article thumbnail

Multi-echelon Inventory Optimization vs Inventory Optimization

ToolsGroup

The subway system is the lifeblood of New York City, pre-COVID carrying an average of 5.5 Imagine what would happen if each station optimized its schedule and traffic independently: city-wide chaos would ensue. million people per day in 6,684 cars across 472 stations1.

Modeling 270
article thumbnail

FMCG Humour: Supply Chain Communication Clarity

Enchange Supply Chain Consultancy

The most recent expedition was to West Point near New York City. The freezer control on the ice cream warehouse has broken down. There is a new speaker system in the church. Forecast accuracy. A guy called William from the RM/PM warehouse. Your FMCG warehouse has just been robbed. Lost sales.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NRF 2023: Returns Management to the Rescue

Logistics Viewpoints

As a quick recap, a crowd of nearly 37,000 people flocked to the Javits Center in New York City to see what new solutions and innovations software suppliers had in store for 2023 and beyond. For this reason, more and more retailers are making returns management part of the forecasting process.

article thumbnail

This Week in Logistics News (October 27-31, 2014)

Talking Logistics

It was a great costume, and we looked great — except we were living in Arizona at the time and nobody outside of New York City (the only place the Blue Man Group was performing at the time) had heard of them, so every time we showed up at a party that night, people would yell out, “Hey, look, Smurfs !” Con-way Inc.

article thumbnail

Take a Retail Test Drive at NRF

BlueYonder

At NRF Retail’s BIG Show in New York City on January 17-19, 2016, JDA will be offering test drives of another totally different and exciting technology designed to please retail’s new boss—the consumer. Have you ever thought it would be exciting to test drive a Ferrari or some other exotic car? Seeing is believing.

article thumbnail

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

The subway system is the lifeblood of New York City, carrying an average of 5.7 The overarching goal of both IO and MEIO solutions is to efficiently match inventory levels to accommodate forecasted demand. You can see Microsoft's version here on their and my slightly modified version below.

Modeling 149
article thumbnail

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

The subway system is the lifeblood of New York City, carrying an average of 5.7 The overarching goal of both IO and MEIO solutions is to efficiently match inventory levels to accommodate forecasted demand. You can see Microsoft's version here on their and my slightly modified version below.

Modeling 120