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Data Quality: Your Digital Transformation Depends on It

Logistics Viewpoints

In a prior post , I wrote about the various ways data is transforming global supply chains. Data is the raw fuel of digital transformation and the linchpin to accelerating industry collaboration, automation, predictive insights and so many more cutting-edge capabilities (including those yet to be invented). So, what is quality data?

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10 Steps to Check If Your Business Is Ready For Big Data

Forto

Few topics hold the prestige of logisticians like Big Data. The applications of Big Data in business are numerous. In freight management, Big Data yields opportunities for improvement. The reason behind the application of data is immense. The ways we collect data has evolved too. Why Is Big Data Important?

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ISM Report Says Tariffs Push Manufacturers to Consider Production Outside US

Material Handling and Logistics

Such sentiment may weigh on business investment, which contributed last quarter to the fastest pace of economic growth since 2014. I don’t believe that true demand has gone away, but there’s definitely an element of uncertainty as to what to build where,” Fiore said. “I at this point,” he said. Dumb policy hurts,” Shepherdson wrote.

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Smart Manufacturing: A Solution to Supply Chain Optimization

Morai Logistics

Statistics show that in 2014, the global ecommerce market generated USD $1.3 However, we often hear of these digital tools from a data and insight or a predictive analytic perspective. There are a variety of definitions that have been created to define smart manufacturing, or smart factories as some experts have coined.

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The History of eCommerce: From the 1960s to the 2020s

Ship Monk

Back in the day, businesses relied on primitive computer networks to conduct electronic transactions through EDI (Electronic Data Interchange), enabling them to share invoices, order forms, and shipping confirmations. In 1994, Netscape developed SSL (Secure Socket Layers), a protocol that increased the safety of internet data transmissions.

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How to Calculate and Apply ABC Classification of Inventory

EazyStock

But first here’s a quick reminder of what ABC classification of inventory is: ABC Classification Definition. Determine the thresholds for splitting the data into A, B and C categories. How to Put your Data to Good Use. This post was originally published in December 2014; it was edited May 2021.

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How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

But first here’s a quick reminder of what ABC classification of inventory is: ABC Analysis Definition. Determine the thresholds for splitting the data into A, B and C categories. How to Put your Data to Good Use. This post was originally published in December 2014; it was edited June 2019.