Wednesday, June 11, 2025 · Massachusetts Institute of Technology
Using a tailored simulation model provides strategic insight into inventory management, resulting in improved forecast accuracy, reduced errors by 26%, and lowered Mean Absolute Percentage Error from 28% to 20.7%, research found.
Tuesday, May 6, 2025 · Sreekumar Somasundaram
Implementing a warehouse management system in build-to-order environments requires advanced capabilities and customization to handle complex, variable operations that standard systems often cannot support.
Wednesday, April 16, 2025 · Lindsay Montanari, senior director, academic programs, Gurobi Optimization
Gurobi Optimization, in collaboration with Dr. Larry Snyder of Lehigh University, created a supply chain optimization game based on the ability to deliver burritos to customers, maximizing profits.
Wednesday, March 12, 2025 · SCMR Staff
The pharmaceutical industry faces significantly longer lead times than other industries, and time delays can seriously impact the health outcomes of countless individuals. Recognizing the potential risks this poses, one industry giant sought to improve on-time delivery through…
Wednesday, March 5, 2025 · Robert J. Delaney, MS, and Amanda L. Femano, Ph.D
With finite resources, it is in the best interest of any organization to properly quantify the risk associated with individual components. In both the military and industry, it is imperative that investments in the supply chain are prioritized based on the overall risk to the…
Wednesday, February 26, 2025 · Massachusetts Institute of Technology
In the fast-paced world of energy-exploration technology, companies are constantly on the lookout for innovative strategies to help them stay ahead of market dynamics. For one global energy company, the key to unlocking efficiency was transforming how it predicts the demand…
Wednesday, January 22, 2025 · Massachusetts Institute of Technology
By leveraging a data-driven approach and machine learning algorithms, an oil & gas company was able to more accurately predict semiconductor availability, reducing safety stock inventory and more effectively predicting lead-time forecasting.
Wednesday, January 8, 2025 · Massachusetts Institute of Technology
A pick-to-zero strategy is an order-picking method where shipments are received, put away, picked, and shipped out on the same day. When adding in network design changes, the benefits result in increased product freshness and lower daily shipment costs.
Tuesday, January 7, 2025 · Jason Miller
Raw material shortage issues differ across manufacturing industries and while they have eased in some sectors, they remain elevated above pre-COVID levels for a number of sectors.
Tuesday, December 3, 2024 · Tammy Max
As more mergers take place in the semiconductor industry, customers need to carefully track data such as product identification numbers that can change at the manufacturer level, adding a layer of confusion.
Wednesday, September 4, 2024 · Tan Miller and Emmanuel Peters
The decision to ship products via air or ocean requires more information than just a cost analysis of the two modes—it involves using inventory carrying cost and inventory investment data to make a sound choice.
Tuesday, July 16, 2024 · Jason Miller
Bloated inventories were not confined to retail post-COVID, and while the retail sector has brought inventories under control, the industrial sector has not.
Friday, June 28, 2024 · Paul Lord, VP Analyst, Gartner
Delivering reliable product supply has only become more difficult in recent years with market challenges. To get back on track, organizations should focus on the development and practice of two performance management disciplines: Stock control for improved predictability…
Thursday, January 11, 2024 · Bridget McCrea
Retailers are notorious for either having too much or too little stock, but new technology and data collection may be the answer to getting inventory just right.
Monday, November 6, 2023 · Brian Straight
Master the Art of Inventory Optimization in the Post-Pandemic World. Register now for our Webinar!
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