Logistics Viewpoints

JULY 29, 2021

Machine learning is a process by which learning algorithms are applied to large sets of data to create predictive models. For example, only a minority of DCs today have installed systems for product slotting, workforce planning and other core warehouse functions. AI-Based Warehouse Optimization Examples. Here are two examples.

Supply Chain Planning Software 187

Supply Chain Planning Software Optimization Software Supply Chain Design Software Modeling Software 187

Logistics Viewpoints

JUNE 3, 2024

This reflects manufacturers’ difficulty in synching the plans finalized in an integrated business planning executive meeting with what the shop floor is capable of manufacturing in the short-term time planning horizon. A supply planning solution may only be able to achieve rough-cut capacity planning for a large, complex supply chain.

Supply Chain Planning Software 153

Supply Chain Planning Software Scenario Planning Supply Chain Software Supply Chains 153

Logistics Bureau

NOVEMBER 12, 2024

Essential Steps to Using Warehouse Modeling Software for Design 1) Understand the Design Objectives and Constraints The first step in your review should be to determine and prioritise the objectives for your warehouse facility and operation. For example, is an SKU typically ordered by the pallet, carton, split carton, or individual unit?

Modeling Software 68

Modeling Software Supply Chain Design Software Supply Chain Planning Software Optimization Software 68

Logistics Viewpoints

JUNE 6, 2022

A transportation management system (TMS) allows a shipper or carrier to plan the most cost-effective set of shipments that meets service level goals. Much additional detail needs to go into the model for more precise estimates.”. For example, Oracle is using average emission from a 5-ton truck, or a bulk tanker.

Cost Reduction 150

Cost Reduction Price Reduction Supply Chain Planning Software Scenario Planning 150

Logistics Viewpoints

NOVEMBER 11, 2024

A ‘big bang’ approach, applying a one-size-fits-all AI solution, is not viable in an environment where industrial-grade solutions are needed to meet health, safety, and sustainability goals, Mr. Masson points out. Developing Models : Building and scaling AI models in a manner that ensures they are reliable and understandable.

Supply Chain Planning Software 147

Supply Chain Planning Software Modeling Software Optimization Software Supply Chain Software 147

Logistics Viewpoints

MAY 8, 2023

Increasingly it is recognized that the executive planning meetings, that typically take place once a month, should be chaired by a top floor executive – a chief financial officer, chief operations officer, or even chief executive officer. An example of switchable constraint would be a factory that needs to close.

Supply Chain Planning Software 131

Supply Chain Planning Software Scenario Planning Optimal Sourcing Production 131

AIMMS

AUGUST 3, 2020

However, one-third of SCP leaders cite “the lack of effective decision making in the S&OP meeting process as the most critical problem to solve for their function’s overall performance” (source: Gartner, Improve S&OP Decision Making Through Scenario Planning , Supply Chain Research Team, 4 May 2020). – Tweet this.

Scenario Planning 159

Scenario Planning Supply Chain Planning Software AIMMS Gartner 159

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. That is the purpose of these meetings.

Buyer Training 195

Buyer Training Material Savings Course Optimal Sourcing 195

Logistics Viewpoints

SEPTEMBER 4, 2024

This offers industries a way to meet growing demands for transparency and accountability, especially from regulators and consumers. These challenges raise concerns about whether blockchain can truly scale to meet the demands of global supply chains without compromising efficiency or accessibility.

Supply Chain Design Software 155

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Modeling Software 155

Logistics Viewpoints

AUGUST 19, 2024

The circular economy is a model that involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products as long as possible. The apparel industry is a prime example. A prime example of a fast fashion brand is Zara. This is made most glaringly apparent in the fast fashion industry.

Waste Reduction 159

Waste Reduction Supply Chain Design Material Savings Waste 159

Logistics Viewpoints

DECEMBER 4, 2024

For instance, General Motors reshored production of small gasoline engines and the Cadillac SRX model from Mexico to Tennessee. Faster lead times allow businesses to meet customer demands more efficiently, enhancing satisfaction. Companies no longer need to account for extended shipping durations or customs clearance delays.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Software Supply Chains Cost Reduction 150

Logistics Viewpoints

MARCH 27, 2023

Machine learning also makes it possible to make more granular forecasts – for example, instead of forecasting demand for the company’s products in the Eastern Region of the U.S., Demand models need to be continuously updated. The model can be updated to reflect a demand spike for that city during the relevant period.

Supply Chain Planning Software 126

Supply Chain Planning Software Scenario Planning Optimal Sourcing Supply Chain Software 126

The Lean Thinker

DECEMBER 9, 2022

When “trams” (coal carts) were in short supply, for example, the “trammers” would horde carts to optimize their team’s performance at the expense of other teams being limited by the number of carts available. This model prevails even today and even colors our teaching of continuous improvement.

Modeling Software 259

Modeling Software Optimization Software Expense Reduction ERP 259

Logistics Viewpoints

NOVEMBER 4, 2024

Machine Learning occurs when a machine takes the output, observes its accuracy, and updates its model so that better outputs will occur. Reinforcement Learning is a form of machine learning that lets AI models refine their decision-making process based on positive, neutral, and negative feedback.

Supply Chain Planning Software 167

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 167

Logistics Viewpoints

APRIL 4, 2024

Another example of data normalization is accounting for lost sales due to stockouts or waste of perishable products due to overstocking of inventory. For example, the demand for the Chocolate Peanut Butter Cup will behave much more similarly to the flavor of Chocolate than Rainbow Sherbert. Wouldn’t it be cool to know within minutes?

Scenario Planning 154

Scenario Planning Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 154

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 113

Data Logistics Network Optimization Software Supply Chain Planning Software Cost Reduction 113

Logistics Viewpoints

JULY 10, 2024

Supply Planning Supply planning systems create models that allow a company to understand capacity and other constraints it has in producing goods or fulfilling orders. The ability to meet that demand can be less than expected. So, for example, a manufacturer knows what it has sold to a retailer. No plan is perfect.

Supply Chain Planning Software 156

Supply Chain Planning Software Scenario Planning Supply Chain Design Software Supply Chain Software 156

Logistics Viewpoints

AUGUST 12, 2024

Pirelli’s Business Model and Supply Chain Pirelli (PIRC.MI) is a consumer tire company headquartered in Milan, Italy. Pirelli designs a specific tire for a particular model, and even a specific version of the model, for one luxury brand. The digital department includes IT, big data analytics, AI, and the digitization program.

Supply Chain Planning Software 137

Supply Chain Planning Software Digital Supply Chain Design Software Scenario Planning 137

Material Handling and Logistics

OCTOBER 30, 2018

Successful procurement leaders are operating smarter by leveraging analytics and technology such as integrated suites to generate clean data (at least if they have a unified data mode) and master data management solutions for addressing issues in back end systems, cleaning and normalizing suppliers’ records, for example. Boost Your Employees.

Optimal Sourcing 166

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 166

Logistics Viewpoints

MARCH 20, 2023

The supply chain planning market got started when supply chain models were put into in-memory databases in the early 1990s. The Power of Flexible Modeling Based on their background, o9’s cofounders understood the strengths and weaknesses of existing planning technology. A very powerful modeling framework was required.”

Supply Chain Planning Software 140

Supply Chain Planning Software Modeling Software Procurement Solutions Supply Chain Software 140

Material Handling and Logistics

DECEMBER 6, 2018

Servitization offers a new business model that shifts a company’s emphasis from what it makes to what it can offer customers. Servitization is a business model in which a machine (i.e., For example, a public warehouse forklift user could be charged a fee of $3.75/ton A New Business Model. break/fix) and improve (i.e.,

Logistics Network Optimization Software 100

Logistics Network Optimization Software Optimal Sourcing Optimization Modeling Modeling Software 100

Logistics Viewpoints

JUNE 27, 2024

The goal is to minimize total operating costs and meet customer service expectations. For example, the emergence of new storage and distribution models, such as dark stores, allows for record-speed order deliveries at a fraction of the cost compared to traditional methods.

Supply Chain Software 143

Supply Chain Software Supply Chains Trends Logistics Network Optimization Software 143

Logistics Viewpoints

AUGUST 25, 2021

For example, in last mile routing the time a job takes to complete is dependent not just on the miles that need to be driven but also on the congestion, the type of product being delivered, the type of residence, and whether the value-added services are provided at the destination. Second is the risk of losing transportation expertise.

Price Reduction 178

Price Reduction Cost Reduction Expense Reduction Supply Chain Planning Software 178

Logistics Viewpoints

JANUARY 1, 2024

An omnichannel order management system helps companies meet growing customer expectations. For an online order that needs to be delivered within 24 hours, for example, the rule might state that the goods should be shipped to the consumer from the closest location. Or they can order online and pick up the product at the store.

Optimization Software 143

Optimization Software Optimization Modeling Optimization Ordering 143

Logistics Viewpoints

MARCH 3, 2022

Logistics strategy as an enabler of new business models. They promoted logistics to the level of core process and enabler of new business models and now view a thought-through logistics strategy as an opportunity to stand out by offering a better service level to their customers, such as same-day delivery.

Expense Reduction 197

Expense Reduction Supply Chain Design Software Supply Chain Software Supply Chain Planning Software 197

SYSPRO Smarter ERP

NOVEMBER 8, 2021

For example: Japan earthquake 2016. Many of the current (pre-Covid) business models focused on partnering with suppliers and “make them part of your business” because the closer they are to the business the better they can understand the issues and respond. Supply chain disruptions. US-China trade war 2018. Suez Canal blockage 2021.

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Software Supply Chains Sourcing Strategies 116

Logistics Business Magazine

NOVEMBER 30, 2022

Whether dealing with the direct dispatch of individual goods, packing multi-pack products, or meeting the complex requirements of returned goods packaging, the servo X e-com ensures products are packed with the lowest amount of material needed, automatically adjusting the film bags with four sealed sides to the product’s length.

Packaging 55

Packaging Meeting Material Savings Modeling Software 55

AIMMS

JULY 15, 2019

A great example of this is one of our customers, a Europ ean chemical company with $300M in annual revenue who is growing fast and was ready to move from spreadsheets to something more robust. Within a few months they moved from spreadsheets and silos to looking at real-ti me scenarios in monthly planning meetings.

Supply Chain Planning Software 107

Supply Chain Planning Software Scenario Planning Modeling Software Gartner 107

Logistics Viewpoints

APRIL 3, 2023

For example, a suggestion from the system might be to transfer 96,154 units of a stock keeping unit to a distribution center in Denver to fill a projected backorder. This incumbant solution might come up with the monthly demand plan, for example, but then the Aera technology is adjusting that plan based on what is happening in the market.

Supply Chain Planning Software 168

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 168

AIMMS

FEBRUARY 1, 2021

To do this, we built two representative models of a business. When the models are built, running scenarios with these large businesses can be a lot of fun. Extrapolating to smaller, simpler businesses, it’s likely that an entity needs to be scaled at around $500M annual revenue and above to meet this first ROI hurdle.

Supply Chain Design Software 116

Supply Chain Design Software Supply Chain Software Supply Chain Design Optimization Software 116

The Logistics of Logistics

AUGUST 29, 2019

The business model changed. For example, all the hospitals that got supported with tens of thousands of purchase orders that Aramco was handling. We invited all the 3PLs to come to a meeting, and the bid process was explained to everyone at the same time. 11:47] Up until July of this year, Saudi Aramco was their own 3PL.

Procurement Analytics 170

Procurement Analytics Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 170

Logistics Bureau

SEPTEMBER 28, 2020

In its simplest form, fourth-party logistics is a model in which manufacturers hand over the entirety of the organisation and oversight of their supply chain to a 4PL provider. The best example of a 4PL model is Amazon.com. What is 4PL? What is 3PL? 3) Ecommerce and Multi-Channel Retail. Amazon: A Hard 4PL Act to Follow.

4PL 118

4PL Logistics Network Optimization Software Supply Chain Planning Software Supply Chain Design Software 118

Logistics Viewpoints

MARCH 6, 2023

For example, while GEON has over 2000 customers, initially they are manually building forecasts for 600 customers and 1200 ship-to locations. The executive meeting will generate lean six sigma projects where analysts are tasked with going out and discovering more granular costs. This will be done in a step-by-step manner.

Supply Chain Planning Software 157

Supply Chain Planning Software Supply Chain Transformation Scenario Planning Supply Chain Software 157

Logistics Viewpoints

JANUARY 22, 2024

An omnichannel order management system helps companies meet growing customer expectations. For an online order that needs to be delivered within 24 hours, for example, the rule might state that the goods should be shipped to the consumer from the closest location. Or they can order online and pick up the product at the store.

Supply Chain Software 157

Supply Chain Software Supply Chains Optimization Software Modeling Software 157

Logistics Viewpoints

MARCH 4, 2021

Examples of building intelligence in your processes: Automating product segmentation based on multiple dimensions including revenue, demand variability, supplier lead-times to manage different service level targets. Modeling the impact of weather events. Modeling the impact of weather events. and Europe.

Supply Chain Planning Software 164

Supply Chain Planning Software Scenario Planning Supply Chain Software Optimal Sourcing 164

Logistics Viewpoints

AUGUST 15, 2024

Today’s supply chains are fraught with uncertainties across demand and supply yet are tasked with adding incremental value to their organizations while also meeting commercial, working capital and sustainability goals. An example is insight beyond your four walls to understand how tier one, two, three, etc.

Scenario Planning 154

Scenario Planning Supply Chain Planning Software Sourcing Strategies Optimal Sourcing 154

Logistics Viewpoints

JULY 17, 2024

Jeff Erwin, VP of manufacturing at G&J Pepsi-Cola Bottlers , has been helping to accelerate the digital transformation while aligning with the company’s goals and mission to improve its operational efficiency and meet customer requirements and regulatory compliance challenges by tracking and measuring performance.

Digital 157

Digital Procurement Analytics Manufacturing Procurement Modeling Software 157