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How to create a carrier scorecard that includes predictive modeling around freight market volatility

FreightWaves SONAR

Successful performance measurement and management contribute to enhancements and help to optimize supply chain resources. As a result, companies should create carrier scorecard standards that apply advanced analytics, namely predictive modeling, to consider market volatility and overcome it. Request a SONAR demo online to get started.

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Emerging Trends Around Last-Mile Delivery Fulfillment Models 2022

Locus

Similarly, today’s emerging last-mile delivery fulfillment models seemed like a gamble for businesses when it started a decade back but are essential for a profitable business plan today. Being a retailer, the ultimate question on your mind would be, “How to deliver goods quickly and seamlessly while minimizing costs?”.

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6 Inventory Control Techniques for Stock Optimization

EazyStock

Inventory Control Techniques that use Stock Optimization Best Practices. There are hundreds of inventory control blog posts on how to organize warehouses, track goods and pick and pack efficiently. What is stock optimization? 6 Inventory Control Techniques to Optimize Stock Levels. Understand your demand.

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Demand Forecasting: How It Enhances Ecommerce Operations

Ship Monk

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. If you know how much your inventory costs to store, per unit, you can determine whether or not a more expensive forecasting technique is worth the potential savings in inventory costs.

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5 Reasons How RFPs Help in Selecting the Right Logistics Technology Platform For Your Enterprise-Level Business

Locus

More and more companies are looking to digitalization of their end-to-end logistics operations for high efficiencies at optimal costs. How to resolve this conundrum? Enter the Request for Proposal (RFP): a strategic tool that goes beyond mere vendor selection. How important is customization of the solution?

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How to Calculate and Apply ABC Classification of Inventory

EazyStock

The graph below illustrates how 80% of a company’s sales revenue comes from 20% of their stock items: ABC analysis & The Pareto Rule for inventory management. How to Calculate ABC Classification. Here is a working illustration of how to divide your inventory using annual consumption value. What’s the solution?

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How to Manage Inventory in a Growing Business

EazyStock

In this post we’re exploring how to manage inventory effectively when you’re faced with a growing product portfolio. Reducing stock levels to carry more lines (without accurate forecasting and inventory optimization tools) can lead to stockouts and expensive backorders or rush orders from suppliers. Conclusion.