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Scenario Modeling Is Now Crucial for Supply Chain Network Design

AIMMS

How are companies leveraging scenario modeling for network design and optimization ? The good news is many of the survey’s respondents recognize the potential of more advanced optimization solutions. In the context of disruptions like COVID-19, scenario modeling can make considerable difference – Tweet this.

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Developing Agile Procurement Strategies: Thriving Amid Global Trade Disruptions

Logistics Viewpoints

Lets break it down with some examples that hit home: Supplier Diversification : Reflecting on the disruptions caused by the pandemic, companies heavily reliant on Chinese suppliers faced significant challenges. An automotive company I collaborated with conducted detailed modeling of potential tariff impacts on semiconductor supply chains.

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How Food & Beverage Manufacturers Can Optimize Production with an ERP System

SYSPRO Smarter ERP

The food and beverage industry is a dynamic, ever-evolving sector in which manufacturers are continuously seeking ways to optimize production and reduce costs in the face of shifting consumer demand and preferences. Optimizing production is essential to addressing these challenges. For example, review the systems scalability.

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Tata Steel Makes Strides Towards an Autonomous Supply Chain Powered by Optimization Technology

AIMMS

Today, the steel manufacturing leader has an ambitious digital transformation agenda and is leveraging AIMMS technology to optimize operations in its home country. I belong to this second division and work mostly on mathematical modeling, simulation and supply chain analytics. . When did you join Tata Steel? .

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AI and Machine Learning in Manufacturing ERP: Key Benefits

SYSPRO Smarter ERP

In manufacturing, performance improvement, cost reduction and process optimization are crucial. Given the recent developments in computing and the ability of AI models to learn and adapt, AI and ML will increasingly be used to improve efficiency, productivity, and creativity across manufacturing. What is AI and ML?

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6 Inventory Control Techniques for Stock Optimization

EazyStock

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. What is stock optimization? 6 Inventory Control Techniques to Optimize Stock Levels. Understand your demand.

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7 Cost Saving Tips Every Supply Chain Manager Should Know

3PL Links

Optimize Inventory Management Inventory often represents one of the largest expenses in a supply chain. By leveraging predictive analytics and a just-in-time (JIT) inventory model, you can maintain optimal stock levels, which reduces storage costs and cuts down on waste from unsold items.