Logistics Viewpoints

FEBRUARY 20, 2024

Supply chain network design (SCND) is a powerful tool for improving business operations. 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. It can be used to solve a wide variety of supply chain problems. But it has gaps.

Supply Chain Design Software 153

Supply Chain Design Software Sourcing Strategies Supply Chain Design Inventory Reduction 153

Logistics Viewpoints

MAY 11, 2023

The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. Simulation allows you to model hypothetical scenarios and physical changes without having to physically change the asset. Physical change (i.e.,

Optimization Software 159

Optimization Software Supply Chain Design Software Modeling Software Digital 159

AIMMS

SEPTEMBER 28, 2020

The report outlines the tools with the highest transformational benefits and capabilities that are becoming standard business practices. In the report, you will find capabilities across five categories: technologies, competencies, frameworks, operating model strategies, and organizational models. Firefighting is the norm.

Supply Chain Design Software 166

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

AIMMS

JUNE 20, 2017

Supply Chain Network Optimization is key to running an efficient and profitable operation today. But while the market has changed, network optimization hasn’t actually advanced much since the 1990s. Yet, network optimization is still just a richer version of the 90’s experience. Network optimization tools aren’t future-proof.

Network Optimization Software 84

Network Optimization Software Optimization Software Supply Chain Software Modeling Software 84

EazyStock

OCTOBER 20, 2020

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?

Inventory Reduction 98

Inventory Reduction Optimization Software Inventory Optimization Modeling 98

Logistics Viewpoints

APRIL 29, 2021

Many companies are achieving this transformation by adopting modular, elastic DC technologies – including AI and robotics – that provide continuous warehouse optimization without replacing their current monolithic and static warehouse systems. Those systems and processes were designed to serve the current business model for 10 years or more.

Optimal Sourcing 96

Optimal Sourcing Optimization Software Supply Chain Design Software Supply Chain Planning Software 96

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

SEPTEMBER 19, 2023

Supply chain executives must evolve from cost and service as the key objectives for optimal demand-supply balancing towards the “quadfecta” of cost, service, resiliency, and sustainability. The bullwhip effect is one example of this disruptive effect, when small changes in demand cause huge demand spikes downstream.

Supply Chain Design Software 154

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

Logistics Viewpoints

JULY 10, 2024

For companies with any complexity surrounding products, channels, or customers, no IBP process can be considered robust without employing SCP tools. ARC defines supply chain planning (SCP) products as including supply planning, demand planning/inventory optimization, and network planning. An optimal plan is not a perfect plan.

Supply Chain Planning Software 156

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

Logistics Viewpoints

SEPTEMBER 19, 2024

Additionally, software vendors continuously invest in tuning the performance of their algorithms and models. There is limited value to running an outdated process faster, and that value drops considerably when significant portions of the process run outside the enterprise tools.

Supply Chain Planning Software 141

Supply Chain Planning Software Scenario Planning Supply Chain Software Supply Chains 141

AIMMS

DECEMBER 8, 2016

The company started working with AIMMS and our implementation partner Districon in October 2015 to develop a Demand Aggregation tool. We had the pleasure to speak with Willem Vesters, Liberty Global’s VP Global Supply Chain Planning, to learn more about their optimization journey. That’s a good question.

Optimal Sourcing 91

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Optimization Software 91

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. We relaxed constraints to allow the model to add (and fund) more distribution centers and also close distribution centers, where they didn’t support an optimized solution.

Supply Chain Design Software 116

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

Logistics Viewpoints

NOVEMBER 11, 2024

Mr. Masson of ARC points out, “Each AI use case requires specific datasets and may necessitate different tools and techniques.” Developing Models : Building and scaling AI models in a manner that ensures they are reliable and understandable. The agent selectively pushes data to the Aera data model.”

Supply Chain Planning Software 147

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

Logistics Viewpoints

APRIL 24, 2023

The supply chain design solution, for example, continues to grow in depth and usability. An example of this electronically automated process flow would be a buyer asking a supplier if they can provide 1,000 widgets on January 10 th , the seller replies “we can do 950 on July 11 th , is that OK?” Coupa meets this definition.

Supply Chain Design Software 134

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 134

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

GlobalTranz

FEBRUARY 2, 2015

In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Distributors will inbound to a manufacturer the inventory needed and transportation management, especially inbound freight management, efficiency is paramount to an effective vendor managed inventory model. It was a “win-win” partnership.

Vendor Strategies 94

Vendor Strategies Inventory Reduction Modeling Software Inventory 94

Log-hub

AUGUST 14, 2024

3 min read Supply chain optimization is crucial for businesses to enhance efficiency, reduce costs, and improve customer satisfaction. Here are some real-life examples of successful supply chain optimization across various industries. Sustainability and resource management are also critical concerns.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Optimization Software Inventory Reduction 40

Logistics Viewpoints

MAY 9, 2024

Another example is commuting. A basic form of probabilistic modeling has long been used in demand planning. Supply chains have historically relied on deterministic models fixated on one-number plans, failing to account for variability and unpredictability. Why Probabilistic, Why Now?

Supply Chain Planning Software 165

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

Logistics Viewpoints

MAY 6, 2021

A storm, for example, could slow the vessel down and increase transit time from one port to another. Marine optimization technologies help address all these issues. Applying optimization technology in a practical environment increases efficiency while lowering the pollution footprint across the marine supply chain. 1] [link]. [2]

Supply Chain Planning Software 178

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 178

AIMMS

JUNE 5, 2019

Using Gartner’s supply chain CORE model (Configure, Optimize, Respond & Execute) you may find that when hitting the Execute time horizon, there’s simply no time for a human to make a great decision. An interesting example of this is the capability AIMMS has provided in the utility grid business for the last 15 years.

Supply Chain Planning Software 120

Supply Chain Planning Software Optimization Software Supply Chain Software Scenario Planning 120

ShipLilly

JUNE 23, 2021

There are examples of artificial intelligence being used to achieve these goals. For example, an online movie platform can prepare a recommended list for users based on their profile and previous behavioral patterns. Function 2: Optimizing manufacturing processes. This is done using sensors that work automatically.

Optimal Sourcing 87

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 87

GlobalTranz

JANUARY 21, 2015

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. This example, the pencil, is already a high value item). What is Value Analysis?

Vendor Strategies 96

Vendor Strategies Inventory Reduction Cost Reduction Waste Reduction 96

Logistics Viewpoints

JUNE 27, 2024

” Today, consumers can access various tools to select suppliers and retailers that offer the best prices, superior services, and delivery options tailored to their lifestyles. This customer pays the bills and has the power to make or break a business. “There is only one boss. The customer. ” – Sam Walton, CEO, Walmart.

Supply Chain Software 143

Supply Chain Software Supply Chains Trends Logistics Network Optimization Software 143

Logistics Viewpoints

DECEMBER 2, 2024

During COVID, this more agile and resilient model allowed the firm to grow their market share. An iGPU (integrated graphic processing unit) is a current example. We have complete visibility of the performance of the entire supply chain in one tool. This was meant to be an internal tool for Lenovo.

Supply Chain Planning Software 125

Supply Chain Planning Software Supply Chain Software Scenario Planning Supply Chains 125

AIMMS

JUNE 20, 2017

Supply Chain Network Optimization is key to running an efficient and profitable operation today. But while the market has changed, network optimization hasn’t actually advanced much since the 1990s. Yet, supply chain network optimization technology is still just a richer version of the 90’s experience.

Network Optimization Software 62

Network Optimization Software Optimization Software Supply Chain Software Modeling Software 62

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 15

Optimization Software Optimization Modeling AIMMS Optimization 15

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 105

eCommerce Operations Inventory Reduction Modeling Software 105

AIMMS

APRIL 11, 2018

The first product of this partnership is TacticalOps, a Planning & Optimization solution for Food Manufacturers. I spoke with Luis Pinto, Partner at UniSoma, to understand the need for new planning and optimization solutions in the global food supply chain. I’ve seen the attitude towards optimization evolving yes.

Optimization Software 62

Optimization Software Optimization Modeling Supply Chain Planning Software Optimization 62

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

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 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

JULY 14, 2021

The complete process would include procurement, creation of a route guide, planning and optimization, electronic communication with carriers, visibility and exception management, freight audit, and performance management. For example, in the US, May 2020 alone eclipsed the entire 2019 holiday shopping season and $82.5

Optimization Software 159

Optimization Software Supply Chain Planning Software Supply Chain Design Software Modeling Software 159

AIMMS

NOVEMBER 12, 2019

Let’s take some examples. . Other questions I see include: “How many statistical models does your tool support?” “Are Are there limits to the number of models?” “Can Can a user customize the statistical model?” Do you need a lot of models to develop a statistical forecast? Consider another example.

Supply Chain Planning Software 101

Supply Chain Planning Software Procurement Solutions Modeling Software Supply Chain Software 101

The Lean Thinker

FEBRUARY 4, 2021

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.

Modeling Software 195

Modeling Software Optimization Software Analysis Tools 195

Logistics Viewpoints

MARCH 4, 2021

Ensure that, somewhere along the way, data diagnostic tools will be used to check for missing and inconsistent data automatically. . Modeling the impact of weather events. Modeling the impact of weather events. Modeling impact of promotions and campaigns. Understanding the impact of the market price index on your demand.

Supply Chain Planning Software 164

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

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.

Optimal Sourcing 166

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 166

Logistics Viewpoints

JANUARY 19, 2021

Compared to traditional forecasting models on spreadsheets, the benefits from simulation software come in the form of a holistic overview of both current and potential operations through a user-friendly interface. Through warehouse simulation, you can accurately visualize all the attributes of the warehouse in a 2D or 3D computer model.

Supply Chain Software 103

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