Inventory and Optimization Modeling

Elevating Inventory Management with Multi-Echelon Inventory Optimization

Logility

JUNE 5, 2024

This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels. Enter Inventory Optimization (IO) as a vital strategy to combat supply chain stress. Yet, recent research suggests a more advanced approach, Multi-Echelon Inventory Optimization (MEIO), surpasses traditional methods.

Optimal Sourcing

Optimal Sourcing Inventory Reduction Inventory Management Software Modeling

Multi-echelon Inventory Optimization vs Inventory Optimization

ToolsGroup

MARCH 24, 2021

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.

Modeling

Modeling Optimization Software Inventory Reduction Network Optimization

Understand the Factors Behind Inventory Accumulation by Optimization Models with No Demand

Arkieva

AUGUST 16, 2023

While working with various optimization models, I often encountered situations where the supply chain optimization model would make decisions to produce items even when there was no demand. This blog discusses different scenarios that led to the optimization models producing and storing excess inventory.

Modeling

Modeling Optimization Modeling Supply Chain Optimization Modeling Software

A Thing of Beauty: How Belcorp Mastered Its Supply Chain Complexity with Advanced Multi-echelon Inventory Optimization and Planning Digital Solution

ToolsGroup

OCTOBER 14, 2024

This article will examine the challenges Belcorp faced with managing its extensive product range and complex supply chain and how our solution set, which includes Service Optimizer 99+ (SO99+), Demand Planning, and the Multi-Echelon Inventory Optimization (MEIO) model, transformed their operations.

Modeling

Modeling Supply Chain Planning Software Inventory Reduction Supply Chain Optimization

Approaching a Efficient Horizon with Continuous Network Optimization

Logility

JULY 30, 2024

Continuous network optimization recognizes that supply chains are complex organisms. Continuous network optimization creates an environment where supply chain planning operates at the next level. World class organizations can sustain living models of their networks and keep them tuned to small, frequent changes.

Network Optimization Software

Network Optimization Software Network Optimization Modeling Supply Chain Network Software

Inventory Management vs. Inventory Optimization: What’s Wrong with ABC Inventory Classification?

ToolsGroup

MARCH 15, 2023

ABC inventory classification has been around so long that most planners just assume it’s the only way to segment your inventory. Let’s examine how inventory management has evolved into inventory optimization so that companies can minimize inventory investment while still hitting service level targets and maximing proftability.

Inventory Reduction

Inventory Reduction Inventory Management Software Modeling Inventory Management

Approaching an Efficient Horizon with Continuous Network Optimization

Logility

JULY 30, 2024

Continuous network optimization recognizes that supply chains are complex organisms. Continuous network optimization creates an environment where supply chain planning operates at the next level. World class organizations can sustain living models of their networks and keep them tuned to small, frequent changes.

Network Optimization Software

Network Optimization Software Network Optimization Modeling Supply Chain Network Software

Nespresso Optimizes Orders and Inventory with End-to-End Digital Supply Chain Planning

ToolsGroup

MARCH 30, 2022

It’s no simple task providing customers access to the full range of capsules and coffee machines on all sales channels, across more than 70 boutiques in Italy, while optimizing inventory levels. Supply chain optimization allows us to guarantee product availability for our boutique shoppers. Optimized transport.

Supply Chain Planning Software

Supply Chain Planning Software Optimization Software Modeling Supply Chain Optimization

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

ToolsGroup

FEBRUARY 23, 2021

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.

Inventory Reduction

Inventory Reduction Supply Chain Planning Software Modeling Optimization Software

IBP Scenario Modeling for Recovery, Restructuring and Resilience

AIMMS

NOVEMBER 9, 2020

Our second webinar delved deeper into the technology aspect, focusing on analytical capabilities and scenario modeling. Specifically, we looked at three use cases for scenario modeling using our cloud-based IBP app. The post IBP Scenario Modeling for Recovery, Restructuring and Resilience appeared first on AIMMS SC Blog.

Modeling

Modeling Scenario Planning Optimization Modeling Modeling Software

Amul’s Optimized Supply Chain: Driving Global Growth in the Dairy Industry

Logistics Viewpoints

OCTOBER 15, 2024

Amul’s model supports small producers by integrating large-scale economics, cutting out intermediaries, and connecting producers directly with consumers. Amul’s supply chain model is a well-structured and decentralized cooperative framework that focuses on efficiency and farmer welfare.

Optimal Sourcing

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software

Omnichannel Retailers Leverage Optimization for Order-Promising

Logistics Viewpoints

JANUARY 1, 2024

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.

Omnichannel

Omnichannel Modeling Optimization Software Optimization Modeling

Here’s How to Measure Inventory Health

ToolsGroup

AUGUST 20, 2021

Looking for a relatively quick way to measure inventory health? “It Even though we’re talking about inventory, we first have to understand customer buying behavior—and how that then translates into inventory requirements.” This is different from problematic ABC inventory classification.

Modeling

Modeling Inventory Reduction Inventory Forecasting

ToolsGroup Named a Leader in Quadrant Solutions SPARK Matrix™ for Global Supply Chain Inventory Optimization

ToolsGroup

AUGUST 25, 2022

BOSTON – (August 25, 2022) ToolsGroup , a global leader in AI-driven retail and supply chain planning and optimization software, has been named a leader in the Quadrant Solutions SPARK Matrix™ for Global Supply Chain Inventory Optimization. for Global Supply Chain Inventory Optimization, 2022. Source: [link].

Optimal Sourcing

Optimal Sourcing ToolsGroup Modeling Supply Chain Optimization

Solving the $1.8 Trillion Inventory Distortion Problem with Karl Swensen

The Logistics of Logistics

JUNE 14, 2024

trillion distortion inventory problem. Trillion Inventory Distortion Problem In this podcast, Karl Swensen, CEO and Co-founder of Pull Logic, discusses how their AI-enabled technology helps retailers, brands, and manufacturers reduce lost sales by addressing supply chain and selling process failure points. Summary: Solving the $1.8

Inventory Reduction

Inventory Reduction Inventory Inventory Management Software Modeling

Inventory Everywhere, But Not the Right Product to Ship

Supply Chain Shaman

MARCH 21, 2023

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?

Inventory Reduction

Inventory Reduction Inventory Price Reduction Cost Reduction Strategies

Supply Chain Optimization: Leveraging Integrated Scenario Planning as a Margin Multiplier

Logistics Viewpoints

MAY 23, 2024

APS are complex, live production environments requiring extensive configuration to accurately model a business’s operational reality. This involves setting up numerous parameters like lead times, inventory levels, production capacities, and demand forecasts, all of which must be adjusted for different scenarios.

Modeling

Modeling Scenario Planning Supply Chain Planning Software Supply Chain Optimization

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

AUGUST 7, 2018

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. The basic approach to inventory optimization.

Modeling

Modeling Optimization Software Supply Chain Optimization Optimization Modeling

Optimizing Warehouse Efficiency: A Warehouse Manager’s Expert Guide to Waste Elimination

Logistics Viewpoints

AUGUST 29, 2024

In this article, we will delve into strategic ways for warehouse managers to eliminate waste, with a focus on not only optimizing the use of cartons and packing, but labor resources and warehouse space as well. One effective method to optimize packing is the standardization of carton sizes. Product slotting is a complex problem.

Waste Reduction

Waste Reduction Optimal Sourcing Sourcing Strategies Resource Reduction

ToolsGroup is positioned as a Technology Leader in the 2023 SPARK Matrix™ for Global Supply Chain Inventory Optimization by Quadrant Knowledge Solutions

ToolsGroup

SEPTEMBER 6, 2023

The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading Global Supply Chain Inventory Optimization (IO) vendors. In the complex world of supply and demand, inventory optimization ensures a perfect balance between having too much and not enough stock.

ToolsGroup

ToolsGroup Optimization Software Supply Chain Design Software Supply Chain Planning Software

The role of inventory management and inventory optimization in ERP

SYSPRO Smarter ERP

NOVEMBER 21, 2022

Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.

Optimal Sourcing

Optimal Sourcing Inventory Management Software Inventory Reduction Modeling

Multi-echelon inventory optimization vs inventory optimization

ToolsGroup

AUGUST 7, 2018

Editor’s Note: Last year ToolsGroup became Microsoft’s partner for Multi-echelon Inventory Optimization (MEIO) in Industrial accounts. Microsoft and I collaborated on a blog introducing the basic concept of MEIO, comparing it with Inventory Optimization. The basic approach to inventory optimization.

Modeling

Modeling Optimization Software Supply Chain Optimization Optimization Modeling

Supply Chain Optimization for Consumer Packaged Goods Inventory

Logility

AUGUST 17, 2021

Managing consumer packaged goods inventory is challenging at the best of times, and it can be debilitating during times of local or international disruption. An advanced inventory planning and optimization solution allows these companies to set and maintain precise stock targets across a global network.

Modeling

Modeling Inventory Reduction Supply Chain Optimization Packaging

Multi-echelon Inventory Optimization – guide for 2024

ThroughPut

MAY 24, 2024

Managing inventory in a supply chain is complex due to issues like downtime, delays, and demand fluctuations. Multi-Echelon Inventory Optimization (MEIO) is the solution, offering a sophisticated approach to optimizing stock levels, reducing costs, and improving service. What is Multi-Echelon Inventory Optimization?

Optimal Sourcing

Optimal Sourcing Modeling Inventory Reduction Optimization Software

Role of Stock Turnover Calculation in Inventory Optimization

SCMDOJO

SEPTEMBER 20, 2024

Does it ever come into your mind how companies efficiently convert inventories into sales? Before COVID, we have observed conventional forms of business working models but after COVID-19, the surge in non-retail, e-commerce, and online businesses has changed the working models. What is the Stock turnover?

Optimal Sourcing

Optimal Sourcing Inventory Reduction Modeling Price Mitigation Strategies

A Problem Persists: Reliance on the Just-In-Case (JIC) Supply Chain Model

Enterra Insights

OCTOBER 13, 2023

The Just-In-Time Supply Chain Model vs. Just-In-Case Supply Chain Model Several years ago, when the pandemic became a full-blown global crisis, most supply chains used the “just-in-time” model, which relies on resources and goods being available right when they’re needed. Excess inventory is a $250+ billion problem in the U.S.

Modeling

Modeling Modeling Software Supply Chain Design Software Optimization Modeling

“Optimized” Inventory Forecasting a Co-Product of Optimized Central Planning

Arkieva

FEBRUARY 18, 2020

In a recent blog on Inventory Forecasting the core challenges and business importance of estimating inventory are outlined. A projected inventory position across time (plan) is a natural co-product of most central or master planning models that match assets with the demand to create a projected supply line linked to demand.

Forecasting

Forecasting Modeling Optimization Modeling Supply Chain Optimization

How manufacturers optimize their inventories

ToolsGroup

AUGUST 28, 2018

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: What are some of the global trends currently impacting demand modeling, supply chain planning, and supply variability?

Optimal Sourcing

Optimal Sourcing Manufacturing Procurement Optimization Software Modeling

Beverage Brands Unlock Recovery and Growth with Inventory Optimization

Logility

AUGUST 31, 2021

However, inventory optimization for beverage brands can help these organizations overcome such challenges with greater ease and speed. This basic replenishment tactic does not provide the accuracy and visibility needed to drive greater efficiency, ensure a right-sized inventory, improve customer service, and expand product sales.

Modeling

Modeling Beverage Inventory Reduction Supply Chain Optimization

Ways Food and Beverage can Build Resilience with Supply Chain Optimization Software

Logility

DECEMBER 15, 2023

From harvest to hands, the food & beverage (F&B) industry leaves no room for guesswork, especially without supply chain optimization software. This reality is compelling F&B companies to rethink their strategies and approach to supply chain optimization and demand planning.

Optimal Sourcing

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software

What Warehouse Modeling Software Should You Use?

Logistics Bureau

NOVEMBER 12, 2024

Essential Steps to Using Warehouse Modeling Software for Design 1) Understand the Design Objectives and Constraints The first step in your review should be to determine and prioritise the objectives for your warehouse facility and operation. For instance, do you have two or more SKUs that are commonly ordered together?

Modeling Software

Modeling Software Supply Chain Design Software Modeling Supply Chain Planning Software

Reducing Obsolete Inventory: A Practical Guide

SCMDOJO

NOVEMBER 20, 2024

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.

Inventory Reduction

Inventory Reduction Vendor Strategies Cost Reduction Strategies Resource Reduction

Gain a Leading Edge in Inventory Management through Digital Transformation

DELMIA Quintiq

SEPTEMBER 22, 2021

An increasing lineup of advanced digital solutions have given manufacturers the edge to transform and achieve better inventory control. The manufacturing industry is constantly searching for new and inventive ways to improve inventory management. Types of inventory that can be optimized.

Inventory Management Software

Inventory Management Software Inventory Reduction Inventory Management Optimal Sourcing

How manufacturers optimize their inventories

ToolsGroup

AUGUST 28, 2018

Editor’s Note: Microsoft’s Colin Masson, Global Industry Director of Manufacturing Solutions (that's him on the left), sat down with me to discuss how manufacturers optimize their inventories. Colin: What are some of the global trends currently impacting demand modeling, supply chain planning, and supply variability?

Optimal Sourcing

Optimal Sourcing Manufacturing Procurement Optimization Software Modeling

Consumer Packaged Goods Network Optimization: The Key to Supply Chain Resiliency

Logility

OCTOBER 19, 2023

Why Network Optimization Is the Key to Consumer Packaged Goods Supply Chain Resiliency It has been a few years since the onset of the pandemic exposed the tragic consequences of supply chain fragility within the consumer packaged goods (CPG) industry. They simply cannot keep pace with business dynamics.

Network Optimization Software

Network Optimization Software Modeling Network Optimization Supply Chain Network Software

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

Logistics Viewpoints

NOVEMBER 4, 2024

Optimization is used in supply planning, factory scheduling, supply chain design , and transportation planning. In a broad sense, optimization refers to creating plans that help companies achieve service levels and other goals at the lowest cost. Drones use this form of AI to improve inventory accuracy in a warehouse.

Supply Chain Planning Software

Supply Chain Planning Software Modeling Optimal Sourcing Supply Chain Design Software

Logility to Acquire Network Optimization Provider Starboard Solutions

Logility

JUNE 28, 2022

With Starboard’s Digital Twin Technology, Logility Clients Can Better Answer “What if” Scenarios and Optimize Supply Chain Networks to Overcome Disruptions and Drive Growth. The solution is built for continuous use, eliminating the need for a consulting project to model potential resolutions to unexpected supply chain disruptions.

Optimal Sourcing

Optimal Sourcing Network Optimization Software Logility Supply Chain Network Software

How to support IBP with Modeling and Optimization

AIMMS

NOVEMBER 12, 2015

Optimization is a form of advanced analytics that helps you solve complex decision problems, enabling you to make the best use of your business’ limited resources.* You can do all of this and more with an optimization technology. JBS: A case for integrating optimization in S&OP and IBP. Should we increase our inventory?

Optimal Sourcing

Optimal Sourcing Modeling Optimization Modeling Modeling Software

Better Ways to Address Trade-Offs with Supply Chain Optimization

Logistics Viewpoints

MAY 19, 2022

Supply chain optimization has also improved in significant ways that can address these trade-offs better than before. Analytical techniques like linear programming can create the mathematically “optimal” plan, but these methods must be implemented well to avoid creating other challenges. Supply chain optimization for today’s realities.

Optimal Sourcing

Optimal Sourcing Modeling Supply Chain Optimization Optimization Software

This is Not Your Father’s Inventory Optimization

Logility

OCTOBER 30, 2018

Unfortunately the new slogan not only didn’t attract younger car buyers who weren’t fooled by a campaign slogan while seeing very little difference in new Oldsmobile models, it also alienated their existing older buyers who still wanted the old Oldsmobile. Companies would adjust their inventory parameters on an annual or semi-annual basis.

Modeling

Modeling Optimization Software Supply Chain Optimization Inventory Reduction

9 Barriers to Optimal Inventory and How to Break them Down

Logistics Bureau

OCTOBER 10, 2022

Too much inventory in your distribution network? Inventory costs too high? These are all pervasive issues for supply chain operators worldwide—and are classic symptoms of suboptimal inventory performance. But what exactly does inventory optimisation mean, and what obstacles must first be broken down to achieve it?

Modeling

Modeling Inventory Reduction Network Optimization Supply Chain Optimization

Wired for Success: Optimizing Sales and Operations Planning for the Wire & Cable Industry

DELMIA Quintiq

JANUARY 11, 2021

All these factors culminate in the inability to formulate and build optimal plans and react to changes. It is crucial for wire and cable manufacturers to optimize forecasting and production capacity. Achieving this means the need to optimize your sales and operations planning (S&OP).

Modeling

Modeling Scenario Planning Optimization Modeling Supply Chain Optimization

Multi Echelon Inventory Optimization (MEIO): Why inventory optimization isn’t always enough

John Galt

FEBRUARY 22, 2022

</h2> <p>Manufacturers have to consider two different approaches to managing their inventory in order to continue growing and to keep customers happy: inventory optimization (IO) and multi-echelon inventory optimization (MEIO). This makes demand forecasting and inventory management more challenging.

Modeling

Modeling Supply Chain Optimization Optimization Modeling Network Optimization

Mobile Inventory Management: Boost Efficiency with Real-Time Tracking

RFgen

NOVEMBER 13, 2024

Picture this: You’re a warehouse manager, and with a few taps on your smartphone, you instantly know the exact location and quantity of every item in your inventory. That’s not science fiction—it’s the power of mobile inventory management. Ready to turn your inventory from a headache into a strategic asset?

Inventory Management Software

Inventory Management Software Real-time Visibility Inventory Reduction Inventory Management

Elevating Inventory Management with Multi-Echelon Inventory Optimization

Multi-echelon Inventory Optimization vs Inventory Optimization

Trending Sources

Understand the Factors Behind Inventory Accumulation by Optimization Models with No Demand

A Thing of Beauty: How Belcorp Mastered Its Supply Chain Complexity with Advanced Multi-echelon Inventory Optimization and Planning Digital Solution

Approaching a Efficient Horizon with Continuous Network Optimization

Inventory Management vs. Inventory Optimization: What’s Wrong with ABC Inventory Classification?

Approaching an Efficient Horizon with Continuous Network Optimization

Nespresso Optimizes Orders and Inventory with End-to-End Digital Supply Chain Planning

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

IBP Scenario Modeling for Recovery, Restructuring and Resilience

Amul’s Optimized Supply Chain: Driving Global Growth in the Dairy Industry

Omnichannel Retailers Leverage Optimization for Order-Promising

Here’s How to Measure Inventory Health

ToolsGroup Named a Leader in Quadrant Solutions SPARK Matrix™ for Global Supply Chain Inventory Optimization

Solving the $1.8 Trillion Inventory Distortion Problem with Karl Swensen

Inventory Everywhere, But Not the Right Product to Ship

Supply Chain Optimization: Leveraging Integrated Scenario Planning as a Margin Multiplier

Multi-echelon inventory optimization vs inventory optimization

Optimizing Warehouse Efficiency: A Warehouse Manager’s Expert Guide to Waste Elimination

ToolsGroup is positioned as a Technology Leader in the 2023 SPARK Matrix™ for Global Supply Chain Inventory Optimization by Quadrant Knowledge Solutions

The role of inventory management and inventory optimization in ERP

Multi-echelon inventory optimization vs inventory optimization

Supply Chain Optimization for Consumer Packaged Goods Inventory

Multi-echelon Inventory Optimization – guide for 2024

Role of Stock Turnover Calculation in Inventory Optimization

A Problem Persists: Reliance on the Just-In-Case (JIC) Supply Chain Model

“Optimized” Inventory Forecasting a Co-Product of Optimized Central Planning

How manufacturers optimize their inventories

Beverage Brands Unlock Recovery and Growth with Inventory Optimization

Ways Food and Beverage can Build Resilience with Supply Chain Optimization Software

What Warehouse Modeling Software Should You Use?

Reducing Obsolete Inventory: A Practical Guide

Gain a Leading Edge in Inventory Management through Digital Transformation

How manufacturers optimize their inventories

Consumer Packaged Goods Network Optimization: The Key to Supply Chain Resiliency

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

Logility to Acquire Network Optimization Provider Starboard Solutions

How to support IBP with Modeling and Optimization

Better Ways to Address Trade-Offs with Supply Chain Optimization

This is Not Your Father’s Inventory Optimization

9 Barriers to Optimal Inventory and How to Break them Down

Wired for Success: Optimizing Sales and Operations Planning for the Wire & Cable Industry

Multi Echelon Inventory Optimization (MEIO): Why inventory optimization isn’t always enough

Mobile Inventory Management: Boost Efficiency with Real-Time Tracking

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