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

Logistics Viewpoints

The concept of digital twins has emerged as a powerful foundational tool to drive improvements in warehouse productivity and efficiency. In the warehouse context, a digital twin can be created to represent the physical layout, inventory, equipment, and workflows of a warehouse. Physical change (i.e.,

Modeling 236
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Your Guide to Understanding & Minimizing Inventory Costs (with Formula)

RFgen

Managing inventory costs is a constant struggle. Between rising costs for materials and endemic labor shortfalls in the warehouse, many supply chain professionals may feel trapped in an endless cycle of shrinking profit margins. Managing inventory costs is important because high inventory costs can erode the bottom line.

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17 Key Inventory Metrics & KPIs for 2023

Unleashed

Great inventory management comes down to good systems, good processes, and constant improvement. The last of these can be achieved by tracking the right inventory metrics, analysing the results, and making data-driven optimisations. So, what are the ‘right’ inventory metrics, and how do you calculate them?

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13 Important Roles of Data Analytics in Supply Chain Optimization

SCMDOJO

For businesses to succeed, supply chain optimization is essential to succeed. It helps reduce costs, increases efficiency, and can enhance customer satisfaction. Supply chain optimization can achieve this with the help of data analytics. Data analytics helps businesses make data-driven decisions and initiatives.

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Prescriptive Analytics for Supply Chain Optimization: 6 Powerful Use Cases 

ThroughPut

If there’s any piece of technology or analytics that can help with the most advanced data-driven decision-making in the supply chain right now, that’s prescriptive analytics. It is the most promising form of analytics in the market currently. What Is Prescriptive Analytics in Supply Chain?

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Supply Chain Resilience. Really?

Supply Chain Shaman

I am currently doing research on inventory management. In the research, I ask inventory planners to define resilience. Of the twenty companies interviewed, only one can answer the question, “Do you have a good inventory plan?” No technology in the market measures inventory health. Today, this is not the case.

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Consumers Are in Charge of the Digital Path to Purchase

Enterra Insights

Although retailers still talk about the digital path to purchase as an alternative to the traditional shopping journey, the lines between paths to purchase have blurred. With all generations getting more comfortable on the digital path to purchase, most retailers have adapted to this new reality and are pursuing omnichannel strategies.