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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.

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3PL vs 4PL: Which One Is Best for Your Business 

GoShip Blog

This has brought about the rising need for 3PL (third-party logistics) and 4PL (fourth-party logistics). 3PL may work for one business, but that doesn’t mean it will also work for yours. So how do you choose between 3PL and 4PL? What is a 3PL? A 3PL provider specializes in services that involve storing or shipping cargo.

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Managed Services Clarifies Data In The Chemical Supply Chain

Trinity Logistics

Chemical manufacturers collect and use a lot of data in their supply chain. They deal with data on their products, customers, transportation, storage, operations and more. Acquiring that data is not hard but managing and utilizing that information to be able to analyze your business is the challenge. Lane Analysis Reports.

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Generative AI in Supply Chain: How It Impacts Your Logistics

Trinity Logistics

Generative AI is first trained on a foundational model and then fine-tuned with human feedback and additional data. Its responses are based on data it has consumed and a resultant powerful prediction mechanism. That is one example of a public version of Generative AI. Now, none of these are really new technologies.

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5 Things to Look for When Vetting Logistics Transportation Services

GlobalTranz

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. The right partner will also work with your team to implement changes based on data-driven recommendations and identify opportunities for continuous improvement. . Focus on Carrier Procurement and Management.

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7 Strategic Performance Business Practices with 3PL KPIs and 4 KPI Problems to Solve

GlobalTranz

We continue our series on understanding the 3PL KPIs (Key performance indicators) from 3PL consultant, Chuck Intrieri of The Lean Supply Chain as it relates to the engagement with a 3PL. 7 Strategic Performance Business Practices to Provide the Ability to Manage 3PL KPIs. There must be some of the 3PL KPIs for I.T.

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What Is Transportation Optimization and What Does It Have to Do With Managed Transportation

GlobalTranz

Additional opportunities can be reached through transportation optimization whether using a 3PL or 4PL. True optimization applies data to ensure all decisions and processes are carried out to their fullest potential. These processes are intrinsically linked and require shared data and collaboration across all network partners.