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Top 10 Supply Chain Innovations of 2018

Material Handling & Logistics

In that spirit, we’ve combed the MH&L archives for the most innovative supply chain developments of the past year, as reported in our print magazine, on our website, in our e-newsletters, or our various social media channels. We hope you enjoy this salute to the best of 2018, and we look forward to even more innovations in 2019.

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Polaris Named a Supply & Demand Chain Executive’s 2021 Top Supply Chain Project with ToolsGroup

ToolsGroup

Polaris, which manufactures a wide range of vehicles including motorcycles, snowmobiles, ATVs, and agricultural vehicles, deployed ToolsGroup’s supply chain planning software to optimize spare parts inventory in its complex European distribution network against the high target service levels that its customers expect. Go to www.SDCExec.com.

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The Forecasting Accuracy Bugaboo

Logistics Viewpoints

As demand forecasting accuracy increases, and the standard deviation associated with the forecast decreases, the need to hold “just in case” inventory also goes down. This leads to lower inventory carrying costs and thus better case flow. Demand forecasting should be tightly integrated to an inventory optimization application.

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The Evolution of Logistics: Connectivity, Data Integration, and Virtual Design

SCMDOJO

In the world of logistics, this means enhanced operational efficiency for inventory management, route optimization, safety and security of goods, and resource allocation. In highly sensitive sectors like the military or medical logistics, this can help prevent damage and death.

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23 warehouse pros reveal the best ways for warehouses to control & reduce fulfillment costs

6 River Systems

Every warehouse strives for efficient order fulfillment. There are many factors that can impact costs, from warehouse replenishment practices to the warehouse equipment deployed to support the fulfillment process. ” Meet Our Panel of Warehouse Pros: Nate Masterson. Dave Masterson. Nate Masterson. MapleHolistics.

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Shipping Containers and Supply Chain Snarls: Is There a Way Out?

Enterra Insights

Marketing expert Robby Pedraza explains, “During World War II, standard sized shipping containers were developed to ship military cargo to the front lines. Like any great innovation, container shipping was so obvious after the fact it is incredible that it had not been implemented earlier.”[5]. ”[5].

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How to Implement AI in Your Supply Chain: A Real-world Guide

ThroughPut

Are you losing money to inventory mismanagement? For example, you can aim to achieve a 5% improvement in the delivery time of a top-selling product that can lead to a 2% increase in revenue due to increased orders, or you can focus on a 3% reduction of inventory that could realize a 4% increase in margins.