Logistics Viewpoints

APRIL 10, 2024

For example, a robust supply chain may have backup power generators, firewalls, security systems, and emergency plans to prevent or mitigate the effects of disruptions. For example, an agile supply chain may have real-time data, advanced analytics, decision support tools, and cross-functional teams to monitor, diagnose, and solve problems.

Baltimore 250

Baltimore Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 250

SYSPRO Smarter ERP

SEPTEMBER 6, 2022

There is a common cliche that necessity is the mother of invention – and by extension, innovation. The past two and half years have certainly brought a variety of challenges and opportunities that have made innovation not just a preference, but essential for manufacturers and distributors to thrive into the future.

Manufacturing Procurement 111

Manufacturing Procurement Innovation Optimal Sourcing Manufacturing 111

Supply Chain Shaman

JUNE 9, 2023

The demand must be embraced as a flow, not an analysis of time-phased data, to drive better insights. With the rise of logistics and procurement constraints, an analysis of only manufacturing does not yield a feasible plan. A Focus on Safety Stock Is Too Narrow for Effective Inventory Management. Here are a few of the gaps.

Optimal Sourcing 314

Optimal Sourcing Supply Chain Planning Software Supply and Demand Supply Chain Design Software 314

DELMIA Quintiq

MAY 11, 2022

It can be made with many different characteristics, for example, different chemical compositions to increase strength, durability, etc. For example, old steel used in an industrial context can be recycled into consumer products such as home appliances, automobiles and more. Steel is one of the most recycled material in the world.

Material Savings 317

Material Savings Supply Chain Planning Software Optimization Software Analytics Software 317

ShipBob

JANUARY 15, 2024

If you don’t have enough inventory on hand you risk selling out. Too much, and you’ll be stuck with an inventory glut. An inventory glut occurs when a company has surplus inventory and the stock of products far exceeds its demand. What is inventory glut? Inventory glut affects businesses both large and small.

Inventory Reduction 52

Inventory Reduction Price Reduction Cost Reduction Strategies Waste Reduction 52

Supply Chain Shaman

DECEMBER 27, 2022

McKinsey promises improved agility (not defined) with up to a 30% reduction in operational cost and a decrease in inventory of 75%. (I For example, I am working with a client that has deployed Ariba from SAP, GT Nexus from Infor, Everstream, and Project 44. Here are some additional examples: Hands-free processes?

Supply Chain Software 405

Supply Chain Software Supply Chain Planning Software Supply Chain Design Software Inventory Reduction 405

DELMIA Quintiq

JULY 7, 2021

A key challenge is to not over-produce and stock up on excessive inventory while at the same time be ready for summer by securing on-shelf availability and fulfillment. Typically, they start building inventory at the end of the year by implementing reliable demand forecasts plus sound inventory and production management.

Supply and Demand 296

Supply and Demand New Zealand Supply Chain Planning Inventory Reduction 296

Unleashed

MAY 25, 2023

Do you know your optimal inventory levels? Inventory planning enables you to order the right stock at the right time to meet demand and prevent overstocking. What is inventory planning? It is a key function of modern inventory management. Let’s take a quick look at some of the core benefits of inventory planning.

Supply Chain Planning Software 52

Supply Chain Planning Software Procurement Solutions Inventory Reduction Forecasting Software 52

Logistics Viewpoints

JANUARY 26, 2024

Emergency vehicles, for example, would be exempt, and the California Highway Patrol could authorize the system’s disabling in certain other cases. Retailers are reviving an old playbook to manage their inventory levels after four years of struggling to find the sweet spot of holding enough merchandise but not too much.

Logistics Network Optimization Software 232

Logistics Network Optimization Software Logistics Panama California 232

GlobalTranz

JANUARY 16, 2017

Modern supply chains are evolving beyond anyone’s expectations due to increased use of cloud-computing technologies, wearables and advanced data analysis. A common theme of the 2016 predictions was growth and scalability, so let’s look at how companies are using these technologies as we prepare for the innovations of 2017.

Supply Chain Design Software 120

Supply Chain Design Software Analysis Supply Chain Software Inventory Reduction 120

Supply Chain Shaman

APRIL 30, 2020

Together, we need to go to a place that we have never been before in the evolution and innovation of supply chain processes. In the eight years of the Supply Chains to Admire Analysis, there has never been a winner in the pharmaceutical industry. In Table 1, we share the Supply Chains to Admire 2019 analysis. Recommendation.

Supply Chain Design Software 357

Supply Chain Design Software Supply Chain Planning Software Supply and Demand Supply Chain Software 357

Supply Chain Shaman

JUNE 7, 2021

He also believed that supply chain leaders could easily select top-performing supply chains and designed the AMR Top 25 Supply Chain (now the Gartner Top 25 analysis) to be 25% of the score. I advocated a study, an analysis of market value. A forum was great for networking but not for driving process innovation. I disagreed.

Gartner 198

Gartner Supply Chain Design Software Supply Chain Planning Software Eliminating Excel in Purchasing 198

Logility

OCTOBER 19, 2023

To gain control over their costs and pricing, supply chain leaders must capitalize on the recent stabilization of production capacity and inventory levels. Through meticulous optimization, consumer packaged goods companies can curtail transportation expenses, minimize inventory holding costs, and reduce operational expenses.

Network Optimization Software 130

Network Optimization Software Modeling Network Optimization Supply Chain Optimization 130

ThroughPut

JANUARY 2, 2024

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

Inventory Reduction 52

Inventory Reduction Just-in-Time Resource Reduction Expense Reduction 52

Supply Chain Shaman

AUGUST 7, 2019

Lab work testing follows vital sign analysis. When I asked for an analysis of the customer service data with a root cause analysis, it was not available. Six months later based on the work of four hard-working employees, we were able to get the analysis to start to roll-up our sleeves. Let’s take an example.

Supply Chain Design Software 252

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 252

Logility

NOVEMBER 28, 2023

Yet, as supply chain innovators, we also know the rich history of applying technologies to continuously resolve these challenges and optimize S&OP outcomes. By moving beyond conventional, backward-looking methods, planning can forecast demand and inventory at the speed of the market.

S&OP 130

S&OP Supply and Demand Supply Chain Planning Software Scenario Planning 130

Talking Logistics

NOVEMBER 3, 2014

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.” Forecasting. Technology.

Innovation 174

Innovation Supply Chain Design Software Optimal Sourcing Logistics Network Optimization Software 174

Unleashed

JANUARY 24, 2022

Maintaining healthy levels of Maintenance, Repair and Operations (MRO) inventory is essential to the smooth running of your manufacturing, distribution or wholesaling operation – even if MRO goods aren’t part of your final products. Learn more: What is Inventory Management? Techniques for 2022 What is MRO inventory?

Inventory Reduction 98

Inventory Reduction Inventory Management Software Procurement Solutions Supply Chain Software 98

Supply Chain Shaman

JULY 25, 2021

In fact, in our Supply Chains to Admire analysis, we find that this is true in twenty-five of twenty-eight industry sectors studied. Orbit Chart of Four Industry Sectors at the Intersection of Operating Margin and Inventory Turns (Year-over-Year Averages for the Sector). Only four percent of companies outperformed their peer groups.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Supply Chain Shaman

APRIL 15, 2020

I firmly believe that the rebound of the economy requires strong supply chains, but to make this happen, we need to turn our backs on historic practices and innovate new ways of working. An example is a focus on moving and buying ventilators without an assessment of the availability of critical parts and skilled therapists.

Supply Chain Planning Software 443

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 443

Supply Chain Shaman

OCTOBER 5, 2018

The award, based on beating the industry peer group on rate of improvement on the key metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC) while outperforming their peer group, is tough to achieve. We complete the analysis each year. In this analysis, patterns matter.

Case Study 263

Case Study Inventory Reduction Agile and Lean Supply Chain Study 263

Stord

JANUARY 7, 2019

The Wall Street Journal’s recent analysis of retailers’ logistical challenges highlights the appeal and success of alternative solutions to traditional warehousing in retail and beyond. The software that these new approaches often offer allows shippers to view their inventory more easily. Visibility is also vital.

Warehousing 78

Warehousing Analysis Price Reduction Inventory Reduction 78

Logistics Viewpoints

MARCH 8, 2021

For example, go to the Walmart, turn right, and it is the third house on the left. This digital twin contains network costs – the inventory carrying cost is X for this product, by Y for this one. The cost reduction includes sourcing, customs & duties, transportation, production, and inventory holding costs.

Supply Chain Design Software 255

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Modeling 255

Unleashed

JANUARY 29, 2024

Stock-keeping-unit (SKU) rationalisation is an inventory management method for improving the performance and profitability of your business. This article looks at the SKU rationalisation process, how to utilise SKU rationalisation analysis for your business, and some essential best practices for implementing it.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 52

Logistics Viewpoints

MAY 11, 2023

In the warehouse context, a digital twin can be created to represent the physical layout, inventory, equipment, and workflows of a warehouse. Inventory management Another area where digital twins can be beneficial is inventory management. come with any of them.

Modeling 236

Modeling Analytics Software Supply Chain Design Software Optimization Software 236

Supply Chain Shaman

JUNE 23, 2020

I find in my Supply Chains to Admire research that 96% of companies (when compared to their peer groups) are unable to drive improvement while delivering higher performance year-over-year on a balanced scorecard of growth, inventory turns, operating margin and Return on Invested Capital (ROIC). The term “AI” is overused.

Supply Chain Design Software 292

Supply Chain Design Software Supply Chain Planning Software Analytics Software Optimization Software 292

Elementum

FEBRUARY 7, 2024

Business Process Automation AI: Revolutionizing Efficiency in the Digital Age Artificial Intelligence (AI) is dramatically transforming Business Process Automation (BPA), ushering in a new era of operational efficiency and innovation. Businesses gain agility and can focus human resources on strategic work.

Sourcing Strategies 78

Sourcing Strategies Supply Chain Software Optimal Sourcing Predictive Analytics Software 78

Supply Chain Shaman

FEBRUARY 28, 2021

As I look at the financials, I question what the value could be if we got serious about innovation through new forms of analytics. For a gal like me, innovation is painfully slow. Companies are hanging their hats on marketing buzzwords, not innovation. While the term AI is bandied-about, innovation is slow.

Supply Chain Planning Software 377

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Analytics Software 377

Supply Chain Shaman

FEBRUARY 14, 2022

They gave lip service to the need for IT standardization, but ran their process on a custom built model that enabled reverse bill of material, and profitability analysis. They were ahead of their time on simulation analysis and cross-functional orchestration.). Let’s start with inventory. So, why are inventories higher?

S&OP 195

S&OP Supply and Demand Procurement Analytics Manufacturing Procurement 195

Logility

JUNE 23, 2022

McKinsey quotes a stack overflow survey that shows “the… technologies I’d be working with” is much more important than, for example, “the industry that I’d be working in” when making a job choice. And with improved forecast accuracy comes reductions in inventories, lost sales, expediting costs and obsolescence costs.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Software Forecasting Software Demand Planning Software 173

Logility

OCTOBER 22, 2020

Automatic model switching to improve forecast accuracy is just one of many examples of the early use of ML to continually tune the digital supply chain and optimally leverage physical supply chain network performance. The ML market has grown rapidly, but there’s more growth and more innovation ahead. You should be part of it.

Supply Chain Planning Software 182

Supply Chain Planning Software Forecasting Software Supply Chain Design Software Optimal Sourcing 182

Freightos

MARCH 3, 2015

The secret behind the innovation is Google X , a lab whose boss has the job title “Captain of Moonshot”, focused on looking at what everyone thinks is impossible and flipping it on its head. For example, it has already taken hold in online B2C transactions – placing orders and tracking delivery among other things.

Supply Chain Software 120

Supply Chain Software Gartner Innovation Supply Chain Optimization 120

Logility

MAY 6, 2021

By asking “what if” with a disciplined framework of data-driven trending, analysis, and simulation, decision-makers can evaluate strategic and operational alternatives that can challenge the status quo and offer better ways to get business done. But predicting change is just the beginning.

Scenario Planning 240

Scenario Planning Modeling Supply Chain Planning Software Supply Chain Planning 240

Adexa

JULY 17, 2023

As an example, what follows was created by generative AI. It allows organizations to track and monitor inventory levels, production status, transportation, and other crucial supply chain activities. Processes that used to take days can now be done in minutes. In the past it would take us hours to produce a blog.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Agile and Lean Supply Chain 98

Kinaxis

JANUARY 22, 2015

by Melissa Clow Our partner Celestica recently published the following article, ‘How to Turn Your Supply Chain into an Innovation Engine’. The author, Erwin Hermans, vice president of supply chain services, describes the areas to consider when turning your supply chain into an innovation engine: An Enabler for New Business Models.

Modeling 100

Modeling Innovation Supply Chain Design Software Supply Chain Optimization 100

Supply Chain Shaman

MARCH 28, 2016

” The journey for value requires a clear definition and analysis of what is possible. The analysis needs to be measured through an evaluation of year-over-year improvements. In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time.

Pharmaceutical 195

Pharmaceutical Metrics Manufacturing Procurement Supply Chain Planning Software 195

Logility

MARCH 31, 2023

For many companies worldwide, delivering this advantage to their entire supply network relies on leveraging the latest digital innovations with access to AI and embedded analytics. This allows you to rapidly realign production resources and avoid impacted areas immediately through a transparent analysis of cost and service impact.

Supply Chain Planning Software 130

Supply Chain Planning Software Supply Chain Design Software Prescriptive Analytics Software Agile and Lean Supply Chain 130