IMAFS is an inventory management solution powered by artificial intelligence that aims to optimize inventory levels. It works with companies to improve stock availability and implement best practices. IMAFS uses AI to analyze multiple parameters and make accurate predictions to optimize performance, costs, and profits. It calculates optimized inventory parameters on a monthly basis. The solution is integrated with transactional systems and provides reporting and analytics dashboards. Case studies show IMAFS helping companies reduce inventory levels by 15-50% without decreasing service levels.
This document describes an inventory management software called IMAFS that calculates optimized inventory parameters to help companies improve performance by reducing inventory levels while maintaining service levels. The software integrates with transactional systems, provides tools for inventory optimization and control, and has features like dashboards with key performance indicators and exception reports. Case studies show companies achieving inventory reductions of 15-50% using IMAFS while increasing availability from 76% to over 94% and reducing equipment downtime.
IMAFS Manage your inventory levels with state of the art optimization toolsIMAFS
The document describes an inventory management software called IMAFS that calculates optimized inventory parameters on a monthly basis. It provides tools to improve inventory management and reduce stock levels while maintaining service levels. Case studies show companies achieving inventory reductions of up to 20% and increased parts availability from 76% to 94% after implementing IMAFS.
IMAFS The Inventory Optimization SoftwareIMAFS Inc.
Increase your control over your inventory management with our artificial intelligence-powered solution.
Raise your company’s performance level to new heights. A feature-rich inventory optimization solution created for the most demanding managers.
Notification and delivery scheduling system for the logistic centerMaciej Puchała
The logistic center of one of the biggest car manufacturers worldwide places orders for spare parts in factories using their ERP system. The logistics service providers, contracted by factories, deliver spare parts to the logistic center. The logistic center does not use any scheduling system that coordinates unloading deliveries, the logistics service providers and the internal work flow and logistic center resources.
Fully automatic detection of material handling vehicles idling with identification of downtime reasons, visual feedback to operator of current operational status
Operation management presentation- ahmedAhmed Kamal
The document discusses operations at International Automotive Company's (IAC) Reynosa plant in Mexico. Paul Salinas was appointed to rebuild the supply chain at the recently acquired plant. Key issues included inefficient warehouse management and transportation planning, which led to high inventory costs and use of premium freight. Salinas implemented lean management techniques like the milk run delivery strategy and standardized barcoding to improve efficiency. A difficult challenge was gaining employee acceptance of supply chain management due to cultural and skills issues.
The document discusses implementing a monitoring system to increase machine time fraction and end-to-end production control for high-tech aviation product manufacturing. The solution integrated machine pools into a single information space, installed monitoring terminals to determine downtime causes, and automated control program transfers and execution monitoring. This resulted in a 21% increase in average machine time fraction and an annual economic benefit of 183,800 Euro from introducing the monitoring system. Key performance indicators were also developed and are now controlled for shop managers and production.
IMAFS is an inventory management solution powered by artificial intelligence that aims to optimize inventory levels. It works with companies to improve stock availability and implement best practices. IMAFS uses AI to analyze multiple parameters and make accurate predictions to optimize performance, costs, and profits. It calculates optimized inventory parameters on a monthly basis. The solution is integrated with transactional systems and provides reporting and analytics dashboards. Case studies show IMAFS helping companies reduce inventory levels by 15-50% without decreasing service levels.
This document describes an inventory management software called IMAFS that calculates optimized inventory parameters to help companies improve performance by reducing inventory levels while maintaining service levels. The software integrates with transactional systems, provides tools for inventory optimization and control, and has features like dashboards with key performance indicators and exception reports. Case studies show companies achieving inventory reductions of 15-50% using IMAFS while increasing availability from 76% to over 94% and reducing equipment downtime.
IMAFS Manage your inventory levels with state of the art optimization toolsIMAFS
The document describes an inventory management software called IMAFS that calculates optimized inventory parameters on a monthly basis. It provides tools to improve inventory management and reduce stock levels while maintaining service levels. Case studies show companies achieving inventory reductions of up to 20% and increased parts availability from 76% to 94% after implementing IMAFS.
IMAFS The Inventory Optimization SoftwareIMAFS Inc.
Increase your control over your inventory management with our artificial intelligence-powered solution.
Raise your company’s performance level to new heights. A feature-rich inventory optimization solution created for the most demanding managers.
Notification and delivery scheduling system for the logistic centerMaciej Puchała
The logistic center of one of the biggest car manufacturers worldwide places orders for spare parts in factories using their ERP system. The logistics service providers, contracted by factories, deliver spare parts to the logistic center. The logistic center does not use any scheduling system that coordinates unloading deliveries, the logistics service providers and the internal work flow and logistic center resources.
Fully automatic detection of material handling vehicles idling with identification of downtime reasons, visual feedback to operator of current operational status
Operation management presentation- ahmedAhmed Kamal
The document discusses operations at International Automotive Company's (IAC) Reynosa plant in Mexico. Paul Salinas was appointed to rebuild the supply chain at the recently acquired plant. Key issues included inefficient warehouse management and transportation planning, which led to high inventory costs and use of premium freight. Salinas implemented lean management techniques like the milk run delivery strategy and standardized barcoding to improve efficiency. A difficult challenge was gaining employee acceptance of supply chain management due to cultural and skills issues.
The document discusses implementing a monitoring system to increase machine time fraction and end-to-end production control for high-tech aviation product manufacturing. The solution integrated machine pools into a single information space, installed monitoring terminals to determine downtime causes, and automated control program transfers and execution monitoring. This resulted in a 21% increase in average machine time fraction and an annual economic benefit of 183,800 Euro from introducing the monitoring system. Key performance indicators were also developed and are now controlled for shop managers and production.
The document discusses the transition of an office equipment company's operations from Connecticut to a new automated warehouse in Ohio. Some key points are:
- The company distributes office equipment, parts, and supplies to North American customers.
- Moving to the new Ohio warehouse will save over $2 million annually through increased productivity, improved inventory management, and lower operating costs.
- Challenges include moving inventory, coordinating inbound shipments, disposing excess inventory, starting up the new systems, and maintaining order processing during the transition between the old and new locations.
The document discusses solutions implemented to improve the productivity and efficiency of transport aircraft manufacturing equipment. The solutions integrated machine tools into a single information space, established energy consumption controls, and set up an emergency alert system. This optimized the process of storing and transferring control programs to machines. As a result, productivity increased by 46.8%, working time per shift increased by 1 hour due to automated program transfers, and annual savings of 500 euros per machine were achieved through power optimization. Overall, equipment load increased by 36.1% and annual savings of 250,000 euros were realized on one production site.
PA, Indent, Po & Inventory Tracking Systemkanagarajd
The document discusses an inventory management system called TIS that can help manufacturing companies. TIS tracks inventory levels of raw materials, work-in-process items, purchased parts and supplies. It generates reports on current stock levels, purchase orders, consumption and more. TIS aims to reduce inventory costs by closely monitoring stock movements and locations. It sends alerts to avoid delays and shortages which can improve organization efficiency and profitability.
Simulean is a business simulation tool developed using data gathered over years from food processing channels to model and analyze profits and margins for each operator in a supply chain. The Simulean model calculates key metrics like turnover, quantities, and margins simultaneously for all operators. It can be used as an example to analyze the margins of each operator in a food processing channel and deliver insights on their profits and competitive positions. Simulean utilizes various macro and micro data sources to inform its analysis and provide services like forecasts, new product analyses, and public data integrated margin insights.
Warehouse cost is the cost associated with the management of the space (storage), the manpower involved in handling the material and the operations performed in the warehouse. Warehouse cost saving includes saving in time, labour, assets and ultimately in money.
Transport: South African government fleet case studyTristan Wiggill
A presentation by Mr Willem Janse van Rensburg (CoCT Electricity Support Services) at the Transport Forum SIG 14 July 2016 hosted by Standard Bank in Cape Town, South Africa.
The theme for the event was: "RTMS - Industry Best Practice and Standards". The topic of the presentation was: "Government fleet case study"
Time-based strategies can involve simplifying supply chain operations to reduce costs. This may include strategic reorientation, collaborative processes, reducing suppliers or inventory, shared data systems, or new computer processes. Concurrent operation refers to performing two or more operations simultaneously. Variance control tracks differences between expected and actual values like costs. Logistics automation applies software or machinery to improve efficiency, for example using self-driving vehicles, drones, robots, or inventory control systems. Resource planning allocates tasks to human and non-human resources to maximize efficiency across areas like manufacturing, supply chain, CRM, HRM, data warehousing, and finance.
The document discusses trends in warehouse automation and why Procter & Gamble, the world's largest consumer goods company, uses Actiw automated warehouse systems. It notes that adaptation of automation is growing due to more sophisticated solutions. Actiw offers a unique high-density system for restricted spaces. P&G operates four Actiw warehouses and considers logistics key to its competitive advantage. Automation can provide major improvements in efficiency, capacity, costs and sustainability over manual warehouses.
The Canadian Malartic gold mine in Quebec was experiencing high inventory levels and stockouts of over 5% for critical items despite a large stock investment. They implemented the IMAFS inventory optimization software to set optimal Min/Max levels. After 18 months, stockouts were reduced by 75-78% for high usage items and 45% for critical items, and overall inventory levels dropped by 14% for items managed by IMAFS. The mine aims to expand IMAFS coverage and continue optimizing inventory management to support efficient operations.
Canadian Malartic managed Min Max manually on some 16,000 items. The inventories were continually increasing. At the same time, there were many stockouts, a little over 5%, for critical and high consumption items even with a stock investment of tens of millions dollars. A stockout in the mining industry could potentially lead to a disruption in production that has major financial impacts. It is imperative to minimize stockouts.
The document discusses challenges facing fleet managers and how a fleet management system from Smartfleet can help address them. The top challenges identified are accurate cost reporting, managing maintenance costs, and pool vehicle management. Smartfleet's system provides customizable reporting, maintenance management services, and an online booking system to help optimize costs, utilization, and decision making. It concludes that Smartfleet's comprehensive solution can help businesses deal with current issues and future challenges in a changing economic environment.
Norampac, a corrugated packaging plant, was manually managing inventory of nearly 15,000 spare parts with many shortages. In 2010, it began using IMAFS inventory optimization software integrated with its Guide TI maintenance system. This increased the availability of maintenance items from 60% to 95% while only increasing inventory 5%. Simulation showed inventory could be reduced 30% while maintaining service levels. The project involved validating data, classifying items, establishing service targets, and calculating dynamic min-max levels to streamline replenishment.
Rajesh Natarajan is a senior professional with over 25 years of experience in sales, logistics operations, supply chain management, procurement, and purchasing. He has extensive experience managing warehouses and parts operations for automotive companies in India and the Middle East. Most recently, he was Head of Warehouse for Mowasalat Transport Company in Qatar, where he oversaw parts inventory valued at $4-5 million and successfully implemented an SAP system.
Measuring the performance of your fleet by clearly defining strategy and tacticsTristan Wiggill
A presentation by Christopher Hill, fleet operations specialist, Altech Netstar, at the 1st annual Fleet Management Conference held at the Indaba Hotel in Johannesburg, South Africa.
Fleetronix provides fleet management tools to effectively manage commercial vehicle fleets. Their solution allows for increased productivity, reduced costs through optimized routing and reduced fuel usage, and improved safety. Case studies show an average of over $7,000 per month in savings through reduced salaries, overtime, fuel and maintenance costs. The document provides an example ROI calculation and concludes that fleet management solutions have become a necessity for businesses using vehicles to improve operations and financial performance.
Lift truck operators' idle time and performance can now be accurately measured in real time using integrated visual data technology. Key performance indicators like idle time percentage capture important business drivers and help identify problems or opportunities for improved performance. Measuring and monitoring each vehicle's utilization data provides valuable insights and allows management to set targets to increase productivity and reduce costs from excessive idling. Installation of idle time measurement systems can immediately improve fleet utilization rates and operator efficiency.
The document discusses SAP Leonardo for Connected Fleet and Logistics 4.0. It describes how SAP Leonardo's Moving Asset Platform can collect, map, store and analyze vehicle sensor data in real-time to provide insights across businesses. This allows companies to digitize their moving assets, integrate asset insights to optimize planning processes, and innovate by creating new revenue processes. Case studies are provided showing how companies have increased efficiency, optimized logistics and routing, improved customer experiences and reduced emissions through connected fleet solutions.
The future solution from SAP under Connected Hydrocarbon Logistics (CHL) solution for Oil and Gas companies would seamlessly integrate with demand plan, inventory plan, trade execution and supply chain logistics. The solution would incorporate the advanced SAP HANA features along with better user experience.
Gg freight case study grace ijeluumgcgg freightjoney4
GG Freight is a freight company operating in the southwestern US with $35 million in annual revenue. It has eight terminals and 750 employees. The company aims to increase profits to 8% through cost reductions and efficiency gains. The current IT system handles freight tracking, fleet maintenance, finance, and accounting. The new CIO plans to restructure IT as a strategic department to better support the business through initiatives like unified communications, open source software, customer relationship management, and business intelligence.
The document discusses the transition of an office equipment company's operations from Connecticut to a new automated warehouse in Ohio. Some key points are:
- The company distributes office equipment, parts, and supplies to North American customers.
- Moving to the new Ohio warehouse will save over $2 million annually through increased productivity, improved inventory management, and lower operating costs.
- Challenges include moving inventory, coordinating inbound shipments, disposing excess inventory, starting up the new systems, and maintaining order processing during the transition between the old and new locations.
The document discusses solutions implemented to improve the productivity and efficiency of transport aircraft manufacturing equipment. The solutions integrated machine tools into a single information space, established energy consumption controls, and set up an emergency alert system. This optimized the process of storing and transferring control programs to machines. As a result, productivity increased by 46.8%, working time per shift increased by 1 hour due to automated program transfers, and annual savings of 500 euros per machine were achieved through power optimization. Overall, equipment load increased by 36.1% and annual savings of 250,000 euros were realized on one production site.
PA, Indent, Po & Inventory Tracking Systemkanagarajd
The document discusses an inventory management system called TIS that can help manufacturing companies. TIS tracks inventory levels of raw materials, work-in-process items, purchased parts and supplies. It generates reports on current stock levels, purchase orders, consumption and more. TIS aims to reduce inventory costs by closely monitoring stock movements and locations. It sends alerts to avoid delays and shortages which can improve organization efficiency and profitability.
Simulean is a business simulation tool developed using data gathered over years from food processing channels to model and analyze profits and margins for each operator in a supply chain. The Simulean model calculates key metrics like turnover, quantities, and margins simultaneously for all operators. It can be used as an example to analyze the margins of each operator in a food processing channel and deliver insights on their profits and competitive positions. Simulean utilizes various macro and micro data sources to inform its analysis and provide services like forecasts, new product analyses, and public data integrated margin insights.
Warehouse cost is the cost associated with the management of the space (storage), the manpower involved in handling the material and the operations performed in the warehouse. Warehouse cost saving includes saving in time, labour, assets and ultimately in money.
Transport: South African government fleet case studyTristan Wiggill
A presentation by Mr Willem Janse van Rensburg (CoCT Electricity Support Services) at the Transport Forum SIG 14 July 2016 hosted by Standard Bank in Cape Town, South Africa.
The theme for the event was: "RTMS - Industry Best Practice and Standards". The topic of the presentation was: "Government fleet case study"
Time-based strategies can involve simplifying supply chain operations to reduce costs. This may include strategic reorientation, collaborative processes, reducing suppliers or inventory, shared data systems, or new computer processes. Concurrent operation refers to performing two or more operations simultaneously. Variance control tracks differences between expected and actual values like costs. Logistics automation applies software or machinery to improve efficiency, for example using self-driving vehicles, drones, robots, or inventory control systems. Resource planning allocates tasks to human and non-human resources to maximize efficiency across areas like manufacturing, supply chain, CRM, HRM, data warehousing, and finance.
The document discusses trends in warehouse automation and why Procter & Gamble, the world's largest consumer goods company, uses Actiw automated warehouse systems. It notes that adaptation of automation is growing due to more sophisticated solutions. Actiw offers a unique high-density system for restricted spaces. P&G operates four Actiw warehouses and considers logistics key to its competitive advantage. Automation can provide major improvements in efficiency, capacity, costs and sustainability over manual warehouses.
The Canadian Malartic gold mine in Quebec was experiencing high inventory levels and stockouts of over 5% for critical items despite a large stock investment. They implemented the IMAFS inventory optimization software to set optimal Min/Max levels. After 18 months, stockouts were reduced by 75-78% for high usage items and 45% for critical items, and overall inventory levels dropped by 14% for items managed by IMAFS. The mine aims to expand IMAFS coverage and continue optimizing inventory management to support efficient operations.
Canadian Malartic managed Min Max manually on some 16,000 items. The inventories were continually increasing. At the same time, there were many stockouts, a little over 5%, for critical and high consumption items even with a stock investment of tens of millions dollars. A stockout in the mining industry could potentially lead to a disruption in production that has major financial impacts. It is imperative to minimize stockouts.
The document discusses challenges facing fleet managers and how a fleet management system from Smartfleet can help address them. The top challenges identified are accurate cost reporting, managing maintenance costs, and pool vehicle management. Smartfleet's system provides customizable reporting, maintenance management services, and an online booking system to help optimize costs, utilization, and decision making. It concludes that Smartfleet's comprehensive solution can help businesses deal with current issues and future challenges in a changing economic environment.
Norampac, a corrugated packaging plant, was manually managing inventory of nearly 15,000 spare parts with many shortages. In 2010, it began using IMAFS inventory optimization software integrated with its Guide TI maintenance system. This increased the availability of maintenance items from 60% to 95% while only increasing inventory 5%. Simulation showed inventory could be reduced 30% while maintaining service levels. The project involved validating data, classifying items, establishing service targets, and calculating dynamic min-max levels to streamline replenishment.
Rajesh Natarajan is a senior professional with over 25 years of experience in sales, logistics operations, supply chain management, procurement, and purchasing. He has extensive experience managing warehouses and parts operations for automotive companies in India and the Middle East. Most recently, he was Head of Warehouse for Mowasalat Transport Company in Qatar, where he oversaw parts inventory valued at $4-5 million and successfully implemented an SAP system.
Measuring the performance of your fleet by clearly defining strategy and tacticsTristan Wiggill
A presentation by Christopher Hill, fleet operations specialist, Altech Netstar, at the 1st annual Fleet Management Conference held at the Indaba Hotel in Johannesburg, South Africa.
Fleetronix provides fleet management tools to effectively manage commercial vehicle fleets. Their solution allows for increased productivity, reduced costs through optimized routing and reduced fuel usage, and improved safety. Case studies show an average of over $7,000 per month in savings through reduced salaries, overtime, fuel and maintenance costs. The document provides an example ROI calculation and concludes that fleet management solutions have become a necessity for businesses using vehicles to improve operations and financial performance.
Lift truck operators' idle time and performance can now be accurately measured in real time using integrated visual data technology. Key performance indicators like idle time percentage capture important business drivers and help identify problems or opportunities for improved performance. Measuring and monitoring each vehicle's utilization data provides valuable insights and allows management to set targets to increase productivity and reduce costs from excessive idling. Installation of idle time measurement systems can immediately improve fleet utilization rates and operator efficiency.
The document discusses SAP Leonardo for Connected Fleet and Logistics 4.0. It describes how SAP Leonardo's Moving Asset Platform can collect, map, store and analyze vehicle sensor data in real-time to provide insights across businesses. This allows companies to digitize their moving assets, integrate asset insights to optimize planning processes, and innovate by creating new revenue processes. Case studies are provided showing how companies have increased efficiency, optimized logistics and routing, improved customer experiences and reduced emissions through connected fleet solutions.
The future solution from SAP under Connected Hydrocarbon Logistics (CHL) solution for Oil and Gas companies would seamlessly integrate with demand plan, inventory plan, trade execution and supply chain logistics. The solution would incorporate the advanced SAP HANA features along with better user experience.
Gg freight case study grace ijeluumgcgg freightjoney4
GG Freight is a freight company operating in the southwestern US with $35 million in annual revenue. It has eight terminals and 750 employees. The company aims to increase profits to 8% through cost reductions and efficiency gains. The current IT system handles freight tracking, fleet maintenance, finance, and accounting. The new CIO plans to restructure IT as a strategic department to better support the business through initiatives like unified communications, open source software, customer relationship management, and business intelligence.
This document discusses airline revenue accounting and selecting a revenue accounting system. It provides background on how revenue accounting has advanced with technology. Key points:
- Revenue accounting systems now provide real-time analytics to help airlines make informed decisions.
- Major vendors include Mercator, NIIT, SITA, and newer entrant Amadeus. Systems must integrate with other airline systems.
- When selecting a system, airlines should consider the vendor's experience, product features, analytical capabilities, and ability to meet future needs and industry standards. The right system provides timely, accurate reporting and process improvements.
Benefits of Custom Mobile Apps for Transportation and Logistics CompaniesJohn Smith
Custom mobile apps can be a game-changer for transportation and logistics companies in today's fast-paced world. Firstly, they streamline operations like never before. These apps can provide real-time tracking of shipments, helping companies monitor their fleet's location and status, which leads to better route planning and reduced delays. Plus, drivers can receive instant updates, making their jobs more manageable and efficient.
Another significant benefit is cost reduction. With custom mobile apps tailored to your company's specific needs, you can cut down on paperwork and manual data entry. This not only saves time but also reduces the chance of errors. Imagine a world where all your invoices, receipts, and reports are digitized and easily accessible through a mobile app – it's a reality with these solutions. Additionally, mobile apps can integrate with other systems, like GPS and inventory management, to provide a comprehensive view of your logistics operations, enabling better decision-making. So, in a nutshell, custom mobile apps aren't just a luxury but a necessity for transportation and logistics companies aiming to stay competitive and efficient in today's market.
Now, let me share a little anecdote from my own life. A few years back, I used to work for a small logistics company that was struggling to keep up with the demands of its clients. We were drowning in paperwork, and our drivers were often lost in transit. It was a nightmare! But then, we decided to invest in a custom mobile app. Within a few months, our entire operation transformed. We could track our trucks in real-time, optimize routes to save fuel, and say goodbye to the endless stacks of paperwork. It not only boosted our productivity but also improved customer satisfaction. So trust me, the benefits of custom mobile apps for transportation and logistics companies are not to be underestimated – they can turn your logistics nightmare into a smooth operation!
Fleet view - CarFleet Operational Cost for Oracle AppsGeorge Faur
Cars operational parameter, Specific tax validity, Fuel consumption per order or per period, are information not included as standard functionalities in Oracle Applications.
FleetView is a plug-in module which helps customers which already use Oracle Applications, to integrate Car Fleet operations and management.
Consolidation of Warehouses and efficient integration of superior technology resulted in improved efficiency and reduction of costs for a telecom giant.
Ways and Means of Better Fleet ManagementInfra Bazaar
Plant and equipment manager always face this herculean task of keeping the fleet in top order. The fleet should be ready to take up any tedious tasks at ease without any kind of vehicle/equipment break down. For this the challenge is to keep fleet age below 5 years. They are also under the pressure of using the budget optimally. Maintenance of old vehicles and purchase of new machinery are very expensive affair. Hence, planning in advance will help maintain proper productivity and keeping the fleet in good condition. A quarterly plan or even a monthly plan is required to assess the vehicle condition and their replacement.
What is Fleet Management in the Logistics Industry.pdfTrackobit
Fleet management is crucial in logistics for cost reduction and smooth operations. Read on how you can improve your fleet management process while optimizing routes, reducing excessive fuel usage, and improving delivery efficiency.
Ramco Systems provides cloud-based enterprise software for asset management, including ERP, EAM, HCM, and other solutions. They serve over 1000 customers across 10+ industries in 35 countries. Ramco's EAM software provides features for asset lifecycle management, maintenance management, real-time analytics and reporting, and mobility. It helps companies optimize asset performance, utilization, and maintenance costs. Norske Skog Australasia deployed Ramco EAM and finance modules to replace separate systems, gain real-time insight across sites, and optimize processes.
Similar to Case study Réseau de transport de la Capitale (20)
The company aimed to reduce inventories without lowering service levels. Using IMAFS, they classified items by criticality and demand to calculate optimized inventory parameters. This resulted in a 15% global inventory reduction within 10 months, including a 29% reduction for IMAFS-controlled items, while maintaining critical item availability and service levels.
Interconnectivité entre IBM Maximo et Imafs IMAFS Inc.
IMAFS dispose maintenant d'interfaces avec SAP et Maximo.
En pratique cela permet d'accélérer significativement le temps d'implantation et de réduire les coûts d'implantation.
Pour les clients SAP et Maximo, IMAFS peut faire une analyse préliminaire des inventaire en moins d'un mois à peu de coûts.
IMAFS permet d'éliminer 80% des ruptures de stocks. Ce qui augmente la disponibilité des équipements de production et de réduire les stocks de plus de 20%,assurant ainsi une réduction des actifs immobilisés.
9 Keys to Maximizing Profits and Equipment Uptime through Inventory Managemen...IMAFS Inc.
This document outlines 9 keys to maximizing profits and equipment uptime through inventory management for maintenance parts. It discusses: 1) classifying parts by criticality and usage, 2) managing demand through forecasting, lead time analysis, and optimizing inventory parameters, and 3) clarifying roles and responsibilities through policies and KPIs. The overall goal is to balance inventory costs, stockouts, and service levels using an inventory optimization system that analyzes data and allows simulations and adjustments.
Open Source Contributions to Postgres: The Basics POSETTE 2024ElizabethGarrettChri
Postgres is the most advanced open-source database in the world and it's supported by a community, not a single company. So how does this work? How does code actually get into Postgres? I recently had a patch submitted and committed and I want to share what I learned in that process. I’ll give you an overview of Postgres versions and how the underlying project codebase functions. I’ll also show you the process for submitting a patch and getting that tested and committed.
STATATHON: Unleashing the Power of Statistics in a 48-Hour Knowledge Extravag...sameer shah
"Join us for STATATHON, a dynamic 2-day event dedicated to exploring statistical knowledge and its real-world applications. From theory to practice, participants engage in intensive learning sessions, workshops, and challenges, fostering a deeper understanding of statistical methodologies and their significance in various fields."
"Financial Odyssey: Navigating Past Performance Through Diverse Analytical Lens"sameer shah
Embark on a captivating financial journey with 'Financial Odyssey,' our hackathon project. Delve deep into the past performance of two companies as we employ an array of financial statement analysis techniques. From ratio analysis to trend analysis, uncover insights crucial for informed decision-making in the dynamic world of finance."
Orchestrating the Future: Navigating Today's Data Workflow Challenges with Ai...Kaxil Naik
Navigating today's data landscape isn't just about managing workflows; it's about strategically propelling your business forward. Apache Airflow has stood out as the benchmark in this arena, driving data orchestration forward since its early days. As we dive into the complexities of our current data-rich environment, where the sheer volume of information and its timely, accurate processing are crucial for AI and ML applications, the role of Airflow has never been more critical.
In my journey as the Senior Engineering Director and a pivotal member of Apache Airflow's Project Management Committee (PMC), I've witnessed Airflow transform data handling, making agility and insight the norm in an ever-evolving digital space. At Astronomer, our collaboration with leading AI & ML teams worldwide has not only tested but also proven Airflow's mettle in delivering data reliably and efficiently—data that now powers not just insights but core business functions.
This session is a deep dive into the essence of Airflow's success. We'll trace its evolution from a budding project to the backbone of data orchestration it is today, constantly adapting to meet the next wave of data challenges, including those brought on by Generative AI. It's this forward-thinking adaptability that keeps Airflow at the forefront of innovation, ready for whatever comes next.
The ever-growing demands of AI and ML applications have ushered in an era where sophisticated data management isn't a luxury—it's a necessity. Airflow's innate flexibility and scalability are what makes it indispensable in managing the intricate workflows of today, especially those involving Large Language Models (LLMs).
This talk isn't just a rundown of Airflow's features; it's about harnessing these capabilities to turn your data workflows into a strategic asset. Together, we'll explore how Airflow remains at the cutting edge of data orchestration, ensuring your organization is not just keeping pace but setting the pace in a data-driven future.
Session in https://budapestdata.hu/2024/04/kaxil-naik-astronomer-io/ | https://dataml24.sessionize.com/session/667627
Codeless Generative AI Pipelines
(GenAI with Milvus)
https://ml.dssconf.pl/user.html#!/lecture/DSSML24-041a/rate
Discover the potential of real-time streaming in the context of GenAI as we delve into the intricacies of Apache NiFi and its capabilities. Learn how this tool can significantly simplify the data engineering workflow for GenAI applications, allowing you to focus on the creative aspects rather than the technical complexities. I will guide you through practical examples and use cases, showing the impact of automation on prompt building. From data ingestion to transformation and delivery, witness how Apache NiFi streamlines the entire pipeline, ensuring a smooth and hassle-free experience.
Timothy Spann
https://www.youtube.com/@FLaNK-Stack
https://medium.com/@tspann
https://www.datainmotion.dev/
milvus, unstructured data, vector database, zilliz, cloud, vectors, python, deep learning, generative ai, genai, nifi, kafka, flink, streaming, iot, edge
4th Modern Marketing Reckoner by MMA Global India & Group M: 60+ experts on W...Social Samosa
The Modern Marketing Reckoner (MMR) is a comprehensive resource packed with POVs from 60+ industry leaders on how AI is transforming the 4 key pillars of marketing – product, place, price and promotions.
End-to-end pipeline agility - Berlin Buzzwords 2024Lars Albertsson
We describe how we achieve high change agility in data engineering by eliminating the fear of breaking downstream data pipelines through end-to-end pipeline testing, and by using schema metaprogramming to safely eliminate boilerplate involved in changes that affect whole pipelines.
A quick poll on agility in changing pipelines from end to end indicated a huge span in capabilities. For the question "How long time does it take for all downstream pipelines to be adapted to an upstream change," the median response was 6 months, but some respondents could do it in less than a day. When quantitative data engineering differences between the best and worst are measured, the span is often 100x-1000x, sometimes even more.
A long time ago, we suffered at Spotify from fear of changing pipelines due to not knowing what the impact might be downstream. We made plans for a technical solution to test pipelines end-to-end to mitigate that fear, but the effort failed for cultural reasons. We eventually solved this challenge, but in a different context. In this presentation we will describe how we test full pipelines effectively by manipulating workflow orchestration, which enables us to make changes in pipelines without fear of breaking downstream.
Making schema changes that affect many jobs also involves a lot of toil and boilerplate. Using schema-on-read mitigates some of it, but has drawbacks since it makes it more difficult to detect errors early. We will describe how we have rejected this tradeoff by applying schema metaprogramming, eliminating boilerplate but keeping the protection of static typing, thereby further improving agility to quickly modify data pipelines without fear.
1. Réseau de transport de la Capitale (RTC) offers regular public transit services in Quebec City
area and vehicules more than 155,000 different people every month. It has a fleet of about 600
standard, articulated, and midibus vehicules, including many that are hybrids and air-
conditioned. RTC offers more than 4,300 daily departures and has around 1,600 employees,
including 19 % in maintenance functions.
To support maintenance of its equipment, RTC has a catalog of more than 24,000 maintenance
parts.
Initial problem statement
In 2016, the Head Supply Chain Officer has given his team the challenge of maintaining good
availability levels of parts while reducing inventory investments. RTC had an inventory
optimization software, IMAFS, which was only used for 16% of the items.
Solution
The procurement team has mobilized itself to make more use of IMAFS functionalities and
exception lists to better optimize inventory. RTC has also asked IMAFS to improve certain
performance reports and to introduce the concept of maximum shelf in order to limit stocks
taking into account the available space in stores. These changes have contributed to increase
the willingness to make more use of IMAFS calculated Min Max.
Results
Between 2016 and 2019, RTC’s efforts have allowed to increase the percentage of parts
controlled by IMAFS from 16% to 67%. Supply Managers always involve Maintenance
Managers and Planners before putting parameters into automatic control. This operating mode
ensures full collaboration between maintenance staff and Inventory Managers.
During these same years, RTC had been able to maintain proper availability levels of parts
while reducing investment in stock by almost 14% on all items. This reduction amounts to 24% if
we consider only items with Min Max controlled by IMAFS. On the other hand, the inventory turn
increased from 2,5 turns in 2016 to more than 3,5 turns in 2019.
The emphasis was also placed on reducing obsolete inventories, that is to say, the inventory of
items of which we foresee little or no future consumption. The efforts have allowed of reducing
obsolete inventories by 36%.
All this has been achieved even if RTC bus trips have increased and that there were changes in
the fleet.
Users appreciate IMAFS’s features such as :
- The fact that IMAFS takes into account the seasonality of the demand, which ensures a
dynamic adjustment of Min Max as the season begins and ends. This avoids stockouts
at the beginning of the season and off-season surpluses.
- The fact that IMAFS takes into account the increase and the decrease of the demand for
items. The Min Max automatically adjusts downward when the demand decreases,
which, among other things, helps prevent obsolescence of parts.
- IMAFS forecasts are used by the buyers to prepare tenders. They also use forecasts by
product family to work with the Finance Department in terms of material budgets. This
2. way of working has allowed time saving. We also ask suppliers to maintain a stock
quickly available of class A items. IMAFS has become an indispensable tool in the
procurement of material.
- The flexibility of reports and exception lists.
- The fact that IMAFS identifies items whose forecast could cause problems, users can
then make a manual adjustment if required.
RTC staff enjoy working with the different functionalities of IMAFS. The ease of use of the
various tools available allows to obtain tangible results quickly and efficiently. The objectives
that the organization had set were able to be achieved and even exceeded, which has
resulted in substantial savings for RTC at all points of view.