Remove Inventory Remove Resources Remove Supply Chain Analytics
article thumbnail

How MTSS Platforms Can Prepare the Next Generation of Supply Chain Professionals

SCMDOJO

These platforms can dynamically adjust the difficulty of tasks, provide targeted resources, and suggest personalized learning paths based on real-time performance data. MTSS platforms support the development of these analytical skills by integrating advanced tools and resources that allow learners to engage with real-world data sets.

article thumbnail

Spare Parts Inventory Optimization: Maximizing Efficiency and Reducing Costs

ThroughPut

In today’s fast-paced industrial landscape, managing spare parts and MRO (Maintenance, Repair, and Operations) inventory is more than just keeping shelves stocked. With effective Spare Parts Inventory Optimization , businesses can strike a balance between availability and cost, ensuring seamless operations without overburdening budgets.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Mathematical Optimization: Supply Chain Management by the Numbers

Supply Chain Brain

Bowman, SupplyChainBrain Watch: What’s in DOJ’s New Guidelines for FCPA Enforcement?

article thumbnail

ThroughPut.AI Empowers Reshoring with AI-Driven Supply Chain Visibility and Inventory Optimization

ThroughPut

delivers unmatched supply chain actionability and rapid decision-making capabilities through its end-to-end demand sensing and inventory optimization solutions. Manufacturers reshoring production can now leverage AI-recommended demand forecasts and SKU-level inventory rebalancing recommendations to meet unfulfilled demand.

article thumbnail

How Artificial Intelligence Benefits Logistics and Supply Chain!

Supply Chain Game Changer

Better inventory management, intelligent manufacturing, flexible logistical systems, and real-time delivery controls have all been made possible by the use of artificial intelligence (AI) in the supply chain and logistics. AI in supply chain and logistics is primarily used to boost production and efficiency.

article thumbnail

Introduction to Supply Chain Data Analytics!

Supply Chain Game Changer

In an era driven by data, businesses are increasingly leveraging sophisticated analytics to optimize every facet of their supply chains. By harnessing comprehensive datasets from diverse sources, organizations can gain actionable insights into demand patterns, inventory dynamics, and logistical efficiencies.

article thumbnail

Cost Performance Index (CPI): What is it and How to Calculate it?

SCMDOJO

Inventory Holding Costs vs. Stock Turnover Warehousing and inventory management involve costs related to storage, depreciation, and obsolescence. CPI can help track whether inventory costs are justified by the value generated through stock turnover. al, negotiating better rates , or consolidating shipments.