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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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How AI & Machine Learning Will Transform Supply Chain Management Through Software-Driven Automation

Accelogix

He explains his personal journey from supply chain AI/ML skeptic to optimistic believer and how these technologies will radically transform supply chain planning and warehouse automation in the future. I got my start in consulting for enterprise warehouse systems right out of college. I love technology.

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Managing the Long Tail of the Supply Chain Part 4: Five Takeaways

ToolsGroup

Blog 3 : Charles Blevins, Supply Chain VP at Dart Container , described Dart Solo Cup’s journey in addressing a “long tail” that brought Dart 99.6% service levels with 20% inventory reductions. ERP solutions and traditional supply chain planning solutions are not well suited for complexity of the long tail.

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Supply Chain Secrets Going Global – But Where Should we Share Them?

Logistics Bureau

Sharing Supply Chain Secrets Globally My Goal for 2020. One of those is Supply Chain Secrets, an educational company in the Logistics Bureau group, which exists purely to share practical guidance with companies and individuals wishing to improve their supply chain knowledge and expertise.

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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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Executive's Guide to Supply Chain Research

Supply Chain Opz

Many people think a supply chain research is boring and it is the ivory tower that they don''t need to climb. And when developers incorporate these concept and try to solve the problems using various technologies, supply chain visibility solutions was born, the clear example of "Action Research".

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4 Tips To Cut Costs In A Warehouse

GlobalTranz

Protect Inventory You can’t function as a business without a well-stocked inventory. Use proper control and alarm systems to keep it to a minimum. A good way to make sure this is prevented is state of the art internal security systems. Why Blockchain will Create Extreme Supply Chain Management Optimization.