Remove Definition Remove Optimization Modeling Remove Tools
article thumbnail

6 Inventory Control Techniques for Stock Optimization

EazyStock

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?

article thumbnail

Top Takeaways from Coupa Inspire

Logistics Viewpoints

What seems to be meant by many vendors is that their solution is a platform because they offer development tools that allow their customers or partners can use to build extensions to their solutions. Coupa meets this definition. Using supply chain design to help time the investment and select the optimal location is a perfect use case.

Insiders

Sign Up for our Newsletter

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

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. 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. And why it is so underused I will never understand.

article thumbnail

Daily Management for Improvement

The Lean Thinker

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. Yes, there are advanced tools that you use when things get tough.

article thumbnail

Route Planning vs. Route Optimization: What’s the Difference?

WorkWave

This is doubly true when the term “route optimization” comes into the equation. So what do you need to know when it comes to the difference between route planning and route optimization? What Makes Route Optimization Different? Route optimization helps you to excel by formulating delivery routes based on more than just distance.

article thumbnail

Route Planning vs. Route Optimization: What’s the Difference?

WorkWave

This is doubly true when the term “route optimization” comes into the equation. So what do you need to know when it comes to the difference between route planning and route optimization? What Makes Route Optimization Different? Route optimization helps you to excel by formulating delivery routes based on more than just distance.