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Supply Chain Inventory Optimization – Beyond the Analytics

Cerasis

It is easy to make analytics the cornerstone of warehouse and distribution center management. While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes. Siloed Data Must Be United for True Supply Chain Inventory Optimization. Siloed data and disparate systems skew analytics results. Optimized Inventory Builds Credibility.

Seeing the Future with Predictive Analytics

Enterra Insights

Today, in addition to those activities, new analytical tools are available to help business leaders predict what could happen in the future. Looming risks like wars, environmental and labor regulations, natural disasters and transportation challenges are placing many retail supply chains and retail profit centers at the mercy of the unforeseen.”[1] ” Types of analytics. What you want from your data determines which kind of analytics you need to apply.

Real-Time Inventory Management: 5 Ways Advanced Computer Analytics Will Transform Traditional Inventory Management

Cerasis

Manufacturers have always struggled to obtain the most accurate inventory levels possible. A need for real-time inventory management has arisen, but until now, we didn't have a way to make it a reality. In our predictions’ blog post from earlier this year, we noted how customization will begin to replace traditional inventory management, and essentially, customization goes back to using computer analytics to generate a more accurate, successful view of inventory management.

Enabling S&OP through Advanced Analytics

Logility

At the Informs Business Analytics Conference in Las Vegas last year, I spoke about the potential to enable S&OP / IBP through advanced analytics. There should be no mystery to analytics. Transportation Load and Route Optimization.

Analytics in Distribution and Manufacturing Taking Center Stage

Cerasis

Analytics has been a buzzword in recent years. Everyone seems to be clamoring to get on the big data and analytics train. Part of this drive toward more interest in analytics in distribution and manufacturing comes from the ability of analytics to reduce inefficiencies dramatically and increase productivity in both physical and virtual sales environments. How Are Analytics in Distribution and Manufacturing Being Used?

Minimizing Supply Chain Disruption Through Analytics: A Brief Guide

Cerasis

Using analytics in the supply chain has the most potential to dramatically reduce costs of supply chain management, as well as minimizing supply chain disruption. Unfortunately, the upfront investment costs for deploying the technology necessary to use analytics can be difficult to justify, so Warehouse Managers need to know a few things about house analytics to enable the minimization of supply chain disruptions. This is where analytics come into play.

Supply Chain Analytics: A Continued & Renewed Focus on Using Data for Improvement

Cerasis

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. What Do Supply Chain Analytics Have to Do With This Ability?

Combat Rising Transportation Costs and Driver Shortage With Supply Chain Analytics

Savi

Today’s driver shortage is helping to drive transportation costs higher. Numerous aspects involving shipping information create longer wait times at plants and distribution centers. As the chart indicates, truck transport costs rose sharply in 2017 and aren’t slowing down.

The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

One of the often missing links, however, in supply chain visibility, is transportation management. We call this the transportation supply chain. What is the Transportation Supply Chain? Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer’s handle. Any supply chain’s success is closely linked to the appropriate use of transportation.

Using Data Analytics and Blockchain in Retail to Sift Through Needs Faster

Cerasis

Data analytics can be applied to virtually any supply chain process, and analytics hold great value in managing retail supply chains. Although data analytics help retailers make informed decisions, the potential of blockchain is worth considering as well.

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Control Towers: If Only There Was A Clear Definition

Supply Chain Shaman

While there are many types of visibility (see Figure 1), the most common use case is either sourcing or transportation visibility. What most companies want is a system with prescriptive analytics to tell them when a shipment is expected to be late and what action to take.

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Top 5 Ways Inventory Tracking Technology Is Evolving

Cerasis

In fact, a recent survey of economic experts, reports Jeff Wacker of Retail TouchPoints, found up to 59 percent of retailers are making plans to invest in technology, which includes inventory tracking technology. Inventory Tracking Technology Leverages Internal and External Real-Time Data.

Operational Analytics and A Modern Data Hub Help Suppliers Meet Walmart’s OTIF Standards

Silvon Software

As a result, demand forecasting miscalculations, raw materials and finished goods inventory shortages, manufacturing interruptions and transportation delays can wreak havoc on their ability to meet OTIF standards. Intelligent Analytics

Supply Chain Big Data: Why Supply Chain Leaders Are Using Big Data Analytics

Cerasis

Supply chain industry leaders have access to more information today than ever before in history. Big data is collected from a variety of sources, such as internet websites, transportation management systems, individual-employee data entry, and more. Big data analytics allows supply chain leaders to identify what portions of the customer journey are threatened. Social Media and Big Data Analytics. Increase of 50% in optimization of inventory and asset productivity.

IoT Inspired Smart Warehouses Are Reinventing Inventory Management

Cerasis

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity. Share information, to increase visibility and responsiveness of all parties involved. Integrate all supply chain systems, increasing savings in transportation management, procurement and everywhere in between.

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I visited the BVL Kongress in Berlin, and also attended the International Institute for Analytics ”Chief Analytics Officer” meeting last summer. We just finished hosting over 150 executives at our Supply Chain Resource Cooperative, with a theme on Supply Chain Analytics. Not surprisingly, analytics is at the top of the list. Supply Chain Analytics Will Emerge as a Key Enabler to Performance. 2013 has certainly been an interesting year!

Transportation Management System ROI: What Other Business Areas Can Benefit?

Cerasis

Unless your organization has been absent from the takeover of TMS in the conversations of online and print media, you have likely encountered plenty of reasons why a transportation management system (TMS) benefits shippers. Unfortunately, the information is not always clear, and figuring out if the investment into a TMS is worth it can be even more frustrating. Let’s take a closer look at how Transportation Management System ROI actively strengthens supply chains.

Greater Supply Chain Savings Thanks to Transportation Management

Cerasis

Therefore, more companies have partnered with third-party logistics providers ( 3PLs ) to achieve greater supply chain savings and presence in such markets through enhanced transportation management systems ( TMSs ). To maintain your role in the global market, you need to understand how 3PLs contribute to an improve transportation networks. Greater Supply Chain Savings Thanks to Transportation Management. Why Do Supply Chains Need Transportation Management?

SCRC Meeting Part 2: DHL’s Advanced Analytical Team Models Logistics Challenges

NC State SCRC

Omer Rashid is a senior director of analytics, having worked about 20 years or more with DHL. The team focuses on Facilty design for warehouses, transportation routing and scheduling, assembly kitting/packaging, and network optimization. We tasked our team to create a decision-support tool around the number and size of cartons – and the operations we run involved WMS information, shipping, item master informaton, and other data.

What Should an LTL Transportation Management System Do for Me as a Shipper?

Cerasis

Rather than looking at it with only two options, shippers need a third solution; they need to take advantage of an LTL transportation management system (TMS), focusing on how leveraging today’s systems, like the Cerasis Rater , can maintain profitability and drive expenses down. What Modules Should an LTL Transportation Management System Offer? Analytics systems and automated reporting help you make data-based decisions, so LTL selection and costs decrease.

How Safety Stock Absorbs Demand Volatility

ToolsGroup

But companies can overcome this obstacle by positioning the right inventory across the supply chain to absorb such volatility. Surprisingly, there is an immediately available, relatively straight-forward alternative – fixing your inventory (safety stocks) to cope with the forecast uncertainty.

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Experts Reveal Top Transportation Trends to Watch

Supply Chain Opz

In this article, leading experts from various sectors in transportation industry will discuss transportation trends you should take a closer look. James Winebrake, Dean of College of Liberal Arts, Rochester Institute of Technology There are a number of important trends happening in the freight industry, spanning all modes of transportation: trucking, shipping, rail, pipeline, and air. Are there other transportation trends to watch and why

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7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. Best-in-class global transportation empowers an organization to optimally manage its supply chains dynamically and holistically.

7 Core Competencies for Optimizing Global Transportation and Freight Spend

3rdwave

Managing a global supply chain network requires the ability to manage and control both global transportation execution and the associated freight spend. Best-in-class global transportation empowers an organization to optimally manage its supply chains dynamically and holistically.

Cloud-Based TMS: 7 Reasons Why Transportation Management Systems Have Their Heads in the Cloud

Cerasis

Transportation management systems ( TMSs ) are not a new concept, but where they are hosted now, in the cloud, is still new to the shipping industry. The basic benefit and reason for the cloud-based deployment of a TMS lies in storing information in a central location. This means managing shipments and inventory can be simplified and taken with you, giving you renewed freedom in operating your business.

7 Hurdles to Well-Managed Inventory and How to Top Them

Supply Chain @ MIT

Inventory mismanagement. Ingrained attitudes can block better inventory practices. Depending on which corporate silo you belong to, inventory can be a liability, an asset, or something in between. These attitudes often stand between you and your inventory management goals.

How Companies Can Leverage Big Data and Predictive Analytics to Optimize the Supply Chain

Supply Chain Nation

Big data isn’t just about collecting information, but the ability to do something with it to solve a specific problem. Some logistics providers dedicate a team skilled in data science to provide insights to their customers related to inventory management, distribution center positioning or strategic asset investment. Read the full blog post , which was originally featured in Transportation & Logistics International Magazine. It takes a lot of data to make a good decision.

Top 5 features to look for in a Transportation Management System (TMS)

Abivin

Selecting the correct software system for the business helps to attain process efficiency, gain visibility into the supply chain, and decrease general transport costs. TMS has become an indispensable tool in a growingly competitive and complex transportation landscape.

Four Reasons Why You Should Be Using Transportation Management Software

GTG Technology Group

Adopt Transportation Management Software Today. Transporting goods seems straightforward, but to the experienced professional, it’s a complicated balance of success, unforeseen circumstances, and problem management. Stop Holding Your Company Back!

5 Outstanding Transport & Logistics Book for Managers

Supply Chain Opz

Are you a transportation and logistics professional who are looking for inspiring ideas to improve the operations? This article will show you 5 amazing logistics books that provide the information you can really use. However, they asked "What are some good transport and logistics book you''d recommend?". Then, a synchronization of inventory management, warehouse management and transportation management is essential.

13 Reasons Why You Need a Global Transportation Management System (TMS)

3rdwave

In today’s turbulent trading environment, strong global transportation management capabilities deliver exceptional benefits and value. The reality is that most companies do a poor job of managing the global transportation process…if they manage it at all.

Fulfillment, Network Expansion, and the Implications on Inventory Management

FLEXE

Two decades of growth from Amazon, FedEx, UPS, DHL, and others have given rise to an expansive network of multi-modal shipping options and world class information systems. Inventory that does not tie up large amounts of working capital and is not perishable.

The Winding Road toward the “Autonomous” Supply Chain (Part 2)

Supply Chain Action Blog

Detect, Diagnose, Decide with Speed, Precision & Advanced Analytics. Ideally, your advanced analytics will be on the same platform as your wrangled supra data set.

Intelleflex Announces Cellular, GPS-equipped RFID Reader & Cloud-based ZEST™ Data Services Platform

Supply Chain Network

Intelleflex ZEST™ Data Services, a cloud-based repository for aggregating, warehousing and sharing information across the supply chain, facilitates on-demand access to actionable data for improved supply chain operations to provide a complete picture of data spanning the entire supply chain.

Control Tower Visibility: Delivering Value in Transportation

Talking Logistics

Companies today are facing significant transportation challenges — tight capacity, rising rates, and more demanding delivery expectations from customers. Navigating through these challenges requires timely and accurate visibility to what’s happening in their transportation operations, which is where Control Tower visibility comes in. VP Operations at Transplace , and Ken Rogers, National Transportation Director at Nestle Waters , in a recent episode of Talking Logistics.