Remove Definition Remove Optimization Modeling Remove Study
article thumbnail

The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

The definition of agility and resilience will continue to evolve. The creation of a new digital ecosystem has enabled these and other changes that will shape the definition of supply chain agility and resilience in the 2020s and beyond. There are Also Commercial Reasons. The Road to Agility and Resilience.

article thumbnail

Optimizing Employee Transportation: A Checklist

Locus

Now, with the rise of flexible hybrid work models, as evidenced by a recent Deloitte study showing 66% of India’s Gen Z and 67% of Millennials favoring such arrangements, managing employee transportation has become more complex. Read Also: THE DEFINITIVE GUIDE TO LOGISTICS ROUTE OPTIMIZATION 2.

Insiders

Sign Up for our Newsletter

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

article thumbnail

TWI: Is it Time to Rethink Job Relations?

The Lean Thinker

.” I think the answer depends on the person’s mental model and biases about the role of authority. And, to be clear, this is actually a continuum rather than a bipolar model. If we optimize the parts, we will optimize the whole. There are a couple of distinct paradigms I want to discuss.

article thumbnail

Companies Improve their Supply Chains with Artificial Intelligence

Logistics Viewpoints

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.

article thumbnail

Artificial Intelligence in Logistics: Current Status & Opportunities

Logistics at MPEPS at UPV

In a study by INFORM and Logistik today , experts from various logistics disciplines see the most important areas of application for ML in demand forecasting and sales planning, transport optimization (e.g., through autonomous transport systems), and production optimization. sales planning, transport optimization (e.g.

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. Then we select the item to be studied. The distributor maintains the inventory plan.

article thumbnail

Polycrisis, Antifragility, and What’s Missing from Digital Transformation

Logistics Viewpoints

While the concept isn’t new, its application to supply chain is emerging, albeit without clear definition yet. A McKinsey study found that 90% of supply chain leaders expected to transform their planning systems. A snapshot may optimize one link but won’t optimize the chain. Digital transformation is no longer optional.