article thumbnail

The Value of Logistics and Supply Chain Education!

Supply Chain Game Changer

She predicts that “more of this will be incorporated into functional course content.” But it’s not as easy as, say, cutting inventory costs. This has resulted in a greater emphasis on advanced analytic approaches at the graduate level. Many academics have found that online seminars focus on math problems.

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Top 25 Supply Chains of 2018

Material Handling & Logistics

In fact, BMW has adopted any number of digital production technologies, such as data analytics, smart logistics and 3D printing. HP is also adopting such technologies as analytics, machine learning, image recognition and chat bots. Printer-friendly version. Media Type. Media Credit. Privacy Settings. anonymous user. DataTable subpages.

Gartner 81
article thumbnail

Spotlight on PROMAT 2019: USA trends in DC Equipment and Digital Consciousness

Logistics Bureau

Promat is North America’s largest materials handling equipment and systems exhibition, featuring over 950 exhibitors and 150 educational seminars. Inventory and network optimisation is forecast to reach 75% adoption over the next two years, and 90% over the next five years. Tracking inventory! Stage 3: Advanced Analytics.

DC 45