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Analysis: Today’s Global Economy vs. Global Container Shipping

MTS Logistics

For example: The global GDP growth rate for 2021 was 6.02%, a 9.1% Considering higher capacity, with reduced demand, these tools have barely any impact. The post Analysis: Today’s Global Economy vs. Global Container Shipping appeared first on More Than Shipping. increase from 2020.

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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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Why manufacturers should integrate business intelligence tools into their ERP software

SYSPRO Smarter ERP

Here’s an example. Mid-market manufacturers need a tool that’s tailored to their needs. The BI tool needs to be able to easily pull all this data together for analysis. Bringing in additional outside data sources can make analysis even more powerful by enabling one to look at a question from a more holistic point of view.

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Artificial Intelligence Tools That Can Benefit Your Small Business Today

WorkWave

For example, AI in pest control allows organizations to optimize chemical distribution routes, automate marketing, and deploy drones to eliminate pests in hard-to-reach places. Learn more about the best AI tools for small businesses below. AI-based Graphic Design Tools. Automated Customer Communications.

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Top 5 Barriers to Supply Chain Network Design Adoption and How to Overcome Them

Speaker: Brian Dooley, Director SC Navigator, AIMMS, and Paul van Nierop, Supply Chain Planning Specialist, AIMMS

When you finally have the analysis, everything has changed, and it is no longer relevant. Don’t have the right tools/tools are too complex or expensive. You may have recently had M&A activity, about to roll out a new product line or need to cut costs. You need answers to urgent network questions, but weeks go by.

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6 Types of Automation [Benefits, Pros/Cons, Examples]

Conger

Examples of automation range from a household thermostat to a large industrial control system, self-driven vehicles, and warehousing robots. Programmable automation is code-based, allowing for excellent precision Programmable automation is most used in systems that produce similar items using the same automated steps and tools.

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Using ABC Analysis in Inventory Management

EazyStock

What is ABC Analysis? ABC inventory analysis is a method used to classify a business’s stock items into three categories – A, B and C, based on their value to the business. In this blog post we’ll delve deeper into the intricacies of ABC analysis and how it can help businesses improve their inventory management practices.