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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.

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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.

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Top Ten Tips to Boost Supply Chain Performance to Best in Class

Logistics Bureau

Here are my top 10 tips to boost your Supply Chain performance towards Best in Class. OK, why do so many organisations struggle with the same old Supply Chain Challenges? I’ve been working in Supply Chain for over 40 years, and consulting for the last 25, and I see many organisations still struggling with the basics.

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Central Planning Engines: Lessons from Leibniz

Arkieva

I had the unique opportunity to attend the Dagstuhl Seminar “Modeling and Analysis of Semiconductor Supply Chains” , which focused on managing the end to end supply chain or demand supply network, as Intel refers to it. For years the human was an afterthought in supply chain modeling.

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50 expert tips on improving warehouse efficiency & productivity

6 River Systems

Most warehouses are on an ongoing mission to maximize productivity by optimizing workflows, automating processes and reducing waste (both time and resources). Warehouse technology tools, such as GPS systems and barcode scanners, are making it easier than ever to maintain relationships with suppliers. Introduce incentive pay.