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Improving Supply Chain Visibility: The Impact of Data Strategy

3PL Links

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. This requires knowing precisely what details should be collected and trusting the sources of this data.

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Cost to Serve Analysis—And the Costs of Neglecting It

Logistics Bureau

Have you conducted a cost-to-serve (CTS) analysis for your enterprise? And that is the sole purpose of cost-to-serve analysis. If you were going to say, “What is a cost-to-serve analysis?” Only a complete cost-to-serve analysis will expose these underlying issues unless they happen to be discovered incidentally.

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How business intelligence can enable you to be a data-driven manufacturer

SYSPRO Smarter ERP

The manufacturing industry is currently undergoing a rapid digital transformation, and as a result, companies are generating vast amounts of data. Unfortunately, without proper processing and analysis, this data is of little use to the organization. This enables managers to take swift action and keep production on track.

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Four Ways of Using Cluster Analysis in Retail Management to Improve Sales

Logistics Viewpoints

quintillion bytes of data every day. For companies that want to go beyond the traditional spreadsheet, which cannot handle this ocean of information efficiently, statistical methods such as cluster analysis can help. What is Cluster Analysis? The retail industry is rich with data. On average, we humans generate 2.5

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Mastering Demand and Inventory Planning: Essential Strategies for Success

3PL Links

Image source: PxHere | Mastering Demand and Inventory Planning: Essential Strategies for Success Have you ever thought about how businesses effectively satisfy customer demand and maintain supplied inventory? Collecting and examining previous sales data while taking patterns and seasonality into account is the first stage.

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Data-driven decision making in manufacturing

SYSPRO Smarter ERP

Data-driven decision making is the process of collecting the data that a company uses, and transforming it into actionable insights. It is a modern business strategy that lets company staff make decisions based on facts instead of biases. The volume and quality of data is important.

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Maximizing Warehouse Efficiency: Unleashing the Potential of ABCD Analysis

Log-hub

Efficient inventory management, layout organization, and operational strategies are key to meeting customer demands while minimizing costs and maximizing profits. One of the most powerful tools employed in this endeavor is the ABCD Analysis.