article thumbnail

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?” When costs begin to spiral out of control, the result is usually a loss of revenue in proportion to sales.

article thumbnail

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. How predictive analytics works in logistics?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Improving Supply Chain Visibility: The Impact of Data Strategy

3PL Links

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. This requires knowing precisely what details should be collected and trusting the sources of this data.

article thumbnail

Global Logistics Market Analysis: 2022 Summer Edition

MTS Logistics

We experience such diverse supply chain disruptions that tracking the data on U.S. Maxx and Marshall’s owner TJX reported sales that were below estimates in May. The post Global Logistics Market Analysis: 2022 Summer Edition appeared first on More Than Shipping. The shipping ecosystem is ever-changing. Furthermore, T.J.

article thumbnail

A True Supply Chain Transformation Requires the Proper Talent

Logistics Viewpoints

Sales of some products decreased greatly, while sales of others boomed driven by a change in consumer habits towards different cosmetic product categories. From a process perspective, an analysis is not enough. But most fundamentally, a company must be data driven. The pandemic has increased complexity.

article thumbnail

How to Protect Your Customers & Brand from Ecommerce Fraud

Ship Monk

Common Types of Ecommerce Fraud As ecommerce sales have soared, cyber crime has followed. As a result, the ecommerce business has lost the product and the revenue from the sale, plus associated fulfillment costs, shipping costs, and chargeback fees. Here are some of the most common types of ecommerce fraud.

article thumbnail

Tata Steel Europe’s Connected Planning Journey

Logistics Viewpoints

Svend Lassen, head of reporting & data analytics for commercial and supply chain at Tata Steel Europe, explained that there needs to be a clear understanding of how any digital project will improve margins before the project is approved. “We Planners come up with data-proven forecasts on what the market may buy.