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Elevating Inventory Management with Multi-Echelon Inventory Optimization

Logility

This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels. Enter Inventory Optimization (IO) as a vital strategy to combat supply chain stress. Yet, recent research suggests a more advanced approach, Multi-Echelon Inventory Optimization (MEIO), surpasses traditional methods.

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What are Digital Twins and How Can They Drive Warehouse Efficiency?

Logistics Viewpoints

The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. In the warehouse context, a digital twin can be created to represent the physical layout, inventory, equipment, and workflows of a warehouse. Physical change (i.e.,

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Give Analytics A Chance

Supply Chain Shaman

Warehouses are full and shelves are empty. Container inventory is imbalanced. We cannot change things overnight, but there are some steps that we can take through the use of advanced analytics. Fourteen of twenty-eight industries have rising inventories. In contrast, the balance of the industries lacks supply.

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Give Analytics A Chance

Supply Chain Shaman

Warehouses are full and shelves are empty. Container inventory is imbalanced. We cannot change things overnight, but there are some steps that we can take through the use of advanced analytics. Fourteen of twenty-eight industries have rising inventories. In contrast, the balance of the industries lacks supply.

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Digital Transformation in Logistics

Logistics Viewpoints

The final report focuses on the current state of key practices in digital transformation in logistics, spread across multiple industries and over 1,100 respondents. APQC Digital Transformation in Logistics Results On average, respondents report allocating 14 percent of their logistics and warehousing annual budget to technology.

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What is a Warehouse Management System (WMS)?

Unleashed

A warehouse management system (WMS) is a powerful software tool that can help improve warehouse efficiency and reduce the cost of holding inventory. What is a warehouse management system? Warehouse management systems aim to streamline and optimise the daily running of a warehouse or distribution centre.

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Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

Luckily, supply chain analytics is here to help! By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Key Takeaways What is Supply Chain Analytics?