Logility

JULY 5, 2023

Generative AI is a Large Language Model (LLM), a type of AI that can create new content. By employing deep learning techniques, generative AI models can recognize patterns and correlations that may elude traditional forecasting methods. This leads to optimized inventory levels, reduced stockouts, and enhanced customer satisfaction.

Supply Chain Planning Software 191

Supply Chain Planning Software Supply Chain Planning Modeling Scenario Planning 191

ToolsGroup

SEPTEMBER 9, 2020

How Do You Turn a Good Demand Forecast into the Optimum Inventory Plan? They care if you have the inventory they want when they want it. But carrying too much inventory can reduce profits and might not be practical for some items such as fresh goods. How do you turn a good forecast into a great inventory plan?

Forecasting 156

Forecasting Modeling Forecasting Software Inventory Reduction 156

Supply Chain Shaman

DECEMBER 7, 2023

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.

Supply Chain Design Software 320

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 320

Supply Chain Shaman

SEPTEMBER 10, 2023

I was working on a report on the Multi-Enterprise Inventory Management (often termed MEIO) and I challenged Pete. The software never expanded in scope to manage multi-tier inventories. The basic taxonomy of supply chain planning–the framework for a series of optimization engines– has not changed. Model Adaptability.

Supply Chain Planning Software 256

Supply Chain Planning Software Modeling Forecasting Software Supply and Demand 256

Logistics Viewpoints

APRIL 22, 2024

But for that to occur, all of the dominos must fall into place: the product must be available to promise, there needs to be enough shipping capacity, and there needs to be an understanding of how inventory will be moved between mills and distribution centers. Seeing the layers of knowledge modeled in a knowledge graph is more powerful.

Georgia 225

Georgia Optimal Sourcing Modeling Modeling Software 225

Logistics Viewpoints

APRIL 29, 2021

Many companies are achieving this transformation by adopting modular, elastic DC technologies – including AI and robotics – that provide continuous warehouse optimization without replacing their current monolithic and static warehouse systems. Those systems and processes were designed to serve the current business model for 10 years or more.

Optimal Sourcing 150

Optimal Sourcing Optimization Software Supply Chain Design Software Supply Chain Planning Software 150

Supply Chain Shaman

APRIL 16, 2024

Outside-in Planning: Modeling based on channel and supply network signals. The discussion should start with a redefinition of the model. I love new forms of analytics, but I think we need to rethink the models and the overall approach to maximize value. In an outside-in model, market data is used to classify demand flows.

Supply Chain Planning Software 219

Supply Chain Planning Software Supply Chain Design Software How To Inventory Reduction 219

Logility

AUGUST 4, 2022

Your ship’s come in! Much of the merchandise languishing aboard cargo ships stuck in ports around the world during the pandemic-fueled supply chain crisis has made it to store shelves. Then, as port problems eased, a glut of inventory – a phenomenon known as the “ bullwhip effect.” That’s a good thing, right?

Price Reduction 130

Price Reduction Inventory Reduction Analysis Resource Reduction 130

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Forecasting 105

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 105

ToolsGroup

JUNE 8, 2018

Gartner Research analyst Paul Lord has developed a thought-provoking approach (shown in the above diagram) for tailoring supply and inventory tactics to different inventory segments. Traditional ABC inventory models segment inventory into A, B and C categories based on annual consumption value. Lots of margin.

Modeling 197

Modeling Optimal Sourcing Inventory Reduction Demand Planning Software 197

Vanguard Software

MARCH 12, 2021

Inventory replenishment involves purchasing and moving inventory, both finished goods and raw materials, from reserve storage to primary storage and eventually to the selling location. The Importance of Inventory Replenishment. Factors to Consider. Download Case Study. ABC Classification. Use Sales Forecasting.

Modeling 52

Modeling Inventory Reduction Optimization Software Supply Chain Optimization 52

Logistics Viewpoints

JANUARY 22, 2024

Omnichannel Retailers Leverage Optimization Historically, omnichannel software solutions were not capable of optimization. They can also order online and have goods shipped to their home. Historically, an OOM has access to all the company’s inventory. The hierarchy of rules is too simple to fully optimize profitability.

Supply Chain Optimization 233

Supply Chain Optimization Modeling Supply Chain Software Optimization Software 233

SYSPRO Smarter ERP

DECEMBER 19, 2022

In an increasingly unpredictable world environment, practices for planning and forecasting inventory levels that worked in the past need to be reviewed. In the 1990s, APS (Advanced Planning and Scheduling) arose as a solution for making better decisions about inventory. Inventory optimization.

Forecasting 98

Forecasting Forecasting Software Inventory Reduction Supply Chain Planning Software 98

Clear Spider

MARCH 21, 2024

AI inventory solutions create more powerful and adaptive supply chains. One of the key drivers of supply chain resilience is the use of artificial intelligence and machine learning algorithms in inventory management. AI makes use of the endless stream of data collected through inventory management devices and cloud-based applications.

Inventory Reduction 52

Inventory Reduction Inventory Management Software Supply Chain Planning Software Predictive Analytics Software 52

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

ThroughPut

JUNE 4, 2020

What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations.

Optimal Sourcing 52

Optimal Sourcing Inventory Reduction Inventory Management Software Optimization Software 52

Locus

OCTOBER 5, 2021

Today, businesses are at the cusp of new changes in the supply chain that includes evolving customer expectations, omnichannel purchasing, and the shipping of unpredictable volumes. With the supply chains of all businesses going through a transformational shift, it is important for them to make tough decisions concerning logistics models.

Modeling 52

Modeling Modeling Software Optimization Modeling Logistics Network Optimization Software 52

Unleashed

JANUARY 14, 2024

Manufacturing inventory management is crucial to the success and profitability of your manufacturing operations. This guide for manufacturers explains how it works and explores the most effective ways to manage inventory in manufacturing. In this manufacturing inventory management guide What is manufacturing inventory management?

Inventory Management Software 52

Inventory Management Software Manufacturing Procurement Inventory Reduction Inventory Management 52

BlueYonder

JULY 26, 2022

In one committee, optimal replenishment based on overarching consumer data is now a recurring theme. Meanwhile a separate huddle is trying to tackle consumers’ speed and convenience demands through optimized fulfillment. How can retailers connect the two, so that inventory is optimally located for that final leg of the journey?

Modeling 62

Modeling Supply Chain Planning Software Optimization Software Optimization Modeling 62

Logistics Viewpoints

APRIL 29, 2024

The goods flow through 3 import centers, 14 strategically located distribution centers in North America, 106 final-mile shipping hubs, and nearly 1,700 branch locations. A market distribution center has the capability of both regional distribution center and that of a final mile ship hub. Across the US, Ferguson has 6.5

Supply Chain Design Software 170

Supply Chain Design Software Supply Chain Software Supply Chain Design Supply Chain Optimization 170

Logistics Viewpoints

FEBRUARY 21, 2022

The primary payback for demand and supply solutions comes in the form of reducing the amount of raw material, work-in-process, and finished goods inventory a company needs to carry. A network design model figures out where factories and warehouses should be located. Each time horizon usually has its own model associated with it.

Supply Chain Planning Software 257

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 257

Unleashed

FEBRUARY 8, 2024

Effective inventory tracking is a critical component of inventory management. There are two main ways businesses can track inventory: manually, using spreadsheets and logbooks; or automated, using inventory software systems. What is inventory tracking? It helps to reduce inventory shrinkage and loss.

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Demand Planning Software 52

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. AI models have grown tenfold, representing a step-change in AI capabilities, creating new use cases across the supply chain.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

TransAudit

JUNE 27, 2023

Benefits of Machine Learning in Supply Chain Management One of the most potent applications of machine learning lies in inventory management. In today’s volatile market, companies often grapple with the issue of maintaining too much or too little inventory. Quality control is another area where machine learning shines.

Optimal Sourcing 69

Optimal Sourcing Supply Chain Optimization Modeling Optimization Software 69

Logistics Viewpoints

JUNE 19, 2023

However, AI’s inability to solve the very limited problem of ensuring that inventory is located in the right place in a warehouse suggests that planners don’t have to worry too much about job security. For fulfillment to be efficient, a warehouse needs the right inventory located in the right slots in a warehouse.

Supply Chain Design Software 237

Supply Chain Design Software Supply Chain Planning Software Supply Chain Network Software Optimization Software 237

GlobalTranz

SEPTEMBER 13, 2018

The path to perfect implementation of a new e-commerce shipping strategy is not always clear, and it comes with several challenges that can undermine the efficacy and cost-effectiveness of e-commerce. Channel-specific processes. Delays in order fulfillment and delivery. Troublesome returns management. Increased risk.

Price Reduction 181

Price Reduction Cost Reduction Strategies Resource Reduction Inventory Reduction 181

EazyStock

FEBRUARY 7, 2022

The shipping industry in particular has been hit due to the displacement of containers blocking ports and causing global shortages. Consequently, there’s also been an effect on shipping costs as container prices surged in 2021 due to limited availability and increased demand. Making the most of every shipping container.

Inventory Reduction 52

Inventory Reduction Shipping Inventory Modeling 52

The Logistics & Supply Chain Management Society

JULY 14, 2021

It was a hub and spoke model. It’s why it can assign the driver to the customer, optimize the assets, provide full visibility and control, and have automatic failover. When we look at the old-style supply chains, there are approximately 20 different optimization engines, where each of those nodes connect upstream and then downstream.

Optimal Sourcing 130

Optimal Sourcing Supply Chain Network Software Optimization Software Network Optimization 130

Unleashed

DECEMBER 21, 2023

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

Inventory Reduction 52

Inventory Reduction Inventory Management Software Vendor Strategies Cost Reduction Strategies 52

GlobalTranz

FEBRUARY 2, 2015

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. So, I hope the next article explains the evolved VMI model.”

Vendor Strategies 120

Vendor Strategies Inventory Reduction Modeling Software Modeling 120

Logistics Viewpoints

MAY 22, 2023

If you have been through this process at least once, you already have a good idea of what supply chain design is about: optimization. When most people hear the word “optimization,” they immediately think about minimizing costs. But optimization is much more than that! Let’s continue with this analogy.

Supply Chain Design Software 179

Supply Chain Design Software Supply Chain Design Supply Chain Software Modeling Software 179

ShipBob

OCTOBER 4, 2023

How you manage your inventory is a key factor that determines the efficiency, accuracy, and overall performance of your ecommerce operations. It involves closely tracking your inventory levels to replenish your stock at the right time and maintain inventory accuracy. What is inventory reduction? Let’s get started.

Inventory Reduction 52

Inventory Reduction Waste Reduction Cost Reduction Strategies Expense Reduction 52

SCMDOJO

JUNE 6, 2023

For businesses to succeed, supply chain optimization is essential to succeed. Supply chain optimization can achieve this with the help of data analytics. How does data analytics help supply chain optimization? Both of which are crucial components for an optimized supply chain. What is JIT inventory management?

Optimal Sourcing 72

Optimal Sourcing Modeling Supply Chain Optimization Analytics Software 72

Logistics Viewpoints

JANUARY 21, 2021

The model learns continuously and can adapt to changing conditions in the network. Incorporate changing business conditions: Machine learning can automatically account for changing business conditions, including new ship-to locations and changes in service provider’s performance level.

Predictive Analytics Software 345

Predictive Analytics Software Logistics Network Optimization Software Modeling Inventory Reduction 345

Supply Chain Game Changer

MARCH 26, 2020

Featuring Our 10 Best Inventory Management Articles! Inventory Management Best Practices article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Use ABC Analysis to Categorize Your Inventory. The use of ABC analysis to categorize inventory is not a new concept.

Inventory Management Software 124

Inventory Management Software Inventory Management Inventory Reduction Inventory 124

Locus

AUGUST 2, 2022

Similarly, today’s emerging last-mile delivery fulfillment models seemed like a gamble for businesses when it started a decade back but are essential for a profitable business plan today. The answer depends on the last-mile delivery fulfillment model you adapt. Optimal final-mile delivery fulfillment is crucial for business.

Modeling 52

Modeling Modeling Software Optimization Modeling Trends 52

ToolsGroup

FEBRUARY 28, 2023

So we’re excited to be delivering significant enhancements to our solution and expanding our already formidable and innovative forecasting , inventory optimization , and replenishment capabilities that help our customers deliver on promises to their customers, while reducing inventory (and their carbon footprints) and boosting profitability.

Supply and Demand 156

Supply and Demand Supply Chain Planning Software Modeling Demand Planning Software 156