Mike Wilson, global head of logistics at Panalpina and MBA graduate from Cardiff University in 1993, now finds himself working with his alma mater on a research project to forecast the demand of a company\u2019s products and plan its inventory accordingly. With this partnership, Panalpina said it has become the first global logistics company to develop its own application that will help customers manage, forecast and reduce inventory levels in their supply chain.
\nPanalpina and the university\u2019s Cardiff Business School started working on finding the \u201chidden formula\u201d for streamlined inventories three years ago. The approach, based on the \u201clean manufacturing\u201d principles of eliminating waste in business processes, is called \u201cDemand Driven Inventory Dispositioning,\u201d or D\u00b2ID.
\n\u201cTo achieve this, we have taken real inventory data from Panalpina and developed a unique product life-cycle algorithm based on leading-edge mathematical thinking,\u201d said Nicole Ayiomamitou, lead researcher on the project, which was supported by the U.K. government.
\nThe algorithm enables the research team to predict variation of inventories of many products across different industries, and estimate the maximum and minimum amount of inventory to hold for customers. From this data, Panalpina can calculate a good estimate of how much space will be needed at its facilities and what services to offer. The benefit for the customer is that they have a partner who will work with them to keep their product moving, yet minimize inventory, thus avoiding waste, when necessary.
\nPanalpina and Cardiff have launched two more two-year projects focusing on new manufacturing technologies. The aim is to help Panalpina\u2019s customers identify the right products using 3D printing.
\nPictured: Nicole Ayiomamitou
\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"
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