Logistics Viewpoints

FEBRUARY 20, 2024

Optimization and simulation are the two main branches of SCND. Optimization accounts for over 90% of all work that is being done by SCND teams. This article describes how to incorporate simulation techniques into optimization, build a stochastic optimization model, and end up with a more resilient supply chain model.

Supply Chain Design Software 154

Supply Chain Design Software Sourcing Strategies Supply Chain Design Inventory Reduction 154

Logistics Viewpoints

JUNE 9, 2022

During periods of normal business, this means that our optimized warehouse only needs to perform at its highest level for a short period of time. These contribute significantly to optimal order processing and therefore to the successful management of peak periods. Before the peaks – using data analytics to make the right decisions.

Logistics Network Optimization Software 151

Logistics Network Optimization Software Optimization Software Supply Chain Planning Software Modeling Software 151

Log-hub

MAY 22, 2024

The concept of multi-tier supply chain analytics and optimization has become a critical component for companies aiming to maintain competitive advantage, ensure efficiency, and respond rapidly to market changes. AI can play an important role in inventory optimization. Here, standardization plays a vital role.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Material Savings Supply Chain Planning Software 52

Log-hub

MAY 22, 2024

The concept of multi-tier supply chain analytics and optimization has become a critical component for companies aiming to maintain competitive advantage, ensure efficiency, and respond rapidly to market changes. AI can play an important role in inventory optimization. Here, standardization plays a vital role.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Material Savings Supply Chain Planning Software 52

EazyStock

OCTOBER 20, 2020

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. What is stock optimization? 6 Inventory Control Techniques to Optimize Stock Levels. Understand your demand.

Inventory Reduction 98

Inventory Reduction Optimization Software Optimization Modeling Inventory 98

AIMMS

NOVEMBER 12, 2015

Optimization is a form of advanced analytics that helps you solve complex decision problems that involve conflicting objectives and constraints, enabling you to make the best use of your business’ limited resources. You can do all of this and more with an optimization technology. But how does it work in practice?

Optimal Sourcing 70

Optimal Sourcing Optimization Modeling Optimization Software Modeling Software 70

3PL Links

DECEMBER 3, 2023

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms. How predictive analytics works in logistics?

Supply Chain Planning Software 48

Supply Chain Planning Software Optimal Sourcing Analysis Supply Chain Software 48

Bringg

MARCH 24, 2021

Supply chain optimization ensures a smoother process and a more successful business model focusing on efficiency and profit. What is supply chain optimization? . Optimizing this process allows it to function at peak efficiency. A good example of such a strategic decision could be choosing a warehouse’s location.

Optimal Sourcing 62

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 62

CLX Logistics

APRIL 6, 2020

The optimization of global supply chain performance isn’t a one-and-done task to be completed in a day. How Do Global Supply Chain Managers Improve Performance and Reduce Costs? The post How to Ensure Your Global Supply Chain Is Completely Optimized appeared first on CLX Logistics, LLC.

Supply Chain Planning Software 47

Supply Chain Planning Software Optimization Modeling Supply Chain Software Supply Chains 47

Logistics Viewpoints

APRIL 22, 2024

More importantly, we needed to capture the knowledge of our subject matter experts on how to make all of that happen.” It learned how to solve problems from the people who solve those problems every hour of every day. The true power of Causal AI comes from understanding how knowledge and data help determine causality.

Optimal Sourcing 153

Optimal Sourcing Supply Chain Planning Software Modeling Software Optimization Software 153

Blue Grace Logistics

NOVEMBER 3, 2022

How to Prepare an Efficient Transportation Budget Show Submenu Resources. Learn how to build your shipping budget correctly. How to define your transportation needs. Optimize for your needs. How you’re expecting to exit the current year. How are you going to get these items where you need them to go?

Efficiency 62

Efficiency How To Transportation Optimization Modeling 62

Logistics Viewpoints

MAY 11, 2023

How the digital twin concept drives benefit By using advanced analytics and machine learning algorithms, digital twins can provide real-time insights and recommendations to optimize operations, reduce costs, and increase productivity. Physical change (i.e., changing the structure of the warehouse, modifying processes, etc.)

Optimization Software 160

Optimization Software Supply Chain Design Software Modeling Software Digital 160

GlobalTranz

JULY 14, 2021

Transportation management optimization can help, provided shippers know a few things about its value and where to start. Transportation Management Optimization #1: Shipment Pooling. Transit time should not be impacted in this model. Transportation Management Optimization #2: Shipment Aggregation. Continuous Moves.

Optimization Modeling 62

Optimization Modeling Optimization Software Optimization Material Savings 62

Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. 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 104

eCommerce Operations Inventory Reduction Modeling Software 104

SYSPRO Smarter ERP

NOVEMBER 30, 2021

Yet, due to inadequate physical and digital infrastructure, many manufacturers lacked the flexibility they needed to take advantage of accelerated demand and were unable to optimize fulfillment. Manufacturers can use forecasting to support inventory optimization. Legacy systems:? Managing Inventory.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Manufacturing Procurement 105

WorkWave

AUGUST 4, 2020

These designated time windows add a layer of complexity that requires additional attention when optimizing a route to be as efficient as possible. Adding time windows has a drastic impact on how deliveries can be routed. A rapidly growing example of the VRPPD is meal pickup and delivery. Capacitated Vehicle Routing Problem.

How To 87

How To Optimization Software Optimization Modeling Optimization 87

AIMMS

JUNE 1, 2017

Companies are increasingly eager to hear about optimization and advanced analytics. People are very intrigued by Prescriptive Analytics and Modeling, hearing success stories from counterparts in industries like energy and retail. There are several areas where companies are eager to apply optimization. Areas of i nterest .

Supply Chain Planning Software 72

Supply Chain Planning Software Supply Chain Design Software Optimization Software Optimization Modeling 72

WorkWave

JANUARY 29, 2024

Time To Read: 3 minutes Efficient route planning is crucial for optimizing operations and ensuring timely deliveries. Delivery businesses operating in cities, for example, with consistent traffic patterns and stable delivery routes, rely on static routing to maintain predictability and allocate resources efficiently.

Optimal Sourcing 98

Optimal Sourcing Optimization Software Modeling Software Sourcing Strategies 98

Logistics Bureau

JULY 18, 2022

For example, you don’t want to assume that a single logistics strategy and service approach will meet all your customers’ needs. It may do, but how do you know? Inventory optimization software. Network modeling and optimisation software. For example: How much automation will you need in your warehouse(s)?

Inventory Reduction 108

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 108

EazyStock

MAY 11, 2021

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value. What’s the solution?

Inventory Reduction 52

Inventory Reduction Inventory How To Procurement Solutions 52

EazyStock

NOVEMBER 19, 2021

Let’s introduce Mary’s Plumbing Warehouse as an example. For example, Mary may end up with unnecessarily large amounts of capital invested in excess stock of Showerhead C, whereas she could easily run out of Showerhead B. This basic approach is easy to set-up and manage, but often leads to stock imbalances.

How To 52

How To Inventory Reduction Inventory Optimization Modeling 52

EazyStock

FEBRUARY 26, 2020

This is where inventory optimization comes in. Introducing inventory optimization methods to your inventory management practices ensures that supply and demand volatility is considered when setting your demand forecasts, stock levels and replenishment parameters. Ensuring Stock Availability with Inventory Optimization.

Availability 52

Availability How To Inventory Reduction Supply Chain Planning Software 52

EazyStock

FEBRUARY 7, 2020

In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. Reducing stock levels to carry more lines (without accurate forecasting and inventory optimization tools) can lead to stockouts and expensive backorders or rush orders from suppliers.

Inventory Reduction 52

Inventory Reduction Optimal Sourcing Inventory Optimization Software 52

WorkWave

JULY 28, 2024

For example, lab specimens need to be carefully transported to avoid any contamination or spoilage. Utilize search engine optimization (SEO) techniques to improve visibility in search engine results — more on this in step nine! Use this messaging consistently across all marketing materials.

Material Savings 52

Material Savings Optimization Software Logistics Network Optimization Software Cost Reduction 52

WorkWave

JULY 28, 2024

For example, lab specimens need to be carefully transported to avoid any contamination or spoilage. Utilize search engine optimization (SEO) techniques to improve visibility in search engine results — more on this in step nine! Use this messaging consistently across all marketing materials.

Material Savings 52

Material Savings Optimization Software Logistics Network Optimization Software Cost Reduction 52

Logistics Viewpoints

APRIL 19, 2023

Second, what is autonomous planning in supply chain, and what are some practical examples? And finally, how does a company achieve autonomous planning? Then there’s the question of how much to hold at the central warehouse to replenish the MFCs as well as how to dynamically allocate receipts at the cross-docks.

Supply Chain Planning Software 148

Supply Chain Planning Software Optimal Sourcing Scenario Planning Manufacturing Procurement 148

AIMMS

SEPTEMBER 25, 2019

There are many great examples where advanced analytics have contributed to social good. North Star Alliance , for instance, uses optimization to find optimal locations for its mobile HIV-AIDS clinics in Africa. Another case that is relevant to our current optimization project is flying children to special needs camps.

Optimization Software 62

Optimization Software Optimization Modeling AIMMS Optimization 62

Ship Monk

FEBRUARY 16, 2023

As an example, fulfillment fees explain why it is cheaper to order a product directly from a manufacturer than an online marketplace, and cheaper to order from an online marketplace than it is from an ecommerce brand’s direct website. How does a 3PL do that exactly? ShipMonk is a prime example of a 3PL that brings this to the table.

Cost Reduction 52

Cost Reduction Negotiating Skills Inventory Reduction Purchasing Skills 52

WorkWave

SEPTEMBER 23, 2021

Due to the increased popularity of online grocery shopping, there is a lot of competition, making establishing a solid business model vital for your success. Designing a successful business model requires a bit of research and analysis of your competitors. Work on an Operating Model. The Inventory Model.

Modeling Software 52

Modeling Software Optimization Software How To Procurement Solutions 52

The Lean Thinker

MARCH 23, 2023

During the war there was huge growth and turnover within the industrial base as production shifted from civilian products (locomotives, for example) to wartime production (tanks). ” I think the answer depends on the person’s mental model and biases about the role of authority. War Manpower Commission.

Buyer Training 195

Buyer Training Material Savings Course Optimal Sourcing 195

EazyStock

MARCH 3, 2022

In this post, we explain how you can implement a just-in-case stock management strategy without the risk of tying up too much capital in unnecessary inventory items. How to implement JIC inventory management with optimum stock levels. Using inventory optimization software to implement your JIC strategy.

Inventory Reduction 52

Inventory Reduction Inventory Supply Chain Planning Software Cost Reduction 52

Blue Grace Logistics

MARCH 11, 2021

Optimize Labor Configuration. Restructuring logistics while maintaining operations is a challenge even within existing business models. Shippers will need to follow the example of thoroughly integrated giants like Amazon to survive. The post The Hidden Cost Of COVID And How To Manage appeared first on The Logistics Blog.

Cost Reduction 62

Cost Reduction Expense Reduction How To Supply Chain Planning Software 62

AIMMS

APRIL 6, 2022

There are many great examples where advanced analytics have contributed to social good. North Star Alliance , for instance, uses optimization to find optimal locations for its mobile HIV-AIDS clinics in Africa. Another case that is relevant to our current optimization project is flying children to special needs camps.

Optimization Software 118

Optimization Software AIMMS Modeling Software Optimization Modeling 118

AIMMS

MARCH 2, 2021

Districon is a consulting company that brings the power of optimization and analytics closer to supply chain processes. What is S&OE and what does it entail to develop a companion app with optimization capabilities? To develop a custom model for S&OE, how do you gather the raw data and what does the architecture look like?

Optimal Sourcing 83

Optimal Sourcing AIMMS Supply Chain Planning Software Modeling Software 83

Logistics Viewpoints

FEBRUARY 22, 2022

Meeting today’s logistics challenges of the three C’s – customer service, carbon, and cost – companies are not just looking at gathering data, but also how to better interpret and understand this data, and then use it to drive additional value. Analyze and track your carbon footprint using logistics data.

Data 114

Data Logistics Network Optimization Software Supply Chain Planning Software Cost Reduction 114

AIMMS

MARCH 4, 2022

There are many great examples where advanced analytics have contributed to social good. North Star Alliance , for instance, uses optimization to find optimal locations for its mobile HIV-AIDS clinics in Africa. Another case that is relevant to our current optimization project is flying children to special needs camps.

Optimization Software 118

Optimization Software AIMMS Efficiency Distribution 118

Logistics Viewpoints

JUNE 22, 2023

How to measure OTIF: OTIF measurements pose challenges for organizations regardless of their type or industry. Inventory optimization: Understanding your global inventory positions is the #1 critical element to success in OTIF. Make sure that your system (OMS) can model their SLAs and is executable therein.

Supply Chain Software 124

Supply Chain Software Supply Chains Modeling Software Optimization Software 124