logistics Viewpoints

SEPTEMBER 19, 2024

Additionally, software vendors continuously invest in tuning the performance of their algorithms and models. There is limited value to running an outdated process faster, and that value drops considerably when significant portions of the process run outside the enterprise tools.

Supply Chain Planning Software 141

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

FreightWaves SONAR

FEBRUARY 4, 2021

Optimizing truckload freight spend is essential in today’s freight market. Knowing the following key tactics and using the proper tools will help sustain long-term savings. Simultaneously, brokers may apply the index due to their unique blend of both shipper and carrier characteristics, depending on business model and demands.

Optimization Software 98

Optimization Software Negotiate Pricing Negotiating Skills Optimization Modeling 98

Logistics Viewpoints

MAY 11, 2023

The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. Simulation allows you to model hypothetical scenarios and physical changes without having to physically change the asset. Physical change (i.e.,

Optimization Software 159

Optimization Software Supply Chain Design Software Modeling Software Digital 159

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

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

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.

Modeling Software 68

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

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

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

MARCH 1, 2021

Once the analysis was done for Year One set up, Year Two was pretty much the same. The introduction of smoke-free products made the use of spreadsheet tools far less efficient in the capacity and sourcing planning as the new product categories had rapid growth. “We The tool was able to create a model going out multiple years.

Supply Chain Design Software 119

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

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. Coupa meets this definition.

Supply Chain Design Software 134

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

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.” Toyota Kata is not a problem solving tool. What About Root Cause Analysis?

Modeling Software 195

Modeling Software Optimization Software Analysis Tools 195

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

AIMMS

JUNE 25, 2019

When you finally have the analysis, everything’s changed, and the results are no longer relevant. Not all tools are equally data- hungry and some are easier to use than others. The technology should also allow for model changes on the fly to help you adapt to changing business conditions.

Supply Chain Design Software 22

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 22

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

SYSPRO Smarter ERP

APRIL 17, 2023

Unfortunately, without proper processing and analysis, this data is of little use to the organization. BI is a powerful tool that can help companies drive informed decisions, improve their planning processes, and maintain a competitive edge in the marketplace. This enables managers to take swift action and keep production on track.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Optimization Software 98

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

10xLogistics

MAY 14, 2024

Demand planning is a critical component of supply chain management that predicts customer demand to optimize inventory, ensure on-time deliveries, and manage production schedules efficiently. This integration allows for a more detailed analysis and better-informed decision-making processes. I will discuss that in my next post.

Supply Chain Planning Software 62

Supply Chain Planning Software Supply Chain Software Modeling Software Scenario Planning 62

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

MARCH 17, 2022

When my fiance heard about the price, he advised that I find a local hairdresser and set up a frequent-shopper account with them for a few months until the tool is back in stock. Network cost modeling. Self-learning models provide modeling agility. Automated forecasting processes. Data cleansing and data robustness.

Supply Chain Planning Software 182

Supply Chain Planning Software Modeling Software Optimization Software Scenario Planning 182

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. It is critical that supply chain design tools model real world complexity to effectively model the risks. are most exposed to risk?

Supply Chain Design Software 154

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

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. If a company can specialize in core competencies with AI tools, it creates a high barrier for another company to compete against.

Modeling Software 116

Modeling Software Optimization Software Logistics Network Optimization Software Cost Reduction 116

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.

eCommerce 105

eCommerce Operations Inventory Reduction Modeling Software 105

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

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

AIMMS

OCTOBER 22, 2019

The supply chain division fulfills 40,000 individual customer orders every day, making sure that 32,000 engineers get the tools, parts and equipment they need to deliver support and services. It has helped us dynamically optimize our engineer sources as we go. It has helped us dynamically optimize our engineer sources as we go.

Supply Chain Design Software 96

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Supply Chain Software 96

IoT World Today

MAY 21, 2020

Supply chain recovery hinges on incorporating robust data analytics and other data-driven tools into business operations to increase efficiency, reduce costs and proactively manage risk. Balaji said that the tool also enables the company to plug in factors such as geopolitical environment, natural disasters and so on.

Supply Chain Planning Software 145

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 145

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 102

Supply Chain Planning Software Supply Chain Software Supply Chain Design Software Modeling Software 102

Logistics Viewpoints

MARCH 4, 2021

Ensure that, somewhere along the way, data diagnostic tools will be used to check for missing and inconsistent data automatically. . Modeling the impact of weather events. Modeling impact of promotions and campaigns. Optimizing supply and demand matching across the end-to-end supply chain. key customers and/or suppliers).

Supply Chain Planning Software 164

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 164

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.

Procurement Solutions 98

Procurement Solutions Inventory Reduction Inventory Supply Chain Planning Software 98

Log-hub

MAY 22, 2024

In today’s complex and interconnected global economy, managing supply chains has evolved into a sophisticated discipline that requires advanced tools and strategies. This blog post delves into the intricacies of multi-tier supply chain analytics and optimization, exploring its significance, methodologies, benefits, and challenges.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Material Savings Supply Chain Planning Software 52

Log-hub

MAY 22, 2024

In today’s complex and interconnected global economy, managing supply chains has evolved into a sophisticated discipline that requires advanced tools and strategies. This blog post delves into the intricacies of multi-tier supply chain analytics and optimization, exploring its significance, methodologies, benefits, and challenges.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Material Savings Supply Chain Planning Software 52

TransAudit

JULY 6, 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 52

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 52

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

AIMMS

DECEMBER 1, 2016

This makes S&OP implementation a difficult process, especially when it comes to finding the right tools. Typically, companies are looking for tools to tackle demand planning and forecasting. A modeling and analytics environment like AIMMS allows companies to overcome these limitations. image source: [link].

Supply Chain Planning Software 103

Supply Chain Planning Software Optimization Software Modeling Software Optimal Sourcing 103

Logistics Viewpoints

MARCH 21, 2021

P&G was able to leverage their digital tools to see what plants, supplier plants, and customer distribution centers were in the path of the storm. Supply chain design software requires scenario development and analysis to an even greater degree than other supply chain planning solutions. The pace of change continues to accelerate.

Supply Chain Planning Software 161

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 161

AIMMS

NOVEMBER 11, 2015

Around 2004 we started a project to migrate an existing tool for planning for the BP Petrochemical Aromatics business over to AIMMS. The ability to rapidly build a GUI around a model. The challenge increased after usage of models spread to additional locations. Now users don’t need local copies of AIMMS or our models anymore.

Optimal Sourcing 80

Optimal Sourcing AIMMS Supply Chain Planning Software Optimization Software 80