Remove Definition Remove Modeling Remove Tools
article thumbnail

The HDVI Story with Chuck Wallace

The Logistics of Logistics

Chuck is the CEO and Co-founder of High Definition Vehicle Insurance (HDVI) , where he leads an experienced team of insurance, technology, and trucking industry experts who deeply understand the challenges of today’s fleets. High Definition Vehicle Insurance, Inc. High Definition Vehicle Insurance, Inc. About Chuck Wallace.

article thumbnail

Do Capacity Management Tools Work for Freight Agencies?

Parade

It’s not technically a feature, since it’s more of an alternative configuration of the program, but it definitely deserves the spotlight since it gives the power of capacity management to freight agents, something that’s , unique amongst capacity management vendors.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cost of Warehouse Management System Software

The Logistics of Logistics

But the model for those cost categories has been dramatically changed by the emergence of WMS delivered in the Cloud, with the software and other cost elements moving from a fixed to a recurring cost and creating a shift in how some deployment costs are incurred. There can be some deviations from this basic model.

article thumbnail

Vendor Managed Inventory Model for Supply Chain Cost Reductions

GlobalTranz

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. The distributor is in total control of the timing and size of the order being placed.

article thumbnail

Mastering Demand Planning: Best Practices and Tools for an Efficient Supply Chain

10xLogistics

I am continuing my series on simple definitions and thoughts in Supply Chain Management. Tools like CPFR (Collaborative Planning, Forecasting, and Replenishment) can enhance this process by aligning all stakeholders on shared objectives and data. This is an overtalked about but underused part of demand planning.

article thumbnail

Generative AI in Supply Chain: How It Impacts Your Logistics

Trinity Logistics

Now, there’s a lot of definitions out there, but here’s how I define it. 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. This model component is generally a conversational chatbot leveraging the LLM to create content.

article thumbnail

Daily Management for Improvement

The Lean Thinker

Toyota Kata is not a problem solving tool. That understanding will be incomplete by definition – because if we truly understood what was going on we wouldn’t have the problem. Yes, there are advanced tools that you use when things get tough. You apply the math you must to model and solve the problem at hand.