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

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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. How predictive analytics works in logistics?

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Global Logistics Market Analysis: 2022 Summer Edition

MTS Logistics

We experience such diverse supply chain disruptions that tracking the data on U.S. For example, recently Target was forced to write down the value of excess inventory that’s stuck in warehouses. Maxx and Marshall’s owner TJX reported sales that were below estimates in May. The shipping ecosystem is ever-changing.

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Baltimore Bridge Collapse: An Opportunity to Reinforce the Importance of Supply Chain Resilience

Logistics Viewpoints

For example, a robust supply chain may have backup power generators, firewalls, security systems, and emergency plans to prevent or mitigate the effects of disruptions. For example, an agile supply chain may have real-time data, advanced analytics, decision support tools, and cross-functional teams to monitor, diagnose, and solve problems.

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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.

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A True Supply Chain Transformation Requires the Proper Talent

Logistics Viewpoints

For example, go to the Walmart, turn right, and it is the third house on the left. 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. Logistics can be a challenge.

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Supply Chain Analytics: A Continued & Renewed Focus on Using Data for Improvement

GlobalTranz

Through the use of connected devices and greater abilities to capture data in real time, the concept of end-to-end visibility and improvement thru the use of supply chain analytics has changed. After all, a given distributor cannot evaluate a supplier without being able to see how that supplier has performed in terms of the specific metrics.