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.

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.

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.

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?

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

If you’re not able to clearly see, examine, impact and manage every aspect of your supply chain and inventory processes – order status, shipments, in-transit goods, trade documents, costs, exceptions and more – you might as well be operating with blinders on.

Combat Rising Transportation Costs and Driver Shortage With Supply Chain Analytics

Savi

Today’s driver shortage is helping to drive transportation costs higher. On top of all these factors, the driver shortages, an almost 100% driver turnover rate, and increased demand further jam up the supply chain and limit transportation options.

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?

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.

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.

Analyzing the Analytics of Supply Chain Planning

Logility

Climbing the Ladder of Analytics Value. Amid the general buzz in the supply chain planning field regarding optimization solutions and algorithmic planning, a diagram of value vs. difficulty lays out four stages of analytics by their difficulty and potential value.

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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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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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.

Three New Ways Retailers Can Improve Inventory Performance

ToolsGroup

But omnichannel retail is causing retailers to revisit practices like this and explore a new approach that flips the sequence, using analytics to first determine what is likelier to sell, then deciding what to carry. Editor's Note: There will be no blog post next week.

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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.

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

Cerasis

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. Big data analytics gives supply chain leaders a way to reach this goal.

E-Commerce and TMS: The Role of Transportation Technology for Shippers to Kill It at E-Commerce

Cerasis

Transportation managers are spending upward of 80 percent of working hours just looking for available shipping capacity, reports Talking Logistics , reflecting a portion of companies that have not leveraged the power of a TMS. E-Commerce Logistics Technology TMS Transportation

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!

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. Integrate all supply chain systems, increasing savings in transportation management, procurement and everywhere in between.

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?

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. Let’s take a closer look at how Transportation Management System ROI actively strengthens supply chains. Transportation Management System ROI: What Other Business Areas Can Benefit? Cloud-Based Data Analytics Identify Trends and “Concerns.”.

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. Data and analytics will continue to be critical, but so will the ability of students to learn how to model real-world and projected business situations using different analytical tools for decision-making.

Where Do the Savings from Managed Transportation Services Come From?

Talking Logistics

Managed transportation service providers work to deliver transportation solutions to maximize service at the lowest cost through people, process, and technology. The process involves investigating the current transportation activities and engaging in new opportunities for cost-savings while optimizing service levels. A recent ARC Strategies study on managed transportation services found, on average, MTS can save a company between 2 and 10 percent of its transportation spend.

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.”.

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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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.

Tapping into Big Data to Enable Actionable Supply Chain Visibility and Predictive Analytics

Supply Chain Nation

TransVoyant is at the forefront of the predictive analytics space. The partnership between JDA and TransVoyant combines best in class supply chain planning and execution with real-time visibility and predictive analytics. This will result in improved return on inventory, on-time performance and effective inventory movement. Supply Chain predictive analytics TransVoyantSupply chain disruptions are inevitable.

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

Supply Chain Nation

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. 3PL Logistics Supply Chain big data predictive analytics third-party logisticsIt takes a lot of data to make a good decision.

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.

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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Multi-echelon Inventory Optimization and Lean/Six Sigma

Supply Chain Action Blog

One of the most predominant lean tools used for identifying waste is Value Stream Mapping which helps identify eight wastes, including overproduction, waiting, over-processing, unnecessary inventory, handling and transportation, defects, and underutilized talent. In inventory management, this often happens through a reduction of lead times and lot sizes. The Emerging Role of Optimization in Business Decisions.

Harvey’s Impact on the Global Supply Chain: The Role of Analytics

NC State SCRC

Entire warehouses full of products, as well as significant links in the global supply chain could be affected, as well as transport and other nodes. What is the role of analytics in creating managerial insights into such events? A third area for analytics is loss of limitation.

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.

Brexit: 5 Things Supply Chain Leaders Should Consider to Prepare for its Impact

AIMMS

It also explains how analytics can help you determine the best way forward. Transport companies are already reporting higher costs and manufacturers will undoubtedly be affected as well. Do you need to set up new inventory locations?

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!