The Logistics & Supply Chain Management Society
JULY 22, 2020
But companies will have to go beyond the usual inventory optimisation. . For example tools like self-billing can support to fasten time consuming transport invoices reconciliation etc…), several SC models will co-exist and will be intermediately used depending on the market condition. MORE FROM THIS EDITION.
Kinaxis
FEBRUARY 11, 2015
EOQ attempts to optimize lot size by balancing manufacturing cost ( Fixed + variable costs) with things like inventory holding costs and capacity utilization. Lean relies on minimization of, among other things, lot sizes, inventory and waiting. of that plan.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Supply Chain Opz
OCTOBER 29, 2013
Then the body of knowledge has been extended and there are many new lean tools (applied research). As a matter of fact, there are so many practices invented by practitioners like us that have very strong influences over the academic world, for example, Vendor Managed Inventory, Theory of Constraints, SCOR Model, S&OP or CPFR.
Logistics Bureau
JANUARY 21, 2018
I’ll also be providing some step by step guides and tools on these at our Free Seminars Series in February and March, but more on that later. Therefore, you may experience build up in inventory levels, unbalanced inventory deployment and the consequential impacts on customer service and cost.
Logistics Bureau
JANUARY 18, 2021
4) Inventory Control. Inventory control is about having the right amount of stock to meet customer demand. Business benchmarking is seen as one of the smartest management tools around. Your inventory control is not there, you’re not rotating your stock. 6) Benchmarking. Some Tips on Warehouse Design.
RELEX Solutions
OCTOBER 27, 2017
After a welcome introduction by Ms Luostarinen, RELEX Group CEO Mikko Kärkkäinen kicked off the main seminar by providing a quick overview of RELEX’s progress to date. Of particular note was how the RELEX solution has helped Wyevale adopt a detailed approach to range management across such a rapidly changing inventory.
ToolsGroup
NOVEMBER 13, 2018
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.
Expert insights. Personalized for you.
147 
Let's personalize your content