Logistics Viewpoints

APRIL 22, 2024

Causal AI utilizes sophisticated causal models to make decisions on multiple levels. A causal model graph represents a network of interconnected entities and relationships, enabling the system to understand how various factors influence each other to create an optimized outcome. Of course, getting a promise right is vital.

Optimal Sourcing 152

Optimal Sourcing Supply Chain Planning Software Modeling Software Optimization Software 152

The Lean Thinker

MAY 27, 2020

It creates the illusion of complete awareness of the things around us when, in reality, we are simply aware of a model our brains have constructed of what we perceive to be there. How many opportunities to they have to make a mistake every day… every hour… in the course of their work? They are experts at what they do.

Buyer Training 269

Buyer Training Trucking Examples Video 269

Logistics Viewpoints

JUNE 6, 2022

Transportation is, of course, a major source of green house emissions. Much additional detail needs to go into the model for more precise estimates.”. For example, Oracle is using average emission from a 5-ton truck, or a bulk tanker. Transportation Modeling Can be Used to Reduce Emissions.

Cost Reduction 150

Cost Reduction Price Reduction Supply Chain Planning Software Scenario Planning 150

Logistics Viewpoints

AUGUST 19, 2024

The circular economy is a model that involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products as long as possible. The apparel industry is a prime example. Businesses, of course, seek to maximize profits. A prime example of a fast fashion brand is Zara.

Waste Reduction 159

Waste Reduction Supply Chain Design Material Savings Waste 159

Logistics Viewpoints

APRIL 27, 2023

For example, monthly subscription fees, any software support charges, and data migration fees. Licensing and Pricing Most WMS systems are either under perpetual licensing or operate on a subscription model that typically has a monthly fee. industrial handhelds, and mobile units you have and what your operations will need.

Supply Chain Planning Software 135

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

Logistics Viewpoints

NOVEMBER 11, 2024

In the supply chain arena, the need to make course corrections is exploding. Developing Models : Building and scaling AI models in a manner that ensures they are reliable and understandable. The agent selectively pushes data to the Aera data model.” Those models can be big or small and simple or complex.

Supply Chain Planning Software 147

Supply Chain Planning Software Modeling Software Optimization Software Supply Chain Software 147

Logistics Viewpoints

MARCH 20, 2023

The supply chain planning market got started when supply chain models were put into in-memory databases in the early 1990s. The Power of Flexible Modeling Based on their background, o9’s cofounders understood the strengths and weaknesses of existing planning technology. A very powerful modeling framework was required.”

Supply Chain Planning Software 140

Supply Chain Planning Software Modeling Software Procurement Solutions Supply Chain Software 140

Logistics Viewpoints

NOVEMBER 4, 2024

Machine Learning occurs when a machine takes the output, observes its accuracy, and updates its model so that better outputs will occur. Reinforcement Learning is a form of machine learning that lets AI models refine their decision-making process based on positive, neutral, and negative feedback.

Supply Chain Planning Software 167

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 167

The Lean Thinker

AUGUST 31, 2022

Our operating system) is, by our own model, the “Operational Excellence” pillar of (our business system). Classes and Courses ? The vast majority of our teaching should be experiential, and based in real-world situations, solving actual problems vs. examples and contrived exercises. Kaizen tools included.

Events 44

Events Modeling Software Workshop Buyer Training 44

Logistics Viewpoints

SEPTEMBER 6, 2023

The authors then describe the progress necessary for something like anticipatory shipping to change business models. Of course, the progress of Amazon Prime over the last decade has leveled the playing field quite a bit. Expedited shipping could reduce shipping wait times, but with a substantial cost increase.

Inventory Reduction 158

Inventory Reduction Purchasing Skills Cost Reduction Modeling Software 158

Logistics Business Magazine

JUNE 9, 2022

Recent models such as the Combi-XLE and now the Combi-FSE focus on heavier duty application for industry sectors such as timber, steel, tubes & pipes and builders merchants. The attributes of this new model will also greatly benefit companies in other industries who deal with extremely oversized, heavy or bulky loads.

Modeling Software 61

Modeling Software Modeling Logistics Network Optimization Software Material Savings 61

Logistics Viewpoints

JANUARY 1, 2024

A customer can of course buy goods in a store. For an online order that needs to be delivered within 24 hours, for example, the rule might state that the goods should be shipped to the consumer from the closest location. They can also order online and have goods shipped to their home. Rules were used to make these decisions.

Optimization Software 143

Optimization Software Optimization Modeling Optimization Ordering 143

Logistics Viewpoints

JANUARY 22, 2024

A customer can of course buy goods in a store. For an online order that needs to be delivered within 24 hours, for example, the rule might state that the goods should be shipped to the consumer from the closest location. This meant that retailers were not maximizing their profitability. Rules were used to make these decisions.

Supply Chain Software 157

Supply Chain Software Supply Chains Optimization Software Modeling Software 157

Ship Monk

FEBRUARY 9, 2024

Of course, the more data you need and the more sophisticated your methods are, the more expensive demand forecasting becomes. For example, if you’re introducing a new product and there are no similar products to draw historical data from, qualitative research is a must to reduce risk.

eCommerce 105

eCommerce Operations Inventory Reduction Modeling Software 105

Material Handling and Logistics

DECEMBER 6, 2018

Servitization offers a new business model that shifts a company’s emphasis from what it makes to what it can offer customers. Servitization is a business model in which a machine (i.e., For example, a public warehouse forklift user could be charged a fee of $3.75/ton A New Business Model. break/fix) and improve (i.e.,

Logistics Network Optimization Software 100

Logistics Network Optimization Software Optimal Sourcing Optimization Modeling Modeling Software 100

Material Handling and Logistics

OCTOBER 30, 2018

Successful procurement leaders are operating smarter by leveraging analytics and technology such as integrated suites to generate clean data (at least if they have a unified data mode) and master data management solutions for addressing issues in back end systems, cleaning and normalizing suppliers’ records, for example. How do you do that?

Optimal Sourcing 166

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 166

AIMMS

JULY 15, 2019

A great example of this is one of our customers, a Europ ean chemical company with $300M in annual revenue who is growing fast and was ready to move from spreadsheets to something more robust. The extensively used National Energy Model is just one of them. . Analytics will play an increasingly important role in S&OP .

Supply Chain Planning Software 107

Supply Chain Planning Software Scenario Planning Modeling Software Gartner 107

Logistics Viewpoints

OCTOBER 24, 2024

At one of the demo booths, what stood out was the ability of the procurement solution to track savings leakage over the course of a contract. SCCN solutions allow trading partners to collaborate across defined trading partner processes based on a common data model. However, those savings can leak away in several different ways.

SAP 142

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 142

Logistics Viewpoints

JUNE 8, 2022

For example, in a recent CNBC interview Ben Bernanke noted that the Federal Reserve likely looked at the unemployment rate and total employment in early 2021 and inferred that there was plenty of slack in the labor market. For example, interest rate hikes tend to deter lower priority investments and those that require debt financing.

Scenario Planning 147

Scenario Planning Analysis Events Purchasing Skills 147

Logistics Bureau

MAY 31, 2021

For example: Compared to selling a product in-store, the cost to deliver that same item as a small parcel can be several times higher. The above examples reflect costs that include picking, packing, and last-mile delivery. The list above is not exhaustive but merely provides some notable examples of cost drivers.

Cost Reduction 118

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 118

Logistics Viewpoints

JUNE 10, 2021

Leveraging different models of thinking, representing key metrics using data aggregation, exposing real anomalies, and recommending a course of action based on operating models will make businesses smarter. The rise of autonomous technologies. Oracle Warehouse Management does this!

Supply Chain Planning Software 107

Supply Chain Planning Software Modeling Software Optimization Software Logistics Network Optimization Software 107

Logistics Viewpoints

APRIL 19, 2023

Second, what is autonomous planning in supply chain, and what are some practical examples? Of course, while doing that you need to consider the operational realities of the business as well as the commercial rules agreed with suppliers, so planners don’t have to constantly adjust the results.

Supply Chain Planning Software 147

Supply Chain Planning Software Optimal Sourcing Scenario Planning Manufacturing Procurement 147

Logistics Viewpoints

MARCH 21, 2021

The skills enhancement program, dubbed Strategic Capabilities Planning, will include a mix of internally supply chain programs, systems education and external APICS courses – APICS is now part of the Association for Supply Chain Management. Coupa has developed a supply chain design maturity model.

Supply Chain Planning Software 161

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

Logistics Viewpoints

MARCH 4, 2021

Examples of building intelligence in your processes: Automating product segmentation based on multiple dimensions including revenue, demand variability, supplier lead-times to manage different service level targets. Modeling the impact of weather events. Modeling the impact of weather events.

Supply Chain Planning Software 164

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

Bringg

AUGUST 5, 2020

Click & Collect, has been gaining popularity as an omnichannel fulfillment model with high returns that can also preserve the in-store experience. Customers benefit from the speed, low cost, and convenience of the fulfillment model. Both fulfillment models can use existing staff, or require outsourced resources.

Trends 118

Trends Modeling Software Optimization Software Optimization Modeling 118

Logistics Bureau

SEPTEMBER 28, 2020

In its simplest form, fourth-party logistics is a model in which manufacturers hand over the entirety of the organisation and oversight of their supply chain to a 4PL provider. The best example of a 4PL model is Amazon.com. Some Australian 4PL Models. What is 4PL? What is 3PL? Amazon: A Hard 4PL Act to Follow.

4PL 118

4PL Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software 118

Logistics Bureau

NOVEMBER 14, 2018

Thus, if you find out that an expensive transport solution (courier for example) is routinely being used to deliver a low margin product to a customer, you’ll understand that much better if the end result for you turns out to be a loss. It can of course also be used to make an already profitable relationship even more profitable!

Purchasing Skills 99

Purchasing Skills Cost Reduction Supply Chain Planning Software Supply Chain Design Software 99

Logistics Bureau

OCTOBER 10, 2022

For example, you can optimise for cost, profit, or service, but not for all of them. For example, inaccurate forecasts typically lead to: Overstocking — a problem that ties up working capital and can lead to inventory obsolescence. Applying a single forecasting model to all products in the inventory portfolio.

Inventory Reduction 124

Inventory Reduction Inventory Optimization Modeling Optimization Software 124

Logistics Viewpoints

JUNE 29, 2021

For example, my company relies heavily on “lat-long” data, or data that provides latitude and longitude coordinates for freight. The most effective organizations conduct data maturity modeling and implement best practices around master data management and data federation.

Data 156

Data Supply Chain Design Software Supply Chain Planning Software Digital 156

Logistics Bureau

NOVEMBER 2, 2020

Companies have to pursue profits of course, (how else will they stay in business?) Examples of CSR Programmes. It is always helpful to look at some concrete examples when exploring complex topics. Example #1: Lego. Example #2: Salesforce. Example #3: TOMS. You get the idea. million volunteer hours.

Waste Reduction 117

Waste Reduction Resource Reduction Supply Chain Design Software Supply Chain Planning Software 117

Logistics Bureau

FEBRUARY 7, 2022

Of course, a lack of support from universities means that there are no locally produced supply chain professionals. However, I think the only way to make meaningful progress in these geographies is, of course, to have local talent there all the time helping to solve these problems. Kenya is a big exception.

Supply Chains 113

Supply Chains Course Manufacturing Procurement Video 113

Logistics Viewpoints

JANUARY 25, 2024

Some try delving into deep learning or a crash course in generative AI (GenAI), but I don’t recommend starting there. Consider a planner in Brazil working with the previous lead time prediction example, who has forgotten how to update the parameters. Getting started with AI in supply chain might not start where you think.

Supply Chain Planning Software 156

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 156

MTS Logistics

JULY 21, 2021

Businesses are still trying to find methods to keep their efficiency and productivity under control and reinterpret traditional work models with an innovative approach and use technology more effectively. Of course, this process will not be like the “old normal” in many companies.

Modeling Software 94

Modeling Software Digital Optimization Software Logistics Network Optimization Software 94

Logistics Bureau

OCTOBER 29, 2020

Of course, benchmarks and benchmarking can cover all kinds of different things, at work or elsewhere. Suppose you wanted to be the fastest runner in the world, for example. In fact, SCOR is actually an entire reference model for supply chain performance management and improvement, in which benchmarking plays just one part.

Supply Chains 91

Supply Chains How To Scenario Planning Cost Reduction 91

Forto

APRIL 25, 2020

Flexible working models, paperless processes and digitalization are non-existent or a novelty in many places in the industry. Of course, this applies not only to the internal distribution of tasks. This is different with us – it has always been a living reality. How can logistics companies master them?

Course 52

Course Digital Modeling Software Logistics Network Optimization Software 52

Forto

APRIL 9, 2020

Flexible working models, paperless processes and digitalisation are non-existent or a novelty in many places in the industry. Of course, this applies not only to the internal distribution of tasks. This is different with us – it has always been a living reality. How can logistics companies master them?

Course 52

Course Digital Modeling Software Logistics Network Optimization Software 52

IoT World Today

OCTOBER 15, 2020

FedEx, for example, has been on a multiyear digital transformation journey that included cloud computing and work-from-home capabilities but also widespread sensor technology buildouts, robotics forays and continued support of blockchain technologies.

Waste Reduction 122

Waste Reduction Cost Reduction Strategy Supply Chain Design Software 122