Remove Inventory Remove Modeling Remove Shipping
article thumbnail

Interoperability in the Supply Chain: Leveraging the OSI Model for Seamless Logistics

Logistics Viewpoints

In the rapidly evolving world of global supply chains, interoperability—the ability of systems, devices, and organizations to work together seamlessly—has become a critical factor for operational efficiency. Here’s how each layer translates to the supply chain context: 1. Application Layer: Interfacing with end-user applications.

article thumbnail

Inventory Everywhere, But Not the Right Product to Ship

Supply Chain Shaman

Bloated inventories. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. The larger the number of days of inventory, the greater the cash drag.) Changes in Inventory Year-end inventory values by industry from Y Charts. The story continues. Rising inflation. Next steps?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Supply Chain AI: 25 Current Use Cases (and a Handful of Future Ones)

Logistics Viewpoints

It has led supply chain vendors to discuss how they currently use artificial intelligence. Further, virtually every supplier of supply chain solutions is eager to explain the ongoing investments they are making in artificial intelligence. AI is not a new technology in the supply chain realm; it has been used in some cases for decades.

article thumbnail

Demand Planning. When The Answer To Two Simple Questions Is Not So Simple.

Supply Chain Shaman

The question was, “How can I redefine demand planning processes to use channel data?” Their question was, “Why were consumer products companies not using retail data to drive demand processes?” A forecast is a time-phased view, or projection, of future demand. In an implementation, the details matter.

article thumbnail

Respond to Volatile Supply Conditions with “What-if” Scenario Planning  

Logility

Supply variability today. It’s tempting to think of supply variability as a recent phenomenon caused by COVID-19. Supply chain professionals know better. Supply disruptions are as old as trade itself. Averaging across industries, companies can now expect supply chain disruptions lasting a month or longer to occur every 3.7

article thumbnail

Supply Chain Planning – A Market Viewpoint

Logistics Viewpoints

ARC Advisory Group has been covering the Supply Chain Planning ( SCP ) market for 17 years. The pandemic brought home the need for companies to run agile and resilient supply chains. Supply chain agility reflects a company’s ability to respond quickly to surges or plummeting demand.

article thumbnail

Reducing Obsolete Inventory: A Practical Guide

SCMDOJO

Excessive and obsolete inventory can cause a business to fail. One needs to mitigate these challenges and learn how to optimize inventory. Healthy inventory optimization management can help a company flourish like a wealthy field. That is why optimizing inventory and reducing obsolescence is a necessity.