How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. It then uses this model to understand the impact of demand forecasting on inventory.

How manufacturers optimize their inventories

ToolsGroup

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. It then uses this model to understand the impact of demand forecasting on inventory.

Design, Operating and Situational Inventory Trade-Offs

ToolsGroup

Gartner analyst Paul Lord has developed a framework to better understand inventory trade-offs by categorizing those decisions according to the objectives they are meant to achieve: structural, operational and situational. or “How can we reduce inventory and improve our balance sheet?”.

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?

End to End Supply Chain Visibility - Solving The Data Problem

inventory more clearly, you can see. inventory. analytics via a cloud-based application that. ClearMet al | Solving the Data Problem in Supply Chain Transformation ClearMetal is a predictive logistics company that uses AI to enable supply.

Digital Inventory Management Key Battleground in Transformation of Brick-and-Mortar Retail

Cerasis

As e-commerce growth accelerates, shippers are working overtime to manage available inventory. It catalyzed brick-and-mortar retailers to offer online shopping opportunities, which require much more than manual inventory management practices.

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?

Inventory Management Remains Challenging

Enterra Insights

Every business person who deals with inventory management is involved in a balancing act. Keep too little inventory on hand and you risk losing sales and, on occasion, customers. Keep too much inventory on hand and the costs add up resulting in lower profits. It’s little wonder inventory management systems have gained popularity. ”[1] He adds, “Even with all this power, there are several disadvantages to inventory control worth considering.”

Taking a Holistic View on Inventory May Lead to Change in Strategy

Talking Logistics

Inventory optimization has always been a challenge while designing and planning a supply chain. A variety of barriers can impact an effective inventory strategy, such as working in functional silos and demand/supplier volatility¹. Asking the Right Inventory Questions.

Is Inventory Optimization a Key to Omnichannel Survival?

ToolsGroup

Industry analysts have pointed out an obvious fit with inventory optimization. If retailers optimize their inventory—dynamically aligning their supply chains to changing customer preferences and behavior—they can position inventory to satisfy demand at the lowest possible cost.

Executives see AI, Cognitive Analytics and Cloud as the Path to Innovation and Speed to Market

JDA software

According to research, executives are investing in new cloud-based AI and cognitive analytics capabilities that will provide them with end-to-end visibility and traceability across their extended supply networks, starting them on the road to autonomous supply chains.

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. I visited the BVL Kongress in Berlin, and also attended the International Institute for Analytics ”Chief Analytics Officer” meeting last summer. Not surprisingly, analytics is at the top of the list.

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

NC State SCRC

in Germany, and millions of shipments. The organization includes their Express business, Global Forwarding Freight of Air freight, ocean, and road, and Supply Chain, that is focused on Contract Logistics and Industry Solutions. Omer Rashid is a senior director of analytics, having worked about 20 years or more with DHL. Analytics Big Data Inventory Management Logistics Supply Chain Management Transportation Planning

Predictive Analytics in Supply Chain Management

Adjuno

This event was developed by and for Supply Chain and Logistics professionals. There were over 30+ speakers at the event addressing the topics across Supply Chain Management Trends, Logistics Innovation and Technology, Sustainability and latest hotspots.

The Top 5 Changes That Occur With AI in Logistics

Cerasis

There’s no other way to describe it: Artificial Intelligence (AI) is revolutionizing the world of logistics. The tech is fundamentally changing the way packages move around the world, from predictive analytics to autonomous vehicles and robotics. Logistics

Digitalisation of Logistics Industry and its Impact

20Cube Logistics

With rapid growth in technology, the logistics industry across the globe is experiencing a paradigm shift with fast track development driven by unique innovation and sturdy growth in the evolution of technology.

Cargo 52

The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

The election is over, but the race is just starting for logistics providers. From Amazon to hyper-local retailers, 2017 will be a year of intense scrutiny and pressure on logistics providers. The Top 6 Trends in Logistics Impacting Shippers in 2016. Logistics

Trends 294

Using Modeling and Analytics to Design a Resilient Supply Chain

Talking Logistics

You can use modeling technology to accurately identify and quantify potential supply chain risks and their corresponding costs, and develop mitigation strategies through scenario optimization and advanced analytics to build resiliency into your operations.

How Artificial Intelligence and Global Economic Factors Affect Inventory Optimization

ThroughPut

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management.

Creating an analytics organization for supply chain

Supply Chain View from the Field

I’ve been leading a few calls for the International Institute of Analytics, as a faculty lead for the manufacturing group. We are preparing for the Chief Analytics Officer meeting coming up in Chicago in June. One of the issues that comes up is where the analytics function should reside – in IT or in the business function? They are saying “we need to down the analytics platform, and define the roles and responsibilities of that area.”.

Uberization of Logistics Has Arrived

The Logistics of Logistics

For an industry that is forever on the move, the world of logistics is in a perennial state of change, facing numerous challenges and vague demands. For a logistics player, this is a do-or-die moment. How can an app entirely replace a logistics operator? Planning & Analytics.

[Infographic] 5 Ways STEM Education is Leading the Logistics Industry

Cerasis

The studies of science, technology, engineering and math (STEM) have shaped the logistics industry into what it is today. Logistics, the discipline that manages the shipping and distribution of goods to consumers, has made momentous strides in recent years with help from new technology.

Retail Analytics Systems Still Need a Human Touch

Supply Chain View from the Field

As more data becomes available in the grocery and retail environment, organizations are re-thinking their supply chain processes to drive increased automation, improved performance, and increased inventory turns. I recently completed a study for the International Institute of Analytics , to provide insights into the following questions faced by retailers confronted with the issue of how to exploit analytics to improve supply chain performance.

The 2017 State of Logistics Report: Uncertainty, Unsustainabiltiy Usurp Logistics  

Cerasis

The 28th Annual Council of Supply Chain Management Professionals ( CSCMP ) 2017 State of Logistics Report, published by A.T. Logistics Costs Are Unsustainable. logistics costs fell last year for the first time since 2009, reflecting concern within the industry. Logistics

Report 124

Data Driven Logistics: Using Visibility for Better Customer Experience

20Cube Logistics

Capturing data at each point is crucial for any process optimisation and with the advent of blockchain , this is possible, but whether data-driven logistics really help us achieve better results is still debatable for a few. and achieve just in time inventory. .

Data 78

This Week in Logistics News (January 11-15, 2016)

Talking Logistics

So let’s go straight to the supply chain and logistics news that caught my attention this week: Amazon poised to take on UPS, FedEx in delivery business (Seattle Times). XPO Logistics Trucking Subsidiaries Sued Over Driver Classification (WSJ – sub. I didn’t win the $1.6

This Week in Logistics News (May 14-18, 2018)

Talking Logistics

Okay, moving on, here’s the supply chain and logistics news that caught my attention this week: Target Tests Retail ‘Flow Center’ for Faster, Nimbler Distribution (WSJ – sub. Cloud Logistics Introduces TMS Made Easy Along with the Latest Zero-Downtime Upgrade.

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

Supply Chain Nation

Third party logistics (3PL) providers are starting to become more effective with how they leverage big data within the supply chain and are beginning to create more value by dedicating resources and building partnerships with technology providers and academia institutions. 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.

The Digital Transformation in Logistics: Technologies, Barriers and Predictions!

Supply Chain Game Changer

The path to increased operational efficiency and customer satisfaction lies in the digitalization of logistics workflows. Emerging Technologies in Logistics & Their Potential Impact. trillion on logistics and supply chain within the next five years. Subscribe Here!

Supply Chain and Logistics Predictions for 2016

Talking Logistics

Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. Making supply chain and logistics predictions is like throwing darts at a moving target. How will transportation, inventory, and sourcing policy decisions change in light of this cheap oil environment? Like oil prices, interest rates impact supply chain policies and decisions, especially with regards to inventory. The Case for Competing on Logistics Talent.

What You Need to Know About the State of eCommerce Logistics

Cerasis

Today’s logistics empire is not your grandfather’s or even your father’s logistics operation. Consumers are expressing an unprecedented amount of power through eCommerce, and in fact, eCommerce logistics is growing increasingly reliant on small parcel and package delivery options daily. But, by the end of 2012, eCommerce logistics had grown to 5 percent. Today, eCommerce is the primary driver of small package logistics.

6 Questions To Ask 3rd Party Logistics Companies for 2015 and Beyond

Cerasis

With an ever-increasing pool of third-party logistics (3PL) providers to outsource shipping needs to, understanding how to select the best 3PL is the difference between reaching your existing customers and gaining a new market share. Many different factors have been previously discussed on specific details of selecting a 3PL , but have you truly learned how to identify the top-notch 3rd Party Logistics Companies from the fly-by-night, intermediary 3rd Party Logistics Companies?

What’s the Difference Between Freight Management and Logistics Management?

Supply Chain Game Changer

What’s the Difference Between Logistics and Distribution? In business it is not uncommon to hear the words “Logistics Management” and “Freight Management” thrown around interchangeably. What is Logistics Management? Subscribe Here! Email Address.

This Week in Logistics News (April 8-12, 2019)

Talking Logistics

If you’re a robot looking to write a guest commentary for Talking Logistics, please contact me. Amber Road (a Talking Logistics sponsor) “has expanded its support for customs filing in Europe, in conjunction with the launch of a new multi-country customs warehousing platform.”

This Week in Logistics News (August 19-23, 2013)

Talking Logistics

I went to Home Depot earlier this week to return a purchase, and the customer in front of me wanted to exchange a defective power tool with the same model, but he couldn’t find any on the shelf even though the store’s inventory system said 5 units were in stock.

SCRC Meeting: Advanced Auto Parts is investing in Advanced Analytics to drive competition

NC State SCRC

The organization is moving towards an increasing analytical function, and a core cultural belief is around a passion for customers, speaking up, taking action, and moving forward. This question helped us recognize that we had no visibility over last mile logistics.

This Week in Logistics News (September 21-25, 2015)

Talking Logistics

Other than the Pope, it was a relatively quiet week for supply chain and logistics news, so let’s go straight to it: Social Collaboration Is At Hand with Infor Ming.le™ and Business Intelligence For Apple Watch. The Pope addressed the U.S.