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 252

Waste Reduction Optimal Sourcing Sourcing Strategies Resource Reduction 252

SCMDOJO

MARCH 8, 2024

Whether you’re a small startup or a large enterprise, optimizing your inventory is crucial for staying competitive and profitable. In this blog, we’ll explore some key inventory optimization strategies that can benefit businesses of all sizes and industries.

Inventory Reduction 98

Inventory Reduction Optimal Sourcing Cost Reduction Strategies Resource Reduction 98

Logility

JUNE 5, 2024

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. This urges a shift from the unsustainable practice of buffering against uncertainty with high inventory levels.

Optimal Sourcing 184

Optimal Sourcing Inventory Reduction Inventory Management Software Modeling 184

Logility

OCTOBER 5, 2023

Businesses need a more prescriptive approach to supply Chain Software Implementation to optimize ROI. A strong starting point? Clear goals.

Supply Chain Planning Software 524

Supply Chain Planning Software Supply Chain Planning Demand Planning Software Optimization Software 524

Supply Chain Shaman

MAY 1, 2023

In contrast, those who outperformed were better at strategy and aligned with outcomes. Instead, the starting point, as shown in Figure 1, should start with a clear understanding of business strategy. The operating strategy–a major part of the supply chain strategy–flows from the business strategy.

Inventory Reduction 248

Inventory Reduction Cost Reduction Strategies Waste Reduction Resource Reduction 248

Talking Logistics

JULY 31, 2023

Talking Logistics guest commentary by Glenn Jones (Blume Global) on how machine learning optimizes the supply chain.

Supply Chain Optimization 545

Supply Chain Optimization Price Mitigation Strategies Supply Chain Supply and Demand 545

Logility

JANUARY 12, 2024

This blog cuts through the complexity, presenting how supply chain AI strategy and machine learning, especially through the power of generative AI and InventoryAI+, are essential in crafting a smarter, more responsive retail supply chain. Generative AI Chat Functionality in Demand AI Learn more about DemandAI+ in this demo.

Inventory Reduction 246

Inventory Reduction Waste Reduction Resource Reduction Cost Reduction Strategies 246

Logistics Viewpoints

AUGUST 25, 2021

A TMS offers optimization capabilities across multiple modes to improve service levels and reduce freight spend. A TES is generally mode specific and lack optimization capabilities, but for shippers with simpler transportation requirements, that is often all they need. Second is to hire, train, and retain the best available talent.

Price Reduction 300

Price Reduction Cost Reduction Strategies Expense Reduction Price Mitigation Strategies 300

ToolsGroup

JUNE 18, 2024

We’ll explore why it’s crucial to optimize decisions to meet specific goals and how leveraging real-time data can make your decisions both dynamic and highly impactful. Why Optimize to a Goal? Clarity and Focus: Optimizing to a goal provides a clear direction for all supply chain decisions.

Optimal Sourcing 177

Optimal Sourcing Supply Chain Planning Software Price Mitigation Strategies Optimization Software 177

SCMDOJO

JUNE 6, 2024

Do you dream of confidently navigating the ever-changing procurement world, not confused with what procurement training to opt for? The SCMDOJO Procurement Track isn’t just another training program – it’s your key to unlocking a commanding presence in the field. Dive in and discover the power within!

Pricing Training 105

Pricing Training Negotiating Skills Buyer Training Optimal Sourcing 105

Logistics Viewpoints

FEBRUARY 20, 2024

Optimization and simulation are the two main branches of SCND. Optimization accounts for over 90% of all work that is being done by SCND teams. This article describes how to incorporate simulation techniques into optimization, build a stochastic optimization model, and end up with a more resilient supply chain model.

Sourcing Strategies 261

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 261

My Office Apps

OCTOBER 14, 2024

Navigating the Complex World of Logistics: Strategies for Success The effectiveness of your logistics can mean the difference between skyrocketing profits and lost opportunities in a world where everything is connected more and more. Key Strategies for Effective Logistics Management 1.

Inventory Reduction 81

Inventory Reduction Cost Reduction Strategies Vendor Strategies Price Mitigation Strategies 81

DELMIA Quintiq

OCTOBER 11, 2021

The way forward implies resiliency in all aspects of the business, and for manufacturing in particular, this means implementing the right strategies as stepping stones to build and drive strategic flexibility. The answer lies in a digital transformation strategy that delivers optimal ways of working. How can this be achieved?

Sourcing Strategies 296

Sourcing Strategies Waste Reduction Resource Reduction Price Reduction 296

SCMDOJO

JUNE 11, 2024

The SCMDOJO Logistics Management Track is your ultimate logistics training pathway. Let’s explore why our logistics training is unique, what’s included in our logistics pathway, and how you can get started today. Our logistics training is packed with valuable resources. Are you ready to excel in logistics management?

Buyer Training 97

Buyer Training Price Mitigation Strategies Training Logistics Network Optimization Software 97

Logility

MAY 17, 2023

The urgent need for supply chain resiliency is increasing interest in onshoring, reshoring, and nearshoring strategies. By leveraging a comprehensive platform companies can review scenarios through the lens of advanced demand, inventory and manufacturing planning optimization capabilities,” Henriott said.

Vendor Strategies 169

Vendor Strategies Cost Reduction Strategies Price Reduction Inventory Reduction 169

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 270

Modeling Optimization Software Inventory Reduction Network Optimization 270

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. That’s where continuous network optimization comes into the picture. No longer does a modeler have to manually create a new model.

Network Optimization Software 196

Network Optimization Software Network Optimization Modeling Supply Chain Network Software 196

ToolsGroup

OCTOBER 17, 2024

Gartner reports that companies using data-driven strategies can achieve a 20% increase in sales by aligning inventory with current market trends. Is this the strategy you want to pursue? Retailers that adopt these dynamic rebalancing strategies often see an 18% improvement in inventory turnover rates. What are you waiting for?

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Expense Reduction Resource Reduction 156

IT Supply Chain

AUGUST 12, 2024

By Christie M (pictured) Content Marketer, Styldod The post 7 Amazing Social Media Optimization Strategies in 2024 appeared first on IT Supply Chain.

Price Mitigation Strategies 59

Price Mitigation Strategies Supply Chain Optimization Supply Chain Strategy Strategy 59

IT Supply Chain

MARCH 27, 2023

Lawrence (pictured) Content Writer The post Optimizing Warehouse Space: 5 Strategies & Insights appeared first on IT Supply Chain. By Dwight J.

Price Mitigation Strategies 105

Price Mitigation Strategies Supply Chain Optimization Supply Chain Strategy Warehousing 105

Procurement Academy

OCTOBER 19, 2023

As a result, training on how to navigate these complexities is a must. The Essentials of Procurement Optimization Taken at its most basic level, procurement optimization is simply the strategic process of improving every aspect of procurement operations. The disadvantage of this sourcing strategy is risk concentration.

Optimal Sourcing 52

Optimal Sourcing Vendor Strategies Price Reduction Resource Reduction 52

SCMDOJO

JUNE 14, 2024

The SCMDOJO Supply Chain Track offers a comprehensive supply chain training program to equip you with the knowledge and skills to excel in this dynamic field. Demand Forecasting: Develop accurate forecasts of future customer demand to optimize inventory levels and production planning. Learn more about the whole program.

Buyer Training 105

Buyer Training Supply Chain Design Software Price Mitigation Strategies Supply Chain Planning Software 105

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. That’s where continuous network optimization comes into the picture. No longer does a modeler have to manually create a new model.

Network Optimization Software 182

Network Optimization Software Network Optimization Modeling Supply Chain Network Software 182

Logistics Viewpoints

OCTOBER 15, 2024

Amul, a household name in India, owes its success to several key factors: strict hygiene standards, high-quality products, product diversification, effective marketing strategies, and efficient supply chain management.

Optimal Sourcing 262

Optimal Sourcing Modeling Supply Chain Optimization Supply Chain Planning Software 262

Procurement Academy

NOVEMBER 13, 2023

Incorporating a robust corporate training program into your business is a highly effective means to upskill your current employees, attract new talent, and foster a strong company culture. There are, though, several strategies that can help to secure this support from the key figures across your business.

Purchasing Training 52

Purchasing Training Price Mitigation Strategies Buyer Training Material Savings 52

ToolsGroup

APRIL 24, 2024

The PromoAI tool is built on ToolsGroup’s patented and award-winning pricing algorithm, and introduces additional features and planning workflows to build scenarios to optimize every aspect of promotions. Current pricing customers report a 6% average growth in revenue and 15% growth in volume.

ToolsGroup 156

ToolsGroup Optimization Software Price Mitigation Strategies Supply Chain Optimization 156

Logistics Viewpoints

NOVEMBER 6, 2024

Similarly, UPS uses its ORION system, which integrates real-time and historical data to optimize delivery routes, saving fuel and enhancing delivery reliability. Real-time route optimization allows fleets to adapt to dynamic conditions such as traffic and weather, minimizing fuel consumption and delivery delays.

Supply Chain Planning Software 238

Supply Chain Planning Software Supply Chain Design Software Predictive Analytics Software Optimization Software 238

IT Supply Chain

NOVEMBER 4, 2024

By John Hampton (pictured) Content Writer The post 5 Steps to Train Your Online Jewelry Store Admins: Mastering Customer Service Excellence appeared first on IT Supply Chain.

Customer Service 104

Customer Service Price Mitigation Strategies Training Supply Chain 104

IT Supply Chain

NOVEMBER 7, 2024

By John Hampton (pictured) Content Writer The post The Role of Digital Signage in Enhancing Training and Development for Supply Chain Teams appeared first on IT Supply Chain.

Price Mitigation Strategies 105

Price Mitigation Strategies Training Supply Chain Supply and Demand 105

Procurement Academy

SEPTEMBER 26, 2024

On the surface, businesses invest in training programs to improve the skillset of their employees and enhance team performance. However, the effectiveness of these training programs relies on a lot of factors, many of which are overlooked. Well-trained professionals will ultimately make better decisions.

Buyer Training 52

Buyer Training Pricing Training Purchasing Training Negotiating Skills 52