How LLMs Improve Scenario Planning in Supply Chain Network Design
The Square Root Law is a mathematical principle used in supply chain management to explain how inventory centralization reduces safety stock.
From Far to Near: How Reshoring and Nearshoring are Redefining Manufacturing
For years, companies outsourced their manufacturing to far-off places like China and Vietnam to cut costs. But things have shifted. Events like the pandemic, trade wars, and rising shipping costs have forced businesses to rethink how and where they make their products. Two solutions that have become popular are reshoring (bringing production back home) and nearshoring (moving it closer but not all the way).
Designing for Sustainability: Optimizing Supply Chains for Cost and Carbon
As the effects of climate change become more evident and societal commitments to sustainability become essential, businesses are increasingly challenged to balance economic objectives with environmental goals. One of the most critical areas where this balance can be achieved is in supply chain management.
Supply Chain Risk Measurement Using Supply Chain Network Design
Supply chains today face a variety of risks, be it natural disasters, geopolitical tensions, cyber threats, or even fast changing demand patterns. Managing these risks isn’t just about keeping things running smoothly — It’s about ensuring that businesses can adapt and thrive in the long term. One of the most effective ways to measure and manage these risks is through
Supply Chain Network Design (SCND)
.
Square root law: The math behind why inventory centralization reduces safety stock
The Square Root Law is a mathematical principle used in supply chain management to explain how inventory centralization reduces safety stock.
Non-Linear Parcel Last Mile Costing: Cracking the Complexities
In today’s fast-paced, globally interconnected business landscape, supply chains are under immense pressure to deliver efficiency, responsiveness, and resilience. The traditional, linear approach to supply chain management is no longer sufficient to meet the demands of a dynamic market. This is where artificial intelligence (AI) emerges as a game-changer. AI offers the potential to revolutionize supply chain operations by providing the intelligence and automation needed to navigate complexity, mitigate risks, and optimize performance. This blog post will delve into the advantages, challenges, and practical applications of AI in supply chain management, providing you with a roadmap for implementing AI solutions in your own organization.
AI in Supply Chain Management: Revolutionizing the Flow of Goods
In today’s fast-paced, globally interconnected business landscape, supply chains are under immense pressure to deliver efficiency, responsiveness, and resilience. The traditional, linear approach to supply chain management is no longer sufficient to meet the demands of a dynamic market. This is where artificial intelligence (AI) emerges as a game-changer. AI offers the potential to revolutionize supply chain operations by providing the intelligence and automation needed to navigate complexity, mitigate risks, and optimize performance. This blog post will delve into the advantages, challenges, and practical applications of AI in supply chain management, providing you with a roadmap for implementing AI solutions in your own organization.
Cut Parcel Shipping Costs with Network Optimization
As parcel shipping costs continue to rise, businesses are seeking innovative strategies to control expenses while maintaining efficient delivery services. Network optimization is a powerful approach that can significantly reduce costs and improve service quality. In this post, we’ll explore how businesses can tackle rising parcel delivery costs and surcharges through effective supply chain and logistics network optimization.
Best Supply Chain Design Software 2024
Supply chain design should be an important discipline that supports planning activities. See our research on best supply chain design software of 2024
Using digital twin for inventory planning in E-commerce distribution network
BLOG How can supply chain design optimize inventory allocation in an E-commerce network and reduce last mile logistics cost? Published December 2023 Table of Contents Subscribe to receive latest resources on supply chain design Brick and Mortar vs. E-commerce E-commerce is one of the fastest-growing and most dynamic industries in the world today, with no […]