article thumbnail

Does a 2008 answer to a question on “optimization modeling” still stand in 2024?

Procurement Insights

EDITOR’S NOTE: More than two decades ago, the foundational elements for successfully utilizing advanced, self-learning algorithms to optimize the procurement process using an agent-based model were well established. Monte Carlo) used to determine supply chain optimization. If so, what was it? I hope this helps.

article thumbnail

As I approach the publication of my 2,000th blog post this year, will my (2007 to 2023) archives stand the test of time? (Post #1)

Procurement Insights

This year, I will be closing in on the 2,000th blog post on Procurement Insights dating back to May 2007. Once again, when you recognize this elemental difference, you will then take the first steps towards building an effective optimization model.” So, do my writings stand the test of time?

professionals

Sign Up for our Newsletter

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

article thumbnail

Potential Efficiency Improvements: Vehicle Efficiency in Businesses

SCMDOJO

CNG burns cleaner than diesel, reducing emissions and greenhouse gas output (Lowe, 2007). These tires offer less resistance as they roll, reducing the energy required to maintain movement (Lowe, 2007). Optimizing trailer design for a specific operation can yield significant efficiency gains (ETSU & MIRA, 2001).

article thumbnail

Does technology by itself remove functional silos? Unraveling the o9 Solutions’ Barilla Press Release mystery

Procurement Insights

For that answer, let’s go back to a 2007 post in this blog titled “Yes, Virginia! Revisiting the 2007 Cisco Post in 2023)” to see if my Virginia eVA review stood the test of time. My answer has always been the same – always try to choose successful clients. There is more to e-procurement than software!

article thumbnail

Lean Six Sigma for SMEs: A Path to Continuous Improvement

SCMDOJO

While Lean focuses on eliminating waste and optimizing processes to achieve seamless workflow, Six Sigma targets reducing variation and improving quality through data-driven analysis and statistical tools. – JIT deliveries cause congestion in the supply chain which leads to delays, pollution, shortage of workers, etc.

article thumbnail

How do you know you are really “ready” to attend a live webinar?

Procurement Insights

Retailers must consider various factors, including cost, competition, and customer value, to optimize pricing and achieve business success. Here are a few examples of the breadth of the challenges in the retail world: 2007 – Double Marginalization and the Decentralized Supply Chain 2022 – Where’s The Beef!

article thumbnail

Logistics Service Providers (LSP): 3PL vs 4PL vs 5PL

SCMDOJO

In this effort, Logistics Service Providers (LSPs) are essential because they provide a variety of supply chain management solutions that simplify warehouse operations, order processing, and transportation. A dependable LSP is an essential factor for corporate development and growth. ” It is still primarily theoretical.