5 Powerful Prescriptive Analytics Examples in Supply Chain

AIMMS

The post 5 Powerful Prescriptive Analytics Examples in Supply Chain appeared first on AIMMS

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6 Supply Chain Analytics Examples to Keep You Competitive

River Logic

To illustrate the point, a recent paper from Ventana Research on supply chain planning revealed issues that companies using spreadsheet planning have experienced, including: Prescriptive Analytics Supply Chain Advanced Analytics predictive analytics Supply chain analytics Supply Chain Planning supply chain analytics examples

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8 Examples of Kanban in Lean Manufacturing

Unleashed

Here we give you eight real-world examples of how businesses use Kanban, a popular lean tool that’s helped companies in a huge range of sectors improve efficiency – especially those in the manufacturing industry. Software development is an example.

How To Create A Logistics Resume – Tips & Example

SCMDOJO

For example, the length of a logistics CV should not exceed 2 pages as a general rule. For example, consider using a bright backdrop color instead of a dark one.

Supply Chain Planning Maturity – How Do You Compare to Peers?

Today's supply chains are networked, global ecosystems. An event upstream in a different country or region can cause considerable disruption downstream. The COVID-19 pandemic is an extreme example of how this unfolds in practice. How prepared are supply chain teams to react and recover, from a planning maturity stance? Download this report to get exclusive insights on planning maturity!

PAR Levels in Inventory Management (with Formula & Examples)

Unleashed

Here we give you the complete guide to PAR levels – including what they are, who can use them, their benefits, the PAR level formula, examples, and tools you can use to manage your inventory using this method. For example: Imagine that your restaurant goes through 200 serves of chips per week.

An Example of Outstanding Change Management

ToolsGroup

One of the best examples I have seen of highly successful change management was presented by Tina Jalap from the Swedish pharmacy chain Kronans Apotek. Some examples: Q: If a customer asks for a product that we don’t have, how will the system know that there is a demand? Managing change at the individual level is essential to realize benefits across the organization. Companies pick supply chain planning software based on the benefits to the business.

Supply Chain Leadership Model Example in Retail Apparel Industry

Supply Chain Matters

The post Supply Chain Leadership Model Example in Retail Apparel Industry first appeared on The Ferrari Consulting and Research Group / Supply Chain Management.

Scenario Planning Examples: What COVID-19 Has Taught Us

River Logic

Scenario Analysis COVID-19 supply chain risk Scenario planning coronavirus

Scenario Planning Examples: What COVID-19 Has Taught Us

River Logic

Scenario Analysis COVID-19 supply chain risk Scenario planning coronavirus

Common Use Cases for Mathematical Optimization

What is mathematical optimization and what are some of the most common use cases for across industries? How can this type of prescriptive analytics be applied to lower costs, reduce carbon emissions, and build more resilient supply chains? Find out in this guide.

Three practical examples of machine learning transformations in supply chain

John Galt

While machine learning is not a new technique, over the past few years there has been a resurgence in its importance

Some Examples of Total Cost to Serve (TCTS) Models in FMCG Route to Market

Enchange Supply Chain Consultancy

Since then, I have had several questions and comments asking for some examples of TCTS models. So, in the link below, I have provided some examples. In my last blog we discussed how the Total Cost to Serve (TCTS) can impact the FMCG Route to Market.

Examples of How Supplier Quality Management System Implementations Pay Off

GlobalTranz

We conclude our series on supplier quality management (SQM) today with a look at some case studies and examples of benefits derived from the application of a supplier quality management system. Examples and Case Studies from the Implementation of a Supplier Quality Management System. link] Twitter Google+ LinkedIn The post Examples of How Supplier Quality Management System Implementations Pay Off appeared first on Freight Logistics Company | Cerasis.

Shipping Container Shortage–Another Bullwhip Example

Operations and Supply Chain Management

An ‘aggressive’ fight over containers is causing shipping costs to rocket by 300%. Written by Tan Weizhen and published on CNBC 1/24/2021. KEY POINTS. Shipping costs have skyrocketed as desperate companies wait weeks for containers and pay premium rates to get them, according to industry watchers.

Post-COVID Supply Chain Planning: Steps to Take Now for Rapid Recovery

Speaker: Dave Food, Strategy Director at Prophetic Technology

Supply Chain Executives need to empower their teams to navigate through and beyond the impact of COVID-19 with powerful insights and integrated supply chain networks so that real-time change can be quickly responded to and organizations can come out of this leading from the front. Join this webinar with Dave Food, Strategy Director, Prophetic Technology, who will provide insights into planning for a post-COVID world.

Supply Chains to Admire – Technology Computer Hardware Calculation Example

Supply Chain Insights

After doing a deep dive into the Household Products (Nondurable) industry segment to show why Proctor & Gamble did not make the Supply Chains to Admire TM winner list, I wanted to show an example calculation for a company that made the winner list. I thought they would be a great company to use as an example.

4 Top Prescriptive Analytics Examples in Wood Products Manufacturing

River Logic

Optimization Manufacturing Capacity Planning Supply Chain Optimization wood products forest products

Lead by Example

BlueYonder

She’s a huge proponent of leading by example and in her new leadership role at JDA keeps this in mind in everything that she does. The first is “the world is changed by your example, not your opinion.” I live by this – leading by example.

Explore Real-World Examples of How Retailers Are Using AI

Supply Chain Brain

Forward-thinking retailers are optimizing supply chain management with the power of AI

Top 5 Barriers to Supply Chain Network Design Adoption and How to Overcome Them

Speaker: Brian Dooley, Director SC Navigator, AIMMS, and Paul van Nierop, Supply Chain Planning Specialist, AIMMS

Want to build your internal capability, reduce costs and make better decisions? It's easier than you think. This on-demand webinar shares research findings from Supply Chain Insights, including the top 5 obstacles that bog you down when trying to improve your network design efforts.

Where Tech Outpaces People in Supply Chains: Four Examples

Supply Chain Brain

Technology can help mitigate some of the most common human errors in supply chain management

Restoring More Direct Control of Component Supply- A Further Industry Example

Supply Chain Matters

Supply Chain Matters provides readers another industry example of efforts underway to reexamine supply network strategies in the light of two years of disruptive impacts, with the goal of augmenting needed agility and more direct control. We have another example to share with readers. .

Supply Chains to Admire Household Nondurables Calculation Example

Supply Chain Insights

If you’re like me, you might see a long report online and skip past the details to get to the good stuff – the results. When the Supply Chains to Admire TM report came out last week, I scrolled right to the winners. To try to wrap my head around the way the winners were determined, I dug in to the data. I wanted to take one particular company and calculate their results myself to understand the methodology fully. As you can see from Figure 1, the Supply Chains to Admire methodology has 3 steps.

How to calculate safety stock – with formulas and examples

Unleashed

A company making toys or consumer electronics, for example, would need to carefully balance the risk of a potential stock out against the risk of holding excess inventory that never sells.

Real-Time Trackers: A Welcome Labor Solution for Logistics

This playbook explains how the right information, accessed at the right time, can help businesses across the industry work smarter (rather than harder), all while overcoming labor challenges.

7 Tactical Planning Examples for Manufacturing That River Logic Supports

River Logic

Here are seven tactical planning examples supported by River Logic. Tactical planning

Use of Blockchain in Supply Chain & Logistics: Looking to Examples Across Industries for Better Understanding

GlobalTranz

Examples of Real-World Use of Blockchain in Supply Chain & Logistics Some examples of application and use of blockchain in supply chain and logistics, reports DHL , include: Citizen Services – Blockchain technology can be used to verify the identity of individuals, and it is already in use by ID2020, helping those without access to a physical form of identification to verify their identity. The days of managing supply chains through databases and changing information are over.

Lighthouse Factories Are Shining Examples for Supply Chains Everywhere

APICS

Last year, the World Economic Forum vetted 1,000 manufacturers, eventually selecting the “lighthouses.” These advanced factories weather the storm with quick-thinking teams, the fastest shop-floor innovation and effective maximization of fourth-industrial-revolution technologies

6 step purchasing plan example for your yearly business purchases

Silver Lynx Supply Chain

Planning ahead for your yearly business spending? You need a purchasing plan! How is your plan for your office spending? You have a budget? Great. Do you have a calendar for when you need to make the purchase to account for lead time? There are lots of benefits to doing some small business planning for your purchases ahead of time. Think of those times when you could have saved money buying a gently used piece of equipment, if only you had the time to shop around.

Building AI to Unlearn Bias in Recruiting

Let’s take some examples of bias challenges in AI. Building AI to Unlearn Bias in. Recruiting How to use AI and machine learning to ensure diversity in the. workforce By the creators of AllyO, the end-to-end AI recruiter www.allyo.com hello@allyo.com Bias is a problem we.

6 step purchasing plan example for your yearly business purchases

Silver Lynx Supply Chain

Planning ahead for your yearly business spending? You need a purchasing plan! How is your plan for your office spending? You have a budget? Great. Do you have a calendar for when you need to make the purchase to account for lead time? There are lots of benefits to doing some small business planning for your purchases ahead of time. Think of those times when you could have saved money buying a gently used piece of equipment, if only you had the time to shop around.

Insight from Applied Statisticians for Forecasting: Is It Worth the Effort and the Mirage of Random Variation

Arkieva

In this blog, we will illustrate through an example of these potential pitfalls (unanchored, random variation, and narrow metrics) and potential negative impact on a firm.

5 Examples of an Efficient Transportation Management System

4WL Consulting

With the rising cost of transportation, companies are desperately vying to look for an efficient systems and processes that make their teams more productive. Technology can help greatly in this and more and more companies are looking at a TMS (Transportation Management System) for optimization and cost reductions. While the TMS has gained much popularity, it is still only implemented by about 25-35% of large companies.

Takt Time in Manufacturing: Calculation, Uses & Examples

Unleashed

Here we give you what you need to know about takt time – from how to calculate it, to why it’s so important, and examples of how to apply it. For example, staff may have an 8-hour shift, but not all of those hours are spent working on production.

Apple: A Sustainable Example for Supply Chains

APICS

Supply chain transparency is becoming more important to business leaders and consumers, both of whom increasingly are concerned about working conditions, human rights, and environmental preservation. Apple, a company well known to both groups, recently released its “Supplier Responsibility 2016 Progress Report,” which highlights the tech company’s rigorous push for corporate social responsibility standards.