IoT World Today

OCTOBER 15, 2020

As organizations continue to adapt to the roller-coaster ride of 2020, some leaders’ pre-pandemic IT strategies brought business resilience even as COVID-19 struck. Indeed, some organizations spent several years laying the foundations for data-driven strategy and remote operations even prior to COVID-19.

Waste Reduction 122

Waste Reduction Cost Reduction Strategy Supply Chain Design Software 122

Logistics Bureau

JULY 18, 2022

As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy.

Inventory Reduction 116

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 116

Ship Monk

JULY 14, 2021

They say labels are for soup cans, but, when it comes to running an eCommerce company, it’s important to know where your business model falls under. Then, with a concrete strategy by your side, fine-tuning the details becomes a whole lot easier. Newspaper classifieds, Facebook Marketplace, and eBay are all examples of C2C in action.

eCommerce 98

eCommerce Modeling Inventory Reduction Cost Reduction 98

AIMMS

SEPTEMBER 28, 2020

Insights from Gartner’s Hype Cycle for Supply Chain Strategy, 2020. Gartner’s Hype Cycle for Supply Chain Strategy, 2020 offers some guidance. In the report, you will find capabilities across five categories: technologies, competencies, frameworks, operating model strategies, and organizational models.

Supply Chain Design Software 166

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 166

The Logistics of Logistics

FEBRUARY 11, 2022

You are Making Significant Logistics Strategy Changes : When you realize that your current WMS cannot support new processes effectively or at all. You are Facing New Omnichannel Fulfillment Requirements : The boom of ecommerce and direct to consumer demands require new strategies and cutting-edge WMS capabilities.

Modeling Software 221

Modeling Software Logistics Network Optimization Software Cost Reduction Vendor Strategies 221

Logistics Viewpoints

JULY 12, 2022

This practice is typically owned by the sales and/or marketing organization, which is why it is so important for transportation and logistics departments to have input into customer service strategies. For example, do all customers need to be serviced equally regardless of size? This is where finance can help.

Cost Reduction 172

Cost Reduction Material Savings Resource Reduction Price Reduction 172

Logistics Bureau

AUGUST 16, 2021

Therefore, it would be more prudent to explore how effectively (or not) a company is implementing recruitment strategies that encourage candidates with the right mix of ops and tech expertise. Since digital transformation is a principal feature in all business functions today, competition for hybrid talent is stiff.

Supply Chain Planning Software 113

Supply Chain Planning Software Modeling Software Supply Chain Software Supply Chains 113

Logistics Viewpoints

FEBRUARY 28, 2022

Alex Pradhan, Product Strategy Leader John Galt Solutions, told me that “all planning vendors have bold marketing around AI.” Lead times, for example, are a critical form of master data for planning purposes. In process industries the supply chain models used for optimization are much more complex than those used in other industries.

Supply Chain Planning Software 178

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 178

Logistics Viewpoints

AUGUST 1, 2024

Top Challenges Faced by Companies: Customer Preferences: Example: An online fashion retailer faces the challenge of constantly changing customer preferences. They design their supply chain on a continuous basis and focus on ecommerce retailing strategies that segment their customer base according to buying behavior.

Supply Chain Design Software 163

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Scenario Planning 163

Logistics Viewpoints

JANUARY 21, 2021

ML looks into historical data (for example, transit time statistics of carriers) and data from impactful external factors (such as port congestion, weather or holidays) and uses this information to develop more accurate transit time estimates. The model learns continuously and can adapt to changing conditions in the network.

Inventory Reduction 213

Inventory Reduction Supply Chain Planning Software Cost Reduction Logistics Network Optimization Software 213

Supply Chain Brain

AUGUST 31, 2024

This eBook provides customer examples, actionable strategies and highlights real-world benefits such as improved inventory turnover and reduced production costs. Explore this exclusive resource and gather ideas on transforming your supply chain into a model of sustainability and innovation.

Inventory Reduction 104

Inventory Reduction Resource Reduction Cost Reduction Scenario Planning 104

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

The Logistics of Logistics

NOVEMBER 2, 2022

She is an MBTI Master Practitioner and is known as a thought leader in integrating psychological type theory with other coaching models. In the podcast interview, Ann shared 3 strategies that people can use to be more productive, happier, and healthier, in other words reclaiming your energy, passion, and time. Strategy 1 – Be present!

Buyer Training 195

Buyer Training Logistics Network Optimization Software Modeling Software Supply Chain Software 195

Logistics Viewpoints

JUNE 3, 2024

Scott Fenwick, Senior Director Product Strategy for Supply Chain Planning at Manhattan Associates. For example, a supply planning solution may create a model that says a plant can produce 20,000 units of a product in a week. The announcement came on May 15th at the company’s annual user conference, Momentum.

Supply Chain Planning Software 153

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

EazyStock

DECEMBER 13, 2020

In a perfect world, supply chain managers would be able to foresee every possible risk and threat to their supply chain and have a strategy prepared to successfully address any challenges when the moment came. For example, did you take out a loan through the Paycheck Protection Program ? Prepare for Upcoming Supply Chain Risks.

Inventory Reduction 98

Inventory Reduction Sourcing Strategies Supply Chain Planning Software Cost Reduction 98

Logistics Viewpoints

SEPTEMBER 19, 2023

The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream. Table 1 describes a few examples of these types of risks. Examples of disruptive risks are suppliers going out of business or shipwrecks that result in the loss of cargo containers.

Supply Chain Design Software 154

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

Logistics Viewpoints

MAY 9, 2024

Another example is commuting. Over the years, AI capabilities for prediction, clustering, segmentation, and more have accelerated supply chain strategies, automating daily operations and augmenting data-driven intelligent decision support. A basic form of probabilistic modeling has long been used in demand planning.

Supply Chain Planning Software 165

Supply Chain Planning Software Scenario Planning Supply Chain Software Modeling Software 165

Logistics Viewpoints

AUGUST 15, 2024

By modeling these potential disruptions, it becomes possible to understand the impact and develop the right alternative response plans to mitigate the impact. The digital twin, for example, can be subjected to numerous stress tests that mimic real-world conditions and observe how different variables interact and impact the entire network.

Scenario Planning 154

Scenario Planning Supply Chain Planning Software Sourcing Strategies Optimal Sourcing 154

EazyStock

FEBRUARY 17, 2021

Inventory Replenishment Strategies to Boost Profitability. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. Any business that carries inventory needs to avoid stockouts and back orders.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

Logistics Viewpoints

FEBRUARY 8, 2021

Led some supply chain planning supplier to create new digital twins – new supply chain models – that model this supply chain much deeper than it had been previously modeled. A more granular model means better planning – planning that more fully reflects the constraints that exist in these supply chains.

Supply Chain Planning Software 184

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 184

Logistics Viewpoints

JUNE 6, 2022

Derek Gittoes, a vice president of supply chain management product strategy at Oracle, said “this is very much an estimate. 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

CLX Logistics

MAY 3, 2024

A resilient and agile supply chain strategy is not just a prudent choice—it’s a necessity, especially within the context of chemical supply chains. Challenges in Supply Chain Strategy Planning Designing a resilient and agile supply chain organization is not without its challenges.

Material Savings 76

Material Savings Resource Reduction Cost Reduction Sourcing Strategies 76

Material Handling and Logistics

DECEMBER 14, 2018

Learn how to organize your data operations in alignment with supply chain strategy. The techniques require different degrees of sophistication, but even the relatively simple exercise of putting data from different sources in the same space and producing a visual representation can suggest strategies for transformation.

Supply Chain Software 166

Supply Chain Software Optimal Sourcing Supply Chains Sourcing Strategies 166

Logistics Bureau

MAY 30, 2022

Our three pillars (or fundamentals) of great supply chain management excellence are strategy, service, and cost. Aligning strategy, service, and financial factors in your supply chain operation is essential to support your company’s overall business strategy , mission, and objectives. The Importance of Alignment.

Inventory Reduction 117

Inventory Reduction Cost Reduction Price Reduction Supply Chain Planning Software 117

Logistics Viewpoints

JUNE 13, 2024

In our picking example, you would begin by analyzing the entire warehouse to identify where the bottleneck or constraint occurs. One example in the warehouse could be optimizing the path taken by pickers. our warehouse example, you would adjust the other elements of the picking process to support and align with the bottleneck.

Optimization Software 174

Optimization Software Optimization Modeling Optimization Modeling Software 174

Logistics Viewpoints

DECEMBER 4, 2024

Reshoring, the practice of bringing manufacturing operations back to the United States, has gained renewed momentum in recent years, largely driven by a combination of political priorities, economic strategies, and global supply chain disruptions. The Case for Reshoring: Benefits for Supply Chains 1.

Supply Chain Planning Software 150

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

SYSPRO Smarter ERP

NOVEMBER 8, 2021

According to McKinsey , the value of goods traded globally has tripled to more than US$10 trillion since 2000, and because of recent events, they are having to re-evaluate supply chain strategies. Unfortunately, the state of disruption to the current landscape has never been contemplated and very few strategies exist to navigate it.

Supply Chain Planning Software 116

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

Logistics Bureau

OCTOBER 12, 2024

For example, today’s buyers are getting more and more proactive in contributing to demand planning process and to reduce potential cost and loss. Let’s be reminded that there are lot of other things such as corporate strategy and a market dynamics that can impact your procurement performance.

Cost Reduction 62

Cost Reduction Procurement Analytics Optimal Sourcing Procurement 62

Ship Monk

AUGUST 28, 2023

B2B, B2C, C2B, C2C, DTC — that looks more like a bowl of alphabet soup than a list of business models, and we’ve just scratched the surface. Let’s take a look at the different types of ecommerce business models out there, with some examples of each. What is a Business Model?

Modeling Software 52

Modeling Software eCommerce Modeling Manufacturing Procurement 52

Logistics Viewpoints

MAY 22, 2023

For it to be an optimal solution, a mathematical model needs to be used. That model can then be used to analyze every new situation that arises. The model will help a company find a solution that is best for their relocated employees as a whole. Because of these similarities, they might group them all together in the model.

Supply Chain Design Software 119

Supply Chain Design Software Supply Chain Design Supply Chain Software Modeling Software 119

Logistics Viewpoints

NOVEMBER 20, 2024

For senior leaders, understanding and integrating the three pillars of sustainability—environmental, social, and economic—into supply chain strategies is essential. Forward-thinking organizations are also embracing circular supply chain models, which prioritize reusing, recycling, and repurposing materials to extend product lifecycles.

Supply Chain Design Software 140

Supply Chain Design Software Waste Reduction Supply Chain Software Supply Chain Design 140

Logistics Viewpoints

MARCH 8, 2021

For example, go to the Walmart, turn right, and it is the third house on the left. What will the total costs be associated with different green strategies? On top of this cost network model, the solution allows for various scenarios to be kept and compared. LLamasoft has developed a supply chain design maturity model.

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 170

Logistics Viewpoints

SEPTEMBER 6, 2023

The authors then describe the progress necessary for something like anticipatory shipping to change business models. But specificity is sufficient to perform a majority of the routing to the likely final destination (for example, a portion of a postal code such as the three most significant digits).

Inventory Reduction 158

Inventory Reduction Purchasing Skills Cost Reduction Modeling Software 158

Logistics Viewpoints

FEBRUARY 22, 2022

The role of logistics in modern companies is not only to support corporate strategy but also to enable it. Here are just a few examples of leveraging data to enable modern transportation orchestration: Do you need rapid and accurate evaluation of different transportation options?

Data 113

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

Logistics Viewpoints

JANUARY 19, 2021

For this reason, supply chain solutions have become an integral part of business strategies to cope with these ever-increasing complexities. Through warehouse simulation, you can accurately visualize all the attributes of the warehouse in a 2D or 3D computer model. Examples of use. So, how can you tackle this task?

Supply Chain Software 103

Supply Chain Software Modeling Software Optimization Software Logistics Network Optimization Software 103

Logistics Viewpoints

OCTOBER 21, 2021

Pop up warehouses, micro fulfillment centers, and warehousing-on-demand are all examples of how the nodes are becoming increasingly dynamic. For the longest time modeling and designing such nodes, modes, and flows has been the realm of Supply Chain Design. Sustainability initiatives can benefit through optimizing the carbon footprint.

Supply Chain Design Software 124

Supply Chain Design Software Supply Chain Design Supply Chain Planning Software Supply Chain Software 124

Logistics Viewpoints

NOVEMBER 20, 2023

Rather than just offering consumers the choice of buying online or buying in the store, a retail omnichannel strategy involves a lot more paths to fulfill an order or to process a return. Omnichannel Order Management Systems are Complex For retailers, implementing a sound omnichannel strategy can be difficult.

Cost Reduction 152

Cost Reduction Expense Reduction Inventory Reduction Modeling Software 152