Remove Examples Remove How To Remove Modeling
article thumbnail

Logistics Software: How to Make Handling Peak Times Easy

Logistics Viewpoints

These parameters might be of a logistic nature, for example, the ABC classification of goods. For example, you can define the necessary servicing work for each machine to prevent failures, or schedule personnel so that the right employees are available. They might also affect the technologies or resources.

article thumbnail

How to Benchmark Your Supply Chain

Logistics Bureau

Suppose you wanted to be the fastest runner in the world, for example. This is where the SCOR model can be a big help, because it defines formal, structured ways of capturing data, which can then be stored in a database to provide a better guarantee of accuracy. Those levels are “benchmarks”. Using SCOR to Benchmark the Supply Chain.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Schneider Electric’s Supply Chain Design Journey

Logistics Viewpoints

Schneider Electric’s Journey with Network Design Lee Botham is the global director of modeling and network design at Schneider Electric. In 2012 and 2013, they began using external consultants to model their Asian supply chain. Initially, regions generating lower revenue were modeled. This is when the firm hired Mr. Botham.

article thumbnail

9 Barriers to Optimal Inventory and How to Break them Down

Logistics Bureau

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. How to Improve Forecast Accuracy for Optimal Inventory. How Does Lead Time Affect Inventory?

article thumbnail

Building AI to Unlearn Bias in Recruiting

This eBook covers these issues & shows you how AI can ensure workplace diversity. Research shows that the hiring process is biased and unfair. While we have made progress to solve this, it’s potentially at risk due to advancements in AI technology.

article thumbnail

Notes from the 2020 TWI Summit – Part 2

The Lean Thinker

Compounding this was that, in his example, the training was TWI Job Instruction – how to train. He used the Stanford design school model to experiment his way toward a solution that used the framework of Job Instruction in a way that worked for the particular situation. And isn’t that the whole idea?

article thumbnail

Future-Proof Logistics Warehouses with Flexibility and Throughput

Logistics Viewpoints

It allows operations to remain competitive even in unpredictable market conditions and supports a variety of business models and client needs. This approach protects the investment while enabling warehouses to adapt to shifting market trends and business models. Moreover, flexibility enables geographic expansion.