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Predictive Analysis in Logistics and Supply Chain: How to Apply

3PL Links

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms. This ratio increased to 54% in 2022.

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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 to Innovate Your Supply Chain Management: What You Need to Know

3PL Links

How to Innovate Your Supply Chain Management: What You Need to Know | Image Source: Axestrack Organizations must prioritize supply chain management and implement strategies to increase its efficiency if they want to compete in the market. How to innovate? Ikea’s packaging design is a well-known example to help with this matter.

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9 Barriers to Optimal Inventory and How to Break them Down

Logistics Bureau

Too much inventory in your distribution network? For example, you can optimise for cost, profit, or service, but not for all of them. The second is when you implement segmentation of the SKUs in your portfolio based on Pareto analysis. How to Improve Forecast Accuracy for Optimal Inventory. Inventory costs too high?

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The guide to distribution software

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The importance of distribution software. There are a host of distribution software systems that manage internal and external supply chain workflows. Distribution software benefits. Distribution software can bring many benefits to inventory management teams, and the wider business, including: Accurate demand forecasting.

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How to Deliver Great Customer Service at the Lowest Cost

Logistics Bureau

In this article we will look at the topic of customer service: getting it right in your business, understanding the implications for your distribution network, and how you can extract more value —and get more cost—out of your business. 3) Optimise your distribution network to deliver on your customer service offer.

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

For example, a member of the sales team could apply to become a purchasing agent, based on her experience of negotiating sales deals. For example, you can be doing finance in supply chain, or you can be doing operations. You could be particularly numerate, or into analysis. Sea Change—A Supply Chain Career is now seen as ‘Cool’.