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Supply Chain Inventory Optimization – Beyond the Analytics

GlobalTranz

It is easy to make analytics the cornerstone of warehouse and distribution center management. While analytics offer remarkable insights into supply chain inventory optimization, warehouse managers must still understand how the use of slotting optimization technology impacts other processes.

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Multi-echelon Inventory Optimization vs Inventory Optimization

ToolsGroup

Imagine what would happen if each station optimized its schedule and traffic independently: city-wide chaos would ensue. Now consider that by not optimizing your inventory from a global vantage point you may be creating, if not outright chaos, a much less efficient network than you could have.

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Omnichannel Retailers Leverage Optimization for Order-Promising

Logistics Viewpoints

Historically, omnichannel software solutions were not capable of optimization. Historically, an OOM has access to all the company’s inventory. The system allocated which orders would get inventory from a given location to fulfill an order. The hierarchy of rules is too simple to fully optimize profitability.

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Supply Chain Resilience. Really?

Supply Chain Shaman

Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Background The Council of Supply Chain Resilience met for the first time this month. What is supply chain resilience? The reason?

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5 Powerful Prescriptive Analytics Examples in Supply Chain

Prescriptive analytics is a type of advanced analytics that optimizes decision-making by providing a recommended action. Supply chain, with its complex planning questions, is typically an area where optimization technology is required. Supply Chain Network Design. Inventory optimization.

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The Coolest Supply Chain Boutique Consultants

Logistics Viewpoints

I’ve completed research on supply chain planning (SCP) boutiques. My colleague Clint Reiser has completed a study on warehouse management system (WMS) boutiques. We are teaming up to bring you the coolest supply chain boutiques, listed alphabetically, that we identified through those studies. What is a boutique?

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Inventory Planning vs. Inventory Optimization: What’s the Difference?

ToolsGroup

What’s the difference between traditional inventory planning and inventory optimization? Optimizing your inventory is a different beast than simply planning your inventory. They face a complex distribution network and optimizing inventory for each location is challenging. It’s a lose-lose game.