Remove Information Remove Inventory Remove Seminar Remove Supply Chain Software
article thumbnail

Why probabilistic forecasting is better for inventory optimization

ToolsGroup

In this post we’ll explore how probabilistic forecasting not only creates better forecasts, but also improves inventory optimization by improving the stock levels at store and warehouse locations in your distribution network. Inventory optimization (IO) systems can then use this information to better identify the optimal inventory targets.

article thumbnail

26 warehouse pros reveal the most important factors to consider when moving to an automated warehouse

6 River Systems

The world of logistics is increasingly driven by technology , with artificial intelligence, big data, the Internet of Things (IoT) and automation among the biggest logistics trends today. That said, there are many factors to consider when moving to an automated warehouse. Robert DeStefano. Rupy Sawhney. Katie Martinelli.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Executive's Guide to Supply Chain Research

Supply Chain Opz

Many people think a supply chain research is boring and it is the ivory tower that they don''t need to climb. And when developers incorporate these concept and try to solve the problems using various technologies, supply chain visibility solutions was born, the clear example of "Action Research".

Research 227
article thumbnail

Getting the Education and Experience to Land a Job in Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Supply Chain Education and Certification – What’s Missing? The supply chain and logistics fields are among the fastest growing career fields. List all classes or seminars you’ve taken in the subject area as well as any paid or unpaid jobs.

article thumbnail

Lean versus EOQ? What’s best for your organization?

Kinaxis

EOQ attempts to optimize lot size by balancing manufacturing cost ( Fixed + variable costs) with things like inventory holding costs and capacity utilization. Lean relies on minimization of, among other things, lot sizes, inventory and waiting. appeared first on The 21st Century Supply Chain. of that plan.

article thumbnail

10 Proven Principles for Best Warehouse Design and Operation

Logistics Bureau

Unless it is fully automated, the average warehouse will involve seven or eight instances in which products are handled. But we may have both triadic and non-triadic in the same warehouse due to the increasing reliance on automation. 4) Inventory Control. 9) Warehouse Management Software. 6) Benchmarking.

article thumbnail

Contracts, Cancellations, and Closures: Persistent Trends Leave a Pre-Peak Season Logistics Industry on Edge

Intelligent Audit

With peak shipping season just around the corner, the logistics industry is looking forward to a smoother supply chain than previous years have provided. So the shortage will continue, but for some sellers, the problem will be too much inventory.”. Phlow CEO Eric Edwards MD calls for Reimagining of Pharmaceutical Supply Chain.