Remove DC Remove Eliminating Excel in Purchasing Remove Forecasting
article thumbnail

What are Digital Twins and How Can They Drive Warehouse Efficiency?

Logistics Viewpoints

Specifically, through modeling and simulation of a digital twin you’re able to ‘virtually try before you buy’ — modelling different scenarios quickly and easily without interrupting operations, or committing significant time and capital. Do they purchase a 3D warehouse simulation and modeling tool?

Modeling 307
article thumbnail

How CPG Brands Can Harness the Power of POS Data

Silvon Software

Using POS Data for Improved Sales & Demand Planning By leveraging POS data, companies can additionally (and accurately) forecast future sales, which is crucial for demand planning. Improved Forecast Accuracy Since POS data reflects real consumer purchases, forecasts based on this data are more accurate.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Pushing the Supply Chain Reset Button

Supply Chain Shaman

Concurrent macro forces–material shortages, war, shifts in consumer buying patterns, logistics constraints, inflation/recession, and climate change– are reshaping today’s reality necessitating the need for a supply chain reset button. Supply chain excellence happens when leaders manage complex non-linear flows.

article thumbnail

How good is your crystal ball? Accurate forecasts drive efficient inventory management for retailers

o9 Solutions

Over the past few decades, retail supply chains were built for operational excellence, not agility. However, consumers’ shopping behavior is radically changing in terms of what they buy, how they buy, and how they want products delivered to them. Robust Demand Forecasting is Critical for an Agile Supply Chain Response.

article thumbnail

How good is your crystal ball? Accurate forecasts drive efficient inventory management for retailers

o9 Solutions

Over the past few decades, retail supply chains were built for operational excellence, not agility. However, consumers’ shopping behavior is radically changing in terms of what they buy, how they buy, and how they want products delivered to them. Robust Demand Forecasting is Critical for an Agile Supply Chain Response.

article thumbnail

Retail Distribution Center Automation: 6 Factors to Consider

C3 Solutions

For companies seeking to survive and excel in the current 'retail apocalypse' , understanding the right technologies to employ in their supply chain operations is critical. 1] To put that in perspective the United States' gross domestic product (GDP) for 2019 is forecast to reach $21.439 trillion. [2]. The Challenges.

article thumbnail

Ramping-Up Inventory for a New Distribution Center

New Horizon Supply Chain Blog

At the request of some customers, I wanted to share best practices for ramping-up inventory for a new distribution center (DC) and transitioning distribution lanes from the old DC(s) to a new one. To accommodate growth, the distributor is going to add a new DC and transition 50 stores from existing DCs to the new DC.