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Inventory Planning vs. Inventory Optimization: What’s the Difference?

ToolsGroup

What’s the difference between traditional inventory planning and inventory optimization? Optimizing your inventory is a different beast than simply planning your inventory. They face a complex distribution network and optimizing inventory for each location is challenging. It’s a lose-lose game.

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One Multinational’s Supply Chain Transformation Journey

Logistics Viewpoints

A large multinational is undergoing an impressive supply chain transformation that will run through 2023. A Complex Supply Chain. Not surprisingly a company this big, delivering different solutions to a variety of industries, has a complex supply chain. In some case they manage inventory at the customer’s site. “We

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Top 15 Logistics Stories of 2022

Logistics Viewpoints

In early November, my colleague Steve Banker wrote an article looking at the top supply chain trends for 2023 and beyond. Supply chain disruptions have brought about an age of innovation. In my presentation, I highlighted five key transportation trends that are changing supply chains from a technology standpoint.

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Insights from Ryder Innovate 2014

Talking Logistics

The value of peer-to-peer learning and networking was evident at last month’s Ryder Innovate conference — “an exclusive gathering of senior leaders in transportation, logistics, and supply chain seeking strategic insight, new ideas, and thought leadership to improve their supply chain and fleet operations.” Demand Planning.

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The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

GlobalTranz

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. So, I hope the next article explains the evolved VMI model.” VMI is all about collaboration.

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Lifting The Gray Curtain

Supply Chain Shaman

Recently, I hosted the Supply Chain Insights Global Summit. Allyson Hatfield, demand planner at MARS Petcare presented. Allyson Hatfield, demand planner at MARS Petcare presented. ” The answer lies in the need to redefine work to improve the demand planner’s ability to model. ” “Oops!,”

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From Real-Time Visibility to Real-Time Decisions: Data’s Value Is Propagating Across Global Supply Chains

Logistics Viewpoints

I’ve said it before (right here in Logistics Viewpoints), but it’s worth repeating: the digital transformation of our complex global supply chains is an ongoing journey. The entire supply chain industry was caught flat-footed by the seismic disruptions wrought by the pandemic. We don’t have to think back very far. Lesson learned.